Financials China Sunsine Chemical Holdings Ltd.

Equities

Market Closed - Singapore S.E. Other stock markets 04:49:23 2024-07-09 am EDT			5-day change	1st Jan Change
0.39 ^SGD	0.00%		0.00%	-1.27%

05:05am	China Sunsine Repurchases More Shares	MT
Jul. 08	China Sunsine Chemical Buys Back 100,000 Shares	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	502.5	480.5	470.6	410.4	378.9	372.7	-	-
Enterprise Value (EV) ¹	502.5	480.5	470.6	410.4	378.9	372.7	372.7	372.7
P/E ratio	6.51 x	10.8 x	4.37 x	3.3 x	5.46 x	5.27 x	4.9 x	4.81 x
Yield	1.94%	2.02%	2.06%	5.88%	3.8%	6.15%	6.15%	6.15%
Capitalization / Revenue	0.94 x	1.01 x	0.59 x	0.55 x	0.58 x	0.54 x	0.52 x	0.5 x
EV / Revenue	0.94 x	1.01 x	0.59 x	0.55 x	0.58 x	0.54 x	0.52 x	0.5 x
EV / EBITDA	4.45 x	5.56 x	2.66 x	2.37 x	3.56 x	3.48 x	3.25 x	3.43 x
EV / FCF	6.82 x	15.5 x	13.9 x	31.8 x	4.44 x	5.9 x	4.02 x	4.41 x
FCF Yield	14.7%	6.45%	7.17%	3.15%	22.5%	17%	24.9%	22.7%
Price to Book	0.98 x	0.86 x	0.7 x	0.57 x	0.52 x	0.48 x	0.45 x	0.42 x
Nbr of stocks (in thousands)	975,643	970,720	970,395	965,640	959,249	955,564	-	-
Reference price ²	0.5150	0.4950	0.4850	0.4250	0.3950	0.3900	0.3900	0.3900
Announcement Date	2/28/20	2/25/21	2/23/22	2/28/23	2/29/24	-	-	-

¹SGD in Million²SGD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	535.9	477.4	792	742.5	653.2	693.3	723.5	739.7
EBITDA ¹	112.9	86.39	176.8	173.4	106.3	107	114.7	108.7
EBIT ¹	90.22	61.74	148.6	142.4	84.81	76.5	83.24	79.85
Operating Margin	16.83%	12.93%	18.77%	19.18%	12.98%	11.03%	11.5%	10.8%
Earnings before Tax (EBT) ¹	90.12	61.47	148.6	142.4	84.81	85.48	90.86	94.85
Net income ¹	77.43	44.76	107.6	124.7	69.69	71.48	77.06	78.22
Net margin	14.45%	9.38%	13.59%	16.79%	10.67%	10.31%	10.65%	10.58%
EPS ²	0.0791	0.0460	0.1109	0.1287	0.0724	0.0739	0.0797	0.0810
Free Cash Flow ¹	73.7	31.01	33.74	12.91	85.3	63.21	92.75	84.47
FCF margin	13.75%	6.5%	4.26%	1.74%	13.06%	9.12%	12.82%	11.42%
FCF Conversion (EBITDA)	65.26%	35.9%	19.09%	7.45%	80.25%	59.09%	80.83%	77.69%
FCF Conversion (Net income)	95.18%	69.29%	31.35%	10.35%	122.4%	88.43%	120.36%	107.98%
Dividend per Share ²	0.0100	0.0100	0.0100	0.0250	0.0150	0.0240	0.0240	0.0240
Announcement Date	2/28/20	2/25/21	2/23/22	2/28/23	2/29/24	-	-	-

¹SGD in Million²SGD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	73.7	31	33.7	12.9	85.3	63.2	92.8	84.5
ROE (net income / shareholders' equity)	15.9%	8%	17.2%	18.7%	9.78%	9.5%	9.55%	9.1%
ROA (Net income/ Total Assets)	18.4%	6.9%	14.3%	15.8%	8.65%	7.6%	8.6%	7.6%
Assets ¹	421.7	648.7	754.2	790.8	805.7	940.6	896.1	1,029
Book Value Per Share ²	0.5200	0.5700	0.7000	0.7400	0.7700	0.8100	0.8700	0.9200
Cash Flow per Share	-	-	-	-	0.1200	-	-	-
Capex ¹	14.4	56.3	45.4	16.5	32	28.1	28.1	28.1
Capex / Sales	2.7%	11.8%	5.74%	2.23%	4.9%	4.06%	3.89%	3.8%
Announcement Date	2/28/20	2/25/21	2/23/22	2/28/23	2/29/24	-	-	-

¹SGD in Million²SGD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.39 SGD

Average target price

0.465 SGD

Spread / Average Target

+19.23%

	1st Jan change	Capi.
CHINA SUNSINE CHEMICAL HOLDINGS LTD.	-1.27%	276M
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