Financials Arrow Home Group Co., Ltd.

Equities

001322

CNE100005KW7

Construction Supplies & Fixtures

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-09 pm EDT			5-day change	1st Jan Change
9.42 ^CNY	+0.64%		+3.86%	-20.57%

Apr. 19	Arrow Home Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 02	Tranche Update on Arrow Home Group Co., Ltd.'s Equity Buyback Plan announced on October 30, 2023.	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	14,677	11,506	9,116	-	-
Enterprise Value (EV) ¹	14,677	11,243	8,989	8,744	8,378
P/E ratio	22.7 x	27 x	19.6 x	15.9 x	13.8 x
Yield	1.21%	1.11%	1.56%	2.05%	2.55%
Capitalization / Revenue	1.95 x	1.5 x	1.09 x	0.96 x	0.88 x
EV / Revenue	1.95 x	1.47 x	1.07 x	0.92 x	0.81 x
EV / EBITDA	14.1 x	12.4 x	7.92 x	6.68 x	5.82 x
EV / FCF	-	37.8 x	-203 x	34.6 x	12.4 x
FCF Yield	-	2.65%	-0.49%	2.89%	8.09%
Price to Book	3.1 x	2.3 x	1.72 x	1.58 x	1.48 x
Nbr of stocks (in thousands)	965,613	970,122	967,752	-	-
Reference price ²	15.20	11.86	9.420	9.420	9.420
Announcement Date	4/11/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	7,513	7,648	8,368	9,507	10,317
EBITDA ¹	-	1,042	907.5	1,136	1,309	1,440
EBIT ¹	-	693.7	469.3	531.5	663	766.9
Operating Margin	-	9.23%	6.14%	6.35%	6.97%	7.43%
Earnings before Tax (EBT) ¹	-	693.8	468.4	515.2	642.5	736.3
Net income ¹	577.1	593	424.6	465.1	576	662.8
Net margin	-	7.89%	5.55%	5.56%	6.06%	6.42%
EPS ²	0.6600	0.6700	0.4400	0.4797	0.5938	0.6836
Free Cash Flow ¹	-	-	297.5	-44.28	253	677.4
FCF margin	-	-	3.89%	-0.53%	2.66%	6.57%
FCF Conversion (EBITDA)	-	-	32.78%	-	19.33%	47.03%
FCF Conversion (Net income)	-	-	70.05%	-	43.92%	102.2%
Dividend per Share ²	-	0.1840	0.1320	0.1474	0.1931	0.2403
Announcement Date	9/5/22	4/11/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	2,324	1,846	2,368	1,135	2,371	2,031	2,536
EBITDA	-	-	-	-	-	-	-
EBIT ¹	194.5	130.9	135.6	-92.44	184.2	139.6	216.5
Operating Margin	8.37%	7.09%	5.72%	-8.15%	7.77%	6.87%	8.54%
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-
EPS ²	0.1800	0.1200	0.1400	-0.0937	0.1700	0.1300	0.2100
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	8/21/23	10/27/23	4/19/24	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-
Net Cash position ¹	-	-	263	127	373	739
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	-	-	297	-44.3	253	677
ROE (net income / shareholders' equity)	-	17.1%	8.56%	8.99%	10.1%	10.8%
ROA (Net income/ Total Assets)	-	6.29%	-	4.58%	5.17%	5.85%
Assets ¹	-	9,424	-	10,158	11,138	11,330
Book Value Per Share ²	-	4.910	5.160	5.490	5.970	6.360
Cash Flow per Share ²	-	0.4200	1.200	1.210	1.730	1.500
Capex ¹	-	1,276	869	760	755	890
Capex / Sales	-	16.99%	11.36%	9.09%	7.94%	8.63%
Announcement Date	9/5/22	4/11/23	4/19/24	-	-	-

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

Ratings for Arrow Home Group Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9.42 CNY

Average target price

10.2 CNY

Spread / Average Target

+8.28%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Bathroom Fixtures