Stock 603755 QINGDAO RICHEN FOOD CO.,LTD.
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Financials Qingdao Richen Food Co.,Ltd.

Equities

603755

CNE100003PD1

Food Processing

End-of-day quote Shanghai S.E.
Other stock markets
 06:00:00 2024-04-29 pm EDT 		5-day change 1st Jan Change
22.48 CNY -0.44% Intraday chart for Qingdao Richen Food Co.,Ltd. +7.15% -15.43%
Apr. 26 Qingdao Richen Food Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
Apr. 02 Tranche Update on Qingdao Richen Food Co.,Ltd.'s Equity Buyback Plan announced on February 8, 2024. CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,794 7,705 5,621 3,971 2,621 2,217 - -
Enterprise Value (EV) 1 4,794 7,658 5,567 3,943 2,705 2,072 2,113 2,217
P/E ratio 46.7 x 95.3 x 69.5 x 77.4 x 46.6 x 29.9 x 23.1 x 18.7 x
Yield - 0.38% 0.53% 0.5% 0.94% 1.29% 1.69% -
Capitalization / Revenue 16.8 x 29.3 x 16.6 x 12.9 x 7.29 x 4.93 x 3.96 x 3.24 x
EV / Revenue 16.8 x 29.1 x 16.4 x 12.8 x 7.52 x 4.61 x 3.78 x 3.24 x
EV / EBITDA 47.1 x 77.6 x 54.7 x 55.6 x 33.1 x 18.9 x 14.5 x 12.5 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 8.24 x 12.7 x 8.5 x 5.78 x 3.74 x 2.97 x 2.68 x 2.54 x
Nbr of stocks (in thousands) 98,614 98,614 98,614 98,614 98,614 98,614 - -
Reference price 2 48.61 78.13 57.00 40.27 26.58 22.48 22.48 22.48
Announcement Date 4/28/20 4/27/21 4/26/22 4/28/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 285.7 263.3 338.5 308.6 359.5 449.6 559.2 685.1
EBITDA 1 101.8 98.72 101.7 70.86 81.64 109.4 145.4 176.9
EBIT 1 96.61 93.17 94.35 59.33 66.51 83.96 109.1 134.6
Operating Margin 33.82% 35.39% 27.87% 19.23% 18.5% 18.67% 19.5% 19.65%
Earnings before Tax (EBT) 1 99.72 94.41 94.36 58.58 66.51 85.03 110.3 134.4
Net income 1 85.27 81.25 81.29 51.06 56.43 74.08 96.07 118.3
Net margin 29.85% 30.86% 24.01% 16.55% 15.7% 16.48% 17.18% 17.27%
EPS 2 1.040 0.8200 0.8200 0.5200 0.5700 0.7511 0.9746 1.200
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 0.3000 0.3000 0.2000 0.2500 0.2900 0.3791 -
Announcement Date 4/28/20 4/27/21 4/26/22 4/28/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q2 2024 Q3 2024 Q4
Net sales 98.25 - - 75.38 - - 103.1 93.56 - - -
EBITDA - - - - - - - - - - -
EBIT 28.42 - - 10.95 - - 20.35 17.75 - - -
Operating Margin 28.93% - - 14.53% - - 19.73% 18.97% - - -
Earnings before Tax (EBT) 28.39 - - 10.19 - - 20.68 17.73 - - -
Net income 24.69 25.54 15.94 9.579 10.66 13.15 17.79 14.84 - - -
Net margin 25.13% - - 12.71% - - 17.24% 15.86% - - -
EPS 0.2500 0.2600 0.1600 0.1000 0.1100 0.1300 0.1800 0.1500 - - -
Dividend per Share 1 0.3000 - - - - - - 0.2500 0.2601 - -
Announcement Date 4/26/22 8/28/22 10/28/22 4/28/23 4/28/23 8/18/23 10/20/23 3/29/24 - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 83.8 - - -
Net Cash position 1 - 46.5 53.8 28.4 - 145 104 -
Leverage (Debt/EBITDA) - - - - 1.027 x - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 26.5% 13.8% 12.9% 7.61% 8.07% 9.77% 11.7% 13.6%
ROA (Net income/ Total Assets) - 12.1% 9.87% - 5.86% 7.92% 9.83% -
Assets 1 - 671.5 823.9 - 962.3 935.4 977.3 -
Book Value Per Share 2 5.900 6.180 6.700 6.960 7.120 7.560 8.380 8.860
Cash Flow per Share 2 0.8400 0.7000 0.6000 0.5500 0.7100 0.2100 1.800 0.7100
Capex 1 - 102 70.7 175 66.4 90.6 98 -
Capex / Sales - 38.81% 20.87% 56.58% 18.46% 20.15% 17.52% -
Announcement Date 4/28/20 4/27/21 4/26/22 4/28/23 3/29/24 - - -
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

Ratings for Qingdao Richen Food Co.,Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
22.48 CNY
Average target price
25 CNY
Spread / Average Target
+11.21%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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