ALIBABA PICTURES GROUP LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.48 HKD | +1.05% |
|
+2.13% | 0.00% |
| May. 06 | YH Entertainment Arm Renews Framework Deal with Youku Information Technology | MT |
| May. 01 | Alibaba Pictures Expects Return to Profit in FY2023/2024 | MT |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 37,014 | 26,822 | 27,103 | 17,534 | 13,758 | 14,155 | - | - |
| Enterprise Value (EV) 2 | 33,105 | 23,067 | 22,764 | 13,590 | 9,653 | 10,446 | 9,624 | 8,257 |
| P/E ratio | -119 x | -21 x | -236 x | 82.2 x | -40.9 x | 21.8 x | 11.5 x | 9.09 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 10.7 x | 8.6 x | 7.82 x | 4.08 x | 3.55 x | 2.58 x | 2.01 x | 1.77 x |
| EV / Revenue | 9.61 x | 7.4 x | 6.57 x | 3.16 x | 2.49 x | 1.91 x | 1.36 x | 1.03 x |
| EV / EBITDA | -72.5 x | -24.8 x | 160 x | 20.9 x | -54 x | 14.5 x | 5.91 x | 4.07 x |
| EV / FCF | - | -26.5 x | - | -22.8 x | 15.5 x | 86.2 x | 9.12 x | 5.91 x |
| FCF Yield | - | -3.78% | - | -4.38% | 6.43% | 1.16% | 11% | 16.9% |
| Price to Book | 2.03 x | 1.74 x | 1.64 x | 1 x | 0.85 x | 0.87 x | 0.83 x | 0.78 x |
| Nbr of stocks (in thousands) | 26,628,823 | 26,822,015 | 26,834,946 | 26,975,740 | 26,975,740 | 29,488,769 | - | - |
| Reference price 3 | 1.189 | 0.9135 | 0.8513 | 0.5263 | 0.4462 | 0.4444 | 0.4444 | 0.4444 |
| Announcement Date | 5/28/19 | 5/28/20 | 6/9/21 | 6/1/22 | 5/31/23 | - | - | - |
1CNY in Million2HKD in Million3CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,447 | 3,119 | 3,466 | 4,295 | 3,876 | 5,481 | 7,051 | 7,994 |
| EBITDA 1 | -456.4 | -928.7 | 141.9 | 649.2 | -178.9 | 720.9 | 1,628 | 2,029 |
| EBIT 1 | -564.6 | -1,065 | -130.4 | 328.4 | -243.3 | 621.1 | 1,529 | 1,902 |
| Operating Margin | -16.38% | -34.13% | -3.76% | 7.65% | -6.28% | 11.33% | 21.69% | 23.79% |
| Earnings before Tax (EBT) 1 | -319.1 | -1,233 | -143 | 151.6 | -307.6 | 602.6 | 1,581 | 1,933 |
| Net income 1 | -288.1 | -1,248 | -116.8 | 199.8 | -320.6 | 658.2 | 1,292 | 1,551 |
| Net margin | -8.36% | -40.02% | -3.37% | 4.65% | -8.27% | 12.01% | 18.33% | 19.4% |
| EPS 2 | -0.0100 | -0.0435 | -0.003600 | 0.006400 | -0.0109 | 0.0204 | 0.0388 | 0.0489 |
| Free Cash Flow 1 | - | -871.2 | - | -595.4 | 620.8 | 121.2 | 1,056 | 1,398 |
| FCF margin | - | -27.93% | - | -13.86% | 16.02% | 2.21% | 14.97% | 17.48% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 16.81% | 64.86% | 68.88% |
| FCF Conversion (Net income) | - | - | - | - | - | 18.41% | 81.7% | 90.13% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 5/28/19 | 5/28/20 | 6/9/21 | 6/1/22 | 5/31/23 | - | - | - |
1HKD in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 3,909 | 3,756 | 4,339 | 3,945 | 4,104 | 3,709 | 4,531 | 5,898 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | -871 | - | -595 | 621 | 121 | 1,056 | 1,398 |
| ROE (net income / shareholders' equity) | -1.76% | -8% | -0.7% | 1.22% | -2.07% | 5.01% | 8.68% | 9.39% |
| ROA (Net income/ Total Assets) | - | -7.09% | -0.61% | 1.09% | -1.87% | 4.74% | 8.01% | 8.87% |
| Assets 1 | - | 17,611 | 19,027 | 18,298 | 17,149 | 13,892 | 16,142 | 17,481 |
| Book Value Per Share 2 | 0.5800 | 0.5200 | 0.5200 | 0.5300 | 0.5300 | 0.5100 | 0.5300 | 0.5700 |
| Cash Flow per Share 2 | - | - | - | - | - | 0.0100 | 0.0200 | - |
| Capex 1 | - | 12 | - | 17.8 | 10.4 | 70.4 | 70.4 | 108 |
| Capex / Sales | - | 0.38% | - | 0.42% | 0.27% | 1.28% | 1% | 1.35% |
| Announcement Date | 5/28/19 | 5/28/20 | 6/9/21 | 6/1/22 | 5/31/23 | - | - | - |
1HKD in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
0.4444
CNY
Average target price
0.5573
CNY
Spread / Average Target
+25.42%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| 0.00% | 1.81B | |
| +11.84% | 8.03B | |
| -1.15% | 6.44B | |
| +2.83% | 5.58B | |
| +1.88% | 4.44B | |
| +12.43% | 4.35B | |
| +10.55% | 3.63B | |
| -3.84% | 3.04B | |
| +21.97% | 3.13B | |
| +28.79% | 1.96B |
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