DEEWIN TIANXIA CO., LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.33 HKD | 0.00% |
|
0.00% | -33.50% |
| Apr. 02 | Deewin Tianxia’s Profit Down 34% in 2023 as Revenue Rises 14% | MT |
| Mar. 28 | Deewin Tianxia Co., Ltd Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 23 August 2024 | CI |
Valuation
| Fiscal Period: December | 2022 | 2023 |
|---|---|---|
| Capitalization 1 | 1,896 | 3,994 |
| Enterprise Value (EV) 1 | 5,323 | 7,550 |
| P/E ratio | 7.14 x | 27 x |
| Yield | 5.11% | 2.24% |
| Capitalization / Revenue | 0.69 x | 1.28 x |
| EV / Revenue | 1.95 x | 2.42 x |
| EV / EBITDA | 17.3 x | 31.2 x |
| EV / FCF | 4,460,456 x | -93,673,285 x |
| FCF Yield | 0% | -0% |
| Price to Book | 0.57 x | 1.2 x |
| Nbr of stocks (in thousands) | 2,236,043 | 2,197,322 |
| Reference price 2 | 0.8479 | 1.818 |
| Announcement Date | 4/26/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Net sales 1 | 2,892 | 3,262 | 3,127 | 2,728 | 3,119 |
| EBITDA 1 | 302.5 | 390.1 | 451.8 | 307.1 | 242.3 |
| EBIT 1 | 286.5 | 374.3 | 433.7 | 288.4 | 221.4 |
| Operating Margin | 9.91% | 11.47% | 13.87% | 10.57% | 7.1% |
| Earnings before Tax (EBT) 1 | 307.9 | 399.8 | 444.6 | 278.8 | 209.1 |
| Net income 1 | 207.5 | 274 | 362.7 | 226.4 | 149.3 |
| Net margin | 7.17% | 8.4% | 11.6% | 8.3% | 4.78% |
| EPS 2 | 0.2075 | 0.2306 | 0.2227 | 0.1187 | 0.0672 |
| Free Cash Flow | - | -1,354 | -794.1 | 1,193 | -80.6 |
| FCF margin | - | -41.51% | -25.4% | 43.74% | -2.58% |
| FCF Conversion (EBITDA) | - | - | - | 388.57% | - |
| FCF Conversion (Net income) | - | - | - | 527.04% | - |
| Dividend per Share | - | - | - | 0.0434 | 0.0408 |
| Announcement Date | 5/24/22 | 5/24/22 | 5/24/22 | 4/26/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Net Debt 1 | 3,385 | 5,291 | 5,362 | 3,427 | 3,555 |
| Net Cash position 1 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 11.19 x | 13.56 x | 11.87 x | 11.16 x | 14.67 x |
| Free Cash Flow | - | -1,354 | -794 | 1,193 | -80.6 |
| ROE (net income / shareholders' equity) | - | 16.6% | 16% | 7.61% | 4.55% |
| ROA (Net income/ Total Assets) | - | 2.29% | 2.51% | 1.86% | 1.51% |
| Assets 1 | - | 11,948 | 14,423 | 12,161 | 9,910 |
| Book Value Per Share 2 | 1.640 | 1.320 | 1.500 | 1.490 | 1.510 |
| Cash Flow per Share 2 | 0.7300 | 0.1200 | 0.1300 | 0.5100 | 0.4400 |
| Capex 1 | 18.8 | 20 | 24.9 | 37.4 | 62.8 |
| Capex / Sales | 0.65% | 0.61% | 0.8% | 1.37% | 2.01% |
| Announcement Date | 5/24/22 | 5/24/22 | 5/24/22 | 4/26/23 | 3/28/24 |
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. | |
|---|---|---|
| -33.50% | 371M | |
| -10.19% | 40.21B | |
| -15.20% | 17.6B | |
| +4.62% | 11.65B | |
| -8.03% | 10.89B | |
| -4.91% | 6.6B | |
| -9.80% | 2.43B | |
| -11.14% | 2.36B | |
| +10.86% | 1.69B | |
| -14.06% | 1.46B |
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