Financials Sanjiang Shopping Club Co.,Ltd

Equities

601116

CNE1000010L6

Food Retail & Distribution

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
8.41 CNY +1.20% Intraday chart for Sanjiang Shopping Club Co.,Ltd +3.57% -22.56%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,898 7,071 5,723 5,159 6,216 5,948
Enterprise Value (EV) 1 3,187 4,399 2,956 2,756 6,014 3,937
P/E ratio 44 x 44 x 46.8 x 58.4 x 40.5 x 43.2 x
Yield 1.86% 1.55% 1.91% 2.12% 1.76% -
Capitalization / Revenue 1.43 x 1.78 x 1.33 x 1.31 x 1.54 x 1.53 x
EV / Revenue 0.77 x 1.11 x 0.69 x 0.7 x 1.49 x 1.01 x
EV / EBITDA 19.4 x 33.7 x 23.8 x 25.5 x 31.3 x 18.3 x
EV / FCF 16.2 x -80.7 x 25.6 x 13.8 x 22.3 x 15.8 x
FCF Yield 6.16% -1.24% 3.9% 7.22% 4.48% 6.31%
Price to Book 1.89 x 2.23 x 1.8 x 1.66 x 1.98 x 1.87 x
Nbr of stocks (in thousands) 547,678 547,678 547,678 547,678 547,678 547,678
Reference price 2 10.77 12.91 10.45 9.420 11.35 10.86
Announcement Date 4/16/19 4/16/20 4/15/21 4/13/22 4/12/23 4/26/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,133 3,979 4,300 3,925 4,024 3,896
EBITDA 1 164.3 130.7 124.4 108 192.1 214.8
EBIT 1 90.18 57.57 45.28 26.18 108.5 124.3
Operating Margin 2.18% 1.45% 1.05% 0.67% 2.7% 3.19%
Earnings before Tax (EBT) 1 156.4 205.7 163.9 125 212.3 186.9
Net income 1 111.6 160.5 122.4 88.29 153.6 137.7
Net margin 2.7% 4.03% 2.85% 2.25% 3.82% 3.53%
EPS 2 0.2446 0.2931 0.2234 0.1612 0.2804 0.2514
Free Cash Flow 1 196.2 -54.53 115.4 199.1 269.4 248.4
FCF margin 4.75% -1.37% 2.68% 5.07% 6.69% 6.38%
FCF Conversion (EBITDA) 119.4% - 92.8% 184.41% 140.25% 115.65%
FCF Conversion (Net income) 175.79% - 94.32% 225.48% 175.39% 180.42%
Dividend per Share 2 0.2000 0.2000 0.2000 0.2000 0.2000 -
Announcement Date 4/16/19 4/16/20 4/15/21 4/13/22 4/12/23 4/26/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,711 2,672 2,767 2,403 202 2,011
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 196 -54.5 115 199 269 248
ROE (net income / shareholders' equity) 4.7% 5.11% 3.85% 2.81% 4.92% 4.36%
ROA (Net income/ Total Assets) 1.56% 0.8% 0.63% 0.35% 1.35% 1.54%
Assets 1 7,133 20,055 19,573 25,533 11,344 8,943
Book Value Per Share 2 5.690 5.780 5.810 5.660 5.740 5.800
Cash Flow per Share 2 4.950 4.860 5.030 5.140 1.020 4.220
Capex 1 101 127 124 141 59.5 164
Capex / Sales 2.43% 3.18% 2.87% 3.6% 1.48% 4.2%
Announcement Date 4/16/19 4/16/20 4/15/21 4/13/22 4/12/23 4/26/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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