BEIJING SINOHYTEC CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 37.5 CNY | -1.03% |
|
+4.20% | -18.01% |
| Apr. 29 | Beijing SinoHytec Widens Loss in 2023 | MT |
| Apr. 26 | Beijing SinoHytec Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 19,199 | 19,325 | 7,392 | 7,177 | 6,009 | - | - |
| Enterprise Value (EV) 1 | 18,312 | 18,569 | 7,000 | 6,277 | 5,731 | 6,085 | 6,354 |
| P/E ratio | -717 x | -118 x | -44.3 x | -30.9 x | -30.8 x | -204 x | -508 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 33.5 x | 30.7 x | 10 x | 8.96 x | 5.58 x | 2.56 x | 2.81 x |
| EV / Revenue | 32 x | 29.5 x | 9.48 x | 7.84 x | 5.33 x | 2.59 x | 2.97 x |
| EV / EBITDA | -2,117 x | -94.4 x | -94.4 x | -29 x | -32.1 x | 48.8 x | 25.1 x |
| EV / FCF | -50.9 x | -53.3 x | -14.1 x | -9.88 x | 21.8 x | -8.39 x | -35.1 x |
| FCF Yield | -1.96% | -1.88% | -7.09% | -10.1% | 4.59% | -11.9% | -2.85% |
| Price to Book | 8.44 x | 7.72 x | 3.16 x | 2.49 x | 2.18 x | 2.2 x | 2.27 x |
| Nbr of stocks (in thousands) | 138,180 | 139,848 | 139,848 | 165,466 | 165,466 | - | - |
| Reference price 2 | 138.9 | 138.2 | 52.86 | 45.74 | 37.50 | 37.50 | 37.50 |
| Announcement Date | 2/25/21 | 2/25/22 | 2/27/23 | 2/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 572.3 | 629.4 | 738.1 | 800.7 | 1,076 | 2,347 | 2,140 |
| EBITDA 1 | -8.649 | -196.8 | -74.17 | -216.6 | -178.4 | 124.6 | 253 |
| EBIT 1 | -41.2 | -242 | -232.7 | -306.9 | -247.6 | -62.83 | -3.767 |
| Operating Margin | -7.2% | -38.45% | -31.52% | -38.33% | -23% | -2.68% | -0.18% |
| Earnings before Tax (EBT) 1 | -42.33 | -241.9 | -236.3 | -319.9 | -296.8 | -68.68 | -19.44 |
| Net income 1 | -22.52 | -161.9 | -166.5 | -226.1 | -201.4 | -35.7 | 0.7115 |
| Net margin | -3.94% | -25.73% | -22.55% | -28.23% | -18.71% | -1.52% | 0.03% |
| EPS 2 | -0.1939 | -1.168 | -1.193 | -1.480 | -1.216 | -0.1835 | -0.0738 |
| Free Cash Flow 1 | -359.8 | -348.6 | -496.1 | -635.1 | 263 | -725 | -181 |
| FCF margin | -62.87% | -55.39% | -67.21% | -79.32% | 24.44% | -30.89% | -8.46% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 2/25/21 | 2/25/22 | 2/27/23 | 2/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 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 | - | 255.6 | 97.06 | 172.1 | 121.5 | 347.5 | 48.37 | 105.1 | 139.8 | 507.3 | - | 174.9 | 213.7 | 569.7 | - | - |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | -59.96 | -64.99 | -16.56 | - | - |
| EBIT 1 | - | -121.8 | -36.43 | -55.38 | -50.83 | -90.05 | -53.78 | -64.09 | -152.2 | -36.79 | - | -75.19 | -80.23 | -31.79 | - | - |
| Operating Margin | - | -47.66% | -37.53% | -32.18% | -41.85% | -25.91% | -111.19% | -60.96% | -108.86% | -7.25% | - | -43% | -37.54% | -5.58% | - | - |
| Earnings before Tax (EBT) 1 | - | - | -36.47 | -59.16 | -50.99 | -89.7 | - | -66.24 | -162.2 | -36.68 | - | -69.38 | -83.55 | -35.11 | - | - |
| Net income 1 | -63.51 | - | -23.47 | -36.56 | -34.57 | -71.84 | - | -37.88 | -116.5 | -33.02 | - | -44.99 | -63.58 | -26.72 | - | - |
| Net margin | - | - | -24.19% | -21.25% | -28.46% | -20.67% | - | -36.02% | -83.34% | -6.51% | - | -25.73% | -29.75% | -4.69% | - | - |
| EPS 2 | -0.6122 | -0.6480 | -0.1684 | -0.1929 | -0.2500 | -0.5143 | -0.2500 | -0.2286 | -0.5100 | -0.3000 | -0.5500 | -0.2719 | -0.3843 | -0.1615 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/28/20 | 2/25/22 | 4/28/22 | 8/29/22 | 10/30/22 | 2/27/23 | 4/27/23 | 8/30/23 | 10/30/23 | 2/25/24 | 4/26/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 76.2 | 345 |
| Net Cash position 1 | 887 | 756 | 391 | 900 | 279 | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 0.6112 x | 1.365 x |
| Free Cash Flow 1 | -360 | -349 | -496 | -635 | 263 | -725 | -181 |
| ROE (net income / shareholders' equity) | -1.54% | -7.11% | -6.86% | -7.35% | -6.64% | -2.08% | 0.04% |
| ROA (Net income/ Total Assets) | -0.95% | -4.46% | -4.65% | -5.57% | -3.35% | 0.92% | -0.2% |
| Assets 1 | 2,366 | 3,635 | 3,581 | 4,057 | 6,011 | -3,867 | -355.8 |
| Book Value Per Share 2 | 16.50 | 17.90 | 16.80 | 18.40 | 17.20 | 17.10 | 16.60 |
| Cash Flow per Share 2 | -1.660 | -0.8700 | -2.370 | -3.390 | -1.150 | -1.980 | -4.920 |
| Capex 1 | 130 | 227 | 164 | 74.5 | 140 | 197 | 197 |
| Capex / Sales | 22.77% | 36.11% | 22.22% | 9.3% | 12.98% | 8.38% | 9.19% |
| Announcement Date | 2/25/21 | 2/25/22 | 2/27/23 | 2/25/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
37.5
CNY
Average target price
52.38
CNY
Spread / Average Target
+39.67%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -18.01% | 832M | |
| +23.34% | 49.44B | |
| -6.60% | 22.64B | |
| +27.61% | 19.99B | |
| +33.48% | 17.56B | |
| -2.11% | 15.41B | |
| -17.52% | 13.53B | |
| -20.98% | 13.24B | |
| +34.45% | 12.02B | |
| +34.78% | 10.62B |
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