HEBEI YANGYUAN ZHIHUI BEVERAGE CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 25.94 CNY | +2.49% |
|
-3.43% | +22.01% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 31,321 | 30,615 | 32,700 | 35,953 | 28,183 | 26,904 |
| Enterprise Value (EV) 1 | 19,099 | 19,022 | 22,314 | 24,872 | 19,548 | 20,729 |
| P/E ratio | 11.6 x | 11.4 x | 20.7 x | 17 x | 19.1 x | 18.3 x |
| Yield | 7.21% | 6.89% | 4.64% | 7.04% | 8.08% | 7.53% |
| Capitalization / Revenue | 3.85 x | 4.1 x | 7.39 x | 5.21 x | 4.76 x | 4.37 x |
| EV / Revenue | 2.35 x | 2.55 x | 5.04 x | 3.6 x | 3.3 x | 3.36 x |
| EV / EBITDA | 6.5 x | 6.87 x | 15.9 x | 10.7 x | 11.2 x | 10.5 x |
| EV / FCF | 13.9 x | 2.05 x | 22.5 x | 15.7 x | 26.9 x | 14 x |
| FCF Yield | 7.22% | 48.7% | 4.44% | 6.38% | 3.72% | 7.15% |
| Price to Book | 2.65 x | 2.47 x | 2.76 x | 2.89 x | 2.45 x | 2.43 x |
| Nbr of stocks (in thousands) | 1,265,499 | 1,265,499 | 1,265,494 | 1,265,494 | 1,265,494 | 1,265,494 |
| Reference price 2 | 24.75 | 24.19 | 25.84 | 28.41 | 22.27 | 21.26 |
| Announcement Date | 3/25/19 | 4/17/20 | 4/25/21 | 4/22/22 | 4/21/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 8,144 | 7,459 | 4,427 | 6,906 | 5,923 | 6,162 |
| EBITDA 1 | 2,936 | 2,767 | 1,404 | 2,320 | 1,741 | 1,967 |
| EBIT 1 | 2,874 | 2,699 | 1,324 | 2,233 | 1,643 | 1,873 |
| Operating Margin | 35.28% | 36.19% | 29.9% | 32.34% | 27.74% | 30.4% |
| Earnings before Tax (EBT) 1 | 3,552 | 3,359 | 1,976 | 2,788 | 1,948 | 1,939 |
| Net income 1 | 2,678 | 2,695 | 1,578 | 2,111 | 1,474 | 1,467 |
| Net margin | 32.88% | 36.13% | 35.64% | 30.57% | 24.89% | 23.82% |
| EPS 2 | 2.136 | 2.130 | 1.247 | 1.668 | 1.165 | 1.160 |
| Free Cash Flow 1 | 1,378 | 9,269 | 991.2 | 1,588 | 726.7 | 1,483 |
| FCF margin | 16.92% | 124.26% | 22.39% | 22.99% | 12.27% | 24.07% |
| FCF Conversion (EBITDA) | 46.94% | 334.92% | 70.61% | 68.44% | 41.73% | 75.38% |
| FCF Conversion (Net income) | 51.48% | 343.88% | 62.82% | 75.23% | 49.3% | 101.06% |
| Dividend per Share 2 | 1.786 | 1.667 | 1.200 | 2.000 | 1.800 | 1.600 |
| Announcement Date | 3/25/19 | 4/17/20 | 4/25/21 | 4/22/22 | 4/21/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 12,222 | 11,593 | 10,386 | 11,081 | 8,634 | 6,175 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,378 | 9,269 | 991 | 1,588 | 727 | 1,483 |
| ROE (net income / shareholders' equity) | 28% | 22.1% | 13% | 17.4% | 12.3% | 13% |
| ROA (Net income/ Total Assets) | 13.6% | 11.1% | 5.48% | 9.02% | 6.64% | 7.51% |
| Assets 1 | 19,740 | 24,284 | 28,781 | 23,405 | 22,217 | 19,542 |
| Book Value Per Share 2 | 9.330 | 9.810 | 9.350 | 9.850 | 9.100 | 8.730 |
| Cash Flow per Share 2 | 3.060 | 0.3800 | 0.1200 | 0.4200 | 1.270 | 2.950 |
| Capex 1 | 130 | 199 | 274 | 55.3 | 193 | 264 |
| Capex / Sales | 1.6% | 2.67% | 6.18% | 0.8% | 3.25% | 4.28% |
| Announcement Date | 3/25/19 | 4/17/20 | 4/25/21 | 4/22/22 | 4/21/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +22.01% | 4.53B | |
| +4.71% | 24.52B | |
| -21.14% | 8.1B | |
| -4.45% | 6.82B | |
| +8.16% | 6.26B | |
| -3.85% | 5.36B | |
| -3.18% | 5.16B | |
| +1.64% | 5.02B | |
| +19.79% | 4.98B | |
| -4.99% | 2.92B |
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- Financials Hebei Yangyuan ZhiHui Beverage Co., Ltd.
