Financials Shanghai Rongtai Health Technology Corporation Limited

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
23.26 ^CNY	+2.20%		-0.51%	+11.67%

Apr. 25	Shanghai Rongtai Health Technology Corporation Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 15	Shanghai Rongtai Health Technology Corporation Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,310	4,114	4,478	2,731	2,825	3,101	-	-
Enterprise Value (EV) ¹	4,310	4,114	4,478	2,731	2,825	3,101	3,101	3,101
P/E ratio	14.6 x	21.4 x	19.7 x	16.3 x	14.2 x	13.5 x	11.7 x	10.3 x
Yield	4.82%	1.66%	2.1%	2.5%	4.8%	4.99%	2.71%	-
Capitalization / Revenue	1.86 x	2.04 x	1.71 x	1.36 x	1.52 x	1.5 x	1.29 x	1.12 x
EV / Revenue	1.86 x	2.04 x	1.71 x	1.36 x	1.52 x	1.5 x	1.29 x	1.12 x
EV / EBITDA	10.8 x	16.2 x	-	10.5 x	9.24 x	9.55 x	8.47 x	7.66 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2.67 x	2.61 x	-	1.53 x	1.47 x	1.54 x	1.39 x	1.33 x
Nbr of stocks (in thousands)	138,594	136,370	134,305	136,625	135,626	133,320	-	-
Reference price ²	31.10	30.17	33.34	19.99	20.83	23.26	23.26	23.26
Announcement Date	3/26/20	4/22/21	4/21/22	4/6/23	4/15/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,314	2,021	2,613	2,005	1,855	2,072	2,412	2,757
EBITDA ¹	400.1	253.4	-	259.2	305.7	324.7	366.3	405
EBIT ¹	326.9	200.4	-	186.5	236	272	316.7	357
Operating Margin	14.13%	9.92%	-	9.3%	12.72%	13.13%	13.13%	12.95%
Earnings before Tax (EBT) ¹	327.8	198.2	-	179.4	230.2	269.5	314.3	351
Net income ¹	295.6	193	236.3	164.2	202.7	239.8	276.8	314
Net margin	12.77%	9.55%	9.05%	8.19%	10.93%	11.57%	11.48%	11.39%
EPS ²	2.130	1.410	1.690	1.230	1.470	1.725	1.993	2.260
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	1.500	0.5000	0.7000	0.5000	1.000	1.160	0.6300	-
Announcement Date	3/26/20	4/22/21	4/21/22	4/6/23	4/15/24	-	-	-

¹CNY in Million²CNY

Estimates

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)	18.9%	12.1%	-	9.08%	10.5%	11.6%	12%	12.9%
ROA (Net income/ Total Assets)	12.8%	7.13%	-	4.9%	5.99%	6.93%	6.96%	7.34%
Assets ¹	2,314	2,706	-	3,351	3,384	3,460	3,978	4,277
Book Value Per Share ²	11.60	11.50	-	13.00	14.20	15.10	16.70	17.50
Cash Flow per Share ²	3.190	1.970	2.410	1.690	2.480	2.380	2.510	-
Capex ¹	151	185	134	96.3	86.8	110	114	77
Capex / Sales	6.51%	9.15%	5.12%	4.8%	4.68%	5.32%	4.71%	2.79%
Announcement Date	3/26/20	4/22/21	4/21/22	4/6/23	4/15/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

23.26 CNY

Average target price

26.02 CNY

Spread / Average Target

+11.89%

	1st Jan change	Capi.
SHANGHAI RONGTAI HEALTH TECHNOLOGY CORPORATION LIMITED	+11.67%	419M
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