Financials Newborn Town Inc.

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:20 2024-04-26 am EDT			5-day change	1st Jan Change
3.11 ^HKD	+10.28%		+15.19%	+60.31%

Apr. 25	Newborn Town Expects Higher Revenue, User growth in Q1	MT
Mar. 22	Newborn Town Posts Sharp Gains in Fiscal Q3 Net Profit	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,488	3,313	1,980	2,064	3,360	-	-
Enterprise Value (EV) ¹	1,488	3,313	1,980	2,064	3,360	3,360	3,360
P/E ratio	37.2 x	-10.5 x	15.2 x	3.92 x	7.66 x	6.55 x	5.71 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	1.26 x	1.4 x	0.71 x	0.62 x	0.79 x	0.7 x	0.61 x
EV / Revenue	1.26 x	1.4 x	0.71 x	0.62 x	0.79 x	0.7 x	0.61 x
EV / EBITDA	-	9.28 x	5.28 x	3.06 x	4.27 x	3.57 x	2.85 x
EV / FCF	5.07 x	-	6.56 x	-	5.24 x	4.56 x	4.47 x
FCF Yield	19.7%	-	15.2%	-	19.1%	21.9%	22.4%
Price to Book	2.77 x	6.95 x	2.7 x	-	2.22 x	1.66 x	1.24 x
Nbr of stocks (in thousands)	998,850	1,098,850	1,186,062	1,170,268	1,166,998	-	-
Reference price ²	1.490	3.015	1.669	1.763	2.879	2.879	2.879
Announcement Date	3/24/21	3/31/22	3/23/23	3/21/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,182	2,360	2,800	3,308	4,229	4,795	5,506
EBITDA ¹	-	357.1	374.7	674.6	787.1	941.2	1,180
EBIT ¹	132.1	-390.1	269.3	551.1	671.7	781.7	904
Operating Margin	11.18%	-16.53%	9.62%	16.66%	15.88%	16.3%	16.42%
Earnings before Tax (EBT) ¹	130.2	-393.9	287.4	772.8	696.4	813	928.2
Net income ¹	39.69	-286.3	130.1	512.8	443.6	508.9	624.1
Net margin	3.36%	-12.13%	4.65%	15.5%	10.49%	10.61%	11.34%
EPS ²	0.0400	-0.2870	0.1100	0.4500	0.3757	0.4393	0.5043
Free Cash Flow ¹	293.6	-	301.7	-	641.5	736.7	751.9
FCF margin	24.85%	-	10.78%	-	15.17%	15.36%	13.66%
FCF Conversion (EBITDA)	-	-	80.53%	-	81.51%	78.27%	63.75%
FCF Conversion (Net income)	739.78%	-	231.87%	-	144.62%	144.76%	120.48%
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	3/24/21	3/31/22	3/23/23	3/21/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	294	-	302	-	642	737	752
ROE (net income / shareholders' equity)	6.78%	61%	29.7%	-	28.3%	23.4%	22.9%
ROA (Net income/ Total Assets)	3.88%	21.4%	10.5%	-	16.6%	15.5%	14.6%
Assets ¹	1,023	-1,339	1,236	-	2,665	3,281	4,278
Book Value Per Share ²	0.5400	0.4300	0.6200	-	1.300	1.730	2.320
Cash Flow per Share ²	-	0.3900	0.2700	-	0.5400	0.7200	-
Capex ¹	2.07	4	10.9	-	40.6	49.8	38.5
Capex / Sales	0.17%	0.17%	0.39%	-	0.96%	1.04%	0.7%
Announcement Date	3/24/21	3/31/22	3/23/23	3/21/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.879 CNY

Average target price

3.538 CNY

Spread / Average Target

+22.89%

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