Financials Dazzle Fashion Co., Ltd

Equities

603587

CNE100003FG5

Apparel & Accessories

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
12.55 CNY -5.64% Intraday chart for Dazzle Fashion Co., Ltd -5.92% -4.27%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 10,177 9,171 9,122 7,264 6,162 5,899 -
Enterprise Value (EV) 1 10,177 9,171 9,122 7,264 6,162 5,899 5,899
P/E ratio 16.3 x 14.6 x 13.3 x 19 x 12.6 x 9.01 x 8.6 x
Yield 3.94% - 5.22% 4.6% 6.1% 8.69% 6.85%
Capitalization / Revenue 4.28 x 3.58 x 3.15 x 3.03 x 2.33 x 1.96 x 1.79 x
EV / Revenue 4.28 x 3.58 x 3.15 x 3.03 x 2.33 x 1.96 x 1.79 x
EV / EBITDA - 10.5 x 9.98 x 14.3 x 8.28 x 6.59 x 6.65 x
EV / FCF - - 11 x 15.5 x 9.42 x 10.3 x 8.88 x
FCF Yield - - 9.13% 6.43% 10.6% 9.73% 11.3%
Price to Book 3.08 x 2.67 x 2.45 x 2.03 x 1.67 x 1.47 x 1.41 x
Nbr of stocks (in thousands) 481,200 480,908 476,102 477,279 470,040 470,040 -
Reference price 2 21.15 19.07 19.16 15.22 13.11 12.55 12.55
Announcement Date 4/7/20 4/27/21 4/27/22 4/27/23 4/25/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 2,378 2,564 2,898 2,400 2,649 3,009 3,296
EBITDA 1 - 873.1 914.4 509 744.1 895.1 887.4
EBIT 1 801.7 797.1 871 433.3 668.6 824.5 867.8
Operating Margin 33.71% 31.09% 30.06% 18.05% 25.24% 27.4% 26.33%
Earnings before Tax (EBT) 1 847.5 850.7 910.4 498.4 666 879 929.2
Net income 1 624.4 629.9 689.5 384.5 493.6 666.1 698.2
Net margin 26.25% 24.56% 23.79% 16.02% 18.64% 22.14% 21.18%
EPS 2 1.300 1.310 1.440 0.8000 1.040 1.393 1.460
Free Cash Flow 1 - - 833 467.2 654.2 574 664
FCF margin - - 28.75% 19.47% 24.7% 19.08% 20.14%
FCF Conversion (EBITDA) - - 91.1% 91.8% 87.92% 64.13% 74.83%
FCF Conversion (Net income) - - 120.82% 121.51% 132.53% 86.17% 95.1%
Dividend per Share 2 0.8333 - 1.000 0.7000 0.8000 1.090 0.8600
Announcement Date 4/7/20 4/27/21 4/27/22 4/27/23 4/25/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 S1
Net sales 1 1,248
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 306.7
Net margin 24.59%
EPS -
Dividend per Share -
Announcement Date 8/25/23
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - 833 467 654 574 664
ROE (net income / shareholders' equity) 19.7% 18.7% 19% 10.3% 13.4% 16.5% 16.6%
ROA (Net income/ Total Assets) 16.7% 15.7% 15.7% 8.5% - 16.1% -
Assets 1 3,747 4,012 4,395 4,526 - 4,137 -
Book Value Per Share 2 6.880 7.150 7.810 7.500 7.850 8.560 8.870
Cash Flow per Share 2 1.510 1.500 1.820 1.030 1.470 1.070 1.330
Capex 1 208 54 40.8 29.1 48.8 61.5 40
Capex / Sales 8.75% 2.1% 1.41% 1.21% 1.84% 2.04% 1.21%
Announcement Date 4/7/20 4/27/21 4/27/22 4/27/23 4/25/24 - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
12.55 CNY
Average target price
17.13 CNY
Spread / Average Target
+36.49%
Consensus

Annual profits - Rate of surprise

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