Financials Zhejiang Chenfeng Technology Co., Ltd.

Equities

603685

CNE100002TF0

Construction Supplies & Fixtures

End-of-day quote Shanghai S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
11.63 CNY +0.78% Intraday chart for Zhejiang Chenfeng Technology Co., Ltd. -1.69% -23.94%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,860 2,238 1,869 2,116 1,589 2,584
Enterprise Value (EV) 1 1,526 2,030 1,962 2,568 2,041 3,698
P/E ratio 17.9 x 20.1 x 18.4 x 21.2 x -39.2 x 30.6 x
Yield 1.75% 2.27% 1.81% 0.96% - 0.98%
Capitalization / Revenue 2.12 x 2 x 1.59 x 1.37 x 1.37 x 2.08 x
EV / Revenue 1.74 x 1.82 x 1.67 x 1.66 x 1.76 x 2.97 x
EV / EBITDA 11 x 11.1 x 10.8 x 12.5 x 25.1 x 24.3 x
EV / FCF -48.4 x 10.6 x -9.39 x -9.71 x 87.3 x -95 x
FCF Yield -2.07% 9.43% -10.6% -10.3% 1.15% -1.05%
Price to Book 1.92 x 2.13 x 1.74 x 1.81 x 1.45 x 2.2 x
Nbr of stocks (in thousands) 169,000 169,000 169,000 169,000 169,002 169,006
Reference price 2 11.01 13.24 11.06 12.52 9.400 15.29
Announcement Date 4/17/19 4/21/20 4/12/21 4/24/22 4/26/23 3/19/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 877.1 1,117 1,173 1,548 1,162 1,243
EBITDA 1 138.6 183 181.7 204.8 81.46 152.4
EBIT 1 104 132.5 126.6 136.7 2.049 55.99
Operating Margin 11.85% 11.87% 10.8% 8.83% 0.18% 4.5%
Earnings before Tax (EBT) 1 121.4 145.3 122 124.1 -56.45 93.23
Net income 1 104.5 112 101.5 100.5 -40.48 83.86
Net margin 11.92% 10.03% 8.65% 6.49% -3.48% 6.75%
EPS 2 0.6154 0.6600 0.6000 0.5900 -0.2400 0.5000
Free Cash Flow 1 -31.54 191.5 -208.8 -264.6 23.38 -38.91
FCF margin -3.6% 17.15% -17.81% -17.09% 2.01% -3.13%
FCF Conversion (EBITDA) - 104.68% - - 28.7% -
FCF Conversion (Net income) - 171% - - - -
Dividend per Share 2 0.1923 0.3000 0.2000 0.1200 - 0.1500
Announcement Date 4/17/19 4/21/20 4/12/21 4/24/22 4/26/23 3/19/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 92.5 452 453 1,114
Net Cash position 1 334 207 - - - -
Leverage (Debt/EBITDA) - - 0.5089 x 2.208 x 5.556 x 7.308 x
Free Cash Flow 1 -31.5 192 -209 -265 23.4 -38.9
ROE (net income / shareholders' equity) 11.1% 11.9% 10% 9.38% -5.09% 6.47%
ROA (Net income/ Total Assets) 5.53% 5.68% 4.76% 4.01% 0.05% 1.25%
Assets 1 1,891 1,972 2,132 2,507 -73,999 6,698
Book Value Per Share 2 5.740 6.210 6.350 6.910 6.480 6.950
Cash Flow per Share 2 1.260 1.450 1.410 2.330 1.970 1.910
Capex 1 142 148 175 238 237 186
Capex / Sales 16.22% 13.29% 14.94% 15.37% 20.4% 14.93%
Announcement Date 4/17/19 4/21/20 4/12/21 4/24/22 4/26/23 3/19/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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