Financials China Resources Mixc Lifestyle Services Limited

Equities

1209

KYG2122G1064

Real Estate Services

Market Closed - Hong Kong S.E. 04:08:22 2024-04-29 am EDT 5-day change 1st Jan Change
28.35 HKD +0.53% Intraday chart for China Resources Mixc Lifestyle Services Limited +10.31% +1.80%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Capitalization 1 69,063 67,604 79,929 59,582 59,582 -
Enterprise Value (EV) 1 58,905 56,065 67,206 57,777 41,803 39,548
P/E ratio 62.4 x 39.2 x 36.2 x 19.7 x 16.7 x 13.9 x
Yield 0.44% 0.93% 1.25% 2.13% 3.38% 4.08%
Capitalization / Revenue 10.2 x 7.62 x 6.65 x 3.91 x 3.32 x 2.81 x
EV / Revenue 8.69 x 6.32 x 5.59 x 3.91 x 2.33 x 1.87 x
EV / EBITDA 46.8 x 28 x 25.4 x 12.2 x 8.9 x 7.11 x
EV / FCF 65.9 x 27.5 x 38 x 18.3 x 11.5 x 9.34 x
FCF Yield 1.52% 3.63% 2.63% 5.48% 8.73% 10.7%
Price to Book 5.54 x 4.87 x 5.6 x 3.73 x 3.32 x 2.94 x
Nbr of stocks (in thousands) 2,282,500 2,282,500 2,282,500 2,282,500 2,282,500 -
Reference price 2 30.26 29.62 35.02 26.10 26.10 26.10
Announcement Date 3/29/21 3/30/22 3/28/23 3/25/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 6,779 8,875 12,016 14,767 17,963 21,202
EBITDA 1 1,258 2,003 2,641 3,746 4,695 5,561
EBIT 1 1,207 1,881 2,407 3,460 4,534 5,401
Operating Margin 17.81% 21.2% 20.03% 23.43% 25.24% 25.47%
Earnings before Tax (EBT) 1 1,135 2,337 2,906 3,912 4,746 5,666
Net income 1 817.7 1,725 2,206 2,929 3,562 4,266
Net margin 12.06% 19.44% 18.36% 19.83% 19.83% 20.12%
EPS 2 0.4850 0.7560 0.9670 1.283 1.566 1.880
Free Cash Flow 1 894 2,035 1,770 2,507 3,648 4,234
FCF margin 13.19% 22.93% 14.73% 16.08% 20.31% 19.97%
FCF Conversion (EBITDA) 71.06% 101.61% 67.01% 66.93% 77.69% 76.14%
FCF Conversion (Net income) 109.33% 117.99% 80.23% 88.32% 102.41% 99.26%
Dividend per Share 2 0.1320 0.2760 0.4390 0.5570 0.8817 1.065
Announcement Date 3/29/21 3/30/22 3/28/23 3/25/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 3,645 4,014 4,861 5,278 6,738 6,793 7,974 7,556 11,334 9,355 14,033
EBITDA - 939.1 1,064 - - - - - - - -
EBIT 1 - 882.3 999.2 1,190 1,217 1,707 1,752 1,783 2,674 2,200 3,300
Operating Margin - 21.98% 20.56% 22.55% 18.06% 25.13% 21.98% 23.59% 23.59% 23.52% 23.52%
Earnings before Tax (EBT) - 1,096 - - - - - - - - -
Net income - 806 919 - - - - - - - -
Net margin - 20.08% 18.9% - - - - - - - -
EPS - - - - - - - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 3/29/21 8/25/21 3/30/22 8/30/22 3/28/23 8/29/23 3/25/24 - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - -
Net Cash position 1 10,158 11,539 12,723 13,817 17,779 20,034
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 894 2,035 1,770 2,507 3,648 4,235
ROE (net income / shareholders' equity) 12.1% 12.9% 15.7% 18.6% 21.1% 23%
ROA (Net income/ Total Assets) 6.24% 8.37% 9.3% 10.1% 11.6% 12.3%
Assets 1 13,110 20,609 23,714 28,174 30,696 34,722
Book Value Per Share 2 5.460 6.080 6.260 6.990 7.870 8.880
Cash Flow per Share 2 0.6500 1.000 0.8300 1.560 1.690 2.190
Capex 1 209 371 121 220 152 158
Capex / Sales 3.08% 4.18% 1.01% 1.41% 0.84% 0.75%
Announcement Date 3/29/21 3/30/22 3/28/23 3/25/24 - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
22
Last Close Price
26.1 CNY
Average target price
32.64 CNY
Spread / Average Target
+25.02%
Consensus

Quarterly revenue - Rate of surprise

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