ANYANG IRON AND STEEL CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.8 CNY | +2.86% |
|
+4.05% | -15.49% |
| Apr. 29 | Anyang Iron and Steel Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Jan. 09 | Anyang Iron & Steel Plans Joint Venture for High-End Materials | MT |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 11,250 | 7,253 | 7,325 | 7,325 | 8,589 | 5,946 |
| Enterprise Value (EV) 1 | 14,782 | 7,580 | 7,946 | 8,681 | 9,293 | 10,377 |
| P/E ratio | 7.03 x | 3.9 x | 26.6 x | 31.9 x | 8.35 x | -1.98 x |
| Yield | - | 3.3% | 1.96% | 1.96% | 3.68% | - |
| Capitalization / Revenue | 0.42 x | 0.22 x | 0.25 x | 0.23 x | 0.17 x | 0.15 x |
| EV / Revenue | 0.55 x | 0.23 x | 0.27 x | 0.27 x | 0.18 x | 0.26 x |
| EV / EBITDA | 3.63 x | 1.74 x | 2.99 x | 3.37 x | 2.94 x | -10.4 x |
| EV / FCF | 6.22 x | 2.46 x | -3.85 x | -6.19 x | 14 x | -7.83 x |
| FCF Yield | 16.1% | 40.7% | -26% | -16.2% | 7.12% | -12.8% |
| Price to Book | 1.74 x | 0.87 x | 0.74 x | 0.74 x | 0.79 x | 0.8 x |
| Nbr of stocks (in thousands) | 2,393,684 | 2,393,684 | 2,872,421 | 2,872,421 | 2,872,421 | 2,872,421 |
| Reference price 2 | 4.700 | 3.030 | 2.550 | 2.550 | 2.990 | 2.070 |
| Announcement Date | 3/15/18 | 3/20/19 | 4/24/20 | 4/29/21 | 4/25/22 | 4/27/23 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 27,029 | 33,177 | 29,836 | 31,896 | 52,027 | 39,235 |
| EBITDA 1 | 4,074 | 4,359 | 2,661 | 2,575 | 3,166 | -1,001 |
| EBIT 1 | 2,645 | 2,799 | 1,038 | 930.9 | 1,580 | -2,725 |
| Operating Margin | 9.78% | 8.44% | 3.48% | 2.92% | 3.04% | -6.95% |
| Earnings before Tax (EBT) 1 | 1,616 | 1,892 | 357.4 | 240.9 | 1,031 | -3,239 |
| Net income 1 | 1,601 | 1,857 | 256.4 | 228.4 | 1,028 | -3,001 |
| Net margin | 5.92% | 5.6% | 0.86% | 0.72% | 1.98% | -7.65% |
| EPS 2 | 0.6690 | 0.7760 | 0.0960 | 0.0800 | 0.3580 | -1.045 |
| Free Cash Flow 1 | 2,376 | 3,083 | -2,065 | -1,403 | 661.8 | -1,325 |
| FCF margin | 8.79% | 9.29% | -6.92% | -4.4% | 1.27% | -3.38% |
| FCF Conversion (EBITDA) | 58.31% | 70.71% | - | - | 20.9% | - |
| FCF Conversion (Net income) | 148.43% | 166.03% | - | - | 64.35% | - |
| Dividend per Share | - | 0.1000 | 0.0500 | 0.0500 | 0.1100 | - |
| Announcement Date | 3/15/18 | 3/20/19 | 4/24/20 | 4/29/21 | 4/25/22 | 4/27/23 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 327 | 621 | 1,356 | 704 | 4,432 | 1,958 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.075 x | 0.2333 x | 0.5267 x | 0.2225 x | -4.425 x | 96.42 x |
| Free Cash Flow 1 | 3,083 | -2,065 | -1,403 | 662 | -1,325 | 1,016 |
| ROE (net income / shareholders' equity) | 24% | 2.45% | 2.12% | 9.19% | -31.8% | -20.3% |
| ROA (Net income/ Total Assets) | 5.19% | 1.79% | 1.48% | 2.29% | -3.86% | -2.25% |
| Assets 1 | 35,789 | 14,330 | 15,456 | 44,922 | 77,802 | 68,964 |
| Book Value Per Share 2 | 3.480 | 3.440 | 3.470 | 3.770 | 2.600 | 2.060 |
| Cash Flow per Share 2 | 2.860 | 3.010 | 2.900 | 2.860 | 2.270 | 2.650 |
| Capex 1 | 593 | 640 | 1,713 | 3,288 | 950 | 1,285 |
| Capex / Sales | 1.79% | 2.14% | 5.37% | 6.32% | 2.42% | 3.05% |
| Announcement Date | 3/20/19 | 4/24/20 | 4/29/21 | 4/25/22 | 4/27/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -15.49% | 694M | |
| +1.77% | 25.86B | |
| +18.55% | 21.23B | |
| -7.41% | 11.73B | |
| +25.93% | 11.2B | |
| +10.61% | 10.91B | |
| +10.96% | 10.15B | |
| +1.48% | 8.56B | |
| +3.56% | 7.32B | |
| +22.33% | 6.92B |
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