SULI CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.05 CNY | +0.33% |
|
+9.25% | -15.79% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,703 | 3,784 | 3,348 | 3,452 | 3,191 | 2,576 |
| Enterprise Value (EV) 1 | 2,461 | 2,525 | 2,265 | 2,356 | 2,152 | 2,415 |
| P/E ratio | 11.9 x | 12.5 x | 19.2 x | 14.9 x | 11.9 x | 130 x |
| Yield | 2.92% | 2.85% | 1.61% | 2.09% | 3.1% | - |
| Capitalization / Revenue | 2.25 x | 2.09 x | 2.15 x | 1.51 x | 1.01 x | 1.32 x |
| EV / Revenue | 1.49 x | 1.39 x | 1.45 x | 1.03 x | 0.68 x | 1.23 x |
| EV / EBITDA | 4.65 x | 5.06 x | 7.22 x | 5.73 x | 4.1 x | 14.2 x |
| EV / FCF | 14 x | 49.7 x | 23.5 x | 36.7 x | -7.21 x | -10.8 x |
| FCF Yield | 7.15% | 2.01% | 4.26% | 2.73% | -13.9% | -9.22% |
| Price to Book | 2.1 x | 1.93 x | 1.65 x | 1.57 x | 1.22 x | 1.07 x |
| Nbr of stocks (in thousands) | 180,000 | 180,000 | 180,000 | 180,000 | 180,002 | 180,002 |
| Reference price 2 | 20.57 | 21.02 | 18.60 | 19.18 | 17.73 | 14.31 |
| Announcement Date | 4/17/19 | 4/21/20 | 3/23/21 | 4/6/22 | 4/28/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,646 | 1,813 | 1,559 | 2,292 | 3,150 | 1,958 |
| EBITDA 1 | 529.4 | 499.2 | 313.9 | 411.4 | 524.5 | 169.5 |
| EBIT 1 | 482.2 | 447 | 235.8 | 311.5 | 409.1 | 42.64 |
| Operating Margin | 29.29% | 24.66% | 15.13% | 13.59% | 12.99% | 2.18% |
| Earnings before Tax (EBT) 1 | 507.5 | 484.9 | 258.4 | 326.4 | 455.1 | 20.09 |
| Net income 1 | 312.1 | 303.2 | 174.7 | 232.4 | 315.3 | 20.08 |
| Net margin | 18.96% | 16.73% | 11.21% | 10.14% | 10.01% | 1.03% |
| EPS 2 | 1.730 | 1.680 | 0.9700 | 1.290 | 1.490 | 0.1100 |
| Free Cash Flow 1 | 175.9 | 50.79 | 96.59 | 64.25 | -298.4 | -222.7 |
| FCF margin | 10.69% | 2.8% | 6.2% | 2.8% | -9.47% | -11.37% |
| FCF Conversion (EBITDA) | 33.22% | 10.18% | 30.77% | 15.61% | - | - |
| FCF Conversion (Net income) | 56.35% | 16.75% | 55.28% | 27.64% | - | - |
| Dividend per Share 2 | 0.6000 | 0.6000 | 0.3000 | 0.4000 | 0.5500 | - |
| Announcement Date | 4/17/19 | 4/21/20 | 3/23/21 | 4/6/22 | 4/28/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 1,242 | 1,259 | 1,083 | 1,096 | 1,040 | 161 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 176 | 50.8 | 96.6 | 64.2 | -298 | -223 |
| ROE (net income / shareholders' equity) | 20.7% | 17.1% | 8.66% | 10.8% | 12.9% | 0.43% |
| ROA (Net income/ Total Assets) | 13.4% | 10.5% | 4.98% | 5.61% | 5.56% | 0.48% |
| Assets 1 | 2,330 | 2,884 | 3,511 | 4,142 | 5,666 | 4,145 |
| Book Value Per Share 2 | 9.780 | 10.90 | 11.30 | 12.20 | 14.50 | 13.40 |
| Cash Flow per Share 2 | 6.900 | 6.990 | 6.010 | 6.240 | 10.70 | 7.140 |
| Capex 1 | 140 | 384 | 215 | 291 | 604 | 661 |
| Capex / Sales | 8.49% | 21.17% | 13.8% | 12.71% | 19.16% | 33.78% |
| Announcement Date | 4/17/19 | 4/21/20 | 3/23/21 | 4/6/22 | 4/28/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -15.79% | 300M | |
| +2.08% | 3.62B | |
| -17.29% | 2.23B | |
| -9.08% | 1.94B | |
| +2.07% | 1.85B | |
| -1.75% | 1.67B | |
| -2.20% | 1.29B | |
| +7.87% | 1.23B | |
| -20.13% | 1.06B | |
| -3.74% | 996M |
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- Financials Suli Co., Ltd.
