Financials Changan Minsheng APLL Logistics Co., Ltd.

Equities

1292

CNE1000002X8

Ground Freight & Logistics

Delayed Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
2.44 HKD -2.01% Intraday chart for Changan Minsheng APLL Logistics Co., Ltd. +12.44% +21.39%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 677.6 516.6 311.4 313.7 249.6 264.8
Enterprise Value (EV) 1 -583.3 -610.4 -464.9 -660.8 -807.9 -407.9
P/E ratio 5.32 x 11.2 x -5.56 x 745 x 8.56 x 6.88 x
Yield 3.59% 3.14% - - 3.25% 9.18%
Capitalization / Revenue 0.1 x 0.1 x 0.07 x 0.07 x 0.04 x 0.03 x
EV / Revenue -0.09 x -0.12 x -0.11 x -0.14 x -0.13 x -0.05 x
EV / EBITDA -2.1 x -3.96 x -43.5 x -9.11 x -8.81 x -3.27 x
EV / FCF -6.37 x 64.6 x 1.99 x -2.98 x -10.2 x 1.35 x
FCF Yield -15.7% 1.55% 50.2% -33.6% -9.77% 74.3%
Price to Book 0.35 x 0.26 x 0.16 x 0.16 x 0.13 x 0.13 x
Nbr of stocks (in thousands) 162,064 162,064 162,064 162,064 162,064 162,064
Reference price 2 4.181 3.187 1.921 1.936 1.540 1.634
Announcement Date 4/17/18 4/16/19 4/21/20 4/20/21 4/28/22 4/27/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 6,614 5,112 4,342 4,686 6,021 7,697
EBITDA 1 277.5 154 10.68 72.56 91.73 124.7
EBIT 1 185.4 60.42 -75.71 -16.13 10.86 35.79
Operating Margin 2.8% 1.18% -1.74% -0.34% 0.18% 0.46%
Earnings before Tax (EBT) 1 218.9 101.8 -36.7 23.24 58.84 68.29
Net income 1 127.3 46.11 -55.97 0.421 29.15 38.48
Net margin 1.92% 0.9% -1.29% 0.01% 0.48% 0.5%
EPS 2 0.7855 0.2845 -0.3453 0.002597 0.1799 0.2374
Free Cash Flow 1 91.6 -9.453 -233.2 221.7 78.89 -303
FCF margin 1.38% -0.18% -5.37% 4.73% 1.31% -3.94%
FCF Conversion (EBITDA) 33.01% - - 305.6% 86% -
FCF Conversion (Net income) 71.95% - - 52,671.56% 270.66% -
Dividend per Share 2 0.1500 0.1000 - - 0.0500 0.1500
Announcement Date 4/17/18 4/16/19 4/21/20 4/20/21 4/28/22 4/27/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 1,261 1,127 776 975 1,057 673
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 91.6 -9.45 -233 222 78.9 -303
ROE (net income / shareholders' equity) 7.99% 3.18% -2.16% 0.68% 2.04% 2.18%
ROA (Net income/ Total Assets) 2.45% 0.8% -1.03% -0.23% 0.16% 0.49%
Assets 1 5,186 5,756 5,431 -187 18,413 7,822
Book Value Per Share 2 12.00 12.20 11.80 11.80 12.00 12.30
Cash Flow per Share 2 7.680 7.340 5.100 5.520 6.120 4.660
Capex 1 119 134 151 53.5 51.2 93.2
Capex / Sales 1.79% 2.61% 3.47% 1.14% 0.85% 1.21%
Announcement Date 4/17/18 4/16/19 4/21/20 4/20/21 4/28/22 4/27/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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