002361.SZ
Anhui Shenjian New Materials Co Ltd
Price:  
6.27 
CNY
Volume:  
62,513,900
China | Chemicals

002361.SZ DCF Valuation - Growth Exit 5Y

-2.7 %
Upside

What is the DCF valuation of 002361.SZ?

The Discounted Cash Flow (DCF) valuation of Anhui Shenjian New Materials Co Ltd (002361.SZ) is 6.10 CNY. With the latest stock price at 6.27 CNY, the upside of Anhui Shenjian New Materials Co Ltd based on DCF is -2.7%.

Is 002361.SZ a buy or a sell?

Based on the latest price of 6.27 CNY and our DCF valuation, Anhui Shenjian New Materials Co Ltd (002361.SZ) is a sell. Selling 002361.SZ stocks now will result in a potential gain of 2.7%.

Range Selected
WACC / Discount Rate7.6% - 9.5%8.6%
Long-term Growth Rate 3.0% - 5.0%4.0%
Fair Price3.96 - 11.416.10
Upside-36.8% - 82.0%-2.7%
6.27 CNY
Stock Price
6.10 CNY
Fair Price
REVENUE & EXPENSES
CAPEX
D&A
WORKING CAPITAL
TERMINAL VALUE

002361.SZ DCF Valuation: Revenue & Expenses Forecast

(CNY in millions)Projections
12-202412-202512-202612-202712-202812-2029
Revenue2,4182,5052,5552,6072,6712,783
% Growth
6%4%2%2%2%4%
Cost of goods sold(2,074)(2,042)(1,979)(1,917)(1,866)(1,847)
% of Revenue86%82%77%74%70%66%
Selling, G&A expenses(134)(138)(141)(144)(148)(154)
% of Revenue6%6%6%6%6%6%
Research & Development(120)(124)(127)(129)(133)(138)
% of Revenue5%5%5%5%5%5%
Net interest & other expenses(67)(69)(70)(72)(74)(77)
% of Revenue3%3%3%3%3%3%
Tax expense(3)(12)(21)(30)(40)(50)
Tax rate13%9%9%9%9%9%
Net profit20120217314411517
% Margin1%5%9%12%15%19%