Financials Decai Decoration CO.,LTD

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
13.56 ^CNY	+1.65%		+3.35%	-20.09%

Apr. 29	Decai Decoration CO.,LTD Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 29	Decai Decoration CO.,LTD Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	2,239	2,376	1,878	-	-
Enterprise Value (EV) ¹	2,239	2,376	1,878	1,878	1,878
P/E ratio	8 x	15.2 x	6.75 x	5.82 x	-
Yield	-	0.71%	2.21%	2.58%	-
Capitalization / Revenue	-	0.39 x	0.25 x	0.22 x	-
EV / Revenue	-	0.39 x	0.25 x	0.22 x	-
EV / EBITDA	-	-	-	-	-
EV / FCF	-	-35.1 x	3.22 x	2.75 x	3.4 x
FCF Yield	-	-2.85%	31.1%	36.4%	29.4%
Price to Book	-	1.27 x	0.89 x	0.78 x	-
Nbr of stocks (in thousands)	140,000	140,000	138,484	-	-
Reference price ²	15.99	16.97	13.56	13.56	13.56
Announcement Date	4/28/23	4/30/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	-	6,103	7,446	8,651	-
EBITDA	-	-	-	-	-
EBIT ¹	-	207.3	344	400	-
Operating Margin	-	3.4%	4.62%	4.62%	-
Earnings before Tax (EBT) ¹	-	210.9	346	401	-
Net income ¹	199.9	156.3	282	326	-
Net margin	-	2.56%	3.79%	3.77%	-
EPS ²	2.000	1.120	2.010	2.330	-
Free Cash Flow ¹	-	-67.77	584	684	552.2
FCF margin	-	-1.11%	7.84%	7.91%	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	207.09%	209.82%	-
Dividend per Share ²	-	0.1200	0.3000	0.3500	-
Announcement Date	4/28/23	4/30/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-
Net Cash position	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ¹	-	-67.8	584	684	552
ROE (net income / shareholders' equity)	-	8.7%	13.1%	13.5%	-
ROA (Net income/ Total Assets)	-	-	-	-	-
Assets ¹	-	-	-	-	-
Book Value Per Share ²	-	13.30	15.30	17.30	-
Cash Flow per Share	-	-	-	-	-
Capex ¹	-	338	33	34	34.3
Capex / Sales	-	5.54%	0.44%	0.39%	-
Announcement Date	4/28/23	4/30/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

13.56 CNY

Average target price

22.72 CNY

Spread / Average Target

+67.59%

	1st Jan change	Capi.
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