HAILUN PIANO CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.74 CNY | +7.47% |
|
-12.82% | -49.80% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,793 | 2,417 | 1,808 | 2,456 | 1,742 | 1,884 |
| Enterprise Value (EV) 1 | 1,479 | 2,287 | 1,769 | 2,593 | 1,948 | 2,081 |
| P/E ratio | 32.6 x | 45.4 x | 54.8 x | -31.3 x | 230 x | -24 x |
| Yield | 0.5% | 0.29% | 0.2% | - | - | - |
| Capitalization / Revenue | 3.4 x | 4.37 x | 3.8 x | 4.71 x | 4.59 x | 6.33 x |
| EV / Revenue | 2.8 x | 4.13 x | 3.72 x | 4.97 x | 5.14 x | 6.99 x |
| EV / EBITDA | 26.7 x | 41.4 x | 45.2 x | 54.4 x | 59.1 x | -362 x |
| EV / FCF | 107 x | -60.3 x | -15.9 x | -14.4 x | -17.7 x | -120 x |
| FCF Yield | 0.93% | -1.66% | -6.3% | -6.96% | -5.64% | -0.83% |
| Price to Book | 2.01 x | 2.49 x | 1.81 x | 2.69 x | 1.89 x | 2.25 x |
| Nbr of stocks (in thousands) | 253,632 | 253,579 | 253,560 | 252,889 | 252,889 | 252,889 |
| Reference price 2 | 7.070 | 9.530 | 7.130 | 9.710 | 6.890 | 7.450 |
| Announcement Date | 4/15/19 | 4/20/20 | 4/19/21 | 4/24/22 | 4/25/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 527.4 | 553.5 | 475.6 | 521.8 | 379.2 | 297.5 |
| EBITDA 1 | 55.38 | 55.21 | 39.1 | 47.64 | 32.97 | -5.743 |
| EBIT 1 | 34.31 | 33.42 | 17.5 | 25.98 | 5.236 | -32.41 |
| Operating Margin | 6.5% | 6.04% | 3.68% | 4.98% | 1.38% | -10.9% |
| Earnings before Tax (EBT) 1 | 61.08 | 56.39 | 33.09 | -79.99 | 5.835 | -82.2 |
| Net income 1 | 54.51 | 52.03 | 31.84 | -79.61 | 8.324 | -78.85 |
| Net margin | 10.34% | 9.4% | 6.69% | -15.26% | 2.2% | -26.51% |
| EPS 2 | 0.2166 | 0.2100 | 0.1300 | -0.3100 | 0.0300 | -0.3100 |
| Free Cash Flow 1 | 13.78 | -37.93 | -111.4 | -180.3 | -109.9 | -17.29 |
| FCF margin | 2.61% | -6.85% | -23.42% | -34.56% | -28.99% | -5.81% |
| FCF Conversion (EBITDA) | 24.89% | - | - | - | - | - |
| FCF Conversion (Net income) | 25.28% | - | - | - | - | - |
| Dividend per Share 2 | 0.0350 | 0.0280 | 0.0140 | - | - | - |
| Announcement Date | 4/15/19 | 4/20/20 | 4/19/21 | 4/24/22 | 4/25/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 |
|---|---|
| Net sales | - |
| EBITDA | - |
| EBIT | - |
| Operating Margin | - |
| Earnings before Tax (EBT) | - |
| Net income 1 | 6.307 |
| Net margin | - |
| EPS 2 | 0.0200 |
| Dividend per Share | - |
| Announcement Date | 4/27/22 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 137 | 206 | 197 |
| Net Cash position 1 | 314 | 130 | 38.7 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 2.878 x | 6.245 x | -34.24 x |
| Free Cash Flow 1 | 13.8 | -37.9 | -111 | -180 | -110 | -17.3 |
| ROE (net income / shareholders' equity) | 6.33% | 5.52% | 3.18% | -8.45% | 0.91% | -8.98% |
| ROA (Net income/ Total Assets) | 2.01% | 1.75% | 0.86% | 1.21% | 0.23% | -1.52% |
| Assets 1 | 2,715 | 2,967 | 3,696 | -6,558 | 3,554 | 5,198 |
| Book Value Per Share 2 | 3.510 | 3.820 | 3.930 | 3.610 | 3.640 | 3.310 |
| Cash Flow per Share 2 | 1.300 | 0.6500 | 0.4000 | 0.4800 | 0.3800 | 0.2500 |
| Capex 1 | 35.3 | 63.8 | 75.9 | 135 | 30.3 | 35.1 |
| Capex / Sales | 6.69% | 11.52% | 15.97% | 25.89% | 7.99% | 11.81% |
| Announcement Date | 4/15/19 | 4/20/20 | 4/19/21 | 4/24/22 | 4/25/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -49.80% | 131M | |
| -5.45% | 732M | |
| -33.97% | 716M | |
| -9.97% | 176M | |
| +10.09% | 66.21M |
- Stock Market
- Equities
- 300329 Stock
- Financials Hailun Piano Co.,Ltd.
