KEXIN DEVELOPMENT CO.,LTD,SHANXI |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.29 CNY | -5.09% |
|
-7.54% | -50.46% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,597 | 1,824 | 1,899 | 2,683 | 1,830 | 2,273 |
| Enterprise Value (EV) 1 | 1,873 | 2,053 | 2,101 | 2,590 | 1,717 | 2,207 |
| P/E ratio | -98.6 x | 113 x | 33.5 x | 184 x | -93.8 x | -13.3 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 55.6 x | 8 x | 1.7 x | 4.54 x | 15.3 x | 32.4 x |
| EV / Revenue | 65.2 x | 9.01 x | 1.89 x | 4.38 x | 14.4 x | 31.5 x |
| EV / EBITDA | -528 x | 57.2 x | 21.4 x | 88.3 x | -6,753 x | -69.2 x |
| EV / FCF | -43.8 x | 47 x | 107 x | -15.3 x | 70.4 x | 22.6 x |
| FCF Yield | -2.28% | 2.13% | 0.94% | -6.53% | 1.42% | 4.42% |
| Price to Book | 29.5 x | 24.8 x | 14.6 x | 4.36 x | 3.05 x | 5.3 x |
| Nbr of stocks (in thousands) | 202,446 | 202,446 | 202,446 | 262,521 | 262,521 | 262,521 |
| Reference price 2 | 7.890 | 9.010 | 9.380 | 10.22 | 6.970 | 8.660 |
| Announcement Date | 4/26/19 | 3/30/20 | 3/25/21 | 4/28/22 | 4/27/23 | 4/28/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 28.72 | 227.9 | 1,114 | 591.1 | 119.5 | 70.1 |
| EBITDA 1 | -3.547 | 35.91 | 98.04 | 29.32 | -0.2542 | -31.9 |
| EBIT 1 | -4.066 | 35.28 | 97.3 | 28.47 | -0.9445 | -32.54 |
| Operating Margin | -14.16% | 15.48% | 8.73% | 4.82% | -0.79% | -46.42% |
| Earnings before Tax (EBT) 1 | -26.2 | 27.59 | 73 | 18.08 | -17.31 | -174.1 |
| Net income 1 | -16.96 | 16.89 | 56.3 | 12.62 | -19.5 | -170.6 |
| Net margin | -59.05% | 7.41% | 5.05% | 2.13% | -16.32% | -243.43% |
| EPS 2 | -0.0800 | 0.0800 | 0.2800 | 0.0555 | -0.0743 | -0.6500 |
| Free Cash Flow 1 | -42.79 | 43.67 | 19.69 | -169.2 | 24.38 | 97.42 |
| FCF margin | -149% | 19.16% | 1.77% | -28.63% | 20.41% | 138.97% |
| FCF Conversion (EBITDA) | - | 121.61% | 20.09% | - | - | - |
| FCF Conversion (Net income) | - | 258.56% | 34.97% | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/26/19 | 3/30/20 | 3/25/21 | 4/28/22 | 4/27/23 | 4/28/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 276 | 229 | 202 | - | - | - |
| Net Cash position 1 | - | - | - | 93 | 113 | 66.8 |
| Leverage (Debt/EBITDA) | -77.73 x | 6.388 x | 2.06 x | - | - | - |
| Free Cash Flow 1 | -42.8 | 43.7 | 19.7 | -169 | 24.4 | 97.4 |
| ROE (net income / shareholders' equity) | -32.9% | 22.7% | 46.8% | 3.17% | -3.12% | -32.1% |
| ROA (Net income/ Total Assets) | -0.52% | 3.97% | 7.34% | 1.7% | -0.06% | -2.69% |
| Assets 1 | 3,277 | 425.2 | 767.2 | 743.6 | 31,347 | 6,350 |
| Book Value Per Share 2 | 0.2700 | 0.3600 | 0.6400 | 2.340 | 2.280 | 1.630 |
| Cash Flow per Share 2 | 0.1000 | 0.3300 | 0.5900 | 0.3800 | 0.4400 | 0.2700 |
| Capex 1 | 1.08 | 0.7 | 0.92 | 3.1 | 0.65 | 1.87 |
| Capex / Sales | 3.77% | 0.31% | 0.08% | 0.52% | 0.54% | 2.67% |
| Announcement Date | 4/26/19 | 3/30/20 | 3/25/21 | 4/28/22 | 4/27/23 | 4/28/24 |
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. | |
|---|---|---|
| -50.46% | 156M | |
| +33.30% | 6.96B | |
| +35.87% | 4.63B | |
| -13.15% | 946M | |
| +92.20% | 610M | |
| +16.13% | 477M | |
| +34.01% | 464M | |
| -16.09% | 426M | |
| +28.92% | 390M | |
| -12.42% | 365M |
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- Financials Kexin Development Co.,Ltd,Shanxi
