ANHUI GUJING DISTILLERY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 264.5 CNY | +2.33% |
|
+5.05% | +13.62% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 59,735 | 115,251 | 110,550 | 122,324 | 108,062 | 120,450 | - | - |
| Enterprise Value (EV) 1 | 54,115 | 109,411 | 98,841 | 108,722 | 92,284 | 104,799 | 101,968 | 120,450 |
| P/E ratio | 32.6 x | 73.9 x | 54.8 x | 44.9 x | 26.8 x | 23.4 x | 19.8 x | 16.9 x |
| Yield | 1.1% | 0.55% | 0.9% | - | - | 1.66% | 2.06% | 2.95% |
| Capitalization / Revenue | 5.73 x | 11.2 x | 8.33 x | 7.32 x | 5.34 x | 4.81 x | 4.15 x | 3.55 x |
| EV / Revenue | 5.19 x | 10.6 x | 7.45 x | 6.51 x | 4.56 x | 4.19 x | 3.52 x | 3.55 x |
| EV / EBITDA | 17.5 x | 40.4 x | 29.1 x | 22.9 x | 13.9 x | 12.9 x | 10.2 x | 10.6 x |
| EV / FCF | - | 35.7 x | 21.1 x | 71.1 x | 43.5 x | 19.8 x | 20.9 x | - |
| FCF Yield | - | 2.8% | 4.74% | 1.41% | 2.3% | 5.04% | 4.79% | - |
| Price to Book | 7.65 x | 13.6 x | 7.8 x | - | - | 5.24 x | 4.76 x | 3.36 x |
| Nbr of stocks (in thousands) | 503,600 | 503,600 | 528,600 | 528,600 | 528,600 | 528,600 | - | - |
| Reference price 2 | 135.9 | 272.0 | 244.0 | 266.9 | 232.8 | 264.5 | 264.5 | 264.5 |
| Announcement Date | 4/26/20 | 4/29/21 | 3/10/22 | 4/28/23 | 4/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,417 | 10,292 | 13,270 | 16,713 | 20,254 | 25,024 | 29,006 | 33,912 |
| EBITDA 1 | 3,086 | 2,707 | 3,402 | 4,752 | 6,657 | 8,114 | 9,986 | 11,356 |
| EBIT 1 | 2,823 | 2,435 | 3,102 | 4,453 | 6,283 | 7,843 | 9,828 | 13,335 |
| Operating Margin | 27.1% | 23.65% | 23.37% | 26.64% | 31.02% | 31.34% | 33.88% | 39.32% |
| Earnings before Tax (EBT) 1 | 2,873 | 2,474 | 3,171 | 4,470 | 6,332 | 8,309 | 9,876 | 12,510 |
| Net income 1 | 2,098 | 1,855 | 2,298 | 3,143 | 4,589 | 5,679 | 7,044 | 8,281 |
| Net margin | 20.14% | 18.02% | 17.32% | 18.81% | 22.66% | 22.69% | 24.29% | 24.42% |
| EPS 2 | 4.170 | 3.680 | 4.450 | 5.950 | 8.680 | 11.30 | 13.37 | 15.66 |
| Free Cash Flow 1 | - | 3,063 | 4,685 | 1,530 | 2,121 | 5,281 | 4,885 | - |
| FCF margin | - | 29.76% | 35.3% | 9.15% | 10.47% | 21.1% | 16.84% | - |
| FCF Conversion (EBITDA) | - | 113.16% | 137.69% | 32.19% | 31.86% | 65.08% | 48.92% | - |
| FCF Conversion (Net income) | - | 165.16% | 203.87% | 48.67% | 46.21% | 92.99% | 69.35% | - |
| Dividend per Share 2 | 1.500 | 1.500 | 2.200 | - | - | 4.399 | 5.459 | 7.800 |
| Announcement Date | 4/26/20 | 4/29/21 | 3/10/22 | 4/28/23 | 4/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,168 | 6,262 | 5,274 | 3,728 | 3,763 | 3,949 | 6,584 | 4,726 | 4,643 | 4,301 | 8,944 | 8,286 | 5,624 | 5,571 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 441.8 | 1,225 | 1,497 | 1,165 | 966.6 | 824.1 | 2,117 | 1,668 | 1,430 | 1,068 | 2,498 | 2,816 | - | - |
| Operating Margin | 13.95% | 19.56% | 28.39% | 31.24% | 25.69% | 20.87% | 32.15% | 35.28% | 30.8% | 24.84% | 27.94% | 33.99% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | 1,675 | 1,445 | 1,079 | 2,523 | - | - | - |
| Net income | - | - | - | - | - | - | - | 1,210 | 1,033 | 776.5 | 1,810 | - | - | - |
| Net margin | - | - | - | - | - | - | - | 25.6% | 22.25% | 18.06% | 20.23% | - | - | - |
| EPS 2 | 0.6000 | - | 2.080 | 1.550 | 1.330 | 0.9900 | 2.970 | 2.290 | 1.950 | 1.470 | 3.420 | - | 2.940 | 2.560 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/10/22 | 3/10/22 | 4/29/22 | 8/30/22 | 10/30/22 | 4/28/23 | 4/28/23 | 8/30/23 | 10/27/23 | 4/26/24 | 4/26/24 | 4/26/24 | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 5,620 | 5,840 | 11,709 | 13,602 | 15,778 | 15,651 | 18,482 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 3,063 | 4,685 | 1,530 | 2,121 | 5,281 | 4,885 | - |
| ROE (net income / shareholders' equity) | 25.6% | 19.5% | 21.3% | 17.9% | 22.9% | 23.4% | 24.3% | 23.4% |
| ROA (Net income/ Total Assets) | - | 12.8% | 11% | - | - | 15.2% | 16.9% | 18% |
| Assets 1 | - | 14,529 | 20,898 | - | - | 37,372 | 41,707 | 46,006 |
| Book Value Per Share 2 | 17.80 | 19.90 | 31.30 | - | - | 50.50 | 55.60 | 78.80 |
| Cash Flow per Share 2 | 3.820 | 7.190 | 10.20 | - | - | 11.90 | 14.80 | 17.20 |
| Capex 1 | 408 | 562 | 570 | 1,578 | 2,375 | 1,464 | 1,449 | 1,900 |
| Capex / Sales | 3.92% | 5.46% | 4.29% | 9.44% | 11.73% | 5.85% | 5% | 5.6% |
| Announcement Date | 4/26/20 | 4/29/21 | 3/10/22 | 4/28/23 | 4/26/24 | - | - | - |
1CNY 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
18
Last Close Price
264.5
CNY
Average target price
292.5
CNY
Spread / Average Target
+10.58%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.62% | 16.62B | |
| -0.96% | 296B | |
| +8.51% | 81.55B | |
| +9.34% | 42.47B | |
| +3.90% | 37.87B | |
| -8.93% | 20.81B | |
| -8.10% | 12.04B | |
| +7.26% | 10.21B | |
| +21.13% | 10.16B | |
| +4.00% | 7.61B |
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- Financials Anhui Gujing Distillery Co., Ltd.
