Financials Changsha Tongcheng Holdings Co.Ltd

Equities

000419

CNE000000LL0

Department Stores

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
4.58 CNY +2.46% Intraday chart for Changsha Tongcheng Holdings Co.Ltd +3.15% -18.51%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,218 2,484 2,539 2,490 4,218 3,055
Enterprise Value (EV) 1 1,255 1,773 1,707 2,431 3,983 3,055
P/E ratio 15.7 x 14.2 x 14 x 18 x 28.9 x 23.6 x
Yield 3.92% - 3.21% 3.49% 1.93% -
Capitalization / Revenue 0.56 x 0.68 x 1.1 x 1.07 x 1.98 x 1.43 x
EV / Revenue 0.32 x 0.49 x 0.74 x 1.04 x 1.87 x 1.43 x
EV / EBITDA 4.21 x 6.39 x 8.73 x 9.96 x 21.3 x 12.1 x
EV / FCF 49.8 x -9.96 x -203 x 11.8 x -488 x -
FCF Yield 2.01% -10% -0.49% 8.45% -0.2% -
Price to Book 0.8 x 0.85 x 0.8 x 0.82 x 1.38 x -
Nbr of stocks (in thousands) 543,583 543,583 543,583 543,583 543,583 543,583
Reference price 2 4.080 4.570 4.670 4.580 7.760 5.620
Announcement Date 4/12/19 4/17/20 4/27/21 4/22/22 4/7/23 4/19/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,940 3,640 2,318 2,329 2,131 2,133
EBITDA 1 298.5 277.5 195.5 244.1 187.2 252.2
EBIT 1 222.7 208.3 129 176.9 120.3 186.5
Operating Margin 5.65% 5.72% 5.56% 7.6% 5.65% 8.74%
Earnings before Tax (EBT) 1 221.4 257.4 258.4 202.8 205.7 184.4
Net income 1 141.4 174.4 181.1 138.5 145.8 129.6
Net margin 3.59% 4.79% 7.81% 5.95% 6.84% 6.08%
EPS 2 0.2602 0.3209 0.3332 0.2547 0.2681 0.2384
Free Cash Flow 1 25.23 -178 -8.389 205.4 -8.158 -
FCF margin 0.64% -4.89% -0.36% 8.82% -0.38% -
FCF Conversion (EBITDA) 8.45% - - 84.16% - -
FCF Conversion (Net income) 17.84% - - 148.34% - -
Dividend per Share 2 0.1600 - 0.1500 0.1600 0.1500 -
Announcement Date 4/12/19 4/17/20 4/27/21 4/22/22 4/7/23 4/19/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 962 711 831 58.7 235 -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 25.2 -178 -8.39 205 -8.16 -
ROE (net income / shareholders' equity) 6.49% 6.48% 6.2% 4.72% 4.95% 4.42%
ROA (Net income/ Total Assets) 3.06% 2.6% 1.55% 1.99% 1.36% -
Assets 1 4,616 6,720 11,722 6,967 10,686 -
Book Value Per Share 2 5.090 5.360 5.830 5.560 5.610 -
Cash Flow per Share 2 2.060 1.710 2.080 2.240 1.790 -
Capex 1 57.4 30.7 25.2 24 14.7 10.5
Capex / Sales 1.46% 0.84% 1.09% 1.03% 0.69% 0.49%
Announcement Date 4/12/19 4/17/20 4/27/21 4/22/22 4/7/23 4/19/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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