CITIC PRESS CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 28.68 CNY | +0.74% |
|
+3.31% | -1.44% |
| Mar. 18 | Citic Press' Chairman Resigns | MT |
| Mar. 15 | Citic Press Corporation Proposes Final Cash Dividend for 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,698 | 8,064 | 5,632 | 3,851 | 5,533 | 5,454 | - | - |
| Enterprise Value (EV) 1 | 8,416 | 6,363 | 3,876 | 2,170 | 3,925 | 3,381 | 3,169 | 5,454 |
| P/E ratio | 32.9 x | 28.7 x | 23.3 x | 30.7 x | 47.7 x | 32.9 x | 26.1 x | 27.8 x |
| Yield | 0.82% | 1.13% | 1.72% | 1.74% | 1.07% | 1.58% | 1.94% | - |
| Capitalization / Revenue | 5.14 x | 4.26 x | 2.93 x | 2.14 x | 3.22 x | 2.72 x | 2.56 x | 2.54 x |
| EV / Revenue | 4.46 x | 3.36 x | 2.02 x | 1.2 x | 2.29 x | 1.68 x | 1.49 x | 2.54 x |
| EV / EBITDA | 30.6 x | 19.7 x | 15.6 x | 16.6 x | 46.8 x | 14.5 x | 12 x | 16.5 x |
| EV / FCF | - | - | 15,396,531 x | 18,010,885 x | - | - | - | - |
| FCF Yield | - | - | 0% | 0% | - | - | - | - |
| Price to Book | 5.69 x | 4.23 x | 2.77 x | 1.87 x | 2.63 x | 2.42 x | 2.27 x | 2.14 x |
| Nbr of stocks (in thousands) | 190,152 | 190,152 | 190,152 | 190,152 | 190,152 | 190,152 | - | - |
| Reference price 2 | 51.00 | 42.41 | 29.62 | 20.25 | 29.10 | 28.68 | 28.68 | 28.68 |
| Announcement Date | 2/27/20 | 3/23/21 | 3/29/22 | 3/28/23 | 3/14/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,888 | 1,892 | 1,922 | 1,801 | 1,717 | 2,007 | 2,128 | 2,151 |
| EBITDA 1 | 274.9 | 323.5 | 249.1 | 130.6 | 83.9 | 233.1 | 265 | 330.3 |
| EBIT 1 | 240.4 | 287.1 | 236.2 | 117.4 | 75.13 | 176.9 | 202.7 | 204.9 |
| Operating Margin | 12.73% | 15.18% | 12.29% | 6.52% | 4.38% | 8.82% | 9.52% | 9.53% |
| Earnings before Tax (EBT) 1 | 243.6 | 287 | 239.6 | 109.6 | 77.81 | 187.1 | 213.3 | 206 |
| Net income 1 | 251.3 | 282.1 | 241.6 | 126.1 | 116.4 | 165.7 | 209.3 | 196.4 |
| Net margin | 13.31% | 14.91% | 12.57% | 7% | 6.78% | 8.26% | 9.84% | 9.13% |
| EPS 2 | 1.550 | 1.480 | 1.270 | 0.6600 | 0.6100 | 0.8720 | 1.100 | 1.033 |
| Free Cash Flow | - | - | 251.8 | 120.5 | - | - | - | - |
| FCF margin | - | - | 13.1% | 6.69% | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | 101.06% | 92.26% | - | - | - | - |
| FCF Conversion (Net income) | - | - | 104.21% | 95.54% | - | - | - | - |
| Dividend per Share 2 | 0.4170 | 0.4800 | 0.5080 | 0.3520 | 0.3100 | 0.4540 | 0.5561 | - |
| Announcement Date | 2/27/20 | 3/23/21 | 3/29/22 | 3/28/23 | 3/14/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 411.5 | 436.4 | 847.9 | 479 | 426.7 | 445.9 | 413 | 480 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | 40.98 | 48.66 | 89.64 | 49.1 | 42.03 | 48.81 | 35.44 | - |
| Net margin | 9.96% | 11.15% | 10.57% | 10.25% | 9.85% | 10.95% | 8.58% | - |
| EPS | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 4/27/22 | 8/28/22 | 8/28/22 | 10/24/22 | 4/27/23 | 8/25/23 | 10/25/23 | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,281 | 1,701 | 1,756 | 1,681 | 1,608 | 2,073 | 2,284 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | 252 | 120 | - | - | - | - |
| ROE (net income / shareholders' equity) | 20.5% | 15.7% | 12.3% | 6.16% | 5.59% | 7.26% | 8.03% | 7.73% |
| ROA (Net income/ Total Assets) | 11.4% | 9.86% | 7.69% | 3.83% | 3.56% | 4.5% | 4.7% | - |
| Assets 1 | 2,207 | 2,862 | 3,142 | 3,289 | 3,265 | 3,682 | 4,454 | - |
| Book Value Per Share 2 | 8.960 | 10.00 | 10.70 | 10.80 | 11.10 | 11.90 | 12.60 | 13.40 |
| Cash Flow per Share 2 | 1.650 | 1.700 | 1.500 | 0.7700 | 1.050 | 0.7000 | 1.040 | 0.8800 |
| Capex 1 | 53.6 | 17.5 | 33.2 | 25.9 | 35.1 | 22.4 | 18 | 7.8 |
| Capex / Sales | 2.84% | 0.93% | 1.73% | 1.44% | 2.04% | 1.12% | 0.84% | 0.36% |
| Announcement Date | 2/27/20 | 3/23/21 | 3/29/22 | 3/28/23 | 3/14/24 | - | - | - |
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
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
28.68
CNY
Average target price
31.95
CNY
Spread / Average Target
+11.39%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -1.44% | 753M | |
| +10.09% | 2.71B | |
| +9.95% | 2.58B | |
| -5.84% | 2.53B | |
| -4.43% | 2.48B | |
| -8.79% | 1.94B | |
| +1.44% | 1.93B | |
| +4.83% | 1.44B | |
| -25.89% | 1.06B | |
| -3.40% | 1.03B |
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- Financials Citic Press Corporation
