ZHEJIANG THREE STARS NEW MATERIALS CO., LTD. Financials Zhejiang Three Stars New Materials Co., Ltd.
Equities
603578
CNE100002YN4
Commodity Chemicals
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.45 CNY | -0.40% |
|
-0.88% | -12.75% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,683 | 1,762 | 2,001 | 2,216 | 2,206 | 2,507 |
| Enterprise Value (EV) 1 | 1,529 | 1,610 | 1,984 | 2,176 | 2,190 | 2,085 |
| P/E ratio | 27.6 x | 28.6 x | 23.4 x | 21.9 x | 21.4 x | 21.6 x |
| Yield | 1.12% | 1.05% | 1.26% | 1.3% | 1.45% | 0.91% |
| Capitalization / Revenue | 5.15 x | 5.18 x | 4.69 x | 2.68 x | 2.89 x | 2.81 x |
| EV / Revenue | 4.68 x | 4.73 x | 4.64 x | 2.63 x | 2.87 x | 2.34 x |
| EV / EBITDA | 19.4 x | 20 x | 20.8 x | 18.1 x | 18.4 x | 13.5 x |
| EV / FCF | -52.8 x | 23.7 x | -8.97 x | -1,494 x | -348 x | 5.4 x |
| FCF Yield | -1.89% | 4.21% | -11.1% | -0.07% | -0.29% | 18.5% |
| Price to Book | 3.06 x | 2.72 x | 2.68 x | 2.48 x | 2.27 x | 2.38 x |
| Nbr of stocks (in thousands) | 162,981 | 160,160 | 164,143 | 170,751 | 177,352 | 175,677 |
| Reference price 2 | 10.32 | 11.00 | 12.19 | 12.98 | 12.44 | 14.27 |
| Announcement Date | 3/25/19 | 3/27/20 | 3/25/21 | 3/28/22 | 3/28/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 326.7 | 340 | 427.1 | 825.9 | 762.9 | 892.3 |
| EBITDA 1 | 78.93 | 80.54 | 95.26 | 120.3 | 118.7 | 154.3 |
| EBIT 1 | 66.32 | 68.27 | 81.7 | 97.19 | 94.65 | 125.3 |
| Operating Margin | 20.3% | 20.08% | 19.13% | 11.77% | 12.41% | 14.04% |
| Earnings before Tax (EBT) 1 | 66.88 | 67.68 | 95.62 | 104.9 | 107.4 | 121.1 |
| Net income 1 | 60.05 | 61.6 | 85.49 | 98.5 | 104.2 | 116 |
| Net margin | 18.38% | 18.12% | 20.02% | 11.93% | 13.66% | 13% |
| EPS 2 | 0.3736 | 0.3846 | 0.5220 | 0.5923 | 0.5800 | 0.6600 |
| Free Cash Flow 1 | -28.96 | 67.8 | -221.1 | -1.456 | -6.299 | 386.4 |
| FCF margin | -8.86% | 19.94% | -51.76% | -0.18% | -0.83% | 43.3% |
| FCF Conversion (EBITDA) | - | 84.19% | - | - | - | 250.44% |
| FCF Conversion (Net income) | - | 110.07% | - | - | - | 333.03% |
| Dividend per Share 2 | 0.1154 | 0.1154 | 0.1538 | 0.1692 | 0.1800 | 0.1300 |
| Announcement Date | 3/25/19 | 3/27/20 | 3/25/21 | 3/28/22 | 3/28/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 154 | 152 | 17.7 | 40.1 | 16.7 | 422 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | -29 | 67.8 | -221 | -1.46 | -6.3 | 386 |
| ROE (net income / shareholders' equity) | 11.6% | 10.5% | 12.4% | 11.1% | 10.4% | 10.3% |
| ROA (Net income/ Total Assets) | 6.7% | 5.45% | 5.09% | 5.01% | 4.79% | 4.02% |
| Assets 1 | 896.3 | 1,131 | 1,678 | 1,966 | 2,174 | 2,885 |
| Book Value Per Share 2 | 3.370 | 4.040 | 4.540 | 5.230 | 5.470 | 6.000 |
| Cash Flow per Share 2 | 0.2200 | 1.450 | 0.8600 | 0.5900 | 0.4300 | 2.590 |
| Capex 1 | 35.2 | 69.7 | 44 | 50.7 | 24.7 | 425 |
| Capex / Sales | 10.76% | 20.51% | 10.31% | 6.13% | 3.23% | 47.6% |
| Announcement Date | 3/25/19 | 3/27/20 | 3/25/21 | 3/28/22 | 3/28/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -12.75% | 310M | |
| -12.06% | 2.31B | |
| -25.50% | 2.15B | |
| -3.74% | 1.26B | |
| +17.65% | 789M | |
| +52.53% | 699M | |
| -13.95% | 690M | |
| -3.73% | 559M | |
| -21.85% | 508M | |
| -21.98% | 455M |
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- Financials Zhejiang Three Stars New Materials Co., Ltd.
