Financials Fujian Start Group Co.Ltd

Equities

600734

CNE000000LS5

Business Support Services

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
3.48 CNY +1.75% Intraday chart for Fujian Start Group Co.Ltd +4.19% -4.66%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,916 4,226 753.1 1,880 8,016 7,951
Enterprise Value (EV) 1 5,318 5,789 2,426 1,132 7,875 7,848
P/E ratio -14.7 x -1.39 x -1.27 x 2.72 x -72.3 x 213 x
Yield - - - - - -
Capitalization / Revenue 0.58 x 2.71 x 0.65 x 2.04 x 30.6 x 23.7 x
EV / Revenue 0.79 x 3.72 x 2.11 x 1.23 x 30 x 23.4 x
EV / EBITDA 15.4 x -3.19 x -7.55 x -7.49 x -258 x 147 x
EV / FCF -8.27 x 7.91 x 35.3 x 9.06 x -15.9 x -847 x
FCF Yield -12.1% 12.6% 2.83% 11% -6.31% -0.12%
Price to Book 1.5 x -9.02 x -0.7 x 4.13 x 22.6 x 20.4 x
Nbr of stocks (in thousands) 623,516 622,372 622,372 622,372 2,178,303 2,178,303
Reference price 2 6.280 6.790 1.210 3.020 3.680 3.650
Announcement Date 4/30/19 6/12/20 4/29/21 4/29/22 4/28/23 4/19/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 6,760 1,557 1,151 921.8 262.3 335.5
EBITDA 1 346.1 -1,816 -321.5 -151.1 -30.57 53.47
EBIT 1 289.9 -1,879 -375.8 -181.4 -36.21 47.62
Operating Margin 4.29% -120.69% -32.63% -19.67% -13.8% 14.19%
Earnings before Tax (EBT) 1 -213 -3,083 -642.7 631.7 -96.77 41.29
Net income 1 -267.2 -3,047 -591.1 689.9 -97.58 37.2
Net margin -3.95% -195.7% -51.34% 74.84% -37.2% 11.09%
EPS 2 -0.4285 -4.891 -0.9498 1.109 -0.0509 0.0171
Free Cash Flow 1 -642.9 732.1 68.66 124.9 -496.7 -9.27
FCF margin -9.51% 47.02% 5.96% 13.55% -189.34% -2.76%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - 18.11% - -
Dividend per Share - - - - - -
Announcement Date 4/30/19 6/12/20 4/29/21 4/29/22 4/28/23 4/19/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,403 1,563 1,673 - - -
Net Cash position 1 - - - 748 141 103
Leverage (Debt/EBITDA) 4.053 x -0.8606 x -5.205 x - - -
Free Cash Flow 1 -643 732 68.7 125 -497 -9.27
ROE (net income / shareholders' equity) -9.74% -285% 76.8% -195% -24.1% 9.95%
ROA (Net income/ Total Assets) 2.33% -23.6% -9.75% -6.07% -1.77% 3.36%
Assets 1 -11,472 12,913 6,062 -11,375 5,507 1,108
Book Value Per Share 2 4.190 -0.7500 -1.720 0.7300 0.1600 0.1800
Cash Flow per Share 2 0.4800 0.3500 0.1000 1.460 0.1400 0.1100
Capex 1 125 10.4 10.1 8.42 7.66 12.2
Capex / Sales 1.85% 0.67% 0.88% 0.91% 2.92% 3.65%
Announcement Date 4/30/19 6/12/20 4/29/21 4/29/22 4/28/23 4/19/24
1CNY in Million2CNY
Estimates
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