Financials Flower KingEco-Engineering Inc.

Equities

603007

CNE1000030Q3

Construction & Engineering

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
5.94 CNY +3.13% Intraday chart for Flower KingEco-Engineering Inc. +6.45% +8.59%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,647 2,263 1,752 1,122 1,297 1,914
Enterprise Value (EV) 1 2,986 2,941 2,886 2,084 2,341 2,649
P/E ratio 26.5 x 23.7 x 89.2 x -1.92 x -5.72 x -10.2 x
Yield 0.38% 1.46% 0.19% - - -
Capitalization / Revenue 2.09 x 1.83 x 3.06 x 6.75 x 6.63 x 12 x
EV / Revenue 2.36 x 2.38 x 5.05 x 12.5 x 12 x 16.6 x
EV / EBITDA 23.2 x 18.7 x 42.6 x -6.46 x -23.9 x -46.2 x
EV / FCF -230 x -7.93 x -5.71 x -77.5 x 605 x 13.7 x
FCF Yield -0.44% -12.6% -17.5% -1.29% 0.17% 7.29%
Price to Book 2.47 x 1.75 x 2.43 x 2.29 x 4.67 x 5.65 x
Nbr of stocks (in thousands) 333,375 329,392 327,471 328,032 333,411 349,882
Reference price 2 7.940 6.870 5.350 3.420 3.890 5.470
Announcement Date 4/26/19 4/29/20 4/29/21 4/27/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,264 1,235 572 166.2 195.8 159.3
EBITDA 1 128.6 157.2 67.78 -322.8 -98.06 -57.3
EBIT 1 113.8 140.4 48.16 -338.5 -113 -76
Operating Margin 9% 11.37% 8.42% -203.63% -57.73% -47.72%
Earnings before Tax (EBT) 1 131.8 125.9 7.75 -616.6 -247.9 -202.6
Net income 1 99.93 97.39 21.54 -592.8 -228 -182.6
Net margin 7.9% 7.89% 3.77% -356.63% -116.47% -114.64%
EPS 2 0.3000 0.2900 0.0600 -1.780 -0.6800 -0.5340
Free Cash Flow 1 -13 -370.7 -505.4 -26.91 3.872 193.1
FCF margin -1.03% -30.03% -88.35% -16.19% 1.98% 121.22%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0300 0.1000 0.0100 - - -
Announcement Date 4/26/19 4/29/20 4/29/21 4/27/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 -17.51
Net margin -
EPS 2 -0.0500
Dividend per Share -
Announcement Date 4/27/22
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 339 678 1,134 962 1,044 735
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.635 x 4.315 x 16.74 x -2.981 x -10.64 x -12.83 x
Free Cash Flow 1 -13 -371 -505 -26.9 3.87 193
ROE (net income / shareholders' equity) 10.1% 7.62% 0.17% -75.9% -61.7% -66%
ROA (Net income/ Total Assets) 2.35% 2.45% 0.81% -6.68% -2.75% -1.99%
Assets 1 4,247 3,976 2,676 8,875 8,283 9,196
Book Value Per Share 2 3.220 3.930 2.200 1.490 0.8300 0.9700
Cash Flow per Share 2 0.9000 1.030 0.3200 0.1600 0.1400 0.0600
Capex 1 43.6 72 9.77 34.9 26.7 14.7
Capex / Sales 3.45% 5.83% 1.71% 20.99% 13.66% 9.25%
Announcement Date 4/26/19 4/29/20 4/29/21 4/27/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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