CHINA BLUECHEMICAL LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.51 HKD | +1.62% |
|
+1.21% | +27.41% |
| Mar. 25 | China Bluechemical Posts Gains in Fiscal 2023 Net Profit | MT |
| Mar. 24 | China BlueChemical Ltd. Proposes Final Dividend for the Year Ended December 31, 2023, Payable on June 30, 2024 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 9,958 | 7,910 | 4,772 | 8,151 | 7,532 | 10,711 |
| Enterprise Value (EV) 1 | 3,418 | 9,117 | -3,415 | 722.2 | 7,532 | 8,254 |
| P/E ratio | 7.2 x | 11.4 x | 6.47 x | 5.53 x | 4.54 x | 3.44 x |
| Yield | 6.94% | 4.43% | 7.73% | 8.77% | 10.9% | 11.6% |
| Capitalization / Revenue | 0.88 x | 0.73 x | 0.46 x | 0.61 x | 0.53 x | 0.64 x |
| EV / Revenue | 0.88 x | 0.73 x | 0.46 x | 0.61 x | 0.53 x | 0.64 x |
| EV / EBITDA | 3.43 x | 4.75 x | 3.57 x | 2.88 x | 3.09 x | 4.19 x |
| EV / FCF | 5,408,229 x | 10,101,515 x | - | - | - | - |
| FCF Yield | 0% | 0% | - | - | - | - |
| Price to Book | 0.7 x | 0.55 x | 0.32 x | 0.52 x | 0.45 x | - |
| Nbr of stocks (in thousands) | 4,610,000 | 4,610,000 | 4,610,000 | 4,610,000 | 4,610,000 | 4,610,000 |
| Reference price 2 | 2.160 | 1.716 | 1.035 | 1.768 | 1.634 | 2.323 |
| Announcement Date | 3/27/19 | 3/27/20 | 3/26/21 | 3/30/22 | 3/28/23 | 3/24/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 11,260 | 10,858 | 10,417 | 13,398 | 14,279 | 12,990 |
| EBITDA 1 | 2,901 | 1,664 | 1,338 | 2,833 | 2,438 | 1,971 |
| EBIT 1 | 2,157 | 961.1 | 689.7 | 2,276 | 1,871 | 1,343 |
| Operating Margin | 19.16% | 8.85% | 6.62% | 16.98% | 13.11% | 10.34% |
| Earnings before Tax (EBT) | 2,140 | 1,379 | 1,054 | 2,642 | 2,271 | - |
| Net income | 1,379 | 703.2 | 745.5 | 1,498 | 1,643 | - |
| Net margin | 12.25% | 6.48% | 7.16% | 11.18% | 11.5% | - |
| EPS 2 | 0.3000 | 0.1500 | 0.1600 | 0.3200 | 0.3600 | 0.5200 |
| Free Cash Flow | 1,841 | 783.1 | - | - | - | - |
| FCF margin | 16.35% | 7.21% | - | - | - | - |
| FCF Conversion (EBITDA) | 63.47% | 47.06% | - | - | - | - |
| FCF Conversion (Net income) | 133.53% | 111.35% | - | - | - | - |
| Dividend per Share 2 | 0.1500 | 0.0760 | 0.0800 | 0.1550 | 0.1780 | 0.2070 |
| Announcement Date | 3/27/19 | 3/27/20 | 3/26/21 | 3/30/22 | 3/28/23 | 3/24/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt | - | 1,207 | - | - | - | - |
| Net Cash position | 6,540 | - | 8,188 | 7,429 | - | - |
| Leverage (Debt/EBITDA) | - | 0.7254 x | - | - | - | - |
| Free Cash Flow | 1,841 | 783 | - | - | - | - |
| ROE (net income / shareholders' equity) | 10.1% | 4.93% | 5.14% | 9.81% | 10.1% | 13.6% |
| ROA (Net income/ Total Assets) | 7.04% | 3.57% | - | - | - | - |
| Assets | 19,599 | 19,684 | - | - | - | - |
| Book Value Per Share | 3.080 | 3.100 | 3.190 | 3.430 | 3.630 | - |
| Cash Flow per Share | 0.4300 | 0.2500 | 0.2700 | 0.6400 | - | - |
| Capex | 163 | 360 | 373 | 1,307 | - | - |
| Capex / Sales | 1.45% | 3.31% | 3.58% | 9.76% | - | - |
| Announcement Date | 3/27/19 | 3/27/20 | 3/26/21 | 3/30/22 | 3/28/23 | 3/24/24 |
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +27.41% | 1.48B | |
| -.--% | 11.15B | |
| -7.28% | 7.3B | |
| +7.47% | 6.87B | |
| -3.91% | 5.91B | |
| -6.14% | 5.54B | |
| -10.44% | 5.6B | |
| +31.35% | 5.19B | |
| -13.45% | 4.58B | |
| +17.77% | 4.4B |
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