Financials Yueyang Forest & Paper Co., Ltd.

Equities

600963

CNE000001HR3

Paper Products

End-of-day quote Shanghai S.E. 06:00:00 2024-05-06 pm EDT 5-day change 1st Jan Change
4.92 CNY -0.81% Intraday chart for Yueyang Forest & Paper Co., Ltd. +1.03% -16.47%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,055 7,396 13,904 9,615 10,384 8,710 - -
Enterprise Value (EV) 1 6,055 7,396 13,904 9,615 10,384 8,710 8,710 8,710
P/E ratio 19.3 x 18.2 x 46.4 x 15.6 x -45.3 x 21.4 x 15.2 x 14.1 x
Yield 1.06% 1.69% - - - 1.83% 2.44% 2.85%
Capitalization / Revenue 0.85 x 1.04 x - 0.98 x 1.2 x 1.03 x 0.77 x 0.73 x
EV / Revenue 0.85 x 1.04 x - 0.98 x 1.2 x 1.03 x 0.77 x 0.73 x
EV / EBITDA - - - 8.38 x - 8.19 x 6.55 x 6.01 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.75 x 0.88 x - 1.07 x 1.22 x 0.98 x 0.92 x 0.9 x
Nbr of stocks (in thousands) 1,776,925 1,765,053 1,764,453 1,764,213 1,763,010 1,770,370 - -
Reference price 2 3.408 4.190 7.880 5.450 5.890 4.920 4.920 4.920
Announcement Date 3/10/20 3/8/21 3/18/22 3/10/23 4/3/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,106 7,116 - 9,781 8,641 8,434 11,330 12,010
EBITDA 1 - - - 1,148 - 1,063 1,330 1,449
EBIT 1 417.2 507.5 - 735.1 - 536 723.8 735
Operating Margin 5.87% 7.13% - 7.52% - 6.36% 6.39% 6.12%
Earnings before Tax (EBT) 1 384.2 511.4 - 730.9 - 483.5 688.6 729
Net income 1 313.2 414.3 298.1 615.6 - 413.5 585.4 633
Net margin 4.41% 5.82% - 6.29% - 4.9% 5.17% 5.27%
EPS 2 0.1769 0.2300 0.1700 0.3500 -0.1300 0.2300 0.3233 0.3500
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0362 0.0710 - - - 0.0900 0.1200 0.1400
Announcement Date 3/10/20 3/8/21 3/18/22 3/10/23 4/3/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 3.79% 4.95% - 6.89% - 4.6% 6.07% 6.41%
ROA (Net income/ Total Assets) 2.06% - - - - 2.6% 3.06% 3.39%
Assets 1 15,206 - - - - 15,904 19,161 18,673
Book Value Per Share 2 4.550 4.740 - 5.100 4.820 5.040 5.380 5.480
Cash Flow per Share 2 0.3300 0.5500 - 0.4200 - 0.7800 0.2300 0.3000
Capex 1 143 358 - 260 909 799 582 592
Capex / Sales 2.02% 5.04% - 2.66% 10.52% 9.47% 5.13% 4.93%
Announcement Date 3/10/20 3/8/21 3/18/22 3/10/23 4/3/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
4.86 CNY
Average target price
5.6 CNY
Spread / Average Target
+15.23%
Consensus

Annual profits - Rate of surprise

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