YUNNAN ENERGY NEW MATERIAL CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 44.22 CNY | +3.85% |
|
+6.27% | -22.18% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 40,671 | 124,620 | 223,061 | 116,956 | 55,466 | 42,776 | - | - |
| Enterprise Value (EV) 1 | 43,710 | 127,464 | 228,561 | 127,136 | 64,042 | 56,896 | 56,274 | 58,621 |
| P/E ratio | 47.6 x | 107 x | 81.8 x | 29.4 x | 22 x | 29.6 x | 13.1 x | 13.3 x |
| Yield | 0.25% | 0.12% | 0.12% | - | 2.73% | 0.82% | 1.31% | 2.45% |
| Capitalization / Revenue | 12.9 x | 29.1 x | 27.9 x | 9.29 x | 4.61 x | 3.21 x | 2.38 x | 2.2 x |
| EV / Revenue | 13.8 x | 29.8 x | 28.6 x | 10.1 x | 5.32 x | 4.27 x | 3.13 x | 3.01 x |
| EV / EBITDA | 32 x | 67.8 x | 54.8 x | 21.5 x | 13.6 x | 14.9 x | 8.99 x | 9.36 x |
| EV / FCF | -32.2 x | -79 x | -88.7 x | -26.7 x | -12.4 x | -44.1 x | 264 x | -217 x |
| FCF Yield | -3.1% | -1.27% | -1.13% | -3.74% | -8.05% | -2.27% | 0.38% | -0.46% |
| Price to Book | 8.94 x | 11.3 x | 16.1 x | 6.6 x | 1.99 x | 1.6 x | 1.42 x | 1.46 x |
| Nbr of stocks (in thousands) | 805,371 | 878,968 | 890,821 | 890,824 | 976,169 | 967,343 | - | - |
| Reference price 2 | 50.50 | 141.8 | 250.4 | 131.3 | 56.82 | 44.22 | 44.22 | 44.22 |
| Announcement Date | 2/27/20 | 2/26/21 | 3/17/22 | 3/3/23 | 4/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,160 | 4,283 | 7,982 | 12,591 | 12,042 | 13,338 | 17,973 | 19,472 |
| EBITDA 1 | 1,366 | 1,879 | 4,171 | 5,908 | 4,711 | 3,821 | 6,259 | 6,266 |
| EBIT 1 | 1,063 | 1,317 | 3,217 | 4,843 | 3,232 | 1,877 | 4,076 | 3,853 |
| Operating Margin | 33.63% | 30.74% | 40.3% | 38.46% | 26.84% | 14.07% | 22.68% | 19.79% |
| Earnings before Tax (EBT) 1 | 1,062 | 1,313 | 3,220 | 4,765 | 3,026 | 1,860 | 4,016 | 3,880 |
| Net income 1 | 849.8 | 1,116 | 2,718 | 4,000 | 2,527 | 1,461 | 3,298 | 3,263 |
| Net margin | 26.9% | 26.05% | 34.04% | 31.77% | 20.98% | 10.95% | 18.35% | 16.76% |
| EPS 2 | 1.060 | 1.330 | 3.060 | 4.460 | 2.580 | 1.493 | 3.372 | 3.314 |
| Free Cash Flow 1 | -1,356 | -1,613 | -2,577 | -4,754 | -5,156 | -1,291 | 213.5 | -270 |
| FCF margin | -42.91% | -37.66% | -32.29% | -37.76% | -42.82% | -9.68% | 1.19% | -1.39% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 3.41% | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | 6.47% | - |
| Dividend per Share 2 | 0.1250 | 0.1700 | 0.3030 | - | 1.551 | 0.3627 | 0.5800 | 1.084 |
| Announcement Date | 2/27/20 | 2/26/21 | 3/17/22 | 3/3/23 | 4/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,614 | 2,592 | 3,164 | 5,756 | 3,523 | 3,311 | 2,568 | 3,000 | 3,525 | 2,949 | 2,328 | 2,173 | 3,858 | 4,500 | - | - |
| EBITDA 1 | 1,170 | - | 1,574 | - | 1,630 | - | - | - | - | - | - | 730.8 | 783.7 | 845.4 | - | - |
| EBIT 1 | 1,130 | 1,054 | 1,337 | - | 1,426 | 1,026 | 846.1 | 890.3 | 942.7 | 552.9 | - | 317.1 | 370 | 431.6 | - | - |
| Operating Margin | 43.23% | 40.68% | 42.25% | - | 40.47% | 30.98% | 32.94% | 29.68% | 26.74% | 18.75% | - | 14.59% | 9.59% | 9.59% | - | - |
| Earnings before Tax (EBT) 1 | 1,130 | 1,106 | 1,356 | - | 1,441 | 861.8 | - | 908.6 | 895.6 | 451.6 | - | 379.3 | 425.4 | 487 | - | - |
| Net income 1 | 966.8 | 915.7 | 1,104 | 2,020 | 1,206 | 774.5 | - | 755.4 | 748.9 | 373.1 | - | 310.4 | 376.5 | 433.5 | - | - |
| Net margin | 36.99% | 35.32% | 34.89% | 35.09% | 34.24% | 23.39% | - | 25.18% | 21.25% | 12.65% | - | 14.29% | 9.76% | 9.63% | - | - |
| EPS 2 | 1.090 | 1.030 | 1.230 | - | 1.350 | 0.8500 | 0.7300 | 0.8200 | 0.7700 | 0.2800 | - | 0.4026 | 0.4362 | 0.4651 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.2615 | - | 0.6229 |
| Announcement Date | 3/17/22 | 4/20/22 | 8/31/22 | 8/31/22 | 10/24/22 | 3/3/23 | 4/26/23 | 8/23/23 | 10/31/23 | 4/24/24 | 4/25/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,039 | 2,844 | 5,499 | 10,180 | 8,577 | 14,120 | 13,498 | 15,845 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.225 x | 1.513 x | 1.318 x | 1.723 x | 1.821 x | 3.696 x | 2.157 x | 2.529 x |
| Free Cash Flow 1 | -1,356 | -1,613 | -2,577 | -4,754 | -5,156 | -1,291 | 214 | -270 |
| ROE (net income / shareholders' equity) | 20.4% | 17.1% | 21.9% | 25.4% | 11.9% | 5.68% | 11.8% | 10.1% |
| ROA (Net income/ Total Assets) | 8.54% | 6.78% | 11.6% | 12.4% | 5.89% | 3.02% | 6.36% | 4.8% |
| Assets 1 | 9,948 | 16,450 | 23,347 | 32,372 | 42,912 | 48,420 | 51,875 | 68,045 |
| Book Value Per Share 2 | 5.650 | 12.50 | 15.50 | 19.90 | 28.60 | 27.70 | 31.10 | 30.40 |
| Cash Flow per Share 2 | 0.9500 | 1.270 | 1.590 | 0.5600 | 2.720 | 3.710 | 3.790 | 4.460 |
| Capex 1 | 2,119 | 2,668 | 3,996 | 5,258 | 7,824 | 3,735 | 3,754 | 2,037 |
| Capex / Sales | 67.07% | 62.3% | 50.06% | 41.76% | 64.97% | 28% | 20.89% | 10.46% |
| Announcement Date | 2/27/20 | 2/26/21 | 3/17/22 | 3/3/23 | 4/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
44.22
CNY
Average target price
50.06
CNY
Spread / Average Target
+13.21%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -22.18% | 5.7B | |
| +8.41% | 41.24B | |
| -20.54% | 22.31B | |
| -14.52% | 13.42B | |
| -9.95% | 10.18B | |
| -7.40% | 9.82B | |
| +18.88% | 8.11B | |
| +12.40% | 6.96B | |
| -29.96% | 3.41B | |
| -22.86% | 3.27B |
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