FUJIAN CEMENT INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.3 CNY | +1.85% |
|
+4.76% | -36.29% |
| Apr. 25 | Fujian Cement Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 25 | Fujian Cement Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,811 | 3,376 | 3,739 | 3,400 | 2,452 | 2,374 |
| Enterprise Value (EV) 1 | 3,481 | 4,010 | 4,645 | 4,292 | 3,737 | 3,925 |
| P/E ratio | 8.33 x | 7.23 x | 13.5 x | 8.53 x | -10.1 x | -7.36 x |
| Yield | 0.45% | 1.81% | 0.98% | 1.19% | - | - |
| Capitalization / Revenue | 0.95 x | 1.11 x | 1.26 x | 0.94 x | 0.95 x | 1.16 x |
| EV / Revenue | 1.18 x | 1.32 x | 1.57 x | 1.19 x | 1.44 x | 1.91 x |
| EV / EBITDA | 3.99 x | 3.99 x | 6.97 x | 5.73 x | -89.4 x | -54.5 x |
| EV / FCF | 4.71 x | 9.02 x | -96.6 x | -123 x | -19.2 x | -53.3 x |
| FCF Yield | 21.2% | 11.1% | -1.03% | -0.82% | -5.21% | -1.88% |
| Price to Book | 3.29 x | 2.42 x | 2.25 x | 1.76 x | 1.6 x | 2.04 x |
| Nbr of stocks (in thousands) | 458,248 | 458,248 | 458,248 | 458,248 | 458,248 | 458,248 |
| Reference price 2 | 6.133 | 7.367 | 8.160 | 7.420 | 5.350 | 5.180 |
| Announcement Date | 4/22/19 | 4/20/20 | 4/19/21 | 4/28/22 | 4/26/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,947 | 3,044 | 2,960 | 3,617 | 2,591 | 2,051 |
| EBITDA 1 | 873.4 | 1,006 | 666.4 | 748.9 | -41.8 | -72.04 |
| EBIT 1 | 655.8 | 806.5 | 461.1 | 503.6 | -318.2 | -323.8 |
| Operating Margin | 22.25% | 26.5% | 15.58% | 13.92% | -12.28% | -15.79% |
| Earnings before Tax (EBT) 1 | 513.5 | 657 | 407.7 | 486.7 | -373 | -439.1 |
| Net income 1 | 337.5 | 466.9 | 277.9 | 398.5 | -242.6 | -322.6 |
| Net margin | 11.45% | 15.34% | 9.39% | 11.02% | -9.37% | -15.73% |
| EPS 2 | 0.7367 | 1.019 | 0.6060 | 0.8700 | -0.5300 | -0.7040 |
| Free Cash Flow 1 | 739.3 | 444.6 | -48.06 | -34.99 | -194.8 | -73.6 |
| FCF margin | 25.08% | 14.61% | -1.62% | -0.97% | -7.52% | -3.59% |
| FCF Conversion (EBITDA) | 84.64% | 44.21% | - | - | - | - |
| FCF Conversion (Net income) | 219.04% | 95.22% | - | - | - | - |
| Dividend per Share 2 | 0.0275 | 0.1333 | 0.0800 | 0.0880 | - | - |
| Announcement Date | 4/22/19 | 4/20/20 | 4/19/21 | 4/28/22 | 4/26/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 670 | 635 | 906 | 892 | 1,286 | 1,552 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.7673 x | 0.6309 x | 1.359 x | 1.191 x | -30.76 x | -21.54 x |
| Free Cash Flow 1 | 739 | 445 | -48.1 | -35 | -195 | -73.6 |
| ROE (net income / shareholders' equity) | 33.8% | 34.9% | 18.5% | 19.7% | -16.8% | -27.8% |
| ROA (Net income/ Total Assets) | 10.2% | 12.7% | 6.83% | 6.87% | -4.5% | -5.02% |
| Assets 1 | 3,325 | 3,676 | 4,070 | 5,797 | 5,393 | 6,424 |
| Book Value Per Share 2 | 1.870 | 3.040 | 3.630 | 4.210 | 3.350 | 2.540 |
| Cash Flow per Share 2 | 1.530 | 1.390 | 0.9900 | 0.5700 | 0.2000 | 0.2500 |
| Capex 1 | 50.9 | 129 | 621 | 349 | 187 | 127 |
| Capex / Sales | 1.73% | 4.25% | 20.97% | 9.64% | 7.23% | 6.21% |
| Announcement Date | 4/22/19 | 4/20/20 | 4/19/21 | 4/28/22 | 4/26/23 | 4/25/24 |
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. | |
|---|---|---|
| -36.29% | 209M | |
| +20.42% | 48.58B | |
| -3.74% | 15.52B | |
| +3.55% | 15.46B | |
| -15.73% | 10.44B | |
| +27.00% | 8.84B | |
| +105.28% | 8.27B | |
| -0.30% | 7.96B | |
| -8.75% | 7.34B | |
| +24.04% | 6.73B |
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