Financials Keshun Waterproof Technolgies Co.,Ltd.

Equities

300737

CNE1000035W0

Construction Materials

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-14 pm EDT			5-day change	1st Jan Change
4.75 ^CNY	+3.71%		+5.56%	-22.64%

Apr. 29	Keshun Waterproof Technolgies Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 02	Tranche Update on Keshun Waterproof Technolgies Co.,Ltd.'s Equity Buyback Plan announced on October 27, 2023.	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	6,822	12,954	18,601	14,774	7,149	5,509	-	-
Enterprise Value (EV) ¹	6,822	12,954	17,955	14,852	9,165	4,680	4,667	5,509
P/E ratio	18.9 x	14.5 x	27.5 x	83.9 x	-21.2 x	21.8 x	11.3 x	11.5 x
Yield	-	0.7%	-	0.4%	-	1.61%	2.84%	2.53%
Capitalization / Revenue	1.47 x	2.08 x	2.39 x	1.93 x	0.9 x	0.65 x	0.54 x	0.54 x
EV / Revenue	1.47 x	2.08 x	2.31 x	1.94 x	1.15 x	0.56 x	0.46 x	0.54 x
EV / EBITDA	13.8 x	11.4 x	18.4 x	37.6 x	-47.3 x	6.77 x	4.56 x	5.1 x
EV / FCF	-	-	92.2 x	-178 x	-31.5 x	-42.9 x	30.3 x	14.1 x
FCF Yield	-	-	1.08%	-0.56%	-3.17%	-2.33%	3.3%	7.1%
Price to Book	2.18 x	3.16 x	3.77 x	2.64 x	1.42 x	1.05 x	0.91 x	0.92 x
Nbr of stocks (in thousands)	1,084,800	1,086,551	1,144,694	1,174,434	1,164,350	1,159,759	-	-
Reference price ²	6.289	11.92	16.25	12.58	6.140	4.750	4.750	4.750
Announcement Date	2/27/20	4/21/21	4/27/22	2/20/23	4/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,652	6,238	7,771	7,661	7,944	8,411	10,188	10,175
EBITDA ¹	493	1,134	974.1	395	-193.6	691.6	1,023	1,080
EBIT ¹	427.3	1,033	810.7	191.5	-442	310.3	607.7	571.7
Operating Margin	9.18%	16.56%	10.43%	2.5%	-5.56%	3.69%	5.96%	5.62%
Earnings before Tax (EBT) ¹	431.6	1,039	820.5	200.6	-429.5	338.3	709.3	583.7
Net income ¹	363.4	890.3	672.6	178.2	-337.6	257.4	495.8	488.2
Net margin	7.81%	14.27%	8.66%	2.33%	-4.25%	3.06%	4.87%	4.8%
EPS ²	0.3333	0.8222	0.5900	0.1500	-0.2900	0.2180	0.4200	0.4120
Free Cash Flow ¹	-	-	194.8	-83.48	-290.6	-109	154	391
FCF margin	-	-	2.51%	-1.09%	-3.66%	-1.3%	1.51%	3.84%
FCF Conversion (EBITDA)	-	-	20%	-	-	-	15.06%	36.22%
FCF Conversion (Net income)	-	-	28.96%	-	-	-	31.06%	80.08%
Dividend per Share ²	-	0.0833	-	0.0500	-	0.0767	0.1350	0.1200
Announcement Date	2/27/20	4/21/21	4/27/22	2/20/23	4/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1	2022 Q2	2022 S1
Net sales	-	-	-
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income ¹	99.05	145.4	244.5
Net margin	-	-	-
EPS	-	-	-
Dividend per Share	-	-	-
Announcement Date	4/27/22	8/29/22	8/29/22

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	77.8	2,016	-	-	-
Net Cash position ¹	-	-	647	-	-	829	842	-
Leverage (Debt/EBITDA)	-	-	-	0.1969 x	-10.41 x	-	-	-
Free Cash Flow ¹	-	-	195	-83.5	-291	-109	154	391
ROE (net income / shareholders' equity)	12%	24.5%	14.5%	3.31%	-6.34%	4.88%	8.01%	7.97%
ROA (Net income/ Total Assets)	6.66%	12.6%	7.1%	1.58%	-2.56%	1.97%	4.15%	3.54%
Assets ¹	5,458	7,071	9,469	11,255	13,210	13,064	11,948	13,792
Book Value Per Share ²	2.880	3.770	4.320	4.760	4.330	4.500	5.210	5.170
Cash Flow per Share ²	0.1600	0.5000	0.5300	0.2000	0.1600	0.1900	0.2300	0.3600
Capex ¹	502	595	416	319	482	387	443	528
Capex / Sales	10.8%	9.54%	5.36%	4.16%	6.07%	4.61%	4.34%	5.19%
Announcement Date	2/27/20	4/21/21	4/27/22	2/20/23	4/29/24	-	-	-

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

Ratings for Keshun Waterproof Technolgies Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.75 CNY

Average target price

5.88 CNY

Spread / Average Target

+23.79%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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