Financials Shanghai Smith Adhesive New Material Co.,Ltd

Equities

603683

CNE100002V77

Specialty Chemicals

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
9.21 CNY +3.48% Intraday chart for Shanghai Smith Adhesive New Material Co.,Ltd +12.32% -18.21%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,752 1,720 1,618 2,522 1,724 2,914
Enterprise Value (EV) 1 1,842 1,955 1,796 2,750 1,958 3,015
P/E ratio 76.9 x 452 x 10.4 x 76.5 x 265 x 46.9 x
Yield 0.36% 0.87% 0.39% 0.4% 1.16% -
Capitalization / Revenue 1.99 x 1.85 x 1.56 x 1.81 x 1.22 x 1.87 x
EV / Revenue 2.09 x 2.1 x 1.73 x 1.97 x 1.38 x 1.93 x
EV / EBITDA 31.6 x 53.7 x 15.1 x 23.2 x 17.5 x 18.5 x
EV / FCF -9.18 x -55.2 x -30.7 x -47.2 x -70.9 x -60.1 x
FCF Yield -10.9% -1.81% -3.26% -2.12% -1.41% -1.66%
Price to Book 2.21 x 2.18 x 1.8 x 2.62 x 1.78 x 2.62 x
Nbr of stocks (in thousands) 212,806 212,806 212,806 219,755 217,155 258,791
Reference price 2 8.232 8.083 7.601 11.48 7.940 11.26
Announcement Date 4/17/19 4/27/20 4/19/21 3/30/22 4/28/23 4/24/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 880.9 931.4 1,039 1,395 1,414 1,559
EBITDA 1 58.37 36.37 118.9 118.8 111.7 162.7
EBIT 1 29.35 -5.067 69.01 58.13 51.85 93.99
Operating Margin 3.33% -0.54% 6.64% 4.17% 3.67% 6.03%
Earnings before Tax (EBT) 1 26.42 -7.573 187.7 37.33 22.53 66.77
Net income 1 22.97 3.47 155.5 31.68 5.815 56.57
Net margin 2.61% 0.37% 14.97% 2.27% 0.41% 3.63%
EPS 2 0.1071 0.0179 0.7321 0.1500 0.0300 0.2400
Free Cash Flow 1 -200.8 -35.4 -58.52 -58.28 -27.62 -50.17
FCF margin -22.79% -3.8% -5.63% -4.18% -1.95% -3.22%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0298 0.0705 0.0298 0.0458 0.0920 -
Announcement Date 4/17/19 4/27/20 4/19/21 3/30/22 4/28/23 4/24/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 90.6 234 178 228 234 101
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.552 x 6.445 x 1.501 x 1.921 x 2.094 x 0.6216 x
Free Cash Flow 1 -201 -35.4 -58.5 -58.3 -27.6 -50.2
ROE (net income / shareholders' equity) 3.18% 0.42% 17.1% 3.34% 2.76% 5.86%
ROA (Net income/ Total Assets) 1.47% -0.22% 2.73% 2.13% 1.8% 2.96%
Assets 1 1,557 -1,555 5,701 1,488 323.1 1,910
Book Value Per Share 2 3.720 3.720 4.230 4.390 4.460 4.300
Cash Flow per Share 2 0.7400 0.7900 1.130 0.9700 0.8800 0.9500
Capex 1 161 207 76.5 111 97.5 153
Capex / Sales 18.25% 22.27% 7.36% 7.95% 6.89% 9.81%
Announcement Date 4/17/19 4/27/20 4/19/21 3/30/22 4/28/23 4/24/24
1CNY in Million2CNY
Estimates
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