Financials Genertec Universal Medical Group Company Limited

Equities

Delayed Hong Kong S.E. Other stock markets 02:59:41 2024-04-29 am EDT			5-day change	1st Jan Change
4.72 ^HKD	+0.64%		+0.85%	+5.12%

Apr. 17	Genertec Universal Medical Unit to Raise Up to 2 Billion Yuan from Bond Issue	MT
Mar. 27	Genertec Universal Medical Group Company Limited Announces Final Dividend for the Year Ended 31 December 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	9,049	8,364	8,677	7,919	7,719	8,212	-	-
Enterprise Value (EV) ¹	43,125	8,364	8,677	7,919	7,719	8,212	8,212	8,212
P/E ratio	6.06 x	5.08 x	5.04 x	4.5 x	4.12 x	4.28 x	3.61 x	3.98 x
Yield	5.01%	5.36%	6.38%	7.12%	-	8.19%	8.8%	8.29%
Capitalization / Revenue	1.33 x	0.98 x	0.88 x	0.66 x	0.57 x	0.54 x	0.48 x	0.46 x
EV / Revenue	1.33 x	0.98 x	0.88 x	0.66 x	0.57 x	0.54 x	0.48 x	0.46 x
EV / EBITDA	3.66 x	2.96 x	2.89 x	2.42 x	2.27 x	2.33 x	2.24 x	2.19 x
EV / FCF	-4.45 x	-6.09 x	-4.86 x	5.46 x	-	2.62 x	2.88 x	2.39 x
FCF Yield	-22.5%	-16.4%	-20.6%	18.3%	-	38.2%	34.8%	41.9%
Price to Book	0.81 x	0.67 x	0.59 x	0.51 x	-	0.53 x	0.46 x	0.45 x
Nbr of stocks (in thousands)	1,716,305	1,716,305	1,891,540	1,891,540	1,891,540	1,891,540	-	-
Reference price ²	5.273	4.873	4.587	4.186	4.081	4.341	4.341	4.341
Announcement Date	3/24/20	3/31/21	3/29/22	3/29/23	3/27/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,816	8,521	9,914	11,912	13,650	15,313	17,184	17,971
EBITDA ¹	2,473	2,830	2,998	3,271	3,408	3,517	3,658	3,746
EBIT ¹	2,333	2,560	2,679	2,833	2,899	3,007	3,127	3,193
Operating Margin	34.23%	30.04%	27.02%	23.78%	21.24%	19.64%	18.2%	17.77%
Earnings before Tax (EBT) ¹	2,212	2,365	2,692	2,704	2,866	3,247	3,486	3,181
Net income ¹	1,489	1,648	1,835	1,890	2,021	2,112	2,414	2,279
Net margin	21.84%	19.33%	18.51%	15.87%	14.81%	13.79%	14.05%	12.68%
EPS ²	0.8700	0.9600	0.9100	0.9300	0.9900	1.014	1.202	1.090
Free Cash Flow ¹	-2,032	-1,373	-1,786	1,449	-	3,134	2,856	3,443
FCF margin	-29.82%	-16.11%	-18.01%	12.16%	-	20.47%	16.62%	19.16%
FCF Conversion (EBITDA)	-	-	-	44.3%	-	89.11%	78.08%	91.91%
FCF Conversion (Net income)	-	-	-	76.67%	-	148.4%	118.3%	151.08%
Dividend per Share ²	0.2641	0.2613	0.2926	0.2982	-	0.3556	0.3822	0.3600
Announcement Date	3/24/20	3/31/21	3/29/22	3/29/23	3/27/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	34,076	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	13.78 x	-	-	-	-	-	-	-
Free Cash Flow ¹	-2,032	-1,373	-1,786	1,449	-	3,134	2,856	3,443
ROE (net income / shareholders' equity)	14.1%	14.8%	15.4%	14%	-	13.1%	13%	11.7%
ROA (Net income/ Total Assets)	2.83%	2.93%	3.09%	2.84%	-	2.7%	2.66%	2.59%
Assets ¹	52,555	56,280	59,393	66,550	-	78,215	90,758	87,992
Book Value Per Share ²	6.490	7.240	7.810	8.260	-	8.240	9.430	9.750
Cash Flow per Share	-1.060	-	-	-	-	-	-	-
Capex ¹	194	401	385	608	-	799	834	897
Capex / Sales	2.85%	4.7%	3.88%	5.1%	-	5.21%	4.85%	4.99%
Announcement Date	3/24/20	3/31/21	3/29/22	3/29/23	3/27/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.341 CNY

Average target price

5.752 CNY

Spread / Average Target

+32.48%

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