End-of-day quote
Shanghai S.E.
06:00:00 2024-06-06 pm EDT
|
5-day change
|
1st Jan Change
|
30.1
CNY
|
+0.10%
|
|
-1.57%
|
-14.44%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
25,275
|
42,086
|
50,271
|
39,295
|
30,563
|
25,818
|
-
|
-
|
Enterprise Value (EV)
1 |
26,893
|
43,508
|
52,636
|
42,281
|
34,794
|
30,013
|
29,430
|
29,193
|
P/E ratio
|
28
x
|
30.7
x
|
38
x
|
28.9
x
|
23.9
x
|
19.5
x
|
16.3
x
|
14.9
x
|
Yield
|
1.3%
|
0.98%
|
0.83%
|
1.11%
|
1.42%
|
1.85%
|
2.35%
|
2.1%
|
Capitalization / Revenue
|
3.3
x
|
4.71
x
|
4.71
x
|
3.06
x
|
2.25
x
|
1.68
x
|
1.5
x
|
1.36
x
|
EV / Revenue
|
3.51
x
|
4.87
x
|
4.93
x
|
3.29
x
|
2.56
x
|
1.96
x
|
1.71
x
|
1.54
x
|
EV / EBITDA
|
17.1
x
|
20.4
x
|
25.7
x
|
19.3
x
|
15.5
x
|
12.7
x
|
11
x
|
9.95
x
|
EV / FCF
|
55.9
x
|
39.8
x
|
-79.8
x
|
-29.3
x
|
-90.4
x
|
1,305
x
|
43.4
x
|
35.9
x
|
FCF Yield
|
1.79%
|
2.51%
|
-1.25%
|
-3.41%
|
-1.11%
|
0.08%
|
2.31%
|
2.78%
|
Price to Book
|
5.02
x
|
7.15
x
|
7.26
x
|
4.24
x
|
3.03
x
|
2.35
x
|
2.08
x
|
1.9
x
|
Nbr of stocks (in thousands)
|
824,081
|
824,081
|
832,861
|
868,969
|
868,752
|
857,726
|
-
|
-
|
Reference price
2 |
30.67
|
51.07
|
60.36
|
45.22
|
35.18
|
30.10
|
30.10
|
30.10
|
Announcement Date
|
3/30/20
|
3/25/21
|
3/28/22
|
3/30/23
|
3/18/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
7,653
|
8,933
|
10,675
|
12,843
|
13,581
|
15,340
|
17,250
|
18,953
|
EBITDA
1 |
1,569
|
2,135
|
2,050
|
2,187
|
2,249
|
2,369
|
2,678
|
2,935
|
EBIT
1 |
1,099
|
1,626
|
1,499
|
1,581
|
1,509
|
1,570
|
1,922
|
2,064
|
Operating Margin
|
14.36%
|
18.2%
|
14.04%
|
12.31%
|
11.11%
|
10.24%
|
11.14%
|
10.89%
|
Earnings before Tax (EBT)
1 |
1,109
|
1,627
|
1,517
|
1,595
|
1,526
|
1,614
|
1,954
|
2,119
|
Net income
1 |
901.5
|
1,372
|
1,309
|
1,321
|
1,270
|
1,342
|
1,609
|
1,759
|
Net margin
|
11.78%
|
15.35%
|
12.26%
|
10.29%
|
9.35%
|
8.75%
|
9.33%
|
9.28%
|
EPS
2 |
1.094
|
1.664
|
1.587
|
1.567
|
1.470
|
1.545
|
1.852
|
2.025
|
Free Cash Flow
1 |
480.8
|
1,092
|
-659.6
|
-1,443
|
-385
|
23
|
678.5
|
813
|
FCF margin
|
6.28%
|
12.23%
|
-6.18%
|
-11.24%
|
-2.83%
|
0.15%
|
3.93%
|
4.29%
|
FCF Conversion (EBITDA)
|
30.65%
|
51.18%
|
-
|
-
|
-
|
0.97%
|
25.33%
|
27.7%
|
FCF Conversion (Net income)
|
53.33%
|
79.65%
|
-
|
-
|
-
|
1.71%
|
42.17%
|
46.21%
|
Dividend per Share
2 |
0.4000
|
0.5000
|
0.5000
|
0.5000
|
0.5000
|
0.5564
|
0.7071
|
0.6321
|
Announcement Date
|
3/30/20
|
3/25/21
|
3/28/22
|
3/30/23
|
3/18/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
---|
Net sales
1 |
-
|
-
|
3,059
|
2,892
|
3,861
|
3,397
|
3,317
|
2,939
|
3,928
|
3,483
|
3,644
|
3,424
|
4,655
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
-
|
-
|
-
|
506.6
|
420.1
|
383.3
|
313.4
|
392.1
|
387.2
|
317.8
|
280.8
|
415.6
|
Operating Margin
|
-
|
-
|
-
|
-
|
13.12%
|
12.37%
|
11.55%
|
10.66%
|
9.98%
|
11.12%
|
8.72%
|
8.2%
|
8.93%
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
2 |
0.3500
|
0.3789
|
0.4300
|
0.2600
|
0.5000
|
0.4094
|
0.3700
|
0.2800
|
0.4100
|
0.3700
|
0.3400
|
0.2800
|
0.4800
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/28/22
|
4/18/22
|
8/10/22
|
10/25/22
|
3/30/23
|
4/28/23
|
8/24/23
|
10/24/23
|
3/18/24
|
4/19/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
1,619
|
1,422
|
2,365
|
2,986
|
4,231
|
4,195
|
3,612
|
3,376
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.032
x
|
0.666
x
|
1.154
x
|
1.365
x
|
1.881
x
|
1.771
x
|
1.349
x
|
1.15
x
|
Free Cash Flow
1 |
481
|
1,092
|
-660
|
-1,443
|
-385
|
23
|
679
|
813
|
ROE (net income / shareholders' equity)
|
19.4%
|
25.2%
|
20.5%
|
16.5%
|
13%
|
12.3%
|
13.1%
|
13.2%
|
ROA (Net income/ Total Assets)
|
9.55%
|
13.2%
|
10.8%
|
8.7%
|
-
|
6.58%
|
7.67%
|
8.25%
|
Assets
1 |
9,444
|
10,357
|
12,127
|
15,188
|
-
|
20,417
|
20,977
|
21,327
|
Book Value Per Share
2 |
6.100
|
7.150
|
8.320
|
10.70
|
11.60
|
12.80
|
14.50
|
15.80
|
Cash Flow per Share
2 |
1.570
|
2.270
|
1.600
|
1.230
|
1.520
|
2.630
|
2.590
|
3.040
|
Capex
1 |
815
|
777
|
1,978
|
2,512
|
1,706
|
1,732
|
1,324
|
1,311
|
Capex / Sales
|
10.65%
|
8.7%
|
18.53%
|
19.56%
|
12.56%
|
11.29%
|
7.67%
|
6.92%
|
Announcement Date
|
3/30/20
|
3/25/21
|
3/28/22
|
3/30/23
|
3/18/24
|
-
|
-
|
-
|
Last Close Price
30.1
CNY Average target price
34.99
CNY Spread / Average Target +16.25% Consensus |
1st Jan change
|
Capi.
|
---|
| -14.44% | 3.56B | | -6.56% | 27.18B | | +21.63% | 25.15B | | +6.53% | 11.14B | | +11.82% | 5.12B | | +12.04% | 4.21B | | +3.34% | 3.44B | | -4.91% | 2.83B | | +24.81% | 2.76B | | -8.47% | 2.1B |
Food Ingredients
|