Financials Ping An Healthcare and Technology Company Limited

Equities

1833

KYG711391022

Healthcare Facilities & Services

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
11.04 HKD +5.34% Intraday chart for Ping An Healthcare and Technology Company Limited +12.88% -37.84%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 54,224 90,769 26,143 21,047 18,060 11,434 - -
Enterprise Value (EV) 1 48,779 80,952 23,078 17,346 18,060 9,039 8,800 8,351
P/E ratio -69.6 x -86 x -16.6 x -33.6 x -53.8 x -48.6 x 1,841 x 267 x
Yield - - - - - - - -
Capitalization / Revenue 10.7 x 13.2 x 3.56 x 3.42 x 3.86 x 2.06 x 1.78 x 1.71 x
EV / Revenue 9.63 x 11.8 x 3.15 x 2.82 x 3.86 x 1.63 x 1.37 x 1.25 x
EV / EBITDA -59.9 x -108 x -16.1 x -31.9 x -40.2 x -26.9 x -90.5 x 146 x
EV / FCF -76.5 x -68.9 x -15.5 x -20.5 x - -34.5 x 314 x 39.3 x
FCF Yield -1.31% -1.45% -6.47% -4.87% - -2.89% 0.32% 2.54%
Price to Book 5.62 x 5.73 x 1.88 x 1.56 x - 0.88 x 0.88 x 0.85 x
Nbr of stocks (in thousands) 1,067,294 1,147,294 1,131,742 1,118,813 1,118,813 1,118,813 - -
Reference price 2 50.81 79.12 23.10 18.81 16.14 10.22 10.22 10.22
Announcement Date 2/11/20 2/2/21 3/15/22 3/13/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,065 6,866 7,334 6,160 4,674 5,539 6,423 6,696
EBITDA 1 -813.7 -749.4 -1,437 -544 -449.4 -335.5 -97.22 57.03
EBIT 1 -959.4 -919.1 -1,643 -697.8 -575.3 -393.8 -180.7 50.09
Operating Margin -18.94% -13.39% -22.41% -11.33% -12.31% -7.11% -2.81% 0.75%
Earnings before Tax (EBT) 1 -734.1 -941.3 -1,524 -607.7 -331.9 -254.2 -11.16 164.8
Net income 1 -733.9 -948.5 -1,538 -607.6 -322.6 -228.9 11.02 80.87
Net margin -14.49% -13.81% -20.97% -9.86% -6.9% -4.13% 0.17% 1.21%
EPS 2 -0.7300 -0.9200 -1.390 -0.5600 -0.3000 -0.2101 0.005550 0.0383
Free Cash Flow 1 -637.2 -1,175 -1,492 -845.1 - -261.7 28 212.3
FCF margin -12.58% -17.12% -20.35% -13.72% - -4.72% 0.44% 3.17%
FCF Conversion (EBITDA) - - - - - - - 372.29%
FCF Conversion (Net income) - - - - - - 254.19% 262.56%
Dividend per Share 2 - - - - - - - -
Announcement Date 2/11/20 2/2/21 3/15/22 3/13/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 2,747 4,119 3,818 3,516 2,828 3,332 2,222 2,451 2,111 2,249
EBITDA - - - - - - - - - -
EBIT - - -988.4 -706.2 -461.8 -236.1 -357.1 -218.2 - -
Operating Margin - - -25.89% -20.09% -16.33% -7.09% -16.07% -8.9% - -
Earnings before Tax (EBT) - - - -652.9 - - -244.3 -87.63 - -
Net income - - - - - - -244.6 -77.98 - -
Net margin - - - - - - -11.01% -3.18% - -
EPS - - -0.8000 -0.5900 -0.3900 -0.1700 -0.2300 -0.0700 - -
Dividend per Share - - - - - - - - - -
Announcement Date 8/24/21 2/2/21 8/24/21 3/15/22 8/18/22 3/13/23 8/24/23 3/19/24 - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 5,445 9,816 3,065 3,701 - 2,394 2,634 3,083
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -637 -1,175 -1,492 -845 - -262 28 212
ROE (net income / shareholders' equity) -7.39% -7.44% -10.3% -4.41% - -1.8% 0.02% 0.63%
ROA (Net income/ Total Assets) -5.93% -6.13% -8.44% -3.47% - -1.73% -0.19% 0.15%
Assets 1 12,376 15,471 18,222 17,511 - 13,198 -5,849 53,915
Book Value Per Share 2 9.040 13.80 12.30 12.00 - 11.60 11.60 12.00
Cash Flow per Share 2 -0.5000 -1.070 -1.270 -0.7500 - 0.0900 0.2500 0.4800
Capex 1 133 73.2 89.2 34.4 - 55.4 59.8 66.3
Capex / Sales 2.63% 1.07% 1.22% 0.56% - 1% 0.93% 0.99%
Announcement Date 2/11/20 2/2/21 3/15/22 3/13/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
10.22 CNY
Average target price
16.35 CNY
Spread / Average Target
+60.01%
Consensus
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