SHANGHAI BAIRUN INVESTMENT HOLDING GROUP CO., LTD. Financials Shanghai Bairun Investment Holding Group Co., Ltd.
Equities
002568
CNE1000011K6
Distillers & Wineries
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.4 CNY | -0.54% |
|
-0.83% | -17.11% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,628 | 55,778 | 44,774 | 39,066 | 25,662 | 21,272 | - | - |
| Enterprise Value (EV) 1 | 13,628 | 55,778 | 43,392 | 37,969 | 25,701 | 19,558 | 19,675 | 20,342 |
| P/E ratio | 45.3 x | 101 x | 67.2 x | 74.7 x | 31.6 x | 24.1 x | 16.6 x | 17.6 x |
| Yield | 1.52% | 0.48% | 0.84% | - | - | 2.39% | 2.99% | 2.98% |
| Capitalization / Revenue | 9.28 x | 29 x | 17.3 x | 15.1 x | 7.86 x | 5.75 x | 4.31 x | 4.41 x |
| EV / Revenue | 9.28 x | 29 x | 16.7 x | 14.6 x | 7.87 x | 5.28 x | 3.98 x | 4.22 x |
| EV / EBITDA | 29.4 x | 73 x | 46.2 x | 47.1 x | 21.3 x | 14.9 x | 11.1 x | 12 x |
| EV / FCF | 83 x | - | - | 136 x | -47.4 x | 24.3 x | 23.9 x | 17.9 x |
| FCF Yield | 1.2% | - | - | 0.74% | -2.11% | 4.12% | 4.18% | 5.59% |
| Price to Book | 6.82 x | 17.4 x | 12.4 x | 10.9 x | 6.68 x | 4.15 x | 3.54 x | 3.83 x |
| Nbr of stocks (in thousands) | 1,016,813 | 1,048,270 | 1,047,699 | 1,045,659 | 1,042,756 | 1,042,764 | - | - |
| Reference price 2 | 13.40 | 53.21 | 42.74 | 37.36 | 24.61 | 20.40 | 20.40 | 20.40 |
| Announcement Date | 3/30/20 | 3/30/21 | 4/25/22 | 4/27/23 | 4/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,468 | 1,927 | 2,594 | 2,593 | 3,264 | 3,701 | 4,941 | 4,820 |
| EBITDA 1 | 463.8 | 763.8 | 940.1 | 805.7 | 1,206 | 1,315 | 1,770 | 1,693 |
| EBIT 1 | 391.4 | 672.1 | 838.1 | 651 | 1,025 | 1,121 | 1,584 | 1,533 |
| Operating Margin | 26.66% | 34.88% | 32.31% | 25.1% | 31.39% | 30.28% | 32.06% | 31.8% |
| Earnings before Tax (EBT) 1 | 381 | 674.8 | 842.5 | 651 | 1,028 | 1,129 | 1,619 | 1,553 |
| Net income 1 | 300.3 | 535.5 | 666.1 | 521.3 | 809.4 | 887 | 1,287 | 1,219 |
| Net margin | 20.45% | 27.79% | 25.67% | 20.1% | 24.8% | 23.96% | 26.04% | 25.3% |
| EPS 2 | 0.2959 | 0.5255 | 0.6357 | 0.5000 | 0.7800 | 0.8476 | 1.227 | 1.159 |
| Free Cash Flow 1 | 164.1 | - | - | 279.9 | -542.2 | 806 | 822 | 1,137 |
| FCF margin | 11.18% | - | - | 10.79% | -16.61% | 21.78% | 16.64% | 23.59% |
| FCF Conversion (EBITDA) | 35.39% | - | - | 34.75% | - | 61.31% | 46.45% | 67.17% |
| FCF Conversion (Net income) | 54.64% | - | - | 53.7% | - | 90.87% | 63.88% | 93.24% |
| Dividend per Share 2 | 0.2041 | 0.2551 | 0.3571 | - | - | 0.4871 | 0.6099 | 0.6081 |
| Announcement Date | 3/30/20 | 3/30/21 | 4/25/22 | 4/27/23 | 4/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 679.8 | 538.6 | 498.5 | 608 | 948.3 | 760.1 | 891 | 805.9 | 807 | 801.9 | 942.2 | 1,040 | 1,749 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 128.1 | 119.1 | 152.1 | 105.3 | 274.5 | 243.4 | 302.6 | 291.4 | 187.2 | 206.2 | 336.1 | 326.1 | - | - | - |
| Operating Margin | 18.84% | 22.11% | 30.52% | 17.32% | 28.95% | 32.02% | 33.96% | 36.16% | 23.19% | 25.71% | 35.67% | 31.35% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | 187.5 | - | - | - | - | - | - |
| Net income 1 | - | - | - | - | - | - | 251.3 | - | 144.2 | - | 209.8 | 136.5 | 356.9 | - | - |
| Net margin | - | - | - | - | - | - | 28.2% | - | 17.87% | - | 22.27% | 13.12% | 20.41% | - | - |
| EPS 2 | - | - | - | 0.0800 | 0.2100 | - | 0.2400 | - | 0.1400 | - | 0.1998 | 0.1299 | 0.3399 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 0.5261 | - | - |
| Announcement Date | 4/25/22 | 4/25/22 | 8/24/22 | 10/27/22 | 4/27/23 | 4/27/23 | 7/27/23 | 10/26/23 | 4/25/24 | 4/25/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 38.5 | - | - | - |
| Net Cash position 1 | - | - | 1,383 | 1,097 | - | 1,715 | 1,597 | 930 |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.0319 x | - | - | - |
| Free Cash Flow 1 | 164 | - | - | 280 | -542 | 806 | 822 | 1,137 |
| ROE (net income / shareholders' equity) | 15.1% | 23.8% | 19.3% | 13.7% | 20.2% | 21% | 22.6% | 22.4% |
| ROA (Net income/ Total Assets) | 12% | 16.6% | 14% | - | - | 14% | 14.9% | - |
| Assets 1 | 2,493 | 3,224 | 4,764 | - | - | 6,336 | 8,622 | - |
| Book Value Per Share 2 | 1.960 | 3.060 | 3.440 | 3.420 | 3.690 | 4.920 | 5.770 | 5.330 |
| Cash Flow per Share 2 | 0.5200 | 0.6900 | 0.8300 | 0.8600 | 0.5400 | 1.250 | 1.480 | - |
| Capex 1 | 366 | 385 | 433 | 624 | 1,104 | 356 | 310 | 342 |
| Capex / Sales | 24.95% | 19.99% | 16.69% | 24.04% | 33.84% | 9.63% | 6.27% | 7.09% |
| Announcement Date | 3/30/20 | 3/30/21 | 4/25/22 | 4/27/23 | 4/25/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
D
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
20.4
CNY
Average target price
28.32
CNY
Spread / Average Target
+38.80%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -17.11% | 2.94B | |
| -1.22% | 296B | |
| +7.21% | 80.67B | |
| +13.69% | 44.21B | |
| +3.72% | 37.85B | |
| -13.49% | 19.79B | |
| +16.51% | 17.28B | |
| -7.78% | 12.1B | |
| +17.78% | 9.89B | |
| +5.30% | 10.01B |
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- Financials Shanghai Bairun Investment Holding Group Co., Ltd.
