REDSUN SERVICES GROUP LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.43 HKD | -.--% |
|
+1.18% | -8.51% |
| Mar. 21 | Redsun Services Group Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 13 | Redsun Services Warns of Lower 2023 Profit | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Capitalization 1 | 1,712 | 1,430 | 806.3 | 177.3 |
| Enterprise Value (EV) 1 | 886.6 | 734.1 | 319.6 | -413.7 |
| P/E ratio | 21 x | 11.2 x | 8.83 x | 16.3 x |
| Yield | 1.26% | - | - | - |
| Capitalization / Revenue | 2.23 x | 1.27 x | 0.73 x | 0.17 x |
| EV / Revenue | 1.15 x | 0.65 x | 0.29 x | -0.39 x |
| EV / EBITDA | 7.7 x | 3.55 x | 2.26 x | -2.5 x |
| EV / FCF | 3.54 x | 4.67 x | -1.17 x | -2.01 x |
| FCF Yield | 28.3% | 21.4% | -85.1% | -49.7% |
| Price to Book | 2.48 x | 1.83 x | 0.92 x | 0.2 x |
| Nbr of stocks (in thousands) | 415,000 | 415,000 | 415,000 | 415,000 |
| Reference price 2 | 4.124 | 3.447 | 1.943 | 0.4272 |
| Announcement Date | 4/19/21 | 4/19/22 | 4/20/23 | 4/18/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 349 | 503 | 767.9 | 1,130 | 1,103 | 1,064 |
| EBITDA 1 | 46.3 | 78.67 | 115.2 | 207.1 | 141.4 | 165.6 |
| EBIT 1 | 44.85 | 76.14 | 109.3 | 182 | 116.5 | 143.5 |
| Operating Margin | 12.85% | 15.14% | 14.23% | 16.11% | 10.56% | 13.49% |
| Earnings before Tax (EBT) 1 | 44.44 | 78.3 | 108.4 | 186.9 | 127.9 | 38.88 |
| Net income 1 | 32.99 | 59.06 | 69.75 | 128 | 91.99 | 10.86 |
| Net margin | 9.45% | 11.74% | 9.08% | 11.32% | 8.34% | 1.02% |
| EPS | - | 0.1969 | 0.1965 | 0.3083 | 0.2200 | 0.0262 |
| Free Cash Flow 1 | -52.19 | 52.38 | 250.7 | 157.2 | -272 | 205.5 |
| FCF margin | -14.96% | 10.41% | 32.65% | 13.91% | -24.65% | 19.32% |
| FCF Conversion (EBITDA) | - | 66.58% | 217.69% | 75.92% | - | 124.06% |
| FCF Conversion (Net income) | - | 88.68% | 359.4% | 122.87% | - | 1,890.94% |
| Dividend per Share | - | - | 0.0520 | - | - | - |
| Announcement Date | 6/24/20 | 6/24/20 | 4/19/21 | 4/19/22 | 4/20/23 | 4/18/24 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 7.45 | - | - | - | - | - |
| Net Cash position 1 | - | 144 | 825 | 696 | 487 | 591 |
| Leverage (Debt/EBITDA) | 0.1608 x | - | - | - | - | - |
| Free Cash Flow 1 | -52.2 | 52.4 | 251 | 157 | -272 | 205 |
| ROE (net income / shareholders' equity) | 98% | 42.7% | 15.6% | 18.1% | 11% | 1.59% |
| ROA (Net income/ Total Assets) | 14% | 11.8% | 8.3% | 9.29% | 4.98% | 5.48% |
| Assets 1 | 236 | 498.7 | 840.9 | 1,378 | 1,846 | 198.3 |
| Book Value Per Share | - | 0.6900 | 1.660 | 1.880 | 2.100 | 2.130 |
| Cash Flow per Share | - | 0.6000 | 1.990 | 1.680 | 1.320 | 1.540 |
| Capex 1 | 5.14 | 5.16 | 8.67 | 8.65 | 8.92 | 7.41 |
| Capex / Sales | 1.47% | 1.03% | 1.13% | 0.77% | 0.81% | 0.7% |
| Announcement Date | 6/24/20 | 6/24/20 | 4/19/21 | 4/19/22 | 4/20/23 | 4/18/24 |
1CNY in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -8.51% | 22.82M | |
| -6.49% | 26.22B | |
| -7.43% | 18.42B | |
| -25.72% | 10.02B | |
| -15.82% | 9.9B | |
| -4.55% | 8.58B | |
| -5.56% | 6.62B | |
| -13.91% | 5.24B | |
| +43.74% | 4.69B | |
| -9.81% | 2.21B |
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