Inner Mongolia Yili Industrial Group Co., Ltd.

SHSE-600887

Basic

Market Cap
CN¥158.84B
EV
CN¥175B
Shares Out
6,343.5M
Revenue
CN¥125.32B
Employees
64,305

Margins

Gross
32.35%
EBITDA
12.3%
Operating
9.08%
Pre-Tax
11.48%
Net
10.16%
FCF
10.16%

Returns (5Yr Avg)

ROA
10.02%
ROTA
24.66%
ROE
23.31%
ROCE
20.65%
ROIC
10.7%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
CN¥34.05
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
CN¥55.49B
Net Debt
CN¥12.36B
Debt/Equity
1.08
EBIT/Interest
5.16

Growth (CAGR)

Rev 3Yr
6.55%
Rev 5Yr
8.61%
Rev 10Yr
9.81%
Dil EPS 3Yr
11.37%
Dil EPS 5Yr
13.08%
Dil EPS 10Yr
12.22%
Rev Fwd 2Yr
4.13%
EBITDA Fwd 2Yr
7.9%
EPS Fwd 2Yr
8.77%
EPS LT Growth Est
10.47%

Dividends

Yield
—
Payout
59.97%
DPS
CN¥1.2
DPS Growth 3Yr
13.53%
DPS Growth 5Yr
11.38%
DPS Growth 10Yr
16.23%
DPS Growth Fwd 2Yr
8.49%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						89,509	95,345.2	108,462.5	121,148.6	124,460.9	123,595.4
Interest And Invest. Income						213.9	361.7	451.2	473	421.3	423.4
Other Revenues, Total						500.1	1,178.8	1,681.5	1,549.4	1,297.2	1,297.2
Total Revenues						90,223.1	96,885.6	110,595.2	123,171	126,179.5	125,316
Total Revenues % Chg.						13.4%	7.4%	14.2%	11.4%	2.4%	-0.2%
Cost of Goods Sold, Total						56,507.2	67,608.3	76,627.7	83,710.9	86,010.6	84,782.5
Gross Profit						33,715.9	29,277.4	33,967.5	39,460.2	40,168.9	40,533.6
Selling General & Admin Expenses, Total						25,354.6	20,766.5	23,541.9	28,251.1	27,725.7	28,080.1
Provision for Bad Debts						51.8	0.5	108.1	106.8	137.4	173.9
R&D Expenses	—	—	—			495.2	487.1	601	821.6	850.1	845.8
Other Operating Expenses						577	546.5	663.6	741.8	66.7	60.6
Other Operating Expenses, Total						26,478.5	21,800.5	24,914.6	29,921.1	28,780	29,160.4
Operating Income						7,237.3	7,476.8	9,052.9	9,539	11,388.9	11,373.2
Interest Expense, Total						-272.4	-494.3	-809.5	-1,402.5	-2,192.8	-2,202.7
Interest And Investment Income						894.3	1,151.5	1,213.2	2,004.4	2,478.6	5,234.1
Net Interest Expenses						621.9	657.2	403.7	601.9	285.7	3,031.4
Currency Exchange Gains (Loss)						-70.4	-221.8	116.4	-66.9	-68.5	-68.5
Other Non Operating Income (Expenses)						-23.4	-11.5	-29.9	-290.2	-123.3	-136.1
EBT, Excl. Unusual Items						7,765.4	7,900.8	9,543.1	9,783.8	11,482.8	14,199.9
Impairment of Goodwill	—	—		—	—	—	-166	-55.3	-174.5	—	—
Gain (Loss) On Sale Of Investments		—	—	—		78.2	171.1	120.6	94.1	247.1	155.6
Gain (Loss) On Sale Of Assets						-62.3	-21	-49.4	-23.3	-44.1	-40.9
Asset Writedown						-125.9	-18	-161.1	-25.7	-303.7	-270.6
Other Unusual Items						538.8	283	714.5	975.7	339	339
EBT, Incl. Unusual Items						8,194.1	8,149.8	10,112.4	10,630.2	11,721.2	14,383
Income Tax Expense						1,243.4	1,050.9	1,380.3	1,312	1,436.9	1,760.5
Earnings From Continuing Operations						6,950.7	7,098.9	8,732	9,318.2	10,284.3	12,622.6
Minority Interest						-17	-20.8	-27.1	112.9	144.2	113.8
Net Income						6,933.8	7,078.2	8,704.9	9,431.1	10,428.5	12,736.3
Net Income to Common Incl Extra Items						6,933.8	7,078.2	8,704.9	9,431.1	10,428.5	12,736.3
Net Income to Common Excl. Extra Items						6,933.8	7,078.2	8,704.9	9,431.1	10,428.5	12,736.3
Total Shares Outstanding						6,096.4	6,082.6	6,400.1	6,399.3	6,292.4	6,368.6
Weighted Avg. Shares Outstanding						6,029.4	6,049.7	6,087.4	6,372.3	6,358.9	6,365.5
Weighted Avg. Shares Outstanding Dil						6,029.4	6,049.7	6,087.4	6,372.3	6,358.9	6,365.5
EPS						1.2	1.2	1.4	1.5	1.6	2
EPS Diluted						1.2	1.2	1.4	1.5	1.6	2
EBITDA						9,121.4	9,782.8	12,203.9	13,291.4	15,370.1	15,411.5
Effective Tax Rate						15.2%	12.9%	13.6%	12.3%	12.3%	12.2%