RED PHASE INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.87 CNY | +2.10% |
|
+2.74% | -27.31% |
| Apr. 28 | Red phase INC. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 12 | Red phase INC. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,893 | 5,045 | 8,786 | 4,798 | 6,085 | 2,424 |
| Enterprise Value (EV) 1 | 4,367 | 6,181 | 10,233 | 5,398 | 7,125 | 3,010 |
| P/E ratio | 17 x | 21.3 x | 37.5 x | -7.53 x | 93.9 x | -5.28 x |
| Yield | 1.17% | 0.94% | 0.53% | - | - | - |
| Capitalization / Revenue | 2.97 x | 3.76 x | 5.8 x | 3.44 x | 3.72 x | 2.1 x |
| EV / Revenue | 3.33 x | 4.61 x | 6.75 x | 3.87 x | 4.35 x | 2.61 x |
| EV / EBITDA | 12.8 x | 17 x | 24.3 x | 23 x | 35.6 x | -35.6 x |
| EV / FCF | -5.15 x | -30 x | -33 x | 38.8 x | -14.8 x | 9.3 x |
| FCF Yield | -19.4% | -3.33% | -3.03% | 2.58% | -6.77% | 10.8% |
| Price to Book | 1.87 x | 2.26 x | 3.69 x | 2.83 x | 3.67 x | 2.53 x |
| Nbr of stocks (in thousands) | 352,587 | 358,341 | 360,216 | 360,224 | 361,757 | 361,800 |
| Reference price 2 | 11.04 | 14.08 | 24.39 | 13.32 | 16.82 | 6.700 |
| Announcement Date | 4/24/19 | 4/28/20 | 4/23/21 | 4/27/22 | 4/28/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,311 | 1,340 | 1,516 | 1,394 | 1,637 | 1,154 |
| EBITDA 1 | 340 | 363.1 | 420.7 | 234.4 | 200 | -84.58 |
| EBIT 1 | 305.5 | 316.6 | 325.8 | 124.7 | 125.7 | -143.4 |
| Operating Margin | 23.29% | 23.62% | 21.49% | 8.94% | 7.68% | -12.43% |
| Earnings before Tax (EBT) 1 | 302.2 | 293 | 253.1 | -638.5 | 74.77 | -459.6 |
| Net income 1 | 229.4 | 234.7 | 231.7 | -635.8 | 65.45 | -458.9 |
| Net margin | 17.49% | 17.51% | 15.28% | -45.6% | 4% | -39.78% |
| EPS 2 | 0.6500 | 0.6600 | 0.6500 | -1.770 | 0.1791 | -1.268 |
| Free Cash Flow 1 | -848 | -205.9 | -310.1 | 139 | -482.6 | 323.7 |
| FCF margin | -64.66% | -15.36% | -20.45% | 9.97% | -29.48% | 28.05% |
| FCF Conversion (EBITDA) | - | - | - | 59.3% | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1290 | 0.1320 | 0.1300 | - | - | - |
| Announcement Date | 4/24/19 | 4/28/20 | 4/23/21 | 4/27/22 | 4/28/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 474 | 1,136 | 1,448 | 600 | 1,040 | 586 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.396 x | 3.127 x | 3.441 x | 2.559 x | 5.2 x | -6.927 x |
| Free Cash Flow 1 | -848 | -206 | -310 | 139 | -483 | 324 |
| ROE (net income / shareholders' equity) | 12.2% | 11.1% | 9.3% | -31.2% | 4.39% | -40% |
| ROA (Net income/ Total Assets) | 5.58% | 4.68% | 4.19% | 1.77% | 1.95% | -2.64% |
| Assets 1 | 4,114 | 5,010 | 5,531 | -35,975 | 3,350 | 17,365 |
| Book Value Per Share 2 | 5.890 | 6.240 | 6.620 | 4.700 | 4.580 | 2.650 |
| Cash Flow per Share 2 | 0.8800 | 1.410 | 1.390 | 2.050 | 1.400 | 1.610 |
| Capex 1 | 346 | 726 | 167 | 132 | 142 | 66.3 |
| Capex / Sales | 26.4% | 54.14% | 11% | 9.47% | 8.67% | 5.75% |
| Announcement Date | 4/24/19 | 4/28/20 | 4/23/21 | 4/27/22 | 4/28/23 | 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
| 1st Jan change | Capi. | |
|---|---|---|
| -27.31% | 264M | |
| +67.32% | 6.8B | |
| -8.14% | 3.19B | |
| -15.78% | 2.04B | |
| +6.42% | 1.95B | |
| -27.04% | 1.92B | |
| +5.78% | 1.05B | |
| +76.53% | 927M | |
| -19.35% | 918M | |
| -22.20% | 773M |
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