BAIRONG INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.88 HKD | +3.67% |
|
+6.58% | -26.92% |
| Apr. 15 | Bairong Inc. Announces the Resignation of Cathryn Xie Jianing as Executive Director | CI |
| Mar. 25 | Bairong's 2023 Profit Jumps as Revenue Surges 31% | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,048 | 4,544 | 5,808 | 4,305 | - | - |
| Enterprise Value (EV) 1 | 660 | 3,787 | 5,808 | 2,468 | 1,884 | 4,305 |
| P/E ratio | -0.93 x | 20 x | 18.1 x | 11.4 x | 8.7 x | 6.91 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 2.49 x | 2.21 x | 2.17 x | 1.4 x | 1.13 x | 1 x |
| EV / Revenue | 0.41 x | 1.84 x | 2.17 x | 0.8 x | 0.5 x | 1 x |
| EV / EBITDA | 2.83 x | 14.4 x | 15.5 x | 5.14 x | 3.03 x | - |
| EV / FCF | 2.7 x | 13.6 x | - | 8.84 x | 4.02 x | - |
| FCF Yield | 37% | 7.34% | - | 11.3% | 24.9% | - |
| Price to Book | 1.03 x | - | - | 0.95 x | 0.87 x | 0.83 x |
| Nbr of stocks (in thousands) | 477,730 | 483,546 | 472,659 | 471,015 | - | - |
| Reference price 2 | 8.474 | 9.397 | 12.29 | 9.139 | 9.139 | 9.139 |
| Announcement Date | 3/23/22 | 3/22/23 | 3/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,137 | 1,623 | 2,054 | 2,681 | 3,081 | 3,798 | 4,325 |
| EBITDA 1 | - | 233.5 | 263.5 | 374.7 | 480.4 | 622.5 | - |
| EBIT 1 | - | 80.04 | 234.8 | 346.8 | 392.4 | 559.4 | 678.1 |
| Operating Margin | - | 4.93% | 11.43% | 12.93% | 12.74% | 14.73% | 15.68% |
| Earnings before Tax (EBT) 1 | - | -3,597 | 228.6 | 336.2 | 383.5 | 549.4 | 670.9 |
| Net income 1 | -110.6 | -3,603 | 239.7 | 340.5 | 400.1 | 522.9 | 662.8 |
| Net margin | -9.73% | -221.93% | 11.67% | 12.7% | 12.99% | 13.77% | 15.33% |
| EPS 2 | -0.8100 | -9.160 | 0.4700 | 0.6800 | 0.8050 | 1.050 | 1.323 |
| Free Cash Flow 1 | - | 244 | 278 | - | 279 | 469 | - |
| FCF margin | - | 15.03% | 13.53% | - | 9.06% | 12.35% | - |
| FCF Conversion (EBITDA) | - | 104.52% | 105.5% | - | 58.07% | 75.34% | - |
| FCF Conversion (Net income) | - | - | 115.99% | - | 69.72% | 89.7% | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 4/15/21 | 3/23/22 | 3/22/23 | 3/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 3,388 | 757 | - | 1,837 | 2,420 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 244 | 278 | - | 279 | 469 | - |
| ROE (net income / shareholders' equity) | - | 9.89% | 3.49% | - | 8.67% | 10.2% | 12.4% |
| ROA (Net income/ Total Assets) | - | 4.55% | 3.2% | - | 7.29% | 8.49% | 10.9% |
| Assets 1 | - | -79,135 | 7,486 | - | 5,486 | 6,161 | 6,058 |
| Book Value Per Share 2 | - | 8.250 | - | - | 9.610 | 10.50 | 11.00 |
| Cash Flow per Share 2 | - | 0.6700 | 0.5900 | - | 0.7200 | 0.9400 | 1.080 |
| Capex 1 | - | 21.1 | 24.5 | - | 143 | 116 | 91 |
| Capex / Sales | - | 1.3% | 1.19% | - | 4.64% | 3.05% | 2.1% |
| Announcement Date | 4/15/21 | 3/23/22 | 3/22/23 | 3/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
9.139
CNY
Average target price
16.98
CNY
Spread / Average Target
+85.77%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -26.92% | 573M | |
| +24.88% | 3.95B | |
| +1.59% | 3.04B | |
| -24.91% | 1.69B | |
| -50.82% | 852M | |
| -15.37% | 320M | |
| -32.38% | 282M | |
| +16.06% | 233M | |
| -10.15% | 202M | |
| +88.40% | 132M |
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