KUNMING DIANCHI WATER TREATMENT CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.65 HKD | +4.84% |
|
+4.84% | +4.84% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,033 | 2,069 | 1,819 | 1,535 | 1,263 | 579.9 |
| Enterprise Value (EV) 1 | 3,563 | 5,151 | 6,037 | 6,436 | 7,001 | 5,678 |
| P/E ratio | 5.83 x | 5.62 x | 5.22 x | 4.54 x | 3.92 x | 1.83 x |
| Yield | 8.68% | 6.22% | 9.84% | 10.1% | - | - |
| Capitalization / Revenue | 1.42 x | 1.13 x | 0.95 x | 0.66 x | 0.61 x | 0.32 x |
| EV / Revenue | 2.49 x | 2.81 x | 3.15 x | 2.78 x | 3.39 x | 3.14 x |
| EV / EBITDA | 5.26 x | 6.85 x | 8.28 x | 6.8 x | 7.09 x | 6.54 x |
| EV / FCF | -8.18 x | -4.94 x | 25 x | -29.7 x | -9.45 x | 11.3 x |
| FCF Yield | -12.2% | -20.2% | 4.01% | -3.37% | -10.6% | 8.87% |
| Price to Book | 0.52 x | 0.51 x | 0.43 x | 0.35 x | 0.27 x | 0.12 x |
| Nbr of stocks (in thousands) | 1,029,111 | 1,029,111 | 1,029,111 | 1,029,111 | 1,029,111 | 1,029,111 |
| Reference price 2 | 1.976 | 2.011 | 1.767 | 1.491 | 1.228 | 0.5635 |
| Announcement Date | 4/26/19 | 4/17/20 | 4/13/21 | 4/8/22 | 4/24/23 | 4/18/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,430 | 1,834 | 1,919 | 2,318 | 2,066 | 1,807 |
| EBITDA 1 | 677.4 | 752.4 | 729.6 | 946.7 | 987.9 | 867.6 |
| EBIT 1 | 476.6 | 531 | 493.9 | 693.7 | 772.8 | 606.8 |
| Operating Margin | 33.33% | 28.96% | 25.73% | 29.93% | 37.41% | 33.57% |
| Earnings before Tax (EBT) 1 | 415.2 | 438.2 | 415.5 | 396.7 | 367.5 | 381.7 |
| Net income 1 | 348.5 | 368.4 | 348.5 | 338.3 | 322.2 | 316.5 |
| Net margin | 24.38% | 20.09% | 18.16% | 14.6% | 15.6% | 17.51% |
| EPS 2 | 0.3387 | 0.3580 | 0.3387 | 0.3287 | 0.3131 | 0.3076 |
| Free Cash Flow 1 | -435.6 | -1,042 | 241.9 | -216.6 | -740.9 | 503.8 |
| FCF margin | -30.47% | -56.82% | 12.6% | -9.34% | -35.86% | 27.87% |
| FCF Conversion (EBITDA) | - | - | 33.15% | - | - | 58.07% |
| FCF Conversion (Net income) | - | - | 69.39% | - | - | 159.18% |
| Dividend per Share 2 | 0.1714 | 0.1250 | 0.1740 | 0.1500 | - | - |
| Announcement Date | 4/26/19 | 4/17/20 | 4/13/21 | 4/8/22 | 4/24/23 | 4/18/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,529 | 3,081 | 4,218 | 4,902 | 5,738 | 5,098 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.258 x | 4.096 x | 5.782 x | 5.177 x | 5.808 x | 5.876 x |
| Free Cash Flow 1 | -436 | -1,042 | 242 | -217 | -741 | 504 |
| ROE (net income / shareholders' equity) | 9.19% | 9.26% | 8.38% | 7.8% | 7.13% | 6.6% |
| ROA (Net income/ Total Assets) | 4.42% | 3.9% | 3.08% | 3.84% | 4.06% | 3.19% |
| Assets 1 | 7,879 | 9,446 | 11,333 | 8,803 | 7,930 | 9,918 |
| Book Value Per Share 2 | 3.780 | 3.970 | 4.140 | 4.300 | 4.520 | 4.830 |
| Cash Flow per Share 2 | 1.050 | 1.250 | 0.7300 | 1.460 | 0.1300 | 0.1700 |
| Capex 1 | 328 | 220 | 187 | 57.7 | 366 | 84.8 |
| Capex / Sales | 22.95% | 11.98% | 9.73% | 2.49% | 17.74% | 4.69% |
| Announcement Date | 4/26/19 | 4/17/20 | 4/13/21 | 4/8/22 | 4/24/23 | 4/18/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +4.84% | 81.51M | |
| -10.41% | 3.36B | |
| +11.49% | 1.73B | |
| +8.29% | 1.15B | |
| +10.95% | 942M | |
| -8.57% | 599M | |
| -6.24% | 562M | |
| -14.10% | 547M | |
| +11.70% | 523M | |
| -18.32% | 523M |
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- Financials Kunming Dianchi Water Treatment Co., Ltd.
