Financials Guangdong Haid Group Co., Limited

Equities

002311

CNE100000HP8

Fishing & Farming

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
50 CNY +0.36% Intraday chart for Guangdong Haid Group Co., Limited +4.04% +11.33%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 56,893 108,809 121,763 102,543 74,719 82,849 - -
Enterprise Value (EV) 1 58,935 112,793 128,781 109,519 74,722 81,260 78,367 74,534
P/E ratio 34.3 x 40.9 x 76.4 x 34.5 x 27.1 x 20.6 x 14.8 x 14.4 x
Yield 0.97% 0.49% 0.2% 0.73% 1.11% 1.66% 1.92% 2.29%
Capitalization / Revenue 1.19 x 1.8 x 1.42 x 0.98 x 0.64 x 0.65 x 0.57 x 0.51 x
EV / Revenue 1.24 x 1.87 x 1.5 x 1.05 x 0.64 x 0.64 x 0.54 x 0.46 x
EV / EBITDA 21.4 x 26.6 x 35.2 x 19.9 x 13.8 x 10.9 x 7.74 x 7.64 x
EV / FCF - - -77.2 x 59.6 x 7.98 x 26.2 x 16.4 x 13.1 x
FCF Yield - - -1.29% 1.68% 12.5% 3.81% 6.09% 7.62%
Price to Book 6.25 x 7.79 x 8.42 x 5.75 x 3.8 x 3.62 x 3.01 x 2.66 x
Nbr of stocks (in thousands) 1,580,357 1,661,211 1,661,161 1,661,161 1,663,750 1,656,970 - -
Reference price 2 36.00 65.50 73.30 61.73 44.91 50.00 50.00 50.00
Announcement Date 2/13/20 1/15/21 2/25/22 4/14/23 3/2/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 47,613 60,324 85,999 104,715 116,117 127,769 145,688 161,140
EBITDA 1 2,760 4,244 3,657 5,512 5,413 7,434 10,125 9,751
EBIT 1 2,098 3,347 2,468 3,903 3,552 5,297 7,452 7,386
Operating Margin 4.41% 5.55% 2.87% 3.73% 3.06% 4.15% 5.12% 4.58%
Earnings before Tax (EBT) 1 2,094 3,284 2,462 3,823 3,518 5,163 7,371 7,187
Net income 1 1,649 2,523 1,596 2,954 2,741 4,047 5,619 5,770
Net margin 3.46% 4.18% 1.86% 2.82% 2.36% 3.17% 3.86% 3.58%
EPS 2 1.050 1.600 0.9600 1.790 1.660 2.433 3.379 3.469
Free Cash Flow 1 - - -1,667 1,838 9,361 3,097 4,774 5,676
FCF margin - - -1.94% 1.75% 8.06% 2.42% 3.28% 3.52%
FCF Conversion (EBITDA) - - - 33.34% 172.94% 41.66% 47.15% 58.21%
FCF Conversion (Net income) - - - 62.21% 341.48% 76.52% 84.96% 98.37%
Dividend per Share 2 0.3500 0.3200 0.1500 0.4500 0.5000 0.8279 0.9604 1.147
Announcement Date 2/13/20 1/15/21 2/25/22 4/14/23 3/2/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 26,372 32,629 25,760 23,358 29,378 34,190 29,191 23,172 36,677 36,677 36,677 - -
EBITDA 1 1,349 1,927 - - - - - - 1,893 1,893 1,893 - -
EBIT 1 1,038 1,454 1,039 - - 1,402 642.8 - 1,490 1,490 1,490 - -
Operating Margin 3.94% 4.46% 4.03% - - 4.1% 2.2% - 4.06% 4.06% 4.06% - -
Earnings before Tax (EBT) 1 1,022 1,440 1,001 - - - - - 1,508 1,508 1,508 - -
Net income 1 717.8 1,183 852.4 - - 1,151 489.7 - 1,125 1,125 1,125 - -
Net margin 2.72% 3.63% 3.31% - - 3.37% 1.68% - 3.07% 3.07% 3.07% - -
EPS 2 0.4300 0.7100 0.5300 - 0.4200 0.6900 0.3000 - 0.6082 0.7382 0.7382 - -
Dividend per Share 2 - - 0.4500 - - - - - - - 0.7696 - -
Announcement Date 8/29/22 10/20/22 4/14/23 4/24/23 8/28/23 10/19/23 3/2/24 4/22/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,042 3,983 7,018 6,975 2.64 - - -
Net Cash position 1 - - - - - 1,588 4,482 8,314
Leverage (Debt/EBITDA) 0.7397 x 0.9385 x 1.919 x 1.265 x 0.000488 x - - -
Free Cash Flow 1 - - -1,667 1,838 9,361 3,097 4,774 5,676
ROE (net income / shareholders' equity) 19.5% 23.9% 11.5% 18.5% 14.5% 18.1% 20.7% 18.6%
ROA (Net income/ Total Assets) 9.1% 10.7% 5.08% 7.39% - 8.35% 10.2% 9.51%
Assets 1 18,110 23,532 31,418 39,966 - 48,470 54,877 60,674
Book Value Per Share 2 5.760 8.410 8.710 10.70 11.80 13.80 16.60 18.80
Cash Flow per Share 2 2.050 0.2900 1.890 4.100 7.630 4.050 5.230 1.500
Capex 1 2,300 3,321 4,644 4,980 3,337 3,192 3,024 2,280
Capex / Sales 4.83% 5.51% 5.4% 4.76% 2.87% 2.5% 2.08% 1.42%
Announcement Date 2/13/20 1/15/21 2/25/22 4/14/23 3/2/24 - - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
50 CNY
Average target price
60.38 CNY
Spread / Average Target
+20.76%
Consensus
  1. Stock Market
  2. Equities
  3. 002311 Stock
  4. Financials Guangdong Haid Group Co., Limited