Financials Shanghai Fengyuzhu Culture Technology Co., Ltd.

Equities

603466

CNE100002V69

IT Services & Consulting

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
11.31 CNY -4.07% Intraday chart for Shanghai Fengyuzhu Culture Technology Co., Ltd. 0.00% -21.35%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,324 6,665 11,358 8,067 8,553 6,727 - -
Enterprise Value (EV) 1 4,324 6,665 11,358 8,067 8,553 6,727 6,727 6,727
P/E ratio 16.3 x 19.4 x 22.7 x 123 x 30.6 x 19 x 16.9 x 19.2 x
Yield - - - 0.26% 1.39% 2.21% 2.65% -
Capitalization / Revenue - - 3.86 x 4.8 x 3.64 x 2.5 x 2.25 x 2.55 x
EV / Revenue - - 3.86 x 4.8 x 3.64 x 2.5 x 2.25 x 2.55 x
EV / EBITDA - - 21.3 x 84.6 x 25.7 x 16.6 x 14.8 x 17.6 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book - - 5 x 3.74 x 3.52 x 2.55 x 2.33 x 2.26 x
Nbr of stocks (in thousands) 600,715 594,604 592,955 596,239 594,774 594,778 - -
Reference price 2 7.198 11.21 19.15 13.53 14.38 11.31 11.31 11.31
Announcement Date 4/15/20 4/15/21 2/7/22 4/17/23 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 - - 2,940 1,682 2,350 2,691 2,996 2,642
EBITDA 1 - - 533 95.37 332.4 405.4 455.3 382.5
EBIT 1 - - 510.9 76.01 317.3 407.6 460.4 401.8
Operating Margin - - 17.38% 4.52% 13.5% 15.15% 15.37% 15.21%
Earnings before Tax (EBT) 1 - - 506.9 75.94 317 405.9 459.2 401
Net income 1 262.2 342.5 438.8 66.04 282.4 354.4 400.7 352
Net margin - - 14.93% 3.93% 12.01% 13.17% 13.37% 13.32%
EPS 2 0.4420 0.5780 0.8451 0.1100 0.4700 0.5950 0.6700 0.5900
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - 0.0350 0.2000 0.2500 0.3000 -
Announcement Date 4/15/20 4/15/21 2/7/22 4/17/23 4/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 S1 2022 Q3 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - 312.9 - 722.8 508.7 909.8 509.6 294.5 532 1,228 687
EBITDA - - - - - - - - - - -
EBIT - - - - - - - - - - -
Operating Margin - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - -
Net income -15.78 - -73 - - - - - - - -
Net margin - - - - - - - - - - -
EPS -0.0282 - -0.1700 - - - - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 4/28/22 8/29/22 8/29/22 10/25/22 8/30/23 10/27/23 4/25/24 4/26/24 - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) - - 20.7% 2.8% 12.1% 13.4% 14.8% 11.8%
ROA (Net income/ Total Assets) - - - 1.39% - 6.75% 7.35% -
Assets 1 - - - 4,760 - 5,251 5,451 -
Book Value Per Share 2 - - 3.830 3.620 4.080 4.440 4.860 5.010
Cash Flow per Share 2 - - 0.5500 0.4000 0 0.2300 0.6800 0.1400
Capex 1 - - 4.23 - 4.56 36 22.9 8.52
Capex / Sales - - 0.14% - 0.19% 1.34% 0.76% 0.32%
Announcement Date 4/15/20 4/15/21 2/7/22 4/17/23 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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
11.31 CNY
Average target price
14 CNY
Spread / Average Target
+23.78%
Consensus

Quarterly revenue - Rate of surprise

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