Stock 603889 ZHEJIANG XINAO TEXTILES INC.
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Financials Zhejiang Xinao Textiles Inc.

Equities

603889

CNE100001TT3

Textiles & Leather Goods

End-of-day quote Shanghai S.E.
Other stock markets
 06:00:00 2024-07-14 pm EDT 		5-day change 1st Jan Change
7.43 CNY -0.27% Intraday chart for Zhejiang Xinao Textiles Inc. -2.49% +4.35%
Apr. 22 Zhejiang Xinao Textiles Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
Apr. 17 Zhejiang Xinao Textiles Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,922 2,461 3,168 3,674 5,202 5,429 - -
Enterprise Value (EV) 1 2,922 2,461 3,168 3,674 5,202 5,429 5,429 5,429
P/E ratio 20.4 x 16 x 10.7 x 9.45 x 12.7 x 11.5 x 9.83 x 8.6 x
Yield - - - 5.57% 4.21% 4.44% 5.25% 6.06%
Capitalization / Revenue - - 0.92 x 0.93 x 1.17 x 1.07 x 0.94 x 0.83 x
EV / Revenue - - 0.92 x 0.93 x 1.17 x 1.07 x 0.94 x 0.83 x
EV / EBITDA - - 6.62 x 6.14 x 8.29 x 7 x 6.04 x 5.38 x
EV / FCF - - - - -41.1 x 19.5 x 15.5 x 11.6 x
FCF Yield - - - - -2.44% 5.12% 6.47% 8.6%
Price to Book - - 1.17 x 1.24 x 1.64 x 1.58 x 1.46 x 1.33 x
Nbr of stocks (in thousands) 716,445 716,445 716,445 716,445 730,656 730,656 - -
Reference price 2 4.079 3.436 4.421 5.129 7.120 7.430 7.430 7.430
Announcement Date 4/8/20 3/30/21 3/10/22 4/13/23 4/17/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - - 3,445 3,950 4,438 5,092 5,780 6,506
EBITDA 1 - - 478.5 598.3 627.4 775.3 899.1 1,008
EBIT 1 - - 352.9 468.5 484.4 557.7 656 757.5
Operating Margin - - 10.24% 11.86% 10.91% 10.95% 11.35% 11.64%
Earnings before Tax (EBT) 1 - - 354.7 467.4 485.7 562.1 658.9 757.5
Net income 1 - 151.5 298.3 389.7 404.2 471.2 550.6 633
Net margin - - 8.66% 9.87% 9.11% 9.25% 9.53% 9.73%
EPS 2 0.2000 0.2143 0.4143 0.5429 0.5600 0.6440 0.7560 0.8640
Free Cash Flow 1 - - - - -126.7 278 351 467
FCF margin - - - - -2.86% 5.46% 6.07% 7.18%
FCF Conversion (EBITDA) - - - - - 35.85% 39.04% 46.32%
FCF Conversion (Net income) - - - - - 59% 63.74% 73.78%
Dividend per Share 2 - - - 0.2857 0.3000 0.3300 0.3900 0.4500
Announcement Date 4/8/20 3/30/21 3/10/22 4/13/23 4/17/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - - -127 278 351 467
ROE (net income / shareholders' equity) - 11.4% 13.8% 13.3% 13.7% 14.6% 15.4%
ROA (Net income/ Total Assets) - - 9.04% 13.6% 7.79% 8.49% 9.04%
Assets 1 - - 4,309 2,982 6,049 6,486 7,002
Book Value Per Share 2 - 3.790 4.130 4.340 4.690 5.100 5.580
Cash Flow per Share 2 - -0.1700 0.5200 0.7600 0.3100 1.020 0.8300
Capex 1 - - 76.7 679 302 289 293
Capex / Sales - - 1.94% 15.3% 5.93% 4.99% 4.5%
Announcement Date 3/30/21 3/10/22 4/13/23 4/17/24 - - -
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 Zhejiang Xinao Textiles Inc.

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
7.43 CNY
Average target price
9.17 CNY
Spread / Average Target
+23.42%
Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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