CHINA HONGQIAO GROUP LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.06 HKD | +2.60% |
|
+13.44% | +73.08% |
| Apr. 11 | Beijing, Washington Inflation Reports Blunt Asian Stock Markets | MT |
| Mar. 28 | China Hongqiao to List $300 Million in Bonds on Singapore Exchange | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 36,000 | 53,055 | 61,167 | 61,677 | 55,033 | 97,010 | - | - |
| Enterprise Value (EV) 1 | 72,829 | 82,517 | 70,443 | 82,568 | 93,787 | 111,901 | 105,023 | 95,801 |
| P/E ratio | 6.02 x | 4.89 x | 3.92 x | 6.96 x | 4.86 x | 7.23 x | 6.71 x | 5.89 x |
| Yield | 7.41% | 9.1% | 12.7% | 6.85% | 9.98% | 7.19% | 7.57% | 8.35% |
| Capitalization / Revenue | 0.43 x | 0.62 x | 0.53 x | 0.47 x | 0.41 x | 0.7 x | 0.69 x | 0.68 x |
| EV / Revenue | 0.87 x | 0.96 x | 0.62 x | 0.63 x | 0.7 x | 0.81 x | 0.75 x | 0.67 x |
| EV / EBITDA | 3.72 x | 3.47 x | 2.29 x | 3.74 x | - | 4.05 x | 3.62 x | 3.18 x |
| EV / FCF | - | 6.6 x | 3.11 x | - | - | 8.06 x | 6.48 x | 4.46 x |
| FCF Yield | - | 15.2% | 32.2% | - | - | 12.4% | 15.4% | 22.4% |
| Price to Book | 0.57 x | 0.75 x | 0.75 x | 0.73 x | 0.6 x | 0.96 x | 0.89 x | 0.81 x |
| Nbr of stocks (in thousands) | 8,570,852 | 8,878,352 | 9,121,352 | 9,475,538 | 9,475,538 | 9,475,538 | - | - |
| Reference price 2 | 4.200 | 5.976 | 6.706 | 6.509 | 5.808 | 10.24 | 10.24 | 10.24 |
| Announcement Date | 3/20/20 | 3/5/21 | 3/18/22 | 3/24/23 | 3/22/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 84,179 | 86,145 | 114,491 | 131,699 | 133,624 | 138,385 | 140,589 | 143,635 |
| EBITDA 1 | 19,592 | 23,769 | 30,743 | 22,080 | - | 27,604 | 28,990 | 30,103 |
| EBIT 1 | 12,370 | 14,903 | 24,219 | 15,308 | 10,182 | 20,676 | 21,462 | 23,414 |
| Operating Margin | 14.69% | 17.3% | 21.15% | 11.62% | 7.62% | 14.94% | 15.27% | 16.3% |
| Earnings before Tax (EBT) 1 | 8,771 | 12,704 | 22,554 | 12,607 | 15,890 | 17,613 | 19,472 | 21,459 |
| Net income 1 | 6,095 | 10,496 | 16,073 | 8,702 | 11,461 | 12,676 | 13,843 | 15,295 |
| Net margin | 7.24% | 12.18% | 14.04% | 6.61% | 8.58% | 9.16% | 9.85% | 10.65% |
| EPS 2 | 0.6979 | 1.221 | 1.712 | 0.9358 | 1.195 | 1.417 | 1.525 | 1.740 |
| Free Cash Flow 1 | - | 12,511 | 22,650 | - | - | 13,891 | 16,210 | 21,468 |
| FCF margin | - | 14.52% | 19.78% | - | - | 10.04% | 11.53% | 14.95% |
| FCF Conversion (EBITDA) | - | 52.64% | 73.68% | - | - | 50.32% | 55.91% | 71.31% |
| FCF Conversion (Net income) | - | 119.2% | 140.92% | - | - | 109.58% | 117.09% | 140.36% |
| Dividend per Share 2 | 0.3110 | 0.5438 | 0.8538 | 0.4462 | 0.5799 | 0.7359 | 0.7755 | 0.8547 |
| Announcement Date | 3/20/20 | 3/5/21 | 3/18/22 | 3/24/23 | 3/22/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 42,749 | 39,939 | 46,206 | 52,481 | 62,010 | 68,739 | 62,961 | 65,734 | 67,890 | 67,318 | 68,156 | 68,734 | 70,907 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 14,326 | 11,295 | 13,002 | 2,305 | 4,350 | 7,402 | 8,644 | 6,711 | 8,565 | 7,849 |
| Operating Margin | - | - | - | 27.3% | 18.22% | 18.92% | 3.66% | 6.62% | 10.9% | 12.84% | 9.85% | 12.46% | 11.07% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | 7.846 | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | 0.01% | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | 0.8500 | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | 0.3659 | - | - | - | - | - | - | - | - |
| Announcement Date | 3/20/20 | 8/21/20 | 3/5/21 | 8/20/21 | 3/18/22 | 8/26/22 | 3/24/23 | 8/18/23 | 3/22/24 | - | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 36,830 | 29,462 | 9,276 | 20,891 | 38,754 | 14,892 | 8,013 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 1,209 |
| Leverage (Debt/EBITDA) | 1.88 x | 1.24 x | 0.3017 x | 0.9462 x | - | 0.5395 x | 0.2764 x | - |
| Free Cash Flow 1 | - | 12,511 | 22,650 | - | - | 13,891 | 16,210 | 21,468 |
| ROE (net income / shareholders' equity) | 9.9% | 15.6% | 21.1% | 10.5% | 13% | 14.1% | 13.5% | 13.7% |
| ROA (Net income/ Total Assets) | 3.42% | 5.81% | 8.69% | 4.65% | 5.94% | 6.05% | 6.51% | 6.19% |
| Assets 1 | 178,166 | 180,569 | 184,985 | 187,081 | 193,031 | 209,634 | 212,510 | 247,189 |
| Book Value Per Share 2 | 7.370 | 8.020 | 8.910 | 8.920 | 9.740 | 10.70 | 11.50 | 12.60 |
| Cash Flow per Share 2 | 2.370 | 2.040 | 3.450 | 0.8200 | - | 2.520 | 2.320 | 2.960 |
| Capex 1 | 3,228 | 5,268 | 5,999 | 8,848 | - | 9,282 | 7,678 | 8,508 |
| Capex / Sales | 3.84% | 6.11% | 5.24% | 6.72% | - | 6.71% | 5.46% | 5.92% |
| Announcement Date | 3/20/20 | 3/5/21 | 3/18/22 | 3/24/23 | 3/22/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
10.24
CNY
Average target price
9.58
CNY
Spread / Average Target
-6.43%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +73.08% | 13.39B | |
| +11.23% | 9.25B | |
| +20.05% | 7.02B | |
| -0.37% | 5.22B | |
| +10.92% | 4.77B | |
| +1.14% | 2.17B | |
| +48.02% | 1.67B | |
| +33.33% | 1.51B | |
| +38.26% | 1.31B | |
| +9.66% | 1.23B |
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- Financials China Hongqiao Group Limited
