ZHEJIANG OCEANKING DEVELOPMENT CO., LTD. Financials Zhejiang Oceanking Development Co., Ltd.
Equities
603213
CNE100004ZM9
Commodity Chemicals
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.42 CNY | +0.53% |
|
-2.99% | -12.70% |
| May. 17 | Oceanking Development Chairman Retires | MT |
| Apr. 28 | Zhejiang Oceanking Development Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 |
|---|---|---|---|
| Capitalization 1 | 10,070 | 5,748 | 4,691 |
| Enterprise Value (EV) 1 | 9,647 | 5,334 | 4,901 |
| P/E ratio | 17.5 x | 15.2 x | 18.9 x |
| Yield | 2.49% | 3.27% | 2.61% |
| Capitalization / Revenue | 4.93 x | 2.24 x | 2.22 x |
| EV / Revenue | 4.72 x | 2.08 x | 2.32 x |
| EV / EBITDA | 15.2 x | 9.71 x | 13.3 x |
| EV / FCF | -110 x | 6.74 x | -45.7 x |
| FCF Yield | -0.91% | 14.8% | -2.19% |
| Price to Book | 6.35 x | 3.35 x | 2.78 x |
| Nbr of stocks (in thousands) | 434,800 | 434,800 | 434,800 |
| Reference price 2 | 23.16 | 13.22 | 10.79 |
| Announcement Date | 4/21/22 | 4/19/23 | 4/12/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,154 | 1,137 | 1,152 | 2,043 | 2,563 | 2,115 |
| EBITDA 1 | 195 | 202.6 | 188.6 | 634.7 | 549.5 | 368.9 |
| EBIT 1 | 157.5 | 166.9 | 146.9 | 584 | 490 | 305.3 |
| Operating Margin | 13.65% | 14.68% | 12.75% | 28.58% | 19.12% | 14.44% |
| Earnings before Tax (EBT) 1 | 142.4 | 169.8 | 181.1 | 597.1 | 496.8 | 320.6 |
| Net income 1 | 108.3 | 127.1 | 129.7 | 496.4 | 379.4 | 248.8 |
| Net margin | 9.38% | 11.19% | 11.25% | 24.3% | 14.81% | 11.77% |
| EPS | - | 0.4300 | 0.3500 | 1.320 | 0.8700 | 0.5700 |
| Free Cash Flow 1 | 125.5 | 11.76 | 68.77 | -87.53 | 791.7 | -107.3 |
| FCF margin | 10.88% | 1.03% | 5.97% | -4.28% | 30.89% | -5.07% |
| FCF Conversion (EBITDA) | 64.39% | 5.8% | 36.47% | - | 144.07% | - |
| FCF Conversion (Net income) | 115.96% | 9.25% | 53.03% | - | 208.65% | - |
| Dividend per Share | - | - | - | 0.5760 | 0.4320 | 0.2820 |
| Announcement Date | 3/30/21 | 3/30/21 | 10/21/21 | 4/21/22 | 4/19/23 | 4/12/24 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 94.7 | - | - | - | - | 209 |
| Net Cash position 1 | - | 164 | 117 | 423 | 414 | - |
| Leverage (Debt/EBITDA) | 0.4858 x | - | - | - | - | 0.5673 x |
| Free Cash Flow 1 | 126 | 11.8 | 68.8 | -87.5 | 792 | -107 |
| ROE (net income / shareholders' equity) | 37.5% | 25.8% | 18.5% | 41.6% | 22.9% | 14.3% |
| ROA (Net income/ Total Assets) | 12.9% | 13.4% | 9.17% | 22.6% | 13.2% | 6.92% |
| Assets 1 | 836.6 | 948 | 1,414 | 2,193 | 2,869 | 3,597 |
| Book Value Per Share | - | 1.850 | 2.140 | 3.640 | 3.940 | 3.880 |
| Cash Flow per Share | - | 0.4500 | 0.6100 | 1.090 | 0.9600 | 0.1700 |
| Capex 1 | 52.4 | 86 | 92.6 | 136 | 308 | 499 |
| Capex / Sales | 4.54% | 7.56% | 8.04% | 6.65% | 12.03% | 23.59% |
| Announcement Date | 3/30/21 | 3/30/21 | 10/21/21 | 4/21/22 | 4/19/23 | 4/11/24 |
1CNY in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -12.70% | 567M | |
| +5.41% | 106B | |
| -4.31% | 64.74B | |
| +73.33% | 49.34B | |
| +17.24% | 39.15B | |
| +6.13% | 32.86B | |
| +12.77% | 20.29B | |
| +15.03% | 17.21B | |
| +19.06% | 15.28B | |
| +6.28% | 14.58B |
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