YUNNAN WATER INVESTMENT CO., LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.236 HKD | +3.96% |
|
+18.00% | -1.67% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,295 | 1,824 | 923.9 | 884.7 | 374.1 | 260.3 |
| Enterprise Value (EV) 1 | 17,010 | 21,025 | 26,817 | 29,157 | 29,945 | 30,394 |
| P/E ratio | 5.77 x | 4.74 x | 4.14 x | -0.88 x | -0.35 x | -0.38 x |
| Yield | 7.8% | 9.48% | 7.75% | - | - | - |
| Capitalization / Revenue | 0.37 x | 0.28 x | 0.11 x | 0.17 x | 0.1 x | 0.08 x |
| EV / Revenue | 2.72 x | 3.22 x | 3.19 x | 5.52 x | 7.9 x | 9.75 x |
| EV / EBITDA | 10.2 x | 10.5 x | 12.2 x | 31.1 x | 23.8 x | 37.4 x |
| EV / FCF | -11.2 x | -57.9 x | -33 x | 7.18 x | 10.5 x | 171 x |
| FCF Yield | -8.89% | -1.73% | -3.03% | 13.9% | 9.52% | 0.58% |
| Price to Book | 0.5 x | 0.4 x | 0.18 x | 0.22 x | 0.14 x | 0.13 x |
| Nbr of stocks (in thousands) | 1,193,213 | 1,153,213 | 1,193,213 | 1,193,213 | 1,193,213 | 1,193,213 |
| Reference price 2 | 1.923 | 1.582 | 0.7743 | 0.7415 | 0.3135 | 0.2181 |
| Announcement Date | 4/25/19 | 4/28/20 | 4/28/21 | 5/30/22 | 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 | 6,256 | 6,538 | 8,397 | 5,281 | 3,789 | 3,117 |
| EBITDA 1 | 1,671 | 1,998 | 2,202 | 938.6 | 1,258 | 813.4 |
| EBIT 1 | 1,206 | 1,497 | 1,635 | 297.9 | 454.9 | 82.42 |
| Operating Margin | 19.28% | 22.9% | 19.48% | 5.64% | 12% | 2.64% |
| Earnings before Tax (EBT) 1 | 644.2 | 677.5 | 502.6 | -1,031 | -982.4 | -814.7 |
| Net income 1 | 480.9 | 518 | 340.7 | -888.3 | -952.8 | -688.1 |
| Net margin | 7.69% | 7.92% | 4.06% | -16.82% | -25.14% | -22.08% |
| EPS 2 | 0.3333 | 0.3337 | 0.1870 | -0.8396 | -0.8886 | -0.5767 |
| Free Cash Flow 1 | -1,513 | -362.9 | -812.2 | 4,061 | 2,852 | 177.7 |
| FCF margin | -24.18% | -5.55% | -9.67% | 76.9% | 75.26% | 5.7% |
| FCF Conversion (EBITDA) | - | - | - | 432.67% | 226.73% | 21.84% |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1500 | 0.1500 | 0.0600 | - | - | - |
| Announcement Date | 4/25/19 | 4/28/20 | 4/28/21 | 5/30/22 | 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 | 14,716 | 19,201 | 25,893 | 28,272 | 29,571 | 30,134 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 8.808 x | 9.61 x | 11.76 x | 30.12 x | 23.51 x | 37.05 x |
| Free Cash Flow 1 | -1,513 | -363 | -812 | 4,061 | 2,852 | 178 |
| ROE (net income / shareholders' equity) | 7.29% | 7.16% | 4.23% | -13.9% | -19.2% | -25.1% |
| ROA (Net income/ Total Assets) | 2.52% | 2.58% | 2.35% | 0.39% | 0.6% | 0.11% |
| Assets 1 | 19,072 | 20,076 | 14,522 | -228,235 | -159,356 | -624,948 |
| Book Value Per Share 2 | 3.820 | 3.980 | 4.340 | 3.360 | 2.300 | 1.660 |
| Cash Flow per Share 2 | 1.860 | 2.070 | 1.420 | 0.3600 | 0.5000 | 0.7500 |
| Capex 1 | 312 | 804 | - | 199 | 264 | 134 |
| Capex / Sales | 4.99% | 12.3% | - | 3.77% | 6.97% | 4.3% |
| Announcement Date | 4/25/19 | 4/28/20 | 4/28/21 | 5/30/22 | 4/28/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -1.67% | 34.65M | |
| +2.54% | 10.48B | |
| -0.84% | 9.46B | |
| +2.41% | 9.2B | |
| +8.92% | 2.98B | |
| +29.00% | 3.02B | |
| -2.18% | 2.93B | |
| -7.92% | 2.76B | |
| -6.19% | 2.51B | |
| -2.31% | 1.79B |
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