Financials Beijing Career International Co., Ltd

Equities

300662

CNE100002NJ5

Employment Services

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
19.86 ^CNY	+3.38%		+9.36%	-28.10%

Apr. 26	Beijing Career International Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Feb. 28	Beijing Career International Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	5,722	9,769	11,229	9,533	5,436	3,909	-
Enterprise Value (EV) ¹	5,722	9,769	11,229	9,533	5,436	3,909	3,909
P/E ratio	37.6 x	52.6 x	46.2 x	33.1 x	26.9 x	14.8 x	10.9 x
Yield	0.53%	-	0.33%	0.24%	0.29%	1.11%	1.85%
Capitalization / Revenue	1.6 x	2.48 x	1.6 x	1.05 x	0.56 x	0.33 x	0.25 x
EV / Revenue	1.6 x	2.48 x	1.6 x	1.05 x	0.56 x	0.33 x	0.25 x
EV / EBITDA	24.1 x	36 x	29.9 x	21.2 x	20.2 x	9.56 x	7.06 x
EV / FCF	-	-	-150 x	34.9 x	48 x	39.9 x	26.2 x
FCF Yield	-	-	-0.67%	2.87%	2.08%	2.51%	3.81%
Price to Book	6.73 x	9.53 x	5.97 x	4.26 x	3.03 x	1.47 x	1.33 x
Nbr of stocks (in thousands)	180,000	180,569	180,506	194,550	196,806	196,806	-
Reference price ²	31.79	54.10	62.21	49.00	27.62	19.86	19.86
Announcement Date	2/27/20	2/24/21	2/25/22	2/27/23	2/28/24	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	3,586	3,932	7,010	9,092	9,780	11,716	15,613
EBITDA ¹	237.8	271.6	375.5	450.4	269	409	553.5
EBIT ¹	217.2	244.3	350.9	419.6	237.3	372.7	521.8
Operating Margin	6.06%	6.21%	5.01%	4.62%	2.43%	3.18%	3.34%
Earnings before Tax (EBT) ¹	233.5	271.1	387.8	476.7	291.8	407	562.3
Net income ¹	152.2	186.3	252.5	290.7	201.4	264.5	360
Net margin	4.25%	4.74%	3.6%	3.2%	2.06%	2.26%	2.31%
EPS ²	0.8451	1.029	1.345	1.481	1.026	1.345	1.830
Free Cash Flow ¹	-	-	-74.91	273.3	113.1	98	149
FCF margin	-	-	-1.07%	3.01%	1.16%	0.84%	0.95%
FCF Conversion (EBITDA)	-	-	-	60.67%	42.06%	23.96%	26.92%
FCF Conversion (Net income)	-	-	-	94.02%	56.18%	37.05%	41.39%
Dividend per Share ²	0.1670	-	0.2070	0.1170	0.0800	0.2200	0.3675
Announcement Date	2/27/20	2/24/21	2/25/22	2/27/23	2/28/24	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1	2022 Q3
Net sales	-	-
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income ¹	52.57	86.05
Net margin	-	-
EPS	0.2684	-
Dividend per Share	-	-
Announcement Date	4/27/22	10/27/22

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-74.9	273	113	98	149
ROE (net income / shareholders' equity)	19.2%	19.7%	16.3%	13.5%	9.91%	10.1%	12.4%
ROA (Net income/ Total Assets)	9.8%	10.2%	9.27%	8.15%	5.35%	5.65%	6.47%
Assets ¹	1,553	1,835	2,723	3,567	3,762	4,681	5,566
Book Value Per Share ²	4.730	5.680	10.40	11.50	9.120	13.50	14.90
Cash Flow per Share ²	0.6800	1.100	-0.2200	1.720	0.8900	0.8900	-0.0400
Capex ¹	27.2	39.5	32.2	64.4	61.9	16.2	27.6
Capex / Sales	0.76%	1%	0.46%	0.71%	0.63%	0.14%	0.18%
Announcement Date	2/27/20	2/24/21	2/25/22	2/27/23	2/28/24	-	-

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 Beijing Career International Co., Ltd

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

19.86 CNY

Average target price

30.08 CNY

Spread / Average Target

+51.44%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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