Financials Fosun International Limited

Equities

656

HK0656038673

Investment Management & Fund Operators

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
4.5 HKD +0.90% Intraday chart for Fosun International Limited +5.88% -1.96%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 85,556 86,674 86,305 56,960 46,173 34,041 34,041 -
Enterprise Value (EV) 1 164,115 195,183 205,587 196,773 154,561 154,965 167,726 173,717
P/E ratio 6.42 x 5.87 x 10.9 x 5.66 x 93.6 x 24.5 x 8.95 x 5.8 x
Yield 3.16% 3.6% 1.81% 3.57% 0.22% 0.84% 2.36% 3.65%
Capitalization / Revenue 0.78 x 0.61 x 0.63 x 0.35 x 0.26 x 0.17 x 0.16 x 0.15 x
EV / Revenue 1.5 x 1.37 x 1.5 x 1.22 x 0.88 x 0.78 x 0.8 x 0.77 x
EV / EBITDA 6.74 x 6.11 x 6.97 x 5.86 x 6.05 x 2.78 x 20.3 x 7.16 x
EV / FCF -107 x -23.8 x -56.5 x -11.4 x - 4.54 x 4.31 x 5.27 x
FCF Yield -0.93% -4.21% -1.77% -8.76% - 22% 23.2% 19%
Price to Book 0.79 x 0.71 x 0.68 x 0.44 x 0.38 x 0.3 x 0.27 x 0.31 x
Nbr of stocks (in thousands) 8,546,929 8,537,541 8,418,950 8,312,259 8,220,210 8,172,151 8,172,151 -
Reference price 2 10.01 10.15 10.25 6.853 5.617 4.166 4.166 4.166
Announcement Date 3/26/19 3/31/20 3/30/21 3/23/22 3/29/23 3/27/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 109,400 142,982 136,630 161,291 175,393 198,200 208,909 224,250
EBITDA 1 24,353 31,938 29,482 33,577 25,538 55,731 8,271 24,249
EBIT 1 20,525 31,931 21,978 25,661 16,531 45,174 3,255 15,746
Operating Margin 18.76% 22.33% 16.09% 15.91% 9.43% 22.79% 1.56% 7.02%
Earnings before Tax (EBT) 1 21,995 27,517 16,974 24,653 12,536 7,872 10,963 14,486
Net income 1 13,406 14,801 8,018 10,090 538.7 1,379 3,865 5,675
Net margin 12.25% 10.35% 5.87% 6.26% 0.31% 0.7% 1.85% 2.53%
EPS 2 1.560 1.730 0.9400 1.210 0.0600 0.1700 0.4653 0.7180
Free Cash Flow 1 -1,529 -8,212 -3,636 -17,233 - 35,704 38,873 32,936
FCF margin -1.4% -5.74% -2.66% -10.68% - 18.68% 18.61% 14.69%
FCF Conversion (EBITDA) - - - - - 151.6% 470% 135.83%
FCF Conversion (Net income) - - - - - 722.2% 1,005.83% 580.34%
Dividend per Share 2 0.3165 0.3655 0.1860 0.2443 0.0123 0.0351 0.0984 0.1522
Announcement Date 3/26/19 3/31/20 3/30/21 3/23/22 3/29/23 3/27/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 68,475 74,507 63,269 73,360 70,406 90,885 - 92,502 97,065 101,136 100,499 100,499
EBITDA - - - - - - - - - - - -
EBIT - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - -
Net income - - - - - - 2,697 - 1,360 - - -
Net margin - - - - - - - - 1.4% - - -
EPS 2 0.8900 0.8400 0.2400 0.7000 0.4800 0.7300 0.3200 - 0.1700 0.2900 0.3000 0.3000
Dividend per Share - - - - - - - - - - - -
Announcement Date 8/27/19 3/31/20 8/27/20 3/30/21 8/24/21 3/23/22 8/30/22 3/29/23 8/30/23 3/27/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 78,559 108,509 119,282 139,813 108,388 120,756 133,685 139,675
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.226 x 3.398 x 4.046 x 4.164 x 4.244 x 2.167 x 16.16 x 5.76 x
Free Cash Flow 1 -1,529 -8,212 -3,636 -17,233 - 35,704 38,873 32,936
ROE (net income / shareholders' equity) 12.8% 12.8% 6.41% 7.8% 0.43% 1.12% 2.76% 6.26%
ROA (Net income/ Total Assets) 2.29% 2.19% 1.08% 1.26% 0.07% 0.17% 0.8% 1%
Assets 1 586,319 677,294 741,711 801,684 815,000 807,437 483,096 567,534
Book Value Per Share 2 12.70 14.40 15.10 15.70 14.80 14.00 15.40 13.60
Cash Flow per Share 2 - 0.9200 1.050 -0.3900 0.2100 3.710 2.150 2.960
Capex 1 6,501 4,097 5,692 5,965 6,653 13,744 6,905 15,384
Capex / Sales 5.94% 2.87% 4.17% 3.7% 3.79% 6.93% 3.31% 6.86%
Announcement Date 3/26/19 3/31/20 3/30/21 3/23/22 3/29/23 3/27/24 - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
4.166 CNY
Average target price
5.516 CNY
Spread / Average Target
+32.43%
Consensus
  1. Stock Market
  2. Equities
  3. 656 Stock
  4. Financials Fosun International Limited