Stock 603650 RED AVENUE NEW MATERIALS GROUP CO., LTD.
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Financials Red Avenue New Materials Group Co., Ltd.

Equities

603650

CNE1000036G1

Specialty Chemicals

End-of-day quote Shanghai S.E.
Other stock markets
 06:00:00 2024-07-15 pm EDT 		5-day change 1st Jan Change
29.37 CNY +0.24% Intraday chart for Red Avenue New Materials Group Co., Ltd. +0.51% -11.80%
May. 28 Red Avenue New Materials to Build Semiconductor Factory for 300 Million Yuan; Shares Up 3% MT
Apr. 29 Red Avenue New Materials Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,208 18,166 30,049 18,378 19,974 17,588 - -
Enterprise Value (EV) 1 10,208 18,166 30,049 18,378 19,974 17,588 17,588 17,588
P/E ratio 31.1 x 44.3 x 91.5 x 62.9 x 49 x 33.7 x 27.3 x 23.3 x
Yield - - 0.18% 0.26% 1.77% 0.48% 0.54% 0.68%
Capitalization / Revenue 4.62 x 8.88 x 13 x 7.35 x 6.79 x 4.82 x 4.09 x 3.46 x
EV / Revenue 4.62 x 8.88 x 13 x 7.35 x 6.79 x 4.82 x 4.09 x 3.46 x
EV / EBITDA 23.7 x 34.2 x - - 35.2 x 26.7 x 22.3 x 18.5 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 4.54 x 7.42 x 11 x 6.15 x 5.96 x 4.87 x 4.36 x 3.87 x
Nbr of stocks (in thousands) 585,988 585,988 597,152 596,121 599,831 598,839 - -
Reference price 2 17.42 31.00 50.32 30.83 33.30 29.37 29.37 29.37
Announcement Date 4/28/20 4/15/21 4/14/22 4/11/23 4/24/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,208 2,046 2,308 2,500 2,944 3,651 4,299 5,085
EBITDA 1 431.5 530.7 - - 566.9 659 787.5 948.5
EBIT 1 364.2 468.9 333.7 302.1 427.4 502 642.3 794.3
Operating Margin 16.49% 22.92% 14.46% 12.08% 14.52% 13.75% 14.94% 15.62%
Earnings before Tax (EBT) 1 378.1 467.1 334.8 305.7 427 527 646 797.7
Net income 1 330.6 410.5 326.6 298.2 406.6 521.4 644.9 756.7
Net margin 14.97% 20.06% 14.15% 11.93% 13.81% 14.28% 15% 14.88%
EPS 2 0.5600 0.7000 0.5500 0.4900 0.6800 0.8725 1.075 1.260
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - 0.0900 0.0800 0.5900 0.1400 0.1600 0.2000
Announcement Date 4/28/20 4/15/21 4/14/22 4/11/23 4/24/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

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) 15.1% 17.5% 12.8% 10.3% 12.6% 14% 15.4% 16.7%
ROA (Net income/ Total Assets) - - 6.18% 4.64% 5.73% 6.48% 7.61% 8.8%
Assets 1 - - 5,283 6,421 7,098 8,052 8,474 8,603
Book Value Per Share 2 3.840 4.180 4.570 5.010 5.590 6.030 6.740 7.580
Cash Flow per Share 2 0.7100 0.3500 - 0.1700 0.3100 0.8800 0.8800 1.000
Capex 1 71 80.4 - 344 141 123 154 161
Capex / Sales 3.21% 3.93% - 13.77% 4.79% 3.37% 3.57% 3.17%
Announcement Date 4/28/20 4/15/21 4/14/22 4/11/23 4/24/24 - - -
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

Ratings for Red Avenue New Materials Group Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
29.37 CNY
Average target price
35 CNY
Spread / Average Target
+19.17%
Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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