Financials Fujian Septwolves Industry Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
5.77 ^CNY	+0.87%		+3.96%	+0.70%

Apr. 26	Fujian Septwolves Industry Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 03	Fujian Septwolves Industry Co., Ltd. Proposes Final Cash Dividend for the Year 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,421	3,845	4,357	3,906	4,040	4,068	-	-
Enterprise Value (EV) ¹	4,421	3,845	4,357	3,906	4,040	4,068	4,068	4,068
P/E ratio	12.7 x	18.8 x	19.3 x	26.4 x	15.1 x	14.8 x	13.1 x	12 x
Yield	1.71%	1.9%	1.62%	-	2.09%	1.73%	-	-
Capitalization / Revenue	1.22 x	1.15 x	1.24 x	-	1.17 x	1.1 x	1.03 x	0.96 x
EV / Revenue	1.22 x	1.15 x	1.24 x	-	1.17 x	1.1 x	1.03 x	0.96 x
EV / EBITDA	6.82 x	7.87 x	8.1 x	-	6.97 x	12.1 x	10.1 x	8.64 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.74 x	0.66 x	0.73 x	-	0.67 x	0.66 x	0.63 x	0.61 x
Nbr of stocks (in thousands)	755,670	732,414	705,024	705,024	705,024	705,024	-	-
Reference price ²	5.850	5.250	6.180	5.540	5.730	5.770	5.770	5.770
Announcement Date	2/27/20	4/1/21	4/1/22	4/3/23	4/2/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,623	3,330	3,514	-	3,445	3,682	3,941	4,232
EBITDA ¹	648.4	488.6	538.1	-	579.5	337	403	471
EBIT ¹	420.5	246	318.5	-	373	416	457	492
Operating Margin	11.61%	7.39%	9.06%	-	10.83%	11.3%	11.6%	11.63%
Earnings before Tax (EBT) ¹	431.2	258.2	329	-	384.7	426	467	502
Net income ¹	347.3	209	231.2	150.6	270.1	297	335	361
Net margin	9.59%	6.27%	6.58%	-	7.84%	8.07%	8.5%	8.53%
EPS ²	0.4600	0.2800	0.3200	0.2100	0.3800	0.3900	0.4400	0.4800
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1000	0.1000	0.1000	-	0.1200	0.1000	-	-
Announcement Date	2/27/20	4/1/21	4/1/22	4/3/23	4/2/24	-	-	-

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)	5.92%	3.46%	3.97%	-	4.28%	4.5%	4.9%	5.1%
ROA (Net income/ Total Assets)	3.9%	2.26%	2.35%	-	-	2.6%	2.8%	2.9%
Assets ¹	8,912	9,259	9,838	-	-	11,423	11,964	12,448
Book Value Per Share ²	7.940	7.920	8.520	-	8.510	8.780	9.090	9.420
Cash Flow per Share ²	0.4300	0.7700	0.7500	-	0.5100	1.150	-	-
Capex ¹	136	116	110	-	153	200	150	200
Capex / Sales	3.75%	3.48%	3.14%	-	4.45%	5.43%	3.81%	4.73%
Announcement Date	2/27/20	4/1/21	4/1/22	4/3/23	4/2/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5.77 CNY

Average target price

6.25 CNY

Spread / Average Target

+8.32%

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