Financials Minsheng Holdings Co.,Ltd

Equities

000416

CNE0000009P1

Consumer Lending

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-23 pm EDT 5-day change 1st Jan Change
0.45 CNY +4.65% Intraday chart for Minsheng Holdings Co.,Ltd 0.00% -76.56%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 3,787 2,175 2,952 3,064 2,096 2,042
Enterprise Value (EV) 1 3,484 1,873 2,829 2,735 1,786 1,792
P/E ratio 139 x 109 x 104 x 87.5 x 154 x -71.5 x
Yield 0.7% 0.73% 0.54% 0.52% 0.76% -
Capitalization / Revenue 53 x 27 x 35.8 x 40.4 x 37.2 x 104 x
EV / Revenue 48.8 x 23.2 x 34.3 x 36 x 31.7 x 91.2 x
EV / EBITDA 126 x 49.6 x 76.2 x 78.4 x 80.5 x -61.6 x
EV / FCF -296 x -33.9 x 20.6 x 28.4 x 157 x -821 x
FCF Yield -0.34% -2.95% 4.85% 3.52% 0.64% -0.12%
Price to Book 4.32 x 2.49 x 3.34 x 3.4 x 2.34 x 2.39 x
Nbr of stocks (in thousands) 531,871 531,871 531,871 531,871 531,871 531,871
Reference price 2 7.120 4.090 5.550 5.760 3.940 3.840
Announcement Date 3/20/18 3/28/19 3/20/20 3/30/21 4/22/22 4/25/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 71.42 80.61 82.57 75.91 56.35 19.65
EBITDA 1 27.72 37.73 37.11 34.86 22.19 -29.08
EBIT 1 24.47 34.53 33.92 31.74 19.09 -32.26
Operating Margin 34.26% 42.83% 41.08% 41.81% 33.88% -164.2%
Earnings before Tax (EBT) 1 41.28 34.96 48.81 49.62 22.57 -37.43
Net income 1 27.21 19.98 28.4 35.02 13.61 -28.58
Net margin 38.1% 24.79% 34.39% 46.14% 24.15% -145.44%
EPS 2 0.0512 0.0376 0.0534 0.0658 0.0256 -0.0537
Free Cash Flow 1 -11.77 -55.17 137.1 96.34 11.4 -2.183
FCF margin -16.47% -68.44% 166.06% 126.92% 20.23% -11.11%
FCF Conversion (EBITDA) - - 369.48% 276.33% 51.38% -
FCF Conversion (Net income) - - 482.86% 275.07% 83.78% -
Dividend per Share 2 0.0500 0.0300 0.0300 0.0300 0.0300 -
Announcement Date 3/20/18 3/28/19 3/20/20 3/30/21 4/22/22 4/25/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 303 302 123 329 309 250
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -11.8 -55.2 137 96.3 11.4 -2.18
ROE (net income / shareholders' equity) 3.3% 2.52% 3.43% 4.1% 1.69% -3.25%
ROA (Net income/ Total Assets) 1.64% 2.32% 2.29% 2.08% 1.24% -2.17%
Assets 1 1,658 862.4 1,242 1,685 1,100 1,320
Book Value Per Share 2 1.650 1.640 1.660 1.690 1.690 1.610
Cash Flow per Share 2 0.1500 0.1000 0.1100 0.0900 0.1200 0.1000
Capex 1 0.2 - 0.01 0.04 0.13 0.32
Capex / Sales 0.28% - 0.01% 0.06% 0.23% 1.65%
Announcement Date 3/20/18 3/28/19 3/20/20 3/30/21 4/22/22 4/25/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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