Financials QiaoYin City Management Co., Ltd.

Equities

002973

CNE100003S22

Environmental Services & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
9.44 CNY -2.68% Intraday chart for QiaoYin City Management Co., Ltd. -0.94% -13.95%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024
Capitalization 1 8,173 6,175 4,356 4,483 3,858
Enterprise Value (EV) 1 8,173 6,175 4,356 4,483 3,858
P/E ratio 21.7 x 24.4 x 13.8 x 14.1 x 8.58 x
Yield 0.5% 0.66% 0.94% 0.91% 1.48%
Capitalization / Revenue 2.89 x 1.85 x 1.1 x 1.14 x 0.77 x
EV / Revenue 2.89 x 1.85 x 1.1 x 1.14 x 0.77 x
EV / EBITDA 12.1 x 11.7 x 7.35 x 6.96 x 4.27 x
EV / FCF - - - - -
FCF Yield - - - - -
Price to Book 5.76 x 3.77 x 2.31 x 2.07 x 1.46 x
Nbr of stocks (in thousands) 408,660 408,663 408,665 408,665 408,665
Reference price 2 20.00 15.11 10.66 10.97 9.440
Announcement Date 3/30/21 4/26/22 4/27/23 4/26/24 -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024
Net sales 1 2,829 3,332 3,955 3,943 4,983
EBITDA 1 675.5 526.7 593 644.2 904
EBIT 1 443.4 300.9 366.3 373.3 601
Operating Margin 15.67% 9.03% 9.26% 9.47% 12.06%
Earnings before Tax (EBT) 1 452 300.6 349.9 354.7 584
Net income 1 375.7 255.2 314.6 316.8 448
Net margin 13.28% 7.66% 7.95% 8.03% 8.99%
EPS 2 0.9200 0.6200 0.7700 0.7800 1.100
Free Cash Flow - - - - -
FCF margin - - - - -
FCF Conversion (EBITDA) - - - - -
FCF Conversion (Net income) - - - - -
Dividend per Share 2 0.1000 0.1000 0.1000 0.1000 0.1400
Announcement Date 3/30/21 4/26/22 4/27/23 4/26/24 -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024
Net Debt - - - - -
Net Cash position - - - - -
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow - - - - -
ROE (net income / shareholders' equity) 30.4% 16.3% 17.7% 15.6% 18.3%
ROA (Net income/ Total Assets) 9.7% 5% 5.01% - 5.8%
Assets 1 3,875 5,098 6,282 - 7,724
Book Value Per Share 2 3.470 4.010 4.620 5.290 6.480
Cash Flow per Share 2 0.7500 0.2900 0.4500 0.1900 1.730
Capex 1 673 672 453 507 311
Capex / Sales 23.8% 20.17% 11.44% 12.87% 6.24%
Announcement Date 3/30/21 4/26/22 4/27/23 4/26/24 -
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
BUY
Number of Analysts
1
Last Close Price
9.44 CNY
Average target price
13 CNY
Spread / Average Target
+37.71%
Consensus

Annual profits - Rate of surprise

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