Financials Era Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
4.62 ^CNY	-6.85%		-1.70%	-8.15%

Apr. 29	Era Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 26	Era Co., Ltd. Announces Profit Distribution Proposal of Final Cash Dividend for the Year 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,245	7,882	6,770	5,435	6,182	5,678	-	-
Enterprise Value (EV) ¹	5,245	7,882	6,770	5,435	6,182	5,678	5,678	5,678
P/E ratio	10.2 x	9.38 x	11.7 x	62.9 x	15.7 x	13.7 x	9.53 x	11.2 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	0.83 x	1.12 x	0.76 x	0.68 x	0.83 x	0.7 x	0.59 x	0.58 x
EV / Revenue	0.83 x	1.12 x	0.76 x	0.68 x	0.83 x	0.7 x	0.59 x	0.58 x
EV / EBITDA	6.52 x	7.09 x	7.59 x	15.4 x	8.32 x	7.15 x	6.12 x	6.35 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.55 x	1.68 x	1.34 x	1.08 x	1.14 x	1.01 x	0.91 x	0.9 x
Nbr of stocks (in thousands)	1,123,200	1,235,384	1,235,384	1,235,154	1,229,094	1,229,094	-	-
Reference price ²	4.670	6.380	5.480	4.400	5.030	4.620	4.620	4.620
Announcement Date	2/20/20	1/21/21	2/27/22	3/30/23	2/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,291	7,036	8,881	7,979	7,477	8,064	9,569	9,808
EBITDA ¹	804.8	1,112	891.9	353.5	742.9	794	927.8	894.8
EBIT ¹	587.2	883.6	642.9	69.31	455	474.2	640.8	598.3
Operating Margin	9.33%	12.56%	7.24%	0.87%	6.09%	5.88%	6.7%	6.1%
Earnings before Tax (EBT) ¹	589.4	881.6	641.1	69.9	454.7	473.8	639.8	595.9
Net income ¹	513.7	769.6	576.9	81.37	394.3	415.7	596.9	511.6
Net margin	8.17%	10.94%	6.5%	1.02%	5.27%	5.16%	6.24%	5.22%
EPS ²	0.4600	0.6800	0.4700	0.0700	0.3200	0.3367	0.4850	0.4133
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	2/20/20	1/21/21	2/27/22	3/30/23	2/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	16.4%	20.7%	11.8%	1.62%	7.55%	7.37%	9.29%	8.07%
ROA (Net income/ Total Assets)	-	11.6%	-	-	-	7.22%	8.69%	-
Assets ¹	-	6,637	-	-	-	5,758	6,869	-
Book Value Per Share ²	3.010	3.800	4.090	4.070	4.400	4.600	5.100	5.160
Cash Flow per Share ²	0.7700	0.8600	0.2700	0.3500	0.8700	0.6200	0.8000	0.6700
Capex ¹	328	502	687	594	352	190	272	309
Capex / Sales	5.21%	7.14%	7.73%	7.45%	4.7%	2.35%	2.84%	3.15%
Announcement Date	2/20/20	1/21/21	2/27/22	3/30/23	2/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.62 CNY

Average target price

6.025 CNY

Spread / Average Target

+30.41%

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