Financials 51 Credit Card Inc.

Equities

2051

KYG341531096

Financial Technology (Fintech)

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.118 HKD +0.85% Intraday chart for 51 Credit Card Inc. +12.38% +42.17%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022
Capitalization 1 4,531 1,555 537.3 586.6 217.1
Enterprise Value (EV) 1 3,530 304.2 311.2 471.4 1.393
P/E ratio 0.99 x -1.15 x -0.25 x -2.24 x -2.28 x
Yield - - - - -
Capitalization / Revenue 1.64 x 0.77 x 2.05 x 1.37 x 0.56 x
EV / Revenue 1.28 x 0.15 x 1.19 x 1.1 x 0 x
EV / EBITDA 22.5 x -0.28 x -0.62 x -29.9 x -0.02 x
EV / FCF -62.2 x 0.73 x -0.56 x -5.57 x -0.01 x
FCF Yield -1.61% 137% -178% -17.9% -10,047%
Price to Book 1.28 x 0.62 x 0.55 x 0.77 x 0.3 x
Nbr of stocks (in thousands) 1,194,426 1,191,654 1,358,320 1,358,320 1,358,320
Reference price 2 3.793 1.305 0.3956 0.4318 0.1599
Announcement Date 4/29/19 4/27/20 4/28/21 3/30/22 4/27/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 2,269 2,767 2,030 261.7 428.9 389.4
EBITDA 1 596 157.1 -1,083 -506 -15.79 -65.08
EBIT 1 570.8 98.84 -1,146 -555.3 -35.26 -79
Operating Margin 25.16% 3.57% -56.44% -212.16% -8.22% -20.29%
Earnings before Tax (EBT) 1 -1,362 2,081 -1,287 -1,431 -210.9 -94.4
Net income 1 -1,371 2,162 -1,129 -1,699 -233.7 -82.7
Net margin -60.45% 78.14% -55.61% -649.18% -54.48% -21.23%
EPS 2 -7.898 3.836 -1.130 -1.561 -0.1928 -0.0700
Free Cash Flow 1 441 -56.72 416.7 -554.3 -84.58 -140
FCF margin 19.44% -2.05% 20.53% -211.77% -19.72% -35.95%
FCF Conversion (EBITDA) 73.99% - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 6/29/18 4/29/19 4/27/20 4/28/21 3/30/22 4/27/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 6,712 - - - - -
Net Cash position 1 - 1,001 1,251 226 115 216
Leverage (Debt/EBITDA) 11.26 x - - - - -
Free Cash Flow 1 441 -56.7 417 -554 -84.6 -140
ROE (net income / shareholders' equity) 35.9% -419% -36.4% -97.1% -30% -13.3%
ROA (Net income/ Total Assets) 6.04% 0.81% -10.8% -9.12% -1.28% -3.66%
Assets 1 -22,699 267,023 10,463 18,634 18,193 2,257
Book Value Per Share 2 -15.40 2.950 2.120 0.7100 0.5600 0.5200
Cash Flow per Share 2 4.230 1.010 1.080 0.3000 0.2300 0.2800
Capex 1 239 72.3 4.05 2.34 1.81 18.4
Capex / Sales 10.52% 2.61% 0.2% 0.89% 0.42% 4.73%
Announcement Date 6/29/18 4/29/19 4/27/20 4/28/21 3/30/22 4/27/23
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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