Financials Better Life Commercial Chain Share Co.,Ltd

Equities

002251

CNE100000C23

Food Retail & Distribution

End-of-day quote Shenzhen S.E. 06:00:00 2024-06-11 pm EDT 5-day change 1st Jan Change
3.49 CNY +5.12% Intraday chart for Better Life Commercial Chain Share Co.,Ltd +4.80% -13.61%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,410 7,862 7,127 5,645 6,041 3,378
Enterprise Value (EV) 1 10,697 14,751 15,147 18,253 17,988 14,966
P/E ratio 41.2 x 45.5 x 65.3 x -30.8 x -2.36 x -1.8 x
Yield 1.35% 1.1% 1.18% 1.47% - -
Capitalization / Revenue 0.35 x 0.4 x 0.45 x 0.42 x 0.69 x 1.09 x
EV / Revenue 0.58 x 0.75 x 0.96 x 1.37 x 2.06 x 4.83 x
EV / EBITDA 14.6 x 15.7 x 15.9 x 28.4 x -18.3 x -77.7 x
EV / FCF -9.14 x -13.5 x -23.5 x 8.98 x -57.2 x -9.3 x
FCF Yield -10.9% -7.42% -4.25% 11.1% -1.75% -10.8%
Price to Book 0.86 x 1.04 x 0.97 x 0.78 x 1.25 x 1.19 x
Nbr of stocks (in thousands) 863,904 863,904 843,488 827,640 840,209 836,140
Reference price 2 7.420 9.100 8.450 6.820 7.190 4.040
Announcement Date 4/19/19 4/24/20 4/20/21 4/29/22 4/27/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 18,456 19,725 15,736 13,361 8,745 3,101
EBITDA 1 733.6 939.9 950.6 642.4 -982.7 -192.6
EBIT 1 396 516.4 508.6 271.1 -1,231 -544.6
Operating Margin 2.15% 2.62% 3.23% 2.03% -14.08% -17.56%
Earnings before Tax (EBT) 1 220.6 226.3 138.4 -26.12 -2,292 -1,861
Net income 1 155.6 172.8 111.7 -184.1 -2,544 -1,889
Net margin 0.84% 0.88% 0.71% -1.38% -29.09% -60.9%
EPS 2 0.1801 0.2000 0.1293 -0.2214 -3.051 -2.250
Free Cash Flow 1 -1,170 -1,094 -643.9 2,033 -314.3 -1,609
FCF margin -6.34% -5.55% -4.09% 15.22% -3.59% -51.9%
FCF Conversion (EBITDA) - - - 316.46% - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.1000 0.1000 0.1000 0.1000 - -
Announcement Date 4/19/19 4/24/20 4/20/21 4/29/22 4/27/23 4/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 4,287 6,889 8,019 12,609 11,947 11,588
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.844 x 7.33 x 8.436 x 19.63 x -12.16 x -60.16 x
Free Cash Flow 1 -1,170 -1,094 -644 2,033 -314 -1,609
ROE (net income / shareholders' equity) 2.25% 2.09% 1.55% -2.18% -39.4% -44.9%
ROA (Net income/ Total Assets) 1.31% 1.36% 1.3% 0.6% -2.55% -1.31%
Assets 1 11,859 12,665 8,598 -30,921 99,570 144,419
Book Value Per Share 2 8.670 8.750 8.710 8.780 5.770 3.410
Cash Flow per Share 2 1.350 1.720 1.710 2.070 1.010 1.010
Capex 1 2,775 2,579 1,786 2,596 1,287 423
Capex / Sales 15.04% 13.07% 11.35% 19.43% 14.72% 13.65%
Announcement Date 4/19/19 4/24/20 4/20/21 4/29/22 4/27/23 4/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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