UE FURNITURE CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.46 CNY | -1.72% |
|
-8.10% | +3.80% |
| Apr. 24 | UE Furniture Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 2023 | UE Furniture Earmarks $50 Million to Expand Vietnam Factory | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,715 | 4,017 | 3,736 | 2,908 | 3,628 | 3,778 | - | - |
| Enterprise Value (EV) 1 | 3,715 | 4,017 | 3,736 | 2,908 | 3,628 | 3,778 | 3,778 | 3,778 |
| P/E ratio | 20.5 x | 17.2 x | 20.6 x | 8.78 x | 11.6 x | 11.5 x | 9.63 x | 7.96 x |
| Yield | - | 1.88% | 1.78% | - | 3.62% | 2.09% | 2.62% | - |
| Capitalization / Revenue | - | 1.17 x | 0.8 x | 0.72 x | 1.03 x | 0.85 x | 0.73 x | 0.6 x |
| EV / Revenue | - | 1.17 x | 0.8 x | 0.72 x | 1.03 x | 0.85 x | 0.73 x | 0.6 x |
| EV / EBITDA | - | 12.4 x | 13.7 x | 6.02 x | 8.23 x | 7.97 x | 6.81 x | 5.85 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | - | 2.89 x | 2.58 x | 1.68 x | 1.71 x | 1.53 x | 1.37 x | 1.13 x |
| Nbr of stocks (in thousands) | 302,544 | 302,513 | 302,513 | 298,218 | 328,613 | 329,653 | - | - |
| Reference price 2 | 12.28 | 13.28 | 12.35 | 9.750 | 11.04 | 11.46 | 11.46 | 11.46 |
| Announcement Date | 4/29/20 | 4/29/21 | 4/29/22 | 4/27/23 | 4/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 3,434 | 4,659 | 4,055 | 3,538 | 4,429 | 5,182 | 6,258 |
| EBITDA 1 | - | 323 | 272.7 | 483.2 | 440.9 | 474.1 | 554.6 | 645.8 |
| EBIT 1 | - | 258.3 | 190.7 | 387.7 | 335.5 | 375.4 | 442.5 | 543.4 |
| Operating Margin | - | 7.52% | 4.09% | 9.56% | 9.48% | 8.48% | 8.54% | 8.68% |
| Earnings before Tax (EBT) 1 | - | 255.5 | 190.6 | 389.7 | 339.4 | 377.3 | 443.9 | 545.5 |
| Net income 1 | - | 232.5 | 181.3 | 335.2 | 297.9 | 331 | 396.1 | 478.5 |
| Net margin | - | 6.77% | 3.89% | 8.27% | 8.42% | 7.47% | 7.64% | 7.65% |
| EPS 2 | 0.6000 | 0.7700 | 0.6000 | 1.110 | 0.9500 | 0.9950 | 1.190 | 1.440 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | 0.2500 | 0.2200 | - | 0.4000 | 0.2400 | 0.3000 | - |
| Announcement Date | 4/29/20 | 4/29/21 | 4/29/22 | 4/27/23 | 4/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 17.8% | 12.7% | 21% | 15.4% | 13.3% | 14.2% | 14.2% |
| ROA (Net income/ Total Assets) | 9.12% | 5.65% | - | - | 8.9% | 9.5% | - |
| Assets 1 | 2,550 | 3,207 | - | - | 3,719 | 4,170 | - |
| Book Value Per Share 2 | 4.600 | 4.780 | 5.820 | 6.470 | 7.480 | 8.390 | 10.10 |
| Cash Flow per Share 2 | 0.5500 | 0.5000 | 2.440 | 0.9700 | 1.270 | 1.080 | 1.580 |
| Capex 1 | 454 | 346 | - | 329 | 222 | 196 | 197 |
| Capex / Sales | 13.23% | 7.43% | - | 9.28% | 5.02% | 3.78% | 3.16% |
| Announcement Date | 4/29/21 | 4/29/22 | 4/27/23 | 4/24/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
11.46
CNY
Average target price
14.54
CNY
Spread / Average Target
+26.92%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +3.80% | 530M | |
| -1.84% | 1.84B | |
| +35.49% | 569M | |
| -4.57% | 443M | |
| +57.02% | 364M | |
| +23.77% | 247M | |
| +20.18% | 184M | |
| +5.96% | 96.31M | |
| +4.50% | 73.82M |
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- Financials UE Furniture Co., Ltd.
