GUANGDONG ADVERTISING GROUP CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.44 CNY | +2.64% |
|
+4.21% | -1.98% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,160 | 5,753 | 9,257 | 8,943 | 7,461 | 9,676 |
| Enterprise Value (EV) 1 | 4,686 | 4,944 | 8,403 | 7,534 | 6,861 | 8,709 |
| P/E ratio | 26.9 x | 36.7 x | -10 x | 46.6 x | 35.7 x | 63.2 x |
| Yield | 0.34% | 0.7% | - | 0.31% | 0.93% | 0.49% |
| Capitalization / Revenue | 0.43 x | 0.5 x | 0.7 x | 0.69 x | 0.51 x | 0.58 x |
| EV / Revenue | 0.39 x | 0.43 x | 0.63 x | 0.58 x | 0.47 x | 0.52 x |
| EV / EBITDA | 8.06 x | 8.8 x | 30.3 x | 35.9 x | 17.3 x | 40.7 x |
| EV / FCF | 10.5 x | 12.2 x | 36.1 x | 11 x | -11.1 x | 14.6 x |
| FCF Yield | 9.51% | 8.21% | 2.77% | 9.09% | -9.05% | 6.86% |
| Price to Book | 0.99 x | 1.07 x | 2.09 x | 1.93 x | 1.55 x | 1.98 x |
| Nbr of stocks (in thousands) | 1,743,337 | 1,743,337 | 1,743,337 | 1,743,337 | 1,743,337 | 1,743,337 |
| Reference price 2 | 2.960 | 3.300 | 5.310 | 5.130 | 4.280 | 5.550 |
| Announcement Date | 4/17/19 | 4/29/20 | 4/27/21 | 3/30/22 | 3/29/23 | 3/27/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 12,115 | 11,536 | 13,291 | 13,003 | 14,600 | 16,673 |
| EBITDA 1 | 581.3 | 561.8 | 277.3 | 209.6 | 397.1 | 213.8 |
| EBIT 1 | 554.9 | 534.1 | 247.2 | 183 | 372.4 | 188.8 |
| Operating Margin | 4.58% | 4.63% | 1.86% | 1.41% | 2.55% | 1.13% |
| Earnings before Tax (EBT) 1 | 333.2 | 280.3 | -877.5 | 232.8 | 285.8 | 190 |
| Net income 1 | 185.9 | 149.5 | -932.3 | 183.9 | 212.9 | 153.1 |
| Net margin | 1.53% | 1.3% | -7.01% | 1.41% | 1.46% | 0.92% |
| EPS 2 | 0.1100 | 0.0900 | -0.5300 | 0.1100 | 0.1200 | 0.0878 |
| Free Cash Flow 1 | 445.6 | 406 | 232.7 | 685 | -620.8 | 597.4 |
| FCF margin | 3.68% | 3.52% | 1.75% | 5.27% | -4.25% | 3.58% |
| FCF Conversion (EBITDA) | 76.65% | 72.26% | 83.91% | 326.85% | - | 279.38% |
| FCF Conversion (Net income) | 239.63% | 271.58% | - | 372.58% | - | 390.2% |
| Dividend per Share 2 | 0.0100 | 0.0230 | - | 0.0160 | 0.0400 | 0.0270 |
| Announcement Date | 4/17/19 | 4/29/20 | 4/27/21 | 3/30/22 | 3/29/23 | 3/27/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 474 | 809 | 854 | 1,409 | 601 | 967 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 446 | 406 | 233 | 685 | -621 | 597 |
| ROE (net income / shareholders' equity) | 4.66% | 3.28% | -17.6% | 4.12% | 4.46% | 3.08% |
| ROA (Net income/ Total Assets) | 3.6% | 3.71% | 1.83% | 1.42% | 2.7% | 1.18% |
| Assets 1 | 5,163 | 4,028 | -50,966 | 12,927 | 7,878 | 12,932 |
| Book Value Per Share 2 | 2.990 | 3.090 | 2.540 | 2.660 | 2.750 | 2.800 |
| Cash Flow per Share 2 | 0.4100 | 0.8000 | 0.4100 | 0.8200 | 0.5000 | 1.020 |
| Capex 1 | 53 | 46.7 | 17.4 | 11 | 95.4 | 10.5 |
| Capex / Sales | 0.44% | 0.4% | 0.13% | 0.08% | 0.65% | 0.06% |
| Announcement Date | 4/17/19 | 4/29/20 | 4/27/21 | 3/30/22 | 3/29/23 | 3/27/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -1.98% | 1.28B | |
| +16.61% | 7.09B | |
| -10.09% | 1.95B | |
| -12.04% | 1.12B | |
| -38.66% | 628M | |
| -6.90% | 516M | |
| -32.71% | 461M | |
| +6.04% | 433M | |
| -30.95% | 371M | |
| -5.77% | 355M |
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