CPMC HOLDINGS LIMITED |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.76 HKD | 0.00% |
|
-0.59% | +0.45% |
| Mar. 20 | CPMC Holdings Posts Gains in Fiscal 2023 Net Profit | MT |
| Mar. 20 | CPMC Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,878 | 3,528 | 3,355 | 3,956 | 4,150 | 6,811 |
| Enterprise Value (EV) 1 | 7,063 | 7,201 | 5,741 | 6,265 | 7,000 | 9,767 |
| P/E ratio | 15.2 x | 11.7 x | 8.74 x | 8.56 x | 8.53 x | 14.4 x |
| Yield | 3.27% | 4.28% | 5.77% | 5.83% | 5.85% | 1.99% |
| Capitalization / Revenue | 0.59 x | 0.48 x | 0.46 x | 0.41 x | 0.4 x | 0.66 x |
| EV / Revenue | 1.07 x | 0.99 x | 0.78 x | 0.65 x | 0.68 x | 0.95 x |
| EV / EBITDA | 10.4 x | 8.93 x | 6.53 x | 6.94 x | 7.85 x | 8.03 x |
| EV / FCF | -421,647 x | 148 x | -25.3 x | -552 x | -36.4 x | 61.8 x |
| FCF Yield | -0% | 0.68% | -3.96% | -0.18% | -2.75% | 1.62% |
| Price to Book | 0.79 x | 0.71 x | 0.64 x | 0.72 x | 0.77 x | 1.23 x |
| Nbr of stocks (in thousands) | 1,174,560 | 1,160,949 | 1,113,423 | 1,113,423 | 1,113,423 | 1,113,423 |
| Reference price 2 | 3.302 | 3.038 | 3.013 | 3.553 | 3.727 | 6.117 |
| Announcement Date | 4/26/19 | 5/14/20 | 4/16/21 | 4/20/22 | 4/17/23 | 4/18/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 6,591 | 7,287 | 7,345 | 9,566 | 10,255 | 10,265 |
| EBITDA 1 | 681.8 | 806.7 | 878.5 | 902.1 | 892.2 | 1,216 |
| EBIT 1 | 382.7 | 461.4 | 498.7 | 488.4 | 457 | 757.2 |
| Operating Margin | 5.81% | 6.33% | 6.79% | 5.11% | 4.46% | 7.38% |
| Earnings before Tax (EBT) 1 | 345.7 | 386.9 | 507 | 566.7 | 596.1 | 626.3 |
| Net income 1 | 255.1 | 302.1 | 389.4 | 462.5 | 486.5 | 474.8 |
| Net margin | 3.87% | 4.15% | 5.3% | 4.83% | 4.74% | 4.62% |
| EPS 2 | 0.2172 | 0.2587 | 0.3446 | 0.4150 | 0.4370 | 0.4260 |
| Free Cash Flow 1 | -0.0168 | 48.78 | -227.1 | -11.35 | -192.3 | 158 |
| FCF margin | -0% | 0.67% | -3.09% | -0.12% | -1.87% | 1.54% |
| FCF Conversion (EBITDA) | - | 6.05% | - | - | - | 12.99% |
| FCF Conversion (Net income) | - | 16.15% | - | - | - | 33.28% |
| Dividend per Share 2 | 0.1080 | 0.1300 | 0.1740 | 0.2070 | 0.2180 | 0.1220 |
| Announcement Date | 4/26/19 | 5/14/20 | 4/16/21 | 4/20/22 | 4/17/23 | 4/18/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 3,185 | 3,673 | 2,386 | 2,310 | 2,850 | 2,956 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.671 x | 4.553 x | 2.716 x | 2.56 x | 3.195 x | 2.43 x |
| Free Cash Flow 1 | -0.02 | 48.8 | -227 | -11.3 | -192 | 158 |
| ROE (net income / shareholders' equity) | 5.03% | 5.86% | 7.35% | 8.36% | 8.39% | 8.33% |
| ROA (Net income/ Total Assets) | 2.25% | 2.59% | 2.7% | 2.46% | 2.11% | 3.34% |
| Assets 1 | 11,317 | 11,677 | 14,438 | 18,778 | 23,053 | 14,204 |
| Book Value Per Share 2 | 4.170 | 4.250 | 4.690 | 4.920 | 4.830 | 4.990 |
| Cash Flow per Share 2 | 0.7600 | 0.5800 | 1.750 | 1.720 | 2.140 | 2.150 |
| Capex 1 | 513 | 628 | 462 | 657 | 907 | 500 |
| Capex / Sales | 7.79% | 8.62% | 6.29% | 6.87% | 8.84% | 4.87% |
| Announcement Date | 4/26/19 | 5/14/20 | 4/16/21 | 4/20/22 | 4/17/23 | 4/18/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +0.45% | 961M | |
| +5.07% | 2.58B | |
| +5.47% | 2.42B | |
| +6.52% | 1.57B | |
| -18.66% | 1.43B | |
| +67.83% | 1.09B | |
| +3.12% | 827M | |
| -8.67% | 714M | |
| -2.32% | 682M | |
| -17.48% | 450M |
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