Financials China-Singapore Suzhou Industrial Park Development Group Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-14 pm EDT			5-day change	1st Jan Change
8.61 ^CNY	-0.46%		+3.61%	+11.67%

Apr. 26	China-Singapore Suzhou Industrial Park Development Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 19	China-Singapore Suzhou Industrial Park Development Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	20,835	14,899	13,565	11,976	11,556	12,905	-	-
Enterprise Value (EV) ¹	20,835	14,899	13,565	11,976	11,556	12,905	12,905	12,905
P/E ratio	17.4 x	11.4 x	8.87 x	7.47 x	8.47 x	9.84 x	10.3 x	9.9 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	3.92 x	4.36 x	3.46 x	2.53 x	3.16 x	3.66 x	3.71 x	3.65 x
EV / Revenue	3.92 x	4.36 x	3.46 x	2.53 x	3.16 x	3.66 x	3.71 x	3.65 x
EV / EBITDA	10.3 x	6.74 x	5.09 x	3.98 x	5.63 x	5.82 x	5.82 x	5.59 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2.06 x	1.35 x	1.11 x	0.9 x	0.81 x	0.85 x	0.81 x	0.76 x
Nbr of stocks (in thousands)	1,498,890	1,498,890	1,498,890	1,498,890	1,498,890	1,498,890	-	-
Reference price ²	13.90	9.940	9.050	7.990	7.710	8.610	8.610	8.610
Announcement Date	4/15/20	4/15/21	4/15/22	4/20/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	5,311	3,414	3,917	4,742	3,657	3,530	3,481	3,536
EBITDA ¹	2,019	2,212	2,666	3,006	2,054	2,218	2,218	2,310
EBIT ¹	1,900	2,080	2,513	2,848	1,897	1,959	1,908	1,944
Operating Margin	35.78%	60.91%	64.16%	60.06%	51.88%	55.5%	54.83%	54.99%
Earnings before Tax (EBT) ¹	1,901	2,078	2,514	2,852	2,012	1,999	1,961	2,014
Net income ¹	1,084	1,307	1,522	1,608	1,362	1,310	1,264	1,306
Net margin	20.4%	38.3%	38.85%	33.91%	37.25%	37.12%	36.31%	36.93%
EPS ²	0.8000	0.8700	1.020	1.070	0.9100	0.8750	0.8400	0.8700
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	4/15/20	4/15/21	4/15/22	4/20/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	13.2%	12.4%	13.1%	12.6%	9.91%	7.95%	7.4%	7.22%
ROA (Net income/ Total Assets)	-	-	-	-	-	3.3%	2.9%	2.7%
Assets ¹	-	-	-	-	-	39,697	43,586	48,370
Book Value Per Share ²	6.760	7.370	8.120	8.900	9.490	10.10	10.70	11.30
Cash Flow per Share ²	-1.120	-0.5600	0.2500	0.7800	1.180	0.9000	0.2100	0.9000
Capex ¹	712	811	927	724	951	237	203	230
Capex / Sales	13.4%	23.75%	23.68%	15.26%	26.01%	6.71%	5.82%	6.5%
Announcement Date	4/15/20	4/15/21	4/15/22	4/20/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8.61 CNY

Average target price

10.37 CNY

Spread / Average Target

+20.44%

	1st Jan change	Capi.
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