Financials Guangzhou Haige Communications Group Incorporated Company

Equities

002465

CNE100000T24

Communications & Networking

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
10.9 CNY +1.11% Intraday chart for Guangzhou Haige Communications Group Incorporated Company +0.09% -15.18%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 24,967 24,957 25,165 18,712 31,892 27,052 - -
Enterprise Value (EV) 1 23,755 23,298 22,732 16,451 31,892 27,052 27,052 27,052
P/E ratio 47.1 x 43.3 x 39 x 28 x 42.8 x 30.9 x 24.6 x 20 x
Yield 1.11% 1.22% 1.37% 1.85% 1.17% 1.65% 2.02% 2.48%
Capitalization / Revenue 5.42 x 4.87 x 4.6 x 3.33 x 4.95 x 3.45 x 2.86 x 2.35 x
EV / Revenue 5.42 x 4.87 x 4.6 x 3.33 x 4.95 x 3.45 x 2.86 x 2.35 x
EV / EBITDA 34.9 x 33.3 x 28.3 x 21.7 x 35.9 x 22.8 x 18.5 x 15.3 x
EV / FCF 850 x - - - -43.8 x -20 x -22.3 x -30.9 x
FCF Yield 0.12% - - - -2.28% -4.99% -4.48% -3.23%
Price to Book 2.6 x 2.51 x 2.45 x 1.76 x 2.48 x 2.01 x 1.91 x 1.8 x
Nbr of stocks (in thousands) 2,305,325 2,304,449 2,304,449 2,304,449 2,481,834 2,481,834 - -
Reference price 2 10.83 10.83 10.92 8.120 12.85 10.90 10.90 10.90
Announcement Date 2/20/20 3/2/21 3/25/22 3/24/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,607 5,122 5,474 5,616 6,449 7,834 9,474 11,507
EBITDA 1 716 749.9 890.4 863.2 887.5 1,189 1,464 1,772
EBIT 1 569.6 611.8 750.1 719.7 710.1 933.7 1,170 1,446
Operating Margin 12.36% 11.94% 13.7% 12.82% 11.01% 11.92% 12.35% 12.56%
Earnings before Tax (EBT) 1 599.3 638.7 734.2 722.7 712.1 937.4 1,230 1,448
Net income 1 519.5 585.6 653.6 668.2 703 878.9 1,147 1,355
Net margin 11.28% 11.43% 11.94% 11.9% 10.9% 11.22% 12.1% 11.77%
EPS 2 0.2300 0.2500 0.2800 0.2900 0.3000 0.3525 0.4425 0.5450
Free Cash Flow 1 29.37 - - - -728.7 -1,351 -1,212 -875
FCF margin 0.64% - - - -11.3% -17.25% -12.79% -7.6%
FCF Conversion (EBITDA) 4.1% - - - - - - -
FCF Conversion (Net income) 5.65% - - - - - - -
Dividend per Share 2 0.1200 0.1320 0.1500 0.1500 0.1500 0.1800 0.2200 0.2700
Announcement Date 2/20/20 3/2/21 3/25/22 3/24/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2
Net sales 1 2,104 1,918 937.8 1,547 1,225 1,906 1,034 1,843
EBITDA - 249.3 53.65 251.6 154.9 - - -
EBIT 1 - 327.2 57.05 268 100.1 294.5 52.3 270.9
Operating Margin - 17.06% 6.08% 17.33% 8.18% 15.45% 5.06% 14.7%
Earnings before Tax (EBT) 1 - - - - - - - 272
Net income 1 213.6 - - - - - - 269.1
Net margin 10.15% - - - - - - 14.6%
EPS 2 - 0.1100 0.0227 0.1100 0.0400 0.1200 0.0183 0.1200
Dividend per Share - 0.1500 - - - - - -
Announcement Date 8/21/20 3/25/22 4/19/22 8/26/22 10/27/22 3/24/23 4/20/23 8/24/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position 1,211 1,660 2,433 2,261 - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 29.4 - - - -729 -1,351 -1,212 -875
ROE (net income / shareholders' equity) 5.88% 6.02% 6.47% 6.41% 6.34% 6.53% 7.72% 8.9%
ROA (Net income/ Total Assets) 4.22% 4.32% 4.54% - - - - -
Assets 1 12,304 13,553 14,408 - - - - -
Book Value Per Share 2 4.160 4.310 4.460 4.630 5.180 5.420 5.710 6.070
Cash Flow per Share 2 0.1000 0.6300 0.2700 -0.0200 -0.1100 -0.1800 0.1700 0.3200
Capex 1 207 243 168 390 460 466 491 532
Capex / Sales 4.49% 4.74% 3.07% 6.94% 7.13% 5.95% 5.18% 4.62%
Announcement Date 2/20/20 3/2/21 3/25/22 3/24/23 3/28/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
10.9 CNY
Average target price
13.91 CNY
Spread / Average Target
+27.61%
Consensus
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