Financials Shanghai Shenqi Pharmaceutical Investment Management Co., Ltd.

Equities

600613

CNE000000453

Pharmaceuticals

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
6.53 CNY +1.08% Intraday chart for Shanghai Shenqi Pharmaceutical Investment Management Co., Ltd. +8.83% -14.19%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,657 3,770 2,500 3,291 4,220 3,902
Enterprise Value (EV) 1 2,487 3,620 2,366 3,110 3,850 3,419
P/E ratio 24.6 x 45.1 x -7.66 x 49.4 x 91.4 x 69.2 x
Yield - - - 1.56% 1.22% -
Capitalization / Revenue 1.43 x 1.96 x 1.37 x 1.43 x 1.77 x 1.67 x
EV / Revenue 1.34 x 1.88 x 1.3 x 1.35 x 1.61 x 1.46 x
EV / EBITDA 14.8 x 17.3 x -37.4 x 21.8 x 22.9 x 17.3 x
EV / FCF 41.8 x 12.9 x 11.7 x 54.1 x 16.3 x 26.1 x
FCF Yield 2.39% 7.77% 8.51% 1.85% 6.13% 3.83%
Price to Book 1.03 x 1.47 x 1.15 x 1.46 x 1.89 x 1.38 x
Nbr of stocks (in thousands) 534,072 534,072 534,072 534,072 534,072 534,072
Reference price 2 4.910 7.220 4.900 6.420 8.230 7.610
Announcement Date 4/29/19 4/29/20 4/29/21 4/29/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,853 1,928 1,819 2,303 2,389 2,341
EBITDA 1 168.3 209.6 -63.21 142.4 167.9 197.7
EBIT 1 120.7 154.4 -111.6 90.69 85.79 116.5
Operating Margin 6.51% 8.01% -6.13% 3.94% 3.59% 4.98%
Earnings before Tax (EBT) 1 125 108.3 -340.3 99.6 63.23 83.41
Net income 1 106.1 83.97 -341.2 69.62 48.48 57
Net margin 5.73% 4.36% -18.76% 3.02% 2.03% 2.43%
EPS 2 0.2000 0.1600 -0.6400 0.1300 0.0900 0.1100
Free Cash Flow 1 59.48 281.3 201.4 57.52 236 130.9
FCF margin 3.21% 14.59% 11.07% 2.5% 9.88% 5.59%
FCF Conversion (EBITDA) 35.34% 134.16% - 40.38% 140.56% 66.19%
FCF Conversion (Net income) 56.06% 334.92% - 82.61% 486.89% 229.58%
Dividend per Share - - - 0.1000 0.1000 -
Announcement Date 4/29/19 4/29/20 4/29/21 4/29/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 170 151 134 182 371 483
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 59.5 281 201 57.5 236 131
ROE (net income / shareholders' equity) 3.84% 3.06% -14.2% 2.88% 2.01% 2.45%
ROA (Net income/ Total Assets) 2.42% 2.89% -2.1% 1.81% 1.64% 2.19%
Assets 1 4,376 2,907 16,280 3,837 2,952 2,607
Book Value Per Share 2 4.760 4.900 4.260 4.390 4.360 5.510
Cash Flow per Share 2 0.3900 1.120 0.9000 0.9200 1.230 1.690
Capex 1 110 77 96.3 86 26.6 24.5
Capex / Sales 5.95% 3.99% 5.29% 3.73% 1.12% 1.05%
Announcement Date 4/29/19 4/29/20 4/29/21 4/29/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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