CHINA LILANG LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.75 HKD | +0.42% |
|
-0.42% | +12.29% |
| Apr. 15 | China Lilang Expects 'High-Single-Digit' Growth in Lilanz Sales in Q1 | MT |
| Mar. 19 | Transcript : China Lilang Limited, 2023 Earnings Call, Mar 19, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,806 | 5,332 | 4,254 | 3,977 | 4,604 | 5,265 | - | - |
| Enterprise Value (EV) 1 | 5,056 | 3,593 | 4,254 | 3,977 | 4,604 | 5,265 | 5,265 | 5,265 |
| P/E ratio | 8.38 x | 9.57 x | 9.1 x | 8.87 x | 8.68 x | 8.65 x | 7.69 x | 6.88 x |
| Yield | 9.18% | 5.83% | 7.78% | 8.43% | - | 8.3% | 9.32% | 10.2% |
| Capitalization / Revenue | 1.86 x | 1.99 x | 1.26 x | 1.29 x | 1.3 x | 1.3 x | 1.17 x | 1.06 x |
| EV / Revenue | 1.86 x | 1.99 x | 1.26 x | 1.29 x | 1.3 x | 1.3 x | 1.17 x | 1.06 x |
| EV / EBITDA | 6.67 x | 7.22 x | 5.62 x | 5.31 x | 7.5 x | 6.04 x | 5.41 x | 5.09 x |
| EV / FCF | - | 9.72 x | 14.4 x | - | - | 12.2 x | 9.63 x | 8.34 x |
| FCF Yield | - | 10.3% | 6.97% | - | - | 8.2% | 10.4% | 12% |
| Price to Book | 1.89 x | 1.46 x | 1.16 x | 1.05 x | 1.16 x | 1.27 x | 1.21 x | 1.15 x |
| Nbr of stocks (in thousands) | 1,197,485 | 1,197,485 | 1,197,485 | 1,197,485 | 1,197,485 | 1,197,485 | - | - |
| Reference price 2 | 5.684 | 4.452 | 3.553 | 3.321 | 3.845 | 4.397 | 4.397 | 4.397 |
| Announcement Date | 3/19/20 | 3/18/21 | 3/18/22 | 3/17/23 | 3/18/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,658 | 2,681 | 3,379 | 3,086 | 3,544 | 4,050 | 4,495 | 4,953 |
| EBITDA 1 | 1,020 | 738.5 | 757.1 | 748.4 | 614 | 871.8 | 973 | 1,034 |
| EBIT 1 | 980 | 651.4 | 532.8 | 519.1 | 610.6 | 704.6 | 800.6 | 900.2 |
| Operating Margin | 26.79% | 24.3% | 15.76% | 16.82% | 17.23% | 17.4% | 17.81% | 18.18% |
| Earnings before Tax (EBT) 1 | 1,024 | 694.8 | 561.2 | 546.8 | 657.8 | 755.6 | 855.6 | 962.8 |
| Net income 1 | 812 | 557.2 | 468.1 | 448.1 | 530.4 | 607.2 | 685.8 | 768 |
| Net margin | 22.2% | 20.78% | 13.85% | 14.52% | 14.97% | 14.99% | 15.26% | 15.51% |
| EPS 2 | 0.6782 | 0.4651 | 0.3904 | 0.3742 | 0.4430 | 0.5086 | 0.5716 | 0.6392 |
| Free Cash Flow 1 | - | 548.3 | 296.4 | - | - | 432 | 547 | 631 |
| FCF margin | - | 20.45% | 8.77% | - | - | 10.67% | 12.17% | 12.74% |
| FCF Conversion (EBITDA) | - | 74.24% | 39.15% | - | - | 49.56% | 56.22% | 61.03% |
| FCF Conversion (Net income) | - | 98.4% | 63.32% | - | - | 71.15% | 79.76% | 82.16% |
| Dividend per Share 2 | 0.5218 | 0.2598 | 0.2765 | 0.2800 | - | 0.3650 | 0.4100 | 0.4500 |
| Announcement Date | 3/19/20 | 3/18/21 | 3/18/22 | 3/17/23 | 3/18/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,118 | - | 1,587 | 1,354 | - | - | 2,053 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | 515 | - | 344.7 | - | 224.9 | - | 305.2 |
| Operating Margin | 24.32% | - | 21.71% | - | - | - | 14.87% |
| Earnings before Tax (EBT) 1 | 530.7 | - | - | - | 234 | - | 330.1 |
| Net income 1 | 423.7 | 268.9 | - | 271.5 | 196.7 | 270.5 | 260 |
| Net margin | 20% | - | - | 20.04% | - | - | 12.66% |
| EPS | - | 0.2250 | - | - | - | 0.2260 | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 3/19/20 | 8/19/20 | 3/18/21 | 8/23/21 | 3/18/22 | 8/16/23 | 3/18/24 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | 1,751 | 1,739 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 548 | 296 | - | - | 432 | 547 | 631 |
| ROE (net income / shareholders' equity) | 23.2% | 15.4% | 12.8% | 12% | 13.7% | 14.7% | 16% | 17.1% |
| ROA (Net income/ Total Assets) | 18.1% | 11.6% | 9.35% | 8.55% | 8.85% | 9.1% | 9.7% | 10.1% |
| Assets 1 | 4,487 | 4,787 | 5,009 | 5,243 | 5,990 | 6,673 | 7,070 | 7,604 |
| Book Value Per Share 2 | 3.010 | 3.050 | 3.070 | 3.160 | 3.310 | 3.470 | 3.650 | 3.820 |
| Cash Flow per Share 2 | 0.5100 | 0.6500 | 0.5000 | - | - | 0.0800 | 1.240 | - |
| Capex 1 | 93.9 | 225 | 302 | - | - | 147 | 149 | 132 |
| Capex / Sales | 2.57% | 8.39% | 8.94% | - | - | 3.62% | 3.32% | 2.67% |
| Announcement Date | 3/19/20 | 3/18/21 | 3/18/22 | 3/17/23 | 3/18/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
4.397
CNY
Average target price
5.034
CNY
Spread / Average Target
+14.50%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +12.29% | 727M | |
| +23.58% | 6.08B | |
| +6.71% | 1.67B | |
| -2.29% | 1.12B | |
| +0.80% | 797M | |
| -10.39% | 793M | |
| +9.17% | 546M | |
| +24.96% | 282M | |
| -36.02% | 144M | |
| -33.24% | 99.76M |
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- Financials China Lilang Limited
