MODERN AVENUE GROUP CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.18 CNY | -4.07% |
|
-14.49% | -35.16% |
| Apr. 28 | Modern Avenue Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Jan. 19 | Modern Avenue Group Co., Ltd. Announces Executive Appointments | CI |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 10,552 | 4,418 | 2,800 | 1,040 | 1,974 | 1,853 |
| Enterprise Value (EV) 1 | 10,361 | 4,594 | 2,837 | 451 | 1,714 | 1,670 |
| P/E ratio | 79 x | 159 x | -1.91 x | 142 x | -95.2 x | -47.2 x |
| Yield | 0.06% | 0.06% | - | - | - | - |
| Capitalization / Revenue | 11.5 x | 2.83 x | 2.04 x | 2.03 x | 5.12 x | 8.06 x |
| EV / Revenue | 11.2 x | 2.94 x | 2.07 x | 0.88 x | 4.45 x | 7.27 x |
| EV / EBITDA | 135 x | 44.9 x | -5.51 x | -5.93 x | -47.5 x | -19.9 x |
| EV / FCF | -407 x | -14.9 x | -10.5 x | 0.98 x | -38.3 x | 227 x |
| FCF Yield | -0.25% | -6.69% | -9.54% | 102% | -2.61% | 0.44% |
| Price to Book | 4.62 x | 1.86 x | 3.68 x | 1.37 x | 2.63 x | 3.66 x |
| Nbr of stocks (in thousands) | 689,095 | 712,520 | 712,520 | 712,520 | 712,520 | 712,520 |
| Reference price 2 | 15.31 | 6.200 | 3.930 | 1.460 | 2.770 | 2.600 |
| Announcement Date | 4/26/18 | 4/26/19 | 5/29/20 | 4/15/21 | 4/26/22 | 6/29/23 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 921.3 | 1,562 | 1,372 | 511.9 | 385.2 | 229.9 |
| EBITDA 1 | 77.02 | 102.3 | -515 | -76.05 | -36.05 | -84.13 |
| EBIT 1 | 42.79 | 55.1 | -570.7 | -86.25 | -43.51 | -89.47 |
| Operating Margin | 4.64% | 3.53% | -41.6% | -16.85% | -11.3% | -38.92% |
| Earnings before Tax (EBT) 1 | 128.3 | 14.95 | -1,573 | 15.23 | 41.89 | -13.2 |
| Net income 1 | 134.7 | 27.85 | -1,468 | 7.318 | -20.71 | -41.4 |
| Net margin | 14.62% | 1.78% | -107.04% | 1.43% | -5.38% | -18.01% |
| EPS 2 | 0.1938 | 0.0391 | -2.061 | 0.0103 | -0.0291 | -0.0551 |
| Free Cash Flow 1 | -25.49 | -307.4 | -270.6 | 461.4 | -44.72 | 7.359 |
| FCF margin | -2.77% | -19.68% | -19.73% | 90.12% | -11.61% | 3.2% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | 6,304.85% | - | - |
| Dividend per Share 2 | 0.009400 | 0.004000 | - | - | - | - |
| Announcement Date | 4/26/18 | 4/26/19 | 5/29/20 | 4/15/21 | 4/26/22 | 6/29/23 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 176 | 36.3 | - | - | - |
| Net Cash position 1 | 191 | - | - | 589 | 260 | 182 |
| Leverage (Debt/EBITDA) | - | 1.724 x | -0.0705 x | - | - | - |
| Free Cash Flow 1 | -25.5 | -307 | -271 | 461 | -44.7 | 7.36 |
| ROE (net income / shareholders' equity) | 5.33% | 0.32% | -94.4% | 0.97% | -2.74% | -7.67% |
| ROA (Net income/ Total Assets) | 0.85% | 1.02% | -13.6% | -3.51% | -2.35% | -6.49% |
| Assets 1 | 15,884 | 2,718 | 10,778 | -208.5 | 879.4 | 638.1 |
| Book Value Per Share 2 | 3.320 | 3.340 | 1.070 | 1.070 | 1.050 | 0.7100 |
| Cash Flow per Share 2 | 0.8900 | 0.4300 | 0.3400 | 0.8300 | 0.4500 | 0.1500 |
| Capex 1 | 122 | 177 | 34.7 | 63 | 6.31 | 19.3 |
| Capex / Sales | 13.29% | 11.34% | 2.53% | 12.3% | 1.64% | 8.41% |
| Announcement Date | 4/26/18 | 4/26/19 | 5/29/20 | 4/15/21 | 4/26/22 | 6/29/23 |
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. | |
|---|---|---|
| -35.16% | 116M | |
| -15.04% | 723M | |
| +23.21% | 406M | |
| -29.79% | 268M | |
| +117.11% | 211M | |
| 0.00% | 130M | |
| +4.88% | 124M | |
| +27.07% | 104M | |
| +8.51% | 72.58M | |
| 0.00% | 70.54M |
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