HAIDILAO INTERNATIONAL HOLDING LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.98 HKD | +6.52% |
|
+12.66% | +23.66% |
| Apr. 24 | Mingxing Electric Power's Chairman Resigns | MT |
| Mar. 28 | Jefferies Adjusts Haidilao International Holding’s Price Target to HK$18.00 From HK$14.60, Keeps at Hold | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 148,251 | 266,307 | 79,935 | 110,272 | 73,663 | 92,771 | - | - |
| Enterprise Value (EV) 1 | 144,455 | 267,438 | 81,790 | 108,325 | 73,663 | 83,992 | 80,876 | 78,031 |
| P/E ratio | 63.6 x | 837 x | -18.4 x | 79.1 x | 15.9 x | 18.2 x | 16.2 x | 14.7 x |
| Yield | 0.46% | 0.04% | - | 0.52% | - | 3.43% | 3.75% | 4.79% |
| Capitalization / Revenue | 5.58 x | 9.31 x | 1.94 x | 3.17 x | 1.78 x | 2 x | 1.84 x | 1.69 x |
| EV / Revenue | 5.44 x | 9.35 x | 1.99 x | 3.12 x | 1.78 x | 1.81 x | 1.6 x | 1.42 x |
| EV / EBITDA | 29.2 x | 66.5 x | 18.7 x | 19.6 x | 9.31 x | 9.19 x | 8.15 x | 7.23 x |
| EV / FCF | -324 x | -66.3 x | -131 x | 20.3 x | - | 12.8 x | 11.3 x | 10.3 x |
| FCF Yield | -0.31% | -1.51% | -0.76% | 4.92% | - | 7.83% | 8.84% | 9.68% |
| Price to Book | 14 x | 26 x | 10.1 x | 14.8 x | - | 6.83 x | 5.66 x | 4.64 x |
| Nbr of stocks (in thousands) | 5,300,000 | 5,300,000 | 5,574,000 | 5,574,000 | 5,574,000 | 5,574,000 | - | - |
| Reference price 2 | 27.97 | 50.25 | 14.34 | 19.78 | 13.22 | 16.64 | 16.64 | 16.64 |
| Announcement Date | 3/25/20 | 3/23/21 | 3/23/22 | 3/30/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 26,556 | 28,614 | 41,112 | 34,741 | 41,453 | 46,425 | 50,522 | 54,857 |
| EBITDA 1 | 4,952 | 4,024 | 4,364 | 5,539 | 7,916 | 9,141 | 9,924 | 10,785 |
| EBIT 1 | 3,061 | 989.9 | -184.1 | 1,732 | 4,970 | 6,499 | 7,295 | 8,231 |
| Operating Margin | 11.53% | 3.46% | -0.45% | 4.99% | 11.99% | 14% | 14.44% | 15% |
| Earnings before Tax (EBT) 1 | 3,247 | 735.1 | -3,976 | 1,914 | 5,833 | 6,595 | 7,448 | 8,374 |
| Net income 1 | 2,345 | 309.3 | -4,163 | 1,374 | 4,499 | 5,012 | 5,656 | 6,362 |
| Net margin | 8.83% | 1.08% | -10.13% | 3.96% | 10.85% | 10.8% | 11.2% | 11.6% |
| EPS 2 | 0.4400 | 0.0600 | -0.7800 | 0.2500 | 0.8300 | 0.9145 | 1.025 | 1.135 |
| Free Cash Flow 1 | -445.8 | -4,036 | -623.5 | 5,327 | - | 6,576 | 7,147 | 7,550 |
| FCF margin | -1.68% | -14.1% | -1.52% | 15.33% | - | 14.16% | 14.15% | 13.76% |
| FCF Conversion (EBITDA) | - | - | - | 96.17% | - | 71.93% | 72.02% | 70% |
| FCF Conversion (Net income) | - | - | - | 387.58% | - | 131.19% | 126.35% | 118.68% |
| Dividend per Share 2 | 0.1300 | 0.0180 | - | 0.1020 | - | 0.5706 | 0.6243 | 0.7974 |
| Announcement Date | 3/25/20 | 3/23/21 | 3/23/22 | 3/30/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,861 | 9,761 | 18,854 | 20,094 | 21,017 | 16,764 | 17,977 | 18,886 | 22,567 | 21,892 | 24,099 |
| EBITDA | 2,903 | - | 3,723 | 2,255 | - | - | - | - | - | - | - |
| EBIT 1 | 1,842 | - | 1,987 | 644.3 | -633.9 | 98.79 | 1,503 | 2,357 | 2,613 | 2,770 | 3,160 |
| Operating Margin | 12.4% | - | 10.54% | 3.21% | -3.02% | 0.59% | 8.36% | 12.48% | 11.58% | 12.65% | 13.11% |
| Earnings before Tax (EBT) 1 | 1,996 | - | 1,660 | 294.9 | -4,271 | -111.1 | 2,025 | 2,814 | 3,019 | 3,010 | 3,370 |
| Net income 1 | 1,434 | -964.6 | 1,274 | 94.53 | -4,258 | -266.3 | 1,641 | 2,258 | 2,241 | 2,226 | 2,495 |
| Net margin | 9.65% | -9.88% | 6.76% | 0.47% | -20.26% | -1.59% | 9.13% | 11.96% | 9.93% | 10.17% | 10.35% |
| EPS 2 | - | - | 0.2400 | - | - | - | - | - | - | 0.4300 | 0.4200 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/25/20 | 8/25/20 | 3/23/21 | 8/24/21 | 3/23/22 | 8/30/22 | 3/30/23 | 8/29/23 | 3/26/24 | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1,130 | 1,856 | - | - | - | - | - |
| Net Cash position 1 | 3,796 | - | - | 1,947 | - | 8,780 | 11,895 | 14,740 |
| Leverage (Debt/EBITDA) | - | 0.2809 x | 0.4252 x | - | - | - | - | - |
| Free Cash Flow 1 | -446 | -4,036 | -623 | 5,327 | - | 6,576 | 7,147 | 7,550 |
| ROE (net income / shareholders' equity) | 24.4% | 2.97% | -45.9% | 17.9% | - | 39.4% | 37.5% | 35.3% |
| ROA (Net income/ Total Assets) | 14.4% | 1.28% | -15% | 5.56% | - | 20.5% | 20.7% | 20.9% |
| Assets 1 | 16,279 | 24,070 | 27,774 | 24,730 | - | 24,507 | 27,323 | 30,372 |
| Book Value Per Share 2 | 2.000 | 1.930 | 1.420 | 1.340 | - | 2.440 | 2.940 | 3.590 |
| Cash Flow per Share 2 | 0.8600 | 0.3800 | 0.7200 | 1.140 | - | 1.370 | 1.520 | 1.630 |
| Capex 1 | 4,881 | 6,070 | 4,430 | 825 | - | 1,781 | 2,031 | 2,335 |
| Capex / Sales | 18.38% | 21.21% | 10.77% | 2.37% | - | 3.84% | 4.02% | 4.26% |
| Announcement Date | 3/25/20 | 3/23/21 | 3/23/22 | 3/30/23 | 3/26/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
33
Last Close Price
16.64
CNY
Average target price
18.72
CNY
Spread / Average Target
+12.49%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +23.66% | 12.8B | |
| -8.08% | 99.92B | |
| +3.87% | 47.26B | |
| -4.99% | 18.63B | |
| -21.05% | 12.31B | |
| +60.91% | 7.88B | |
| -16.84% | 6.12B | |
| -4.93% | 4.64B | |
| -22.60% | 3.45B | |
| +3.77% | 3.41B |
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