HENAN XINYE TEXTILE CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.46 CNY | -4.17% |
|
-23.33% | -77.00% |
| Apr. 19 | Industrial Bank Sues Xinye Textile Over 104 Million Yuan Debt | MT |
| 2023 | Henan Xinye Textile Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,754 | 2,883 | 2,916 | 3,471 | 2,940 | 2,573 |
| Enterprise Value (EV) 1 | 8,128 | 6,615 | 5,581 | 6,724 | 6,236 | 6,170 |
| P/E ratio | 16.3 x | 7.46 x | 10.4 x | 20.2 x | 60.1 x | -1.83 x |
| Yield | 0.69% | 1.42% | 0.84% | 0.54% | 0.22% | - |
| Capitalization / Revenue | 0.92 x | 0.48 x | 0.51 x | 0.71 x | 0.55 x | 0.75 x |
| EV / Revenue | 1.56 x | 1.09 x | 0.97 x | 1.38 x | 1.18 x | 1.79 x |
| EV / EBITDA | 10.9 x | 7.13 x | 6.67 x | 10.5 x | 10.5 x | -6.29 x |
| EV / FCF | -6.7 x | -17.6 x | 5.42 x | -10.6 x | 58 x | 21 x |
| FCF Yield | -14.9% | -5.68% | 18.5% | -9.41% | 1.72% | 4.76% |
| Price to Book | 1.46 x | 0.74 x | 0.71 x | 0.81 x | 0.68 x | 3.67 x |
| Nbr of stocks (in thousands) | 816,794 | 816,794 | 816,794 | 816,794 | 816,794 | 816,794 |
| Reference price 2 | 5.820 | 3.530 | 3.570 | 4.250 | 3.600 | 3.150 |
| Announcement Date | 4/9/18 | 4/8/19 | 4/24/20 | 4/21/21 | 4/28/22 | 4/28/23 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 5,195 | 6,060 | 5,732 | 4,866 | 5,303 | 3,441 |
| EBITDA 1 | 746.4 | 927.5 | 837.1 | 639.7 | 594.9 | -981.1 |
| EBIT 1 | 518.4 | 671.3 | 573.4 | 354.3 | 343.7 | -1,227 |
| Operating Margin | 9.98% | 11.08% | 10% | 7.28% | 6.48% | -35.66% |
| Earnings before Tax (EBT) 1 | 317.7 | 432.2 | 322.9 | 195.8 | 40.58 | -1,427 |
| Net income 1 | 292.2 | 386.5 | 279.4 | 172.2 | 48.95 | -1,409 |
| Net margin | 5.62% | 6.38% | 4.87% | 3.54% | 0.92% | -40.94% |
| EPS 2 | 0.3577 | 0.4731 | 0.3421 | 0.2108 | 0.0599 | -1.725 |
| Free Cash Flow 1 | -1,213 | -375.8 | 1,030 | -632.8 | 107.5 | 293.4 |
| FCF margin | -23.35% | -6.2% | 17.97% | -13% | 2.03% | 8.53% |
| FCF Conversion (EBITDA) | - | - | 123.07% | - | 18.07% | - |
| FCF Conversion (Net income) | - | - | 368.67% | - | 219.69% | - |
| Dividend per Share 2 | 0.0400 | 0.0500 | 0.0300 | 0.0230 | 0.008000 | - |
| Announcement Date | 4/9/18 | 4/8/19 | 4/24/20 | 4/21/21 | 4/28/22 | 4/28/23 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 3,375 | 3,731 | 2,665 | 3,252 | 3,295 | 3,597 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.521 x | 4.023 x | 3.183 x | 5.084 x | 5.539 x | -3.667 x |
| Free Cash Flow 1 | -1,213 | -376 | 1,030 | -633 | 108 | 293 |
| ROE (net income / shareholders' equity) | 9.42% | 10.7% | 6.88% | 3.96% | 1.06% | -99.9% |
| ROA (Net income/ Total Assets) | 3.8% | 4.44% | 3.71% | 2.24% | 2.07% | -10.1% |
| Assets 1 | 7,689 | 8,695 | 7,530 | 7,675 | 2,364 | 13,933 |
| Book Value Per Share 2 | 3.980 | 4.780 | 5.050 | 5.230 | 5.260 | 0.8600 |
| Cash Flow per Share 2 | 1.330 | 1.140 | 0.9600 | 1.050 | 1.020 | 0.5300 |
| Capex 1 | 845 | 246 | 78 | 180 | 71.7 | 6.95 |
| Capex / Sales | 16.26% | 4.07% | 1.36% | 3.69% | 1.35% | 0.2% |
| Announcement Date | 4/9/18 | 4/8/19 | 4/24/20 | 4/21/21 | 4/28/22 | 4/28/23 |
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. | |
|---|---|---|
| -77.00% | 54.1M | |
| -23.12% | 367M | |
| -13.50% | 348M | |
| +8.15% | 268M | |
| +108.81% | 110M | |
| -69.37% | 104M | |
| -8.66% | 91.35M | |
| -33.11% | 87.21M | |
| +67.85% | 85.36M | |
| +31.94% | 79.99M |
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