Financials Zhejiang Hailide New Material Co.,Ltd

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-15 pm EDT			5-day change	1st Jan Change
4.53 ^CNY	-0.22%		-0.22%	-9.76%

Apr. 29	Zhejiang Hailide New Material Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 15	Zhejiang Hailide New Material Co.,Ltd Proposes Final Dividend for the Year 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,344	4,530	10,288	6,972	5,569	5,026	-	-
Enterprise Value (EV) ¹	4,344	4,530	10,288	6,972	5,569	5,026	5,026	5,026
P/E ratio	13.4 x	18.6 x	17.8 x	20.6 x	16.7 x	11.9 x	10.5 x	9.78 x
Yield	2.67%	5.12%	1.13%	-	2.99%	3.75%	3.86%	4.08%
Capitalization / Revenue	1.08 x	1.28 x	2.03 x	-	0.99 x	0.84 x	0.8 x	0.76 x
EV / Revenue	1.08 x	1.28 x	2.03 x	-	0.99 x	0.84 x	0.8 x	0.76 x
EV / EBITDA	-	-	10.7 x	-	7.14 x	5.49 x	5.04 x	4.73 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.64 x	1.65 x	3.34 x	-	1.58 x	1.33 x	1.23 x	1.14 x
Nbr of stocks (in thousands)	1,158,507	1,158,507	1,158,507	1,167,757	1,109,431	1,109,431	-	-
Reference price ²	3.750	3.910	8.880	5.970	5.020	4.530	4.530	4.530
Announcement Date	2/28/20	2/17/21	3/9/22	3/30/23	4/14/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,014	3,538	5,067	-	5,622	5,985	6,296	6,575
EBITDA ¹	-	-	965.5	-	780.1	915.3	997.3	1,062
EBIT ¹	384.6	305.5	643.2	-	402	507.7	578	628.3
Operating Margin	9.58%	8.64%	12.69%	-	7.15%	8.48%	9.18%	9.56%
Earnings before Tax (EBT) ¹	383.2	305	643.5	-	401.2	506.7	576.7	627.3
Net income ¹	327.1	252.6	575	332.1	349.2	441.9	500.9	542.3
Net margin	8.15%	7.14%	11.35%	-	6.21%	7.38%	7.96%	8.25%
EPS ²	0.2800	0.2100	0.5000	0.2900	0.3000	0.3800	0.4300	0.4633
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1000	0.2000	0.1000	-	0.1500	0.1700	0.1750	0.1850
Announcement Date	2/28/20	2/17/21	3/9/22	3/30/23	4/14/24	-	-	-

¹CNY in Million²CNY

Estimates

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)	11.7%	8.7%	19%	-	9.77%	11.1%	11.7%	11.7%
ROA (Net income/ Total Assets)	6.27%	4.43%	8.55%	-	-	6.01%	6.67%	6.88%
Assets ¹	5,218	5,703	6,727	-	-	7,349	7,509	7,879
Book Value Per Share ²	2.290	2.370	2.660	-	3.170	3.410	3.680	3.970
Cash Flow per Share ²	0.5900	0.3100	0.1500	-	0.6900	0.7800	0.8300	0.8900
Capex ¹	494	690	515	-	184	506	603	609
Capex / Sales	12.31%	19.52%	10.16%	-	3.28%	8.45%	9.58%	9.25%
Announcement Date	2/28/20	2/17/21	3/9/22	3/30/23	4/14/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.54 CNY

Average target price

5.66 CNY

Spread / Average Target

+24.67%

	1st Jan change	Capi.
ZHEJIANG HAILIDE NEW MATERIAL CO.,LTD	-9.76%	697M
AIR LIQUIDE	+5.09%	106B
SABIC	-3.11%	63.67B
PT CHANDRA ASRI PACIFIC TBK	+74.29%	49.32B
WANHUA CHEMICAL GROUP CO., LTD.	+15.53%	38.56B
LYONDELLBASELL INDUSTRIES N.V.	+5.21%	32.65B
WESTLAKE CORPORATION	+11.20%	20.08B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+13.07%	17.01B
HENGLI PETROCHEMICAL CO.,LTD.	+18.38%	15.41B
RONGSHENG PETROCHEMICAL CO., LTD.	+4.83%	14.41B