Financials Guangxi Wuzhou Zhongheng Group Co.,Ltd

Equities

600252

CNE0000015F9

Pharmaceuticals

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
2.35 CNY +2.17% Intraday chart for Guangxi Wuzhou Zhongheng Group Co.,Ltd +4.91% -6.37%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,931 11,232 10,515 13,221 9,104 8,647
Enterprise Value (EV) 1 5,771 8,599 8,847 10,342 6,868 6,343
P/E ratio 14.6 x 15.2 x 19.2 x 43.1 x 114 x 102 x
Yield 2.33% 1.84% 2.8% 0.7% 0.38% 0.4%
Capitalization / Revenue 2.71 x 2.94 x 2.86 x 4.18 x 3.35 x 2.79 x
EV / Revenue 1.75 x 2.25 x 2.41 x 3.27 x 2.53 x 2.05 x
EV / EBITDA 9.17 x 12 x 17.6 x 41.7 x 42 x 35.1 x
EV / FCF 19.3 x 30.2 x -16.8 x -11.8 x -26.8 x -121 x
FCF Yield 5.19% 3.31% -5.94% -8.5% -3.73% -0.83%
Price to Book 1.51 x 1.75 x 1.54 x 2 x 1.4 x 1.31 x
Nbr of stocks (in thousands) 3,475,107 3,445,387 3,425,209 3,425,209 3,461,584 3,445,116
Reference price 2 2.570 3.260 3.070 3.860 2.630 2.510
Announcement Date 4/2/19 3/25/20 3/30/21 4/17/22 3/28/23 3/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,299 3,814 3,676 3,162 2,714 3,097
EBITDA 1 629.3 718.9 502.9 247.7 163.7 180.6
EBIT 1 538.3 622 328 65.39 -15.87 -1.599
Operating Margin 16.32% 16.31% 8.92% 2.07% -0.58% -0.05%
Earnings before Tax (EBT) 1 704.9 903.6 321.3 231.5 63.81 82.68
Net income 1 613.4 745 562.8 306.9 79.03 84.31
Net margin 18.59% 19.53% 15.31% 9.71% 2.91% 2.72%
EPS 2 0.1765 0.2150 0.1600 0.0896 0.0231 0.0246
Free Cash Flow 1 299.6 284.7 -525.7 -879.4 -256.1 -52.41
FCF margin 9.08% 7.47% -14.3% -27.81% -9.44% -1.69%
FCF Conversion (EBITDA) 47.62% 39.61% - - - -
FCF Conversion (Net income) 48.85% 38.22% - - - -
Dividend per Share 2 0.0600 0.0600 0.0860 0.0270 0.0100 0.0100
Announcement Date 4/2/19 3/25/20 3/30/21 4/17/22 3/28/23 3/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 3,160 2,633 1,668 2,879 2,236 2,305
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 300 285 -526 -879 -256 -52.4
ROE (net income / shareholders' equity) 10.6% 12.1% 3.23% 2.05% 0.15% 0.37%
ROA (Net income/ Total Assets) 4.77% 5.16% 2.07% 0.34% -0.08% -0.01%
Assets 1 12,856 14,443 27,191 89,637 -94,190 -991,868
Book Value Per Share 2 1.710 1.870 2.000 1.930 1.880 1.910
Cash Flow per Share 2 0.6800 0.8000 1.040 0.9000 1.020 0.8600
Capex 1 211 160 167 297 202 167
Capex / Sales 6.39% 4.2% 4.54% 9.4% 7.43% 5.39%
Announcement Date 4/2/19 3/25/20 3/30/21 4/17/22 3/28/23 3/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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