Financials Sokan New Materials Group Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-22 pm EDT			5-day change	1st Jan Change
32.23 ^CNY	-2.63%		-2.89%	-40.25%

Apr. 29	Hunan Sokan New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 02	Tranche Update on Hunan Sokan New Materials Co., Ltd.'s Equity Buyback Plan announced on February 21, 2024.	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	6,607	9,687	6,984	6,027	3,588	-	-
Enterprise Value (EV) ¹	6,607	9,687	6,984	6,027	3,588	3,588	3,588
P/E ratio	69.2 x	98.9 x	84.1 x	73.9 x	28.8 x	19.8 x	14.4 x
Yield	-	0.3%	0.35%	0.41%	0.47%	0.57%	-
Capitalization / Revenue	15.2 x	19.1 x	14 x	10.2 x	4.26 x	3.1 x	2.34 x
EV / Revenue	15.2 x	19.1 x	14 x	10.2 x	4.26 x	3.1 x	2.34 x
EV / EBITDA	62.9 x	-	68.5 x	55.7 x	20.9 x	14.7 x	10.1 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	6.03 x	8.18 x	5.59 x	4.65 x	2.56 x	2.29 x	2.06 x
Nbr of stocks (in thousands)	111,440	111,440	111,736	111,736	111,339	-	-
Reference price ²	59.29	86.93	62.50	53.94	32.23	32.23	32.23
Announcement Date	1/14/21	2/27/22	2/10/23	2/6/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	434.9	508.2	499.1	588.2	842	1,156	1,534
EBITDA ¹	105.1	-	102	108.2	172	244.5	354
EBIT ¹	92.96	104.1	86.03	88.18	143.7	195.5	278
Operating Margin	21.37%	20.47%	17.24%	14.99%	17.06%	16.92%	18.12%
Earnings before Tax (EBT) ¹	96.83	108.6	86.23	87.85	146	197.2	279
Net income ¹	87.18	97.39	82.25	83.3	125.2	181.9	251
Net margin	20.04%	19.16%	16.48%	14.16%	14.87%	15.74%	16.36%
EPS ²	0.8571	0.8786	0.7429	0.7300	1.120	1.628	2.240
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.2643	0.2214	0.2200	0.1500	0.1850	-
Announcement Date	1/14/21	2/27/22	2/10/23	2/6/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	19.5%	8.55%	6.82%	6.45%	9.04%	11.5%	14.4%
ROA (Net income/ Total Assets)	9.68%	-	5.09%	-	6.3%	8.33%	8.3%
Assets ¹	900.3	-	1,616	-	1,988	2,182	3,024
Book Value Per Share ²	9.830	10.60	11.20	11.60	12.60	14.10	15.60
Cash Flow per Share ²	0.6400	0.5100	1.260	0.2400	1.120	0.8500	-
Capex ¹	56.5	108	240	211	345	119	204
Capex / Sales	13%	21.18%	48.04%	35.9%	40.97%	10.27%	13.3%
Announcement Date	1/14/21	2/27/22	2/10/23	2/6/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

32.23 CNY

Average target price

71.32 CNY

Spread / Average Target

+121.30%

	1st Jan change	Capi.
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