Financials Longxing Chemical Stock Co., Ltd.

Equities

002442

CNE100000R00

Tires & Rubber Products

End-of-day quote Shenzhen S.E. 06:00:00 2024-05-16 pm EDT 5-day change 1st Jan Change
5.28 CNY +0.76% Intraday chart for Longxing Chemical Stock Co., Ltd. +6.67% -23.14%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,629 2,717 2,122 3,161 2,484 3,372
Enterprise Value (EV) 1 4,166 3,043 2,552 3,733 3,194 4,480
P/E ratio 27.3 x 142 x 27.4 x 18 x 23.5 x 30.2 x
Yield 1.32% - - 1.55% - -
Capitalization / Revenue 1.18 x 0.97 x 0.92 x 0.92 x 0.54 x 0.79 x
EV / Revenue 1.35 x 1.08 x 1.11 x 1.09 x 0.7 x 1.05 x
EV / EBITDA 13.1 x 16.3 x 8.59 x 9.81 x 12.7 x 15.3 x
EV / FCF 36.8 x 210 x -20.1 x -20.1 x -22.8 x -10.6 x
FCF Yield 2.71% 0.48% -4.98% -4.97% -4.38% -9.46%
Price to Book 2.87 x 2.2 x 1.61 x 2.1 x 1.56 x 1.95 x
Nbr of stocks (in thousands) 480,000 480,000 480,000 490,820 490,820 490,820
Reference price 2 7.560 5.660 4.420 6.440 5.060 6.870
Announcement Date 2/14/19 4/9/20 4/19/21 4/14/22 4/17/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,086 2,806 2,296 3,439 4,560 4,272
EBITDA 1 318.1 186.9 297 380.4 251.3 293.6
EBIT 1 194.9 62.16 169.5 259.5 144.2 196.8
Operating Margin 6.32% 2.22% 7.38% 7.55% 3.16% 4.61%
Earnings before Tax (EBT) 1 154.1 22.96 97.31 195.1 114 126.3
Net income 1 132.7 19.22 77.46 171.6 103.7 110.4
Net margin 4.3% 0.69% 3.37% 4.99% 2.27% 2.58%
EPS 2 0.2765 0.0400 0.1614 0.3576 0.2152 0.2276
Free Cash Flow 1 113.1 14.51 -127.2 -185.4 -140 -423.9
FCF margin 3.66% 0.52% -5.54% -5.39% -3.07% -9.92%
FCF Conversion (EBITDA) 35.55% 7.76% - - - -
FCF Conversion (Net income) 85.2% 75.47% - - - -
Dividend per Share 2 0.1000 - - 0.1000 - -
Announcement Date 2/14/19 4/9/20 4/19/21 4/14/22 4/17/23 4/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 538 326 431 572 710 1,108
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.69 x 1.743 x 1.45 x 1.505 x 2.826 x 3.773 x
Free Cash Flow 1 113 14.5 -127 -185 -140 -424
ROE (net income / shareholders' equity) 11.1% 1.54% 6.07% 12.2% 6.7% 6.67%
ROA (Net income/ Total Assets) 4.14% 1.39% 4.09% 6.11% 2.92% 3.42%
Assets 1 3,206 1,379 1,893 2,811 3,552 3,224
Book Value Per Share 2 2.640 2.580 2.740 3.070 3.240 3.520
Cash Flow per Share 2 0.6600 0.8200 0.6400 0.3200 0.5600 0.8200
Capex 1 88.3 115 26 39.6 162 415
Capex / Sales 2.86% 4.11% 1.13% 1.15% 3.54% 9.72%
Announcement Date 2/14/19 4/9/20 4/19/21 4/14/22 4/17/23 4/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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