Financials Hangzhou Oxygen Plant Group Co.,Ltd.

Equities

002430

CNE100000Q68

Commodity Chemicals

End-of-day quote Shenzhen S.E. 06:00:00 2024-07-02 pm EDT 5-day change 1st Jan Change
20.52 CNY -3.66% Intraday chart for Hangzhou Oxygen Plant Group Co.,Ltd. -10.20% -29.75%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,984 28,060 28,948 38,752 28,752 20,191 - -
Enterprise Value (EV) 1 13,596 28,758 29,873 40,062 31,672 23,080 23,418 24,639
P/E ratio 20.4 x 32.3 x 24.2 x 32.8 x 23.9 x 14.1 x 11.4 x 10.3 x
Yield 1.34% 0.86% 2% 2.03% 2.74% 2.91% 3.46% 4.47%
Capitalization / Revenue 1.59 x 2.8 x 2.44 x 3.03 x 2.16 x 1.31 x 1.13 x 1.04 x
EV / Revenue 1.66 x 2.87 x 2.52 x 3.13 x 2.38 x 1.49 x 1.31 x 1.27 x
EV / EBITDA 9.73 x 16.8 x 13.3 x 15.7 x 12.6 x 7.49 x 6.43 x 6.26 x
EV / FCF - - 141 x -76.9 x -77.4 x -32.1 x 28.8 x 21.7 x
FCF Yield - - 0.71% -1.3% -1.29% -3.12% 3.48% 4.62%
Price to Book 2.25 x 4.35 x 3.95 x 4.79 x 3.23 x 2.06 x 1.84 x 1.67 x
Nbr of stocks (in thousands) 964,604 964,604 964,604 984,541 984,309 983,963 - -
Reference price 2 13.46 29.09 30.01 39.36 29.21 20.52 20.52 20.52
Announcement Date 2/27/20 2/9/21 3/28/22 3/30/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,187 10,029 11,878 12,803 13,309 15,472 17,821 19,325
EBITDA 1 1,397 1,715 2,238 2,547 2,516 3,080 3,645 3,937
EBIT 1 850.5 1,157 1,597 1,632 1,639 1,946 2,396 2,641
Operating Margin 10.39% 11.54% 13.44% 12.75% 12.32% 12.58% 13.44% 13.66%
Earnings before Tax (EBT) 1 854.4 1,189 1,593 1,650 1,644 1,918 2,335 2,703
Net income 1 635.3 866.1 1,194 1,210 1,216 1,429 1,742 2,019
Net margin 7.76% 8.64% 10.05% 9.45% 9.14% 9.24% 9.78% 10.45%
EPS 2 0.6600 0.9000 1.240 1.200 1.220 1.455 1.794 1.991
Free Cash Flow 1 - - 211.9 -520.9 -409.3 -720 814 1,138
FCF margin - - 1.78% -4.07% -3.08% -4.65% 4.57% 5.89%
FCF Conversion (EBITDA) - - 9.47% - - - 22.33% 28.9%
FCF Conversion (Net income) - - 17.74% - - - 46.72% 56.36%
Dividend per Share 2 0.1800 0.2500 0.6000 0.8000 0.8000 0.5978 0.7090 0.9172
Announcement Date 2/27/20 2/9/21 3/28/22 3/30/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales - - 3,155 3,336 3,529 - - - - - -
EBITDA - - - - - - - - - - -
EBIT - - 369.3 418.9 456.2 - - - - - -
Operating Margin - - 11.7% 12.56% 12.93% - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - -
Net income 322 276.3 - - - - - - - - -
Net margin - - - - - - - - - - -
EPS 0.3300 0.2600 0.2600 0.3200 0.3800 - - - - - -
Dividend per Share 1 - - - - 0.8000 - - - 0.3252 - -
Announcement Date 4/26/22 4/25/23 8/23/23 10/26/23 3/27/24 - - - - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 612 697 925 1,311 2,920 2,889 3,227 4,448
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.4383 x 0.4066 x 0.4135 x 0.5147 x 1.161 x 0.938 x 0.8853 x 1.13 x
Free Cash Flow 1 - - 212 -521 -409 -720 814 1,138
ROE (net income / shareholders' equity) 11.5% 14.1% 17.5% 15.8% 14.3% 15% 16.7% 16.8%
ROA (Net income/ Total Assets) 5.43% 6.47% 7.83% 6.86% 5.81% 6.23% 6.98% 7.81%
Assets 1 11,698 13,384 15,241 17,643 20,929 22,936 24,951 25,843
Book Value Per Share 2 5.990 6.690 7.590 8.210 9.040 9.970 11.10 12.30
Cash Flow per Share 2 1.520 0.9700 1.310 1.460 2.500 2.850 2.670 3.160
Capex 1 1,238 735 1,050 1,958 2,873 2,253 2,048 2,005
Capex / Sales 15.13% 7.33% 8.84% 15.29% 21.58% 14.56% 11.49% 10.38%
Announcement Date 2/27/20 2/9/21 3/28/22 3/30/23 3/27/24 - - -
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
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
20.52 CNY
Average target price
37.72 CNY
Spread / Average Target
+83.84%
Consensus
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