BAIYANG INVESTMENT GROUP, INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.07 CNY | -0.20% |
|
+4.75% | -23.41% |
| May. 16 | China Bester Group Telecom's Controlling Shareholder Divests 5% Stake | MT |
| Apr. 26 | Baiyang Investment Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,542 | 2,096 | 2,064 | 2,047 | 2,608 | 2,293 |
| Enterprise Value (EV) 1 | 3,620 | 2,685 | 2,690 | 2,720 | 3,017 | 2,782 |
| P/E ratio | 62 x | -8.3 x | 99.3 x | 73.9 x | 41.8 x | -82.8 x |
| Yield | 0.56% | - | - | - | - | - |
| Capitalization / Revenue | 1.13 x | 0.74 x | 0.83 x | 0.7 x | 0.81 x | 0.84 x |
| EV / Revenue | 1.16 x | 0.94 x | 1.08 x | 0.94 x | 0.94 x | 1.02 x |
| EV / EBITDA | 14.2 x | 14.6 x | 17.9 x | 21 x | 18.8 x | 39.4 x |
| EV / FCF | -23.5 x | 94.7 x | -11.8 x | -31.9 x | 13.5 x | -32.5 x |
| FCF Yield | -4.26% | 1.06% | -8.45% | -3.13% | 7.4% | -3.08% |
| Price to Book | 1.63 x | 1.58 x | 1.54 x | 1.5 x | 1.83 x | 1.64 x |
| Nbr of stocks (in thousands) | 395,311 | 349,387 | 346,362 | 346,362 | 346,362 | 346,362 |
| Reference price 2 | 8.960 | 6.000 | 5.960 | 5.910 | 7.530 | 6.620 |
| Announcement Date | 4/29/19 | 4/27/20 | 4/27/21 | 4/26/22 | 4/26/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,134 | 2,844 | 2,483 | 2,905 | 3,214 | 2,720 |
| EBITDA 1 | 255 | 183.4 | 149.9 | 129.7 | 160.5 | 70.57 |
| EBIT 1 | 164.3 | 75.43 | 57.08 | 32.91 | 64.6 | -27.41 |
| Operating Margin | 5.24% | 2.65% | 2.3% | 1.13% | 2.01% | -1.01% |
| Earnings before Tax (EBT) 1 | 85.96 | -281.4 | 38.12 | 27.18 | 62.65 | -39.25 |
| Net income 1 | 57.14 | -285.7 | 22.27 | 26.83 | 62.34 | -27.59 |
| Net margin | 1.82% | -10.05% | 0.9% | 0.92% | 1.94% | -1.01% |
| EPS 2 | 0.1445 | -0.7227 | 0.0600 | 0.0800 | 0.1800 | -0.0800 |
| Free Cash Flow 1 | -154.1 | 28.36 | -227.3 | -85.17 | 223.2 | -85.71 |
| FCF margin | -4.92% | 1% | -9.16% | -2.93% | 6.95% | -3.15% |
| FCF Conversion (EBITDA) | - | 15.47% | - | - | 139.07% | - |
| FCF Conversion (Net income) | - | - | - | - | 358.1% | - |
| Dividend per Share 2 | 0.0500 | - | - | - | - | - |
| Announcement Date | 4/29/19 | 4/27/20 | 4/27/21 | 4/26/22 | 4/26/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 77.7 | 589 | 626 | 673 | 408 | 489 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.3048 x | 3.213 x | 4.175 x | 5.19 x | 2.545 x | 6.933 x |
| Free Cash Flow 1 | -154 | 28.4 | -227 | -85.2 | 223 | -85.7 |
| ROE (net income / shareholders' equity) | 3.15% | -14.3% | 1.88% | 2.24% | 4.56% | -1.55% |
| ROA (Net income/ Total Assets) | 2.81% | 1.35% | 1.24% | 0.75% | 1.44% | -0.58% |
| Assets 1 | 2,031 | -21,234 | 1,795 | 3,601 | 4,343 | 4,723 |
| Book Value Per Share 2 | 5.510 | 3.800 | 3.860 | 3.940 | 4.120 | 4.040 |
| Cash Flow per Share 2 | 1.050 | 1.250 | 1.190 | 0.7200 | 0.9200 | 1.790 |
| Capex 1 | 82.9 | 142 | 65.3 | 73 | 74.8 | 87.8 |
| Capex / Sales | 2.65% | 4.99% | 2.63% | 2.51% | 2.33% | 3.23% |
| Announcement Date | 4/29/19 | 4/27/20 | 4/27/21 | 4/26/22 | 4/26/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -23.41% | 243M | |
| +18.15% | 12.15B | |
| +12.88% | 6.57B | |
| +3.98% | 5.36B | |
| +13.78% | 5.09B | |
| -17.79% | 2.79B | |
| +4.70% | 1.95B | |
| -6.80% | 1.37B | |
| -8.29% | 975M | |
| -16.58% | 966M |
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- Financials Baiyang Investment Group, Inc.
