ANHUI KOUZI DISTILLERY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 40.72 CNY | +3.72% |
|
+6.85% | -10.11% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 21,042 | 32,946 | 41,235 | 42,300 | 34,421 | 24,304 | 24,304 | - |
| Enterprise Value (EV) 1 | 21,042 | 32,946 | 39,731 | 40,422 | 34,421 | 22,403 | 21,246 | 19,874 |
| P/E ratio | 13.8 x | 19.1 x | 32.3 x | 24.6 x | 22.4 x | 13.5 x | 11.5 x | 9.9 x |
| Yield | 4.28% | 2.73% | 1.74% | 2.12% | 2.6% | 3.7% | 4.31% | 4.92% |
| Capitalization / Revenue | 4.93 x | 7.05 x | 10.3 x | 8.41 x | 6.7 x | 4.02 x | 3.48 x | 3.04 x |
| EV / Revenue | 4.93 x | 7.05 x | 9.91 x | 8.04 x | 6.7 x | 3.71 x | 3.05 x | 2.48 x |
| EV / EBITDA | 9.69 x | 13.7 x | 21.6 x | 15.9 x | 15.4 x | 8.6 x | 6.95 x | 5.57 x |
| EV / FCF | - | - | 348 x | 159 x | 79.9 x | 14.9 x | 11.4 x | 9.17 x |
| FCF Yield | - | - | 0.29% | 0.63% | 1.25% | 6.7% | 8.79% | 10.9% |
| Price to Book | 3.41 x | 4.7 x | 5.71 x | 5.15 x | 3.89 x | 2.47 x | 2.17 x | 1.9 x |
| Nbr of stocks (in thousands) | 600,000 | 600,000 | 598,478 | 596,866 | 596,866 | 596,866 | 596,866 | - |
| Reference price 2 | 35.07 | 54.91 | 68.90 | 70.87 | 57.67 | 40.72 | 40.72 | 40.72 |
| Announcement Date | 4/17/19 | 4/27/20 | 4/28/21 | 3/14/22 | 4/27/23 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,269 | 4,672 | 4,011 | 5,029 | 5,135 | 6,043 | 6,977 | 8,002 |
| EBITDA 1 | 2,172 | 2,413 | 1,841 | 2,536 | 2,242 | 2,604 | 3,057 | 3,566 |
| EBIT 1 | 2,060 | 2,278 | 1,687 | 2,361 | 2,101 | 2,439 | 2,857 | 3,327 |
| Operating Margin | 48.25% | 48.76% | 42.06% | 46.95% | 40.91% | 40.37% | 40.95% | 41.58% |
| Earnings before Tax (EBT) 1 | 2,061 | 2,272 | 1,670 | 2,365 | 2,102 | 2,447 | 2,863 | 3,338 |
| Net income 1 | 1,533 | 1,720 | 1,276 | 1,727 | 1,550 | 1,809 | 2,115 | 2,468 |
| Net margin | 35.9% | 36.82% | 31.8% | 34.34% | 30.19% | 29.93% | 30.31% | 30.84% |
| EPS 2 | 2.550 | 2.870 | 2.130 | 2.880 | 2.580 | 3.015 | 3.526 | 4.112 |
| Free Cash Flow 1 | - | - | 114.3 | 254.7 | 430.9 | 1,500 | 1,866 | 2,167 |
| FCF margin | - | - | 2.85% | 5.06% | 8.39% | 24.82% | 26.75% | 27.08% |
| FCF Conversion (EBITDA) | - | - | 6.21% | 10.04% | 19.22% | 57.61% | 61.06% | 60.77% |
| FCF Conversion (Net income) | - | - | 8.96% | 14.75% | 27.8% | 82.93% | 88.27% | 87.81% |
| Dividend per Share 2 | 1.500 | 1.500 | 1.200 | 1.500 | 1.500 | 1.508 | 1.756 | 2.005 |
| Announcement Date | 4/17/19 | 4/27/20 | 4/28/21 | 3/14/22 | 4/27/23 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q2 | 2022 S1 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | 2,243 | - | 1,400 | 2,786 | - | - | - | 3,098 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 830 | 1,435 | 337.4 | - | - | - |
| Operating Margin | - | - | - | 59.29% | 51.53% | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | 831.9 | 1,438 | - | - | - | 1,325 |
| Net income | 267.3 | 687.4 | 462.8 | 576.8 | 1,040 | - | 739.5 | 847.8 | - |
| Net margin | - | 30.65% | - | 41.2% | 37.32% | - | - | - | - |
| EPS | - | - | 0.7700 | - | 1.730 | - | 1.230 | 1.410 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/26/21 | 8/26/21 | 10/27/21 | 3/14/22 | 3/14/22 | 8/25/22 | 8/25/22 | 8/28/23 | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 1,504 | 1,877 | - | 1,901 | 3,058 | 4,430 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 114 | 255 | 431 | 1,500 | 1,867 | 2,167 |
| ROE (net income / shareholders' equity) | 24.9% | 26.1% | 18.1% | 20.9% | 18.2% | 18.4% | 19% | 19.4% |
| ROA (Net income/ Total Assets) | 18.6% | 18.8% | 13.2% | 14.2% | 13.7% | 14.4% | 15% | 15.4% |
| Assets 1 | 8,259 | 9,172 | 9,654 | 12,126 | 11,283 | 12,598 | 14,094 | 16,045 |
| Book Value Per Share 2 | 10.30 | 11.70 | 12.10 | 13.80 | 14.80 | 16.50 | 18.70 | 21.50 |
| Cash Flow per Share 2 | 1.870 | 2.160 | 0.8300 | 1.310 | 1.380 | 2.830 | 3.120 | 3.870 |
| Capex 1 | 273 | 137 | 384 | 531 | 398 | 458 | 416 | 421 |
| Capex / Sales | 6.4% | 2.94% | 9.58% | 10.56% | 7.75% | 7.58% | 5.97% | 5.26% |
| Announcement Date | 4/17/19 | 4/27/20 | 4/28/21 | 3/14/22 | 4/27/23 | - | - | - |
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
D
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
40.72
CNY
Average target price
65.56
CNY
Spread / Average Target
+61.01%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.11% | 3.35B | |
| -0.96% | 296B | |
| +8.51% | 81.55B | |
| +9.34% | 42.47B | |
| +3.90% | 37.87B | |
| -8.93% | 20.81B | |
| +13.62% | 16.62B | |
| -8.10% | 12.04B | |
| +7.26% | 10.21B | |
| +21.13% | 10.16B |
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