Financials Satellite Chemical Co.,Ltd.

Equities

002648

CNE100001B07

Commodity Chemicals

End-of-day quote Shenzhen S.E. 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
17.88 CNY -0.33% Intraday chart for Satellite Chemical Co.,Ltd. -1.54% +21.22%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 17,424 32,011 68,854 52,115 49,589 60,111 - -
Enterprise Value (EV) 1 19,964 32,011 75,628 59,483 57,805 70,202 69,177 68,181
P/E ratio 13.7 x 17.2 x 11.5 x 17 x 10.4 x 10.1 x 8.46 x 6.8 x
Yield 1.1% - 0.87% 2.58% 2.71% 2.81% 3.36% 4.16%
Capitalization / Revenue 1.62 x 2.97 x 2.41 x 1.41 x 1.2 x 1.26 x 1.11 x 0.92 x
EV / Revenue 1.85 x 2.97 x 2.65 x 1.61 x 1.39 x 1.47 x 1.28 x 1.04 x
EV / EBITDA 9.44 x 12.2 x 9.13 x 11.4 x 7.22 x 6.22 x 5.46 x 4.41 x
EV / FCF -16.6 x - - - 10.3 x -362 x 10.3 x 8.39 x
FCF Yield -6.03% - - - 9.68% -0.28% 9.67% 11.9%
Price to Book 1.89 x 2.35 x 2.53 x 2.47 x 1.95 x 2 x 1.69 x 1.41 x
Nbr of stocks (in thousands) 2,922,633 3,360,956 3,369,423 3,362,263 3,361,946 3,361,939 - -
Reference price 2 5.962 9.524 20.44 15.50 14.75 17.88 17.88 17.88
Announcement Date 2/28/20 2/22/21 3/21/22 4/28/23 3/12/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 10,779 10,773 28,557 37,044 41,487 47,768 53,968 65,384
EBITDA 1 2,115 2,626 8,287 5,202 8,004 11,286 12,675 15,453
EBIT 1 1,447 1,913 6,977 3,448 5,378 6,812 8,257 10,195
Operating Margin 13.42% 17.76% 24.43% 9.31% 12.96% 14.26% 15.3% 15.59%
Earnings before Tax (EBT) 1 1,452 1,907 6,993 3,445 5,368 6,780 8,175 10,148
Net income 1 1,273 1,661 6,007 3,062 4,789 5,945 7,123 8,858
Net margin 11.81% 15.42% 21.03% 8.27% 11.54% 12.45% 13.2% 13.55%
EPS 2 0.4339 0.5542 1.777 0.9100 1.420 1.765 2.114 2.629
Free Cash Flow 1 -1,203 - - - 5,594 -194 6,690 8,130
FCF margin -11.16% - - - 13.48% -0.41% 12.4% 12.43%
FCF Conversion (EBITDA) - - - - 69.89% - 52.78% 52.61%
FCF Conversion (Net income) - - - - 116.79% - 93.92% 91.78%
Dividend per Share 2 0.0656 - 0.1787 0.4000 0.4000 0.5030 0.6011 0.7438
Announcement Date 2/28/20 2/22/21 3/21/22 4/28/23 3/12/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 8,539 8,138 10,676 8,956 9,274 10,599 10,868 10,605 8,805 10,592 11,033 13,703 - -
EBITDA 2,400 - 1,903 - - - - - - - - - - -
EBIT 1,919 1,797 1,538 220.8 -107.5 1,310 1,732 1,520 1,176 - - - - -
Operating Margin 22.47% 22.08% 14.4% 2.46% -1.16% 12.36% 15.93% 14.33% 13.35% - - - - -
Earnings before Tax (EBT) 1 - - - - - 1,303 1,736 1,513 1,176 1,470 1,501 1,834 - -
Net income 1 - - - - 45.75 1,133 1,551 1,396 1,023 1,624 1,501 930.5 - -
Net margin - - - - 0.49% 10.69% 14.27% 13.16% 11.61% 15.33% 13.61% 6.79% - -
EPS 2 0.5156 0.4543 0.1929 0.0900 -0.3400 0.3400 0.4600 0.4100 0.3000 0.4820 0.4456 0.2762 - -
Dividend per Share 2 0.0868 - 0.2900 - 0.4000 - - 0.4000 - 0.1130 0.1130 0.1130 0.1443 0.1443
Announcement Date 3/21/22 4/26/22 8/29/22 10/24/22 4/28/23 7/17/23 10/24/23 3/12/24 4/22/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,540 - 6,774 7,368 8,216 10,091 9,066 8,069
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.201 x - 0.8174 x 1.416 x 1.027 x 0.8941 x 0.7152 x 0.5222 x
Free Cash Flow 1 -1,203 - - - 5,594 -194 6,690 8,130
ROE (net income / shareholders' equity) 14.8% 15.9% 36.4% 14.9% 19.7% 19.9% 20.3% 21%
ROA (Net income/ Total Assets) 8.04% 6.61% 14.8% - 7.7% 8.07% 8.98% 9.65%
Assets 1 15,832 25,132 40,517 - 62,173 73,667 79,320 91,825
Book Value Per Share 2 3.160 4.060 8.070 6.270 7.560 8.920 10.60 12.70
Cash Flow per Share 2 0.4600 -0.1500 1.090 1.760 2.370 3.030 3.540 4.320
Capex 1 2,547 5,277 4,060 2,487 2,403 7,344 7,072 7,632
Capex / Sales 23.63% 48.99% 14.22% 6.71% 5.79% 15.37% 13.1% 11.67%
Announcement Date 2/28/20 2/22/21 3/21/22 4/28/23 3/12/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
17.88 CNY
Average target price
22.04 CNY
Spread / Average Target
+23.28%
Consensus
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