Financials Henan Shuanghui Investment & Development Co.,Ltd.

Equities

000895

CNE000000XM3

Food Processing

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
27 CNY -1.46% Intraday chart for Henan Shuanghui Investment & Development Co.,Ltd. -2.10% +1.09%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 96,359 162,631 109,310 89,839 92,541 93,546 - -
Enterprise Value (EV) 1 96,265 156,544 103,835 87,311 96,718 92,816 87,584 87,624
P/E ratio 17.7 x 25.2 x 22.5 x 16 x 18.3 x 17 x 15.5 x 14.9 x
Yield 3.44% 3.58% 4.11% 3.86% 2.62% 4.46% 5.8% 6.11%
Capitalization / Revenue 1.6 x 2.2 x 1.64 x 1.44 x 1.55 x 1.5 x 1.37 x 1.34 x
EV / Revenue 1.6 x 2.12 x 1.56 x 1.4 x 1.61 x 1.49 x 1.28 x 1.25 x
EV / EBITDA 12.3 x 17.4 x 14.3 x 10.4 x 11.8 x 11.4 x 9.78 x 9.54 x
EV / FCF 25.6 x 20.4 x 49.1 x 20.9 x 96.9 x 10.5 x 16.3 x 19.3 x
FCF Yield 3.91% 4.91% 2.04% 4.79% 1.03% 9.5% 6.12% 5.19%
Price to Book 5.84 x 6.84 x 4.79 x 4.11 x 4.44 x 4.22 x 3.95 x 3.61 x
Nbr of stocks (in thousands) 3,319,282 3,464,661 3,464,661 3,464,661 3,464,661 3,464,661 - -
Reference price 2 29.03 46.94 31.55 25.93 26.71 27.00 27.00 27.00
Announcement Date 3/24/20 3/30/21 3/28/22 3/28/23 3/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 60,310 73,863 66,682 62,576 59,893 62,309 68,382 69,917
EBITDA 1 7,824 8,984 7,259 8,407 8,172 8,132 8,958 9,189
EBIT 1 6,852 8,004 6,239 7,141 6,637 7,003 7,727 8,087
Operating Margin 11.36% 10.84% 9.36% 11.41% 11.08% 11.24% 11.3% 11.57%
Earnings before Tax (EBT) 1 6,838 7,973 6,216 7,160 6,645 7,137 7,914 8,194
Net income 1 5,438 6,256 4,866 5,621 5,053 5,489 6,042 6,293
Net margin 9.02% 8.47% 7.3% 8.98% 8.44% 8.81% 8.84% 9%
EPS 2 1.638 1.864 1.404 1.622 1.458 1.584 1.743 1.816
Free Cash Flow 1 3,765 7,685 2,115 4,181 998.3 8,818 5,362 4,548
FCF margin 6.24% 10.4% 3.17% 6.68% 1.67% 14.15% 7.84% 6.5%
FCF Conversion (EBITDA) 48.12% 85.54% 29.14% 49.74% 12.22% 108.44% 59.85% 49.49%
FCF Conversion (Net income) 69.24% 122.84% 43.47% 74.39% 19.76% 160.66% 88.74% 72.27%
Dividend per Share 2 1.000 1.680 1.298 1.000 0.7000 1.203 1.567 1.649
Announcement Date 3/24/20 3/30/21 3/28/22 3/28/23 3/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 15,724 13,762 14,140 16,631 18,042 15,666 14,761 15,766 13,700 14,269 13,507 16,594 18,369 - -
EBITDA - - 1,929 2,185 - - - - - - - - - - -
EBIT 1 1,926 1,904 1,564 1,681 1,992 1,936 1,730 1,949 1,023 1,751 1,403 2,009 1,856 - -
Operating Margin 12.25% 13.83% 11.06% 10.11% 11.04% 12.36% 11.72% 12.36% 7.47% 12.27% 10.39% 12.11% 10.1% - -
Earnings before Tax (EBT) 1 1,923 - 1,578 1,686 1,991 1,941 1,732 1,942 1,030 1,750 1,237 2,176 2,079 - -
Net income 1 1,413 - 1,270 1,335 1,555 1,488 1,349 1,491 725.5 1,272 865.7 1,656 1,666 - -
Net margin 8.99% - 8.98% 8.03% 8.62% 9.5% 9.14% 9.45% 5.3% 8.91% 6.41% 9.98% 9.07% - -
EPS 2 0.4000 0.4215 0.3700 0.3800 0.4500 0.4295 0.3900 0.4300 0.2100 0.3671 0.3499 0.4889 0.4205 - -
Dividend per Share 2 1.298 0.3000 - - - - - - - - - - 1.533 - -
Announcement Date 3/28/22 4/26/22 8/16/22 10/25/22 3/28/23 4/25/23 8/15/23 10/24/23 3/26/24 4/22/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 4,177 - - -
Net Cash position 1 93.7 6,087 5,475 2,528 - 730 5,962 5,922
Leverage (Debt/EBITDA) - - - - 0.5111 x - - -
Free Cash Flow 1 3,765 7,685 2,115 4,181 998 8,818 5,362 4,548
ROE (net income / shareholders' equity) 37.4% 32.9% 20.9% 25.4% 23.8% 26% 26.8% 26.1%
ROA (Net income/ Total Assets) 21.1% 19.8% 14.2% - - 14.3% 16.2% 15.6%
Assets 1 25,749 31,669 34,340 - - 38,517 37,399 40,469
Book Value Per Share 2 4.970 6.860 6.580 6.310 6.020 6.400 6.840 7.480
Cash Flow per Share 2 1.330 2.550 1.740 2.180 0.9800 2.220 2.060 2.970
Capex 1 659 1,137 3,933 3,384 2,389 1,947 1,667 2,363
Capex / Sales 1.09% 1.54% 5.9% 5.41% 3.99% 3.13% 2.44% 3.38%
Announcement Date 3/24/20 3/30/21 3/28/22 3/28/23 3/26/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
27 CNY
Average target price
28.82 CNY
Spread / Average Target
+6.75%
Consensus
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