HUAFON MICROFIBRE (SHANGHAI) CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.02 CNY | -7.37% |
|
+11.05% | -9.05% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 12,665 | 15,061 | 10,408 | 8,858 | 6,798 | 7,784 |
| Enterprise Value (EV) 1 | 13,668 | 16,660 | 11,501 | 9,849 | 8,514 | 9,551 |
| P/E ratio | 42.9 x | 98.2 x | -21.1 x | 126 x | -19.3 x | -34 x |
| Yield | 0.31% | 0.23% | - | - | - | - |
| Capitalization / Revenue | 4.13 x | 4.65 x | 3.23 x | 2.14 x | 1.6 x | 1.7 x |
| EV / Revenue | 4.46 x | 5.14 x | 3.57 x | 2.38 x | 2.01 x | 2.08 x |
| EV / EBITDA | 21.1 x | 24.2 x | 16.6 x | 15 x | 19.2 x | 30.2 x |
| EV / FCF | -26.8 x | -37.6 x | -20 x | -88.4 x | -124 x | 81.9 x |
| FCF Yield | -3.73% | -2.66% | -5% | -1.13% | -0.81% | 1.22% |
| Price to Book | 2.47 x | 2.87 x | 2.05 x | 1.72 x | 1.43 x | 1.71 x |
| Nbr of stocks (in thousands) | 1,703,754 | 1,703,754 | 1,761,060 | 1,761,060 | 1,761,060 | 1,761,060 |
| Reference price 2 | 7.433 | 8.840 | 5.910 | 5.030 | 3.860 | 4.420 |
| Announcement Date | 4/26/19 | 4/27/20 | 4/26/21 | 4/25/22 | 4/25/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,065 | 3,240 | 3,219 | 4,142 | 4,239 | 4,587 |
| EBITDA 1 | 648.5 | 688.3 | 691.7 | 654.8 | 443.2 | 316.4 |
| EBIT 1 | 376.3 | 347 | 321 | 238.8 | 4.144 | -141.6 |
| Operating Margin | 12.28% | 10.71% | 9.97% | 5.76% | 0.1% | -3.09% |
| Earnings before Tax (EBT) 1 | 370.6 | 181.9 | -452.1 | 66.51 | -374.4 | -257.7 |
| Net income 1 | 295.4 | 158.4 | -483.9 | 62.7 | -354.3 | -231.4 |
| Net margin | 9.64% | 4.89% | -15.03% | 1.51% | -8.36% | -5.04% |
| EPS 2 | 0.1733 | 0.0900 | -0.2800 | 0.0400 | -0.2000 | -0.1300 |
| Free Cash Flow 1 | -509.8 | -443.5 | -574.7 | -111.5 | -68.93 | 116.7 |
| FCF margin | -16.63% | -13.69% | -17.85% | -2.69% | -1.63% | 2.54% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 36.88% |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0233 | 0.0200 | - | - | - | - |
| Announcement Date | 4/26/19 | 4/27/20 | 4/26/21 | 4/25/22 | 4/25/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,004 | 1,599 | 1,093 | 991 | 1,716 | 1,767 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.548 x | 2.323 x | 1.58 x | 1.514 x | 3.872 x | 5.585 x |
| Free Cash Flow 1 | -510 | -443 | -575 | -111 | -68.9 | 117 |
| ROE (net income / shareholders' equity) | 6.03% | 3.05% | -9.37% | 1.21% | -7.18% | -4.95% |
| ROA (Net income/ Total Assets) | 3.32% | 2.72% | 2.44% | 1.82% | 0.03% | -1.14% |
| Assets 1 | 8,894 | 5,817 | -19,833 | 3,450 | -1,121,128 | 20,351 |
| Book Value Per Share 2 | 3.010 | 3.080 | 2.880 | 2.920 | 2.700 | 2.590 |
| Cash Flow per Share 2 | 0.1900 | 0.1500 | 0.2000 | 0.2700 | 0.2400 | 0.2500 |
| Capex 1 | 684 | 946 | 879 | 580 | 247 | 106 |
| Capex / Sales | 22.3% | 29.2% | 27.32% | 14% | 5.82% | 2.3% |
| Announcement Date | 4/26/19 | 4/27/20 | 4/26/21 | 4/25/22 | 4/25/23 | 4/23/24 |
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. | |
|---|---|---|
| -9.05% | 978M | |
| +21.31% | 5.58B | |
| -8.99% | 4.55B | |
| -2.51% | 3.6B | |
| -0.50% | 2.11B | |
| -13.78% | 1.28B | |
| -7.02% | 927M | |
| -5.37% | 588M | |
| -25.35% | 453M | |
| -15.38% | 395M |
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- Financials Huafon Microfibre (Shanghai) Co., Ltd.
