Financials Eastern Communications Co.,Ltd.

Equities

600776

CNE000000ND3

Construction & Engineering

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
9.77 CNY +2.95% Intraday chart for Eastern Communications Co.,Ltd. +6.31% -13.46%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 12,108 21,031 12,186 11,895 9,595 11,576
Enterprise Value (EV) 1 10,938 19,870 11,015 10,491 7,941 10,639
P/E ratio 113 x 199 x 144 x 124 x 85.3 x 92.8 x
Yield 0.52% 0.19% 0.34% 0.35% 0.6% -
Capitalization / Revenue 5.04 x 7.84 x 4.11 x 3.92 x 2.97 x 3.94 x
EV / Revenue 4.55 x 7.41 x 3.71 x 3.45 x 2.46 x 3.62 x
EV / EBITDA 123 x 180 x 232 x 237 x 183 x 132 x
EV / FCF -73.8 x -769 x -283 x 70.2 x 71 x 495 x
FCF Yield -1.36% -0.13% -0.35% 1.42% 1.41% 0.2%
Price to Book 4.69 x 8.35 x 4.67 x 4.4 x 3.43 x 4.14 x
Nbr of stocks (in thousands) 1,256,000 1,256,000 1,256,000 1,256,000 1,256,000 1,256,000
Reference price 2 11.47 20.83 11.85 11.51 9.160 11.29
Announcement Date 3/31/19 4/7/20 3/28/21 4/29/22 4/28/23 4/26/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,405 2,683 2,967 3,037 3,230 2,940
EBITDA 1 88.59 110.5 47.41 44.35 43.49 80.84
EBIT 1 46.27 62.56 -2.917 -3.011 -6.672 20.59
Operating Margin 1.92% 2.33% -0.1% -0.1% -0.21% 0.7%
Earnings before Tax (EBT) 1 142.9 152.8 124.1 137.2 153.5 169.3
Net income 1 127.4 131.7 103.5 116.2 134.9 152.8
Net margin 5.3% 4.91% 3.49% 3.83% 4.18% 5.2%
EPS 2 0.1014 0.1048 0.0824 0.0925 0.1074 0.1217
Free Cash Flow 1 -148.2 -25.83 -38.94 149.5 111.9 21.49
FCF margin -6.16% -0.96% -1.31% 4.92% 3.47% 0.73%
FCF Conversion (EBITDA) - - - 336.98% 257.31% 26.58%
FCF Conversion (Net income) - - - 128.64% 82.97% 14.06%
Dividend per Share 2 0.0600 0.0400 0.0400 0.0400 0.0550 -
Announcement Date 3/31/19 4/7/20 3/28/21 4/29/22 4/28/23 4/26/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,171 1,161 1,172 1,404 1,654 937
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -148 -25.8 -38.9 149 112 21.5
ROE (net income / shareholders' equity) 4.22% 4.25% 3.31% 3.61% 3.98% 4.36%
ROA (Net income/ Total Assets) 0.76% 1.01% -0.05% -0.05% -0.1% 0.3%
Assets 1 16,687 13,052 -227,068 -251,471 -135,157 51,072
Book Value Per Share 2 2.450 2.490 2.540 2.620 2.670 2.730
Cash Flow per Share 2 0.8400 0.8400 0.4500 0.9600 1.320 0.8400
Capex 1 40.2 43.1 59.2 30.2 92 137
Capex / Sales 1.67% 1.61% 2% 1% 2.85% 4.67%
Announcement Date 3/31/19 4/7/20 3/28/21 4/29/22 4/28/23 4/26/24
1CNY in Million2CNY
Estimates
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