Financials Shanghai Yuyuan Tourist Mart (Group) Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
5.85 ^CNY	+2.27%		-4.72%	-5.80%

Apr. 26	Shanghai Yuyuan Tourist Mart Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 02	Tranche Update on Shanghai Yuyuan Tourist Mart Co., Ltd.'s Equity Buyback Plan announced on February 8, 2024.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	30,449	34,524	40,071	29,678	24,195	22,792	-	-
Enterprise Value (EV) ¹	30,449	34,524	40,071	29,678	24,195	22,792	22,792	22,792
P/E ratio	9.48 x	9.54 x	10.4 x	7.69 x	11.9 x	8.52 x	7.07 x	6.8 x
Yield	3.7%	3.71%	3.4%	4.6%	3.06%	17.9%	19.7%	6.32%
Capitalization / Revenue	0.71 x	0.78 x	0.78 x	0.59 x	0.42 x	0.35 x	0.31 x	0.29 x
EV / Revenue	0.71 x	0.78 x	0.78 x	0.59 x	0.42 x	0.35 x	0.31 x	0.29 x
EV / EBITDA	5.28 x	6.17 x	6.93 x	4.38 x	7.88 x	4.14 x	3.62 x	3.9 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.97 x	1.05 x	1.17 x	0.83 x	0.67 x	0.62 x	0.58 x	0.53 x
Nbr of stocks (in thousands)	3,883,762	3,883,498	3,890,383	3,899,931	3,896,096	3,896,096	-	-
Reference price ²	7.840	8.890	10.30	7.610	6.210	5.850	5.850	5.850
Announcement Date	3/23/20	3/25/21	3/21/22	3/23/23	3/21/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	42,912	44,051	51,063	50,118	58,147	64,575	72,739	77,900
EBITDA ¹	5,763	5,597	5,785	6,772	3,069	5,501	6,294	5,841
EBIT ¹	5,374	5,003	4,956	5,921	2,337	3,493	4,342	4,308
Operating Margin	12.52%	11.36%	9.71%	11.81%	4.02%	5.41%	5.97%	5.53%
Earnings before Tax (EBT) ¹	5,406	5,274	4,963	5,944	2,314	3,473	4,340	4,278
Net income ¹	3,208	3,610	3,861	3,826	2,024	2,676	3,222	3,344
Net margin	7.48%	8.2%	7.56%	7.63%	3.48%	4.14%	4.43%	4.29%
EPS ²	0.8270	0.9320	0.9940	0.9900	0.5210	0.6867	0.8280	0.8600
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2900	0.3300	0.3500	0.3500	0.1900	1.045	1.155	0.3700
Announcement Date	3/23/20	3/25/21	3/21/22	3/23/23	3/21/24	-	-	-

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)	10.8%	11.4%	11.1%	10.9%	5.63%	6.84%	7.98%	7.27%
ROA (Net income/ Total Assets)	-	3.39%	-	2.93%	-	2.15%	2.15%	2.5%
Assets ¹	-	106,657	-	130,438	-	124,488	149,846	133,780
Book Value Per Share ²	8.080	8.500	8.810	9.150	9.320	9.430	10.00	10.90
Cash Flow per Share ²	0.9100	-0.2500	-1.770	-0.0200	1.220	0.6000	1.060	-0.7200
Capex ¹	515	870	781	551	643	1,506	858	442
Capex / Sales	1.2%	1.97%	1.53%	1.1%	1.11%	2.33%	1.18%	0.57%
Announcement Date	3/23/20	3/25/21	3/21/22	3/23/23	3/21/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.85 CNY

Average target price

7.935 CNY

Spread / Average Target

+35.64%

	1st Jan change	Capi.
SHANGHAI YUYUAN TOURIST MART (GROUP) CO., LTD.	-5.80%	3.15B
KALYAN JEWELLERS INDIA LIMITED	+18.44%	5.18B
SIGNET JEWELERS LIMITED	-5.09%	4.53B
LOVISA HOLDINGS LIMITED	+24.11%	2.17B
LUK FOOK HOLDINGS (INTERNATIONAL) LIMITED	-11.12%	1.4B
WATCHES OF SWITZERLAND GROUP PLC	-51.45%	1.03B
THE HOUR GLASS LIMITED	-3.61%	763M
ETHOS LIMITED	+17.80%	722M
AURORA DESIGN	-14.29%	475M
THANGAMAYIL JEWELLERY LIMITED	-11.64%	434M