KAISHAN GROUP CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.38 CNY | +1.79% |
|
+3.45% | -27.79% |
| May. 20 | Kaishan Group Co., Ltd. Approves Board Elections | CI |
| May. 20 | Kaishan Group Co., Ltd. Approves Final Cash Dividend for the Year 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 8,571 | 9,335 | 11,712 | 15,779 | 14,905 | 15,660 |
| Enterprise Value (EV) 1 | 9,853 | 11,617 | 13,748 | 18,968 | 19,161 | 20,491 |
| P/E ratio | 71.4 x | 60.4 x | 45.5 x | 51.2 x | 36.6 x | 35.8 x |
| Yield | 1% | - | 0.22% | - | 0.67% | 0.63% |
| Capitalization / Revenue | 3.3 x | 3.54 x | 3.88 x | 4.53 x | 3.97 x | 3.76 x |
| EV / Revenue | 3.79 x | 4.41 x | 4.55 x | 5.44 x | 5.1 x | 4.92 x |
| EV / EBITDA | 33.6 x | 32.4 x | 24.5 x | 30.4 x | 23.6 x | 21 x |
| EV / FCF | -8.02 x | -16.2 x | 52.5 x | -18 x | -14.9 x | -95.2 x |
| FCF Yield | -12.5% | -6.18% | 1.91% | -5.56% | -6.71% | -1.05% |
| Price to Book | 2.44 x | 2.6 x | 2.86 x | 3.21 x | 2.57 x | 2.53 x |
| Nbr of stocks (in thousands) | 858,000 | 858,000 | 858,000 | 993,635 | 993,635 | 993,635 |
| Reference price 2 | 9.990 | 10.88 | 13.65 | 15.88 | 15.00 | 15.76 |
| Announcement Date | 4/11/19 | 4/28/20 | 4/14/21 | 4/26/22 | 4/20/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,600 | 2,633 | 3,022 | 3,485 | 3,754 | 4,167 |
| EBITDA 1 | 293.3 | 358.2 | 561.8 | 624.7 | 812.4 | 973.9 |
| EBIT 1 | 172.1 | 220.5 | 388 | 433.6 | 559 | 633 |
| Operating Margin | 6.62% | 8.37% | 12.84% | 12.44% | 14.89% | 15.19% |
| Earnings before Tax (EBT) 1 | 157.5 | 186.2 | 300.5 | 357.3 | 453.8 | 477.3 |
| Net income 1 | 120.8 | 152.5 | 256 | 303.6 | 408.7 | 433.3 |
| Net margin | 4.65% | 5.79% | 8.47% | 8.71% | 10.89% | 10.4% |
| EPS 2 | 0.1400 | 0.1800 | 0.3000 | 0.3100 | 0.4100 | 0.4400 |
| Free Cash Flow 1 | -1,228 | -718.3 | 262 | -1,054 | -1,286 | -215.1 |
| FCF margin | -47.24% | -27.28% | 8.67% | -30.26% | -34.26% | -5.16% |
| FCF Conversion (EBITDA) | - | - | 46.63% | - | - | - |
| FCF Conversion (Net income) | - | - | 102.33% | - | - | - |
| Dividend per Share 2 | 0.1000 | - | 0.0300 | - | 0.1000 | 0.1000 |
| Announcement Date | 4/11/19 | 4/28/20 | 4/14/21 | 4/26/22 | 4/20/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,281 | 2,282 | 2,036 | 3,189 | 4,256 | 4,831 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.369 x | 6.371 x | 3.624 x | 5.106 x | 5.239 x | 4.96 x |
| Free Cash Flow 1 | -1,228 | -718 | 262 | -1,054 | -1,286 | -215 |
| ROE (net income / shareholders' equity) | 3.44% | 4.31% | 6.32% | 6.38% | 7.74% | 7.23% |
| ROA (Net income/ Total Assets) | 1.59% | 1.75% | 2.54% | 2.4% | 2.83% | 2.89% |
| Assets 1 | 7,618 | 8,715 | 10,091 | 12,660 | 14,458 | 14,978 |
| Book Value Per Share 2 | 4.100 | 4.190 | 4.780 | 4.950 | 5.830 | 6.230 |
| Cash Flow per Share 2 | 1.170 | 0.7100 | 1.730 | 0.9800 | 0.6900 | 0.6300 |
| Capex 1 | 1,382 | 744 | 676 | 1,379 | 1,212 | 931 |
| Capex / Sales | 53.15% | 28.27% | 22.35% | 39.58% | 32.28% | 22.35% |
| Announcement Date | 4/11/19 | 4/28/20 | 4/14/21 | 4/26/22 | 4/20/23 | 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. | |
|---|---|---|
| -27.79% | 1.56B | |
| +16.17% | 2.24B | |
| +26.29% | 2.49B | |
| +47.00% | 1.74B | |
| -19.00% | 1.33B | |
| +123.93% | 1.09B | |
| 0.00% | 565M | |
| -23.10% | 471M | |
| +31.85% | 435M | |
| -26.56% | 322M |
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