CHENGZHI CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.11 CNY | +0.62% |
|
+4.78% | -1.22% |
| Apr. 16 | Chengzhi Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 03 | Chengzhi Co., Ltd. Approves Cash Dividend for 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 15,049 | 18,035 | 14,413 | 19,225 | 10,694 | 9,977 |
| Enterprise Value (EV) 1 | 17,268 | 21,041 | 17,026 | 20,454 | 11,332 | 10,858 |
| P/E ratio | 17.7 x | 40.8 x | 40.6 x | 19.1 x | 202 x | 56.2 x |
| Yield | - | 1.96% | - | - | 1.25% | - |
| Capitalization / Revenue | 2.56 x | 2.61 x | 1.48 x | 1.58 x | 0.91 x | 0.8 x |
| EV / Revenue | 2.94 x | 3.04 x | 1.75 x | 1.68 x | 0.97 x | 0.87 x |
| EV / EBITDA | 12.1 x | 16.5 x | 12.4 x | 8.98 x | 11.9 x | 8.06 x |
| EV / FCF | -61.8 x | -40.7 x | 32.5 x | 28.2 x | 13.1 x | 15.4 x |
| FCF Yield | -1.62% | -2.46% | 3.08% | 3.55% | 7.63% | 6.51% |
| Price to Book | 0.93 x | 1.13 x | 0.87 x | 1.09 x | 0.61 x | 0.57 x |
| Nbr of stocks (in thousands) | 1,253,012 | 1,216,954 | 1,215,238 | 1,215,238 | 1,215,238 | 1,215,238 |
| Reference price 2 | 12.01 | 14.82 | 11.86 | 15.82 | 8.800 | 8.210 |
| Announcement Date | 3/14/19 | 4/17/20 | 3/4/21 | 4/19/22 | 3/24/23 | 3/12/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 5,868 | 6,912 | 9,732 | 12,184 | 11,717 | 12,417 |
| EBITDA 1 | 1,423 | 1,275 | 1,377 | 2,277 | 949.3 | 1,347 |
| EBIT 1 | 976.2 | 780.6 | 755.8 | 1,656 | 357.4 | 757.8 |
| Operating Margin | 16.64% | 11.29% | 7.77% | 13.59% | 3.05% | 6.1% |
| Earnings before Tax (EBT) 1 | 978.2 | 502.1 | 444.8 | 1,294 | 168.6 | 361.6 |
| Net income 1 | 849.3 | 442.5 | 355.1 | 1,008 | 52.88 | 177.4 |
| Net margin | 14.47% | 6.4% | 3.65% | 8.28% | 0.45% | 1.43% |
| EPS 2 | 0.6800 | 0.3630 | 0.2922 | 0.8298 | 0.0435 | 0.1460 |
| Free Cash Flow 1 | -279.5 | -516.7 | 524.1 | 726.4 | 864.9 | 706.8 |
| FCF margin | -4.76% | -7.48% | 5.39% | 5.96% | 7.38% | 5.69% |
| FCF Conversion (EBITDA) | - | - | 38.06% | 31.9% | 91.11% | 52.49% |
| FCF Conversion (Net income) | - | - | 147.59% | 72.04% | 1,635.61% | 398.42% |
| Dividend per Share | - | 0.2900 | - | - | 0.1100 | - |
| Announcement Date | 3/14/19 | 4/17/20 | 3/4/21 | 4/19/22 | 3/24/23 | 3/12/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 2,219 | 3,006 | 2,613 | 1,229 | 638 | 881 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.559 x | 2.357 x | 1.898 x | 0.5399 x | 0.6718 x | 0.6544 x |
| Free Cash Flow 1 | -279 | -517 | 524 | 726 | 865 | 707 |
| ROE (net income / shareholders' equity) | 5.2% | 2.68% | 2.11% | 6% | 0.86% | 1.55% |
| ROA (Net income/ Total Assets) | 2.75% | 2.06% | 1.95% | 4.24% | 0.91% | 1.88% |
| Assets 1 | 30,905 | 21,516 | 18,216 | 23,801 | 5,798 | 9,448 |
| Book Value Per Share 2 | 12.90 | 13.20 | 13.60 | 14.50 | 14.50 | 14.50 |
| Cash Flow per Share 2 | 1.860 | 1.450 | 1.530 | 1.490 | 1.150 | 1.980 |
| Capex 1 | 1,834 | 1,121 | 301 | 417 | 335 | 899 |
| Capex / Sales | 31.25% | 16.22% | 3.09% | 3.43% | 2.86% | 7.24% |
| Announcement Date | 3/14/19 | 4/17/20 | 3/4/21 | 4/19/22 | 3/24/23 | 3/12/24 |
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. | |
|---|---|---|
| -1.22% | 1.36B | |
| +4.46% | 102B | |
| -3.35% | 65.27B | |
| +46.67% | 41.44B | |
| +19.71% | 40.05B | |
| +6.70% | 32.48B | |
| +11.78% | 19.71B | |
| +17.06% | 17.33B | |
| +20.73% | 15.6B | |
| +11.69% | 15.34B |
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