Financials FangDa Carbon New Material Co.,Ltd

Equities

600516

CNE000001CC6

Electrical Components & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-07-04 pm EDT 5-day change 1st Jan Change
4.3 CNY +0.47% Intraday chart for FangDa Carbon New Material Co.,Ltd -0.23% -17.94%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 33,058 26,908 41,181 23,293 21,045 17,098 - -
Enterprise Value (EV) 1 24,003 21,588 34,076 20,974 15,928 12,492 11,046 13,192
P/E ratio 16.2 x 50.5 x 37.3 x 27.8 x 47.6 x 34.9 x 18.5 x 24.5 x
Yield - 7.07% - - - - 0.23% -
Capitalization / Revenue 4.9 x 7.6 x 8.85 x 4.38 x 4.1 x 3.49 x 2.59 x 3.06 x
EV / Revenue 3.56 x 6.1 x 7.33 x 3.94 x 3.1 x 2.55 x 1.67 x 2.36 x
EV / EBITDA 9.38 x 45.1 x 21.5 x 21 x 19.2 x 8.08 x 5.86 x 10.4 x
EV / FCF 5,476,361 x - -180,144,898 x - - - - -
FCF Yield 0% - -0% - - - - -
Price to Book 2.2 x 1.73 x 2.79 x 1.49 x 1.24 x 0.99 x 0.93 x 0.93 x
Nbr of stocks (in thousands) 3,805,970 3,805,970 3,805,970 3,805,970 4,016,296 3,976,393 - -
Reference price 2 8.686 7.070 10.82 6.120 5.240 4.300 4.300 4.300
Announcement Date 4/17/20 4/14/21 3/15/22 3/7/23 4/1/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,751 3,539 4,652 5,320 5,132 4,900 6,609 5,584
EBITDA 1 2,559 478.6 1,587 999.9 828 1,545 1,884 1,275
EBIT 1 2,371 287.6 1,349 1,164 518.8 624.7 1,342 940.5
Operating Margin 35.12% 8.13% 29% 21.88% 10.11% 12.75% 20.31% 16.84%
Earnings before Tax (EBT) 1 2,345 660.9 1,331 1,152 512.1 625.4 1,216 871.5
Net income 1 2,016 547.5 1,085 839.9 416.2 487.4 925.8 686.9
Net margin 29.87% 15.47% 23.32% 15.79% 8.11% 9.95% 14.01% 12.3%
EPS 2 0.5357 0.1400 0.2900 0.2200 0.1100 0.1234 0.2330 0.1755
Free Cash Flow 4,383 - -189.2 - - - - -
FCF margin 64.92% - -4.07% - - - - -
FCF Conversion (EBITDA) 171.26% - - - - - - -
FCF Conversion (Net income) 217.39% - - - - - - -
Dividend per Share 2 - 0.5000 - - - - 0.0100 -
Announcement Date 4/17/20 4/14/21 3/15/22 3/7/23 4/1/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2023 Q1 2023 Q2 2023 Q3 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - - - - - - 1,275 1,257 1,388 1,232 1,214 1,212 - -
EBITDA - - - - - - - - - - - - - -
EBIT - - - - - - - 105 - - - - - -
Operating Margin - - - - - - - 8.36% - - - - - -
Earnings before Tax (EBT) 1 - - - - - - 74.84 136.1 - 68.64 131.8 30.03 - -
Net income 1 198.5 - - - - 221.4 59.44 103.4 171.3 47.37 115.8 14.01 - -
Net margin - - - - - - 4.66% 8.23% 12.34% 3.84% 9.54% 1.16% - -
EPS 2 0.0521 - - - - 0.0550 0.0167 0.0300 0.0425 0.0118 0.0288 0.003480 - -
Dividend per Share 2 - - - - - - - - - - - - - -
Announcement Date 8/28/20 3/15/22 6/7/22 9/7/22 12/7/22 4/26/23 8/28/23 10/31/23 4/29/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 9,055 5,320 7,104 2,319 5,117 4,607 6,052 3,907
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 4,383 - -189 - - - - -
ROE (net income / shareholders' equity) 14.7% 3.58% 7.15% 5.53% 2.48% 2.8% 4.95% 3.7%
ROA (Net income/ Total Assets) 11.7% - - 4.34% 1.99% 2.6% 5.02% 3.3%
Assets 1 17,284 - - 19,339 20,942 18,744 18,460 20,816
Book Value Per Share 2 3.950 4.090 3.880 4.120 4.240 4.350 4.650 4.630
Cash Flow per Share 2 - - - 0.0600 0.2100 0.1800 0.3300 0.2100
Capex 1 85.8 139 151 78.2 130 150 279 175
Capex / Sales 1.27% 3.94% 3.25% 1.47% 2.53% 3.06% 4.22% 3.13%
Announcement Date 4/17/20 4/14/21 3/15/22 3/7/23 4/1/24 - - -
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
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
4.3 CNY
Average target price
5.967 CNY
Spread / Average Target
+38.76%
Consensus
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