Financials Hbis Company Limited

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
2.18 ^CNY	+0.93%		-3.11%	+2.35%

Apr. 26	HBIS Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Mar. 21	HBIS Company Limited Approves Election of Wang Shuhuan as an Independent Director	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024
Capitalization ¹	30,157	26,670	23,155	25,429	23,362	22,535	22,535
Enterprise Value (EV) ¹	30,157	26,670	23,155	25,429	23,362	22,018	22,535
P/E ratio	8.88 x	12.9 x	18.7 x	10.3 x	17.4 x	23.7 x	15.6 x
Yield	3.52%	-	4.46%	4.07%	1.77%	1.88%	1.83%
Capitalization / Revenue	0.25 x	0.22 x	0.22 x	0.17 x	0.16 x	0.18 x	0.17 x
EV / Revenue	0.25 x	0.22 x	0.22 x	0.17 x	0.16 x	0.18 x	0.17 x
EV / EBITDA	2.5 x	-	-	2.3 x	2.81 x	2.77 x	1.4 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	0.53 x	-	0.48 x	0.51 x	0.45 x	0.43 x	0.39 x
Nbr of stocks (in thousands)	10,618,608	10,337,121	10,337,121	10,337,121	10,337,121	10,337,121	10,337,121
Reference price ²	2.840	2.580	2.240	2.460	2.260	2.180	2.180
Announcement Date	4/25/19	4/22/20	4/15/21	4/21/22	4/27/23	4/26/24	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024
Net sales ¹	120,957	121,495	107,657	149,626	143,470	122,744	134,116
EBITDA ¹	12,050	-	-	11,074	8,310	7,956	16,077
EBIT ¹	5,374	-	2,426	3,269	916.8	864.6	1,648
Operating Margin	4.44%	-	2.25%	2.18%	0.64%	0.7%	1.23%
Earnings before Tax (EBT) ¹	5,428	3,619	2,416	3,668	1,606	1,346	1,636
Net income ¹	3,626	2,559	1,698	2,688	1,395	1,084	1,470
Net margin	3%	2.11%	1.58%	1.8%	0.97%	0.88%	1.1%
EPS ²	0.3200	0.2000	0.1200	0.2400	0.1300	0.0900	0.1400
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	0.1000	-	0.1000	0.1000	0.0400	0.0400	0.0400
Announcement Date	4/25/19	4/22/20	4/15/21	4/21/22	4/27/23	4/26/24	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	7.18%	3.73%	2.15%	4.94%	2.64%	1.72%	2.6%
ROA (Net income/ Total Assets)	1.82%	1.22%	0.73%	1.11%	0.56%	0.4%	0.6%
Assets ¹	199,467	210,310	232,265	242,326	248,327	271,750	245,000
Book Value Per Share ²	5.310	-	4.670	4.810	4.970	4.960	5.520
Cash Flow per Share ²	0.9400	-	0.7200	1.380	0.8900	1.080	1.560
Capex ¹	11,101	10,830	11,228	9,800	11,956	11,794	18,077
Capex / Sales	9.18%	8.91%	10.43%	6.55%	8.33%	9.61%	13.48%
Announcement Date	4/25/19	4/22/20	4/15/21	4/21/22	4/27/23	4/26/24	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C-

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2.18 CNY

Average target price

2.72 CNY

Spread / Average Target

+24.77%

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