KUAISHOU TECHNOLOGY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 56.5 HKD | +7.01% |
|
+27.40% | +6.70% |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 248,142 | 270,113 | 208,961 | 226,742 | - | - |
| Enterprise Value (EV) 1 | 215,529 | 256,839 | 208,961 | 198,172 | 173,791 | 143,853 |
| P/E ratio | -2.88 x | -19.5 x | 33.4 x | 17.9 x | 12.8 x | 9.36 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 3.06 x | 2.87 x | 1.84 x | 1.78 x | 1.58 x | 1.43 x |
| EV / Revenue | 2.66 x | 2.73 x | 1.84 x | 1.55 x | 1.21 x | 0.91 x |
| EV / EBITDA | -16.6 x | 142 x | 12 x | 8.38 x | 5.37 x | 3.47 x |
| EV / FCF | -16.2 x | -106 x | - | 13.1 x | 6.81 x | 4.33 x |
| FCF Yield | -6.18% | -0.94% | - | 7.61% | 14.7% | 23.1% |
| Price to Book | 4.99 x | 6.7 x | - | 3.55 x | 2.66 x | 2.04 x |
| Nbr of stocks (in thousands) | 4,226,773 | 4,304,592 | 4,341,886 | 4,335,380 | - | - |
| Reference price 2 | 58.71 | 62.75 | 48.13 | 52.30 | 52.30 | 52.30 |
| Announcement Date | 3/29/22 | 3/29/23 | 3/20/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 39,120 | 58,776 | 81,082 | 94,183 | 113,470 | 127,633 | 143,842 | 158,804 |
| EBITDA 1 | - | -3,616 | -12,953 | 1,815 | 17,424 | 23,635 | 32,367 | 41,411 |
| EBIT 1 | - | -10,320 | -27,701 | -12,558 | 6,431 | 13,920 | 20,849 | 27,943 |
| Operating Margin | - | -17.56% | -34.16% | -13.33% | 5.67% | 10.91% | 14.49% | 17.6% |
| Earnings before Tax (EBT) 1 | - | -117,201 | -79,102 | -12,531 | 6,889 | 14,120 | 20,925 | 27,759 |
| Net income 1 | - | -116,635 | -78,074 | -13,691 | 6,396 | 12,728 | 18,240 | 24,143 |
| Net margin | - | -198.44% | -96.29% | -14.54% | 5.64% | 9.97% | 12.68% | 15.2% |
| EPS 2 | -21.04 | -125.2 | -20.37 | -3.220 | 1.440 | 2.915 | 4.073 | 5.589 |
| Free Cash Flow 1 | - | -3,611 | -13,319 | -2,422 | - | 15,085 | 25,533 | 33,233 |
| FCF margin | - | -6.14% | -16.43% | -2.57% | - | 11.82% | 17.75% | 20.93% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 63.82% | 78.89% | 80.25% |
| FCF Conversion (Net income) | - | - | - | - | - | 118.52% | 139.98% | 137.65% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 1/26/21 | 3/23/21 | 3/29/22 | 3/29/23 | 3/20/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 20,493 | 24,430 | 21,100 | 21,695 | 23,128 | 28,292 | 25,217 | 27,744 | 27,948 | 32,561 | 29,060 | 30,789 | 31,112 | 36,492 |
| EBITDA 1 | - | -1,290 | -1,552 | 407.2 | 1,023 | 1,936 | 1,996 | 4,316 | 4,980 | 6,132 | 4,799 | 5,567 | 5,881 | 7,525 |
| EBIT 1 | -7,404 | -5,790 | -5,643 | -3,059 | -2,612 | -1,243 | -698 | 1,296 | 2,211 | 3,622 | 2,239 | 3,043 | 3,234 | 4,627 |
| Operating Margin | -36.13% | -23.7% | -26.75% | -14.1% | -11.29% | -4.39% | -2.77% | 4.67% | 7.91% | 11.12% | 7.7% | 9.88% | 10.39% | 12.68% |
| Earnings before Tax (EBT) 1 | -7,417 | -5,872 | -5,691 | -3,102 | -2,575 | -1,163 | -601 | 1,436 | 2,320 | 3,734 | 2,176 | 2,882 | 3,002 | 4,162 |
| Net income 1 | -7,086 | -6,202 | -6,254 | -3,176 | -2,713 | -1,547 | -873 | 1,480 | 2,181 | 3,608 | 2,159 | 2,640 | 2,837 | 3,774 |
| Net margin | -34.58% | -25.39% | -29.64% | -14.64% | -11.73% | -5.47% | -3.46% | 5.33% | 7.8% | 11.08% | 7.43% | 8.57% | 9.12% | 10.34% |
| EPS 2 | - | -0.9800 | -1.480 | -0.7500 | -0.6400 | -0.3600 | -0.2000 | 0.3400 | 0.4900 | 0.8100 | 0.4308 | 0.5565 | 0.6519 | 0.9313 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/23/21 | 3/29/22 | 5/24/22 | 8/23/22 | 11/22/22 | 3/29/23 | 5/22/23 | 8/22/23 | 11/21/23 | 3/20/24 | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 170,689 | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 32,612 | 13,274 | - | 28,570 | 52,951 | 82,889 |
| Leverage (Debt/EBITDA) | - | -47.2 x | - | - | - | - | - | - |
| Free Cash Flow 1 | - | -3,611 | -13,319 | -2,422 | - | 15,085 | 25,533 | 33,233 |
| ROE (net income / shareholders' equity) | - | - | - | -32.2% | - | 24.6% | 27% | 24.7% |
| ROA (Net income/ Total Assets) | - | -276% | -108% | -15.1% | - | 11.2% | 13.5% | 14.4% |
| Assets 1 | - | 42,281 | 72,332 | 90,912 | - | 113,952 | 134,819 | 167,142 |
| Book Value Per Share 2 | - | -172.0 | 11.80 | 9.360 | - | 14.70 | 19.70 | 25.70 |
| Cash Flow per Share 2 | - | 2.460 | -1.440 | 0.5200 | - | 5.070 | 6.540 | 7.740 |
| Capex 1 | - | 5,900 | 7,800 | 4,620 | - | 6,745 | 7,766 | 8,324 |
| Capex / Sales | - | 10.04% | 9.62% | 4.9% | - | 5.29% | 5.4% | 5.24% |
| Announcement Date | 1/26/21 | 3/23/21 | 3/29/22 | 3/29/23 | 3/20/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
34
Last Close Price
52.3
CNY
Average target price
71.31
CNY
Spread / Average Target
+36.34%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.70% | 31.29B | |
| +42.95% | 20.08B | |
| -12.63% | 8.55B | |
| -19.63% | 2.14B | |
| -28.83% | 1.32B | |
| +6.88% | 795M | |
| -18.60% | 504M | |
| -24.62% | 356M | |
| -1.51% | 346M | |
| -.--% | 204M |
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