Financials Mulsanne Group Holding Limited

Equities

1817

KYG6329A1013

Apparel & Accessories Retailers

Market Closed - Hong Kong S.E. 04:08:28 2024-04-12 am EDT 5-day change 1st Jan Change
0.92 HKD -19.30% Intraday chart for Mulsanne Group Holding Limited -25.81% +31.43%

Valuation

Fiscal Period: December 2019 2020 2021 2022
Capitalization 1 6,588 3,950 3,986 3,356
Enterprise Value (EV) 1 7,141 4,433 4,612 5,075
P/E ratio 28.8 x -12.6 x -42.7 x 260 x
Yield - - - -
Capitalization / Revenue 1.77 x 1.38 x 1.48 x 1.44 x
EV / Revenue 1.92 x 1.55 x 1.71 x 2.18 x
EV / EBITDA 14.7 x 59.4 x 61.8 x 59.6 x
EV / FCF -72.8 x 11.3 x 35.1 x -10.7 x
FCF Yield -1.37% 8.85% 2.85% -9.37%
Price to Book 6.35 x 4.85 x 5.44 x 4.9 x
Nbr of stocks (in thousands) 950,000 950,000 950,000 950,000
Reference price 2 6.935 4.158 4.196 3.533
Announcement Date 5/14/20 4/29/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 3,510 3,787 3,721 2,861 2,695 2,326
EBITDA 1 677.3 655.4 485 74.68 74.64 85.11
EBIT 1 585.5 541.9 359.3 2.243 19.62 21.52
Operating Margin 16.68% 14.31% 9.65% 0.08% 0.73% 0.92%
Earnings before Tax (EBT) 1 587.4 507.7 322.9 -291.3 -104.4 21.63
Net income 1 381.4 380.1 209.5 -301.3 -89.68 12.43
Net margin 10.87% 10.04% 5.63% -10.53% -3.33% 0.53%
EPS - 64.97 0.2410 -0.3302 -0.0983 0.0136
Free Cash Flow 1 284.3 7.596 -98.02 392.2 131.5 -475.5
FCF margin 8.1% 0.2% -2.63% 13.71% 4.88% -20.44%
FCF Conversion (EBITDA) 41.98% 1.16% - 525.14% 176.19% -
FCF Conversion (Net income) 74.55% 2% - - - -
Dividend per Share - - - - - -
Announcement Date 5/15/19 5/15/19 5/14/20 4/29/21 4/29/22 4/28/23
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 921 858 553 483 626 1,719
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.361 x 1.31 x 1.139 x 6.467 x 8.385 x 20.19 x
Free Cash Flow 1 284 7.6 -98 392 132 -476
ROE (net income / shareholders' equity) 109% -567% 36.7% -32.3% -11.7% 1.31%
ROA (Net income/ Total Assets) 13.5% 11% 6.35% 0.04% 0.39% 0.41%
Assets 1 2,819 3,445 3,302 -766,789 -22,844 3,024
Book Value Per Share - 17.00 1.090 0.8600 0.7700 0.7200
Cash Flow per Share - 112.0 0.8600 0.8100 0.7100 0.2700
Capex 1 128 129 132 132 150 114
Capex / Sales 3.65% 3.41% 3.54% 4.62% 5.55% 4.9%
Announcement Date 5/15/19 5/15/19 5/14/20 4/29/21 4/29/22 4/28/23
1CNY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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