Financials Wasu Media Holding Co.,Ltd

Equities

000156

CNE0000014L0

Broadcasting

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
7.57 CNY +3.27% Intraday chart for Wasu Media Holding Co.,Ltd +3.42% +2.71%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 12,228 16,098 15,861 16,594 14,692 14,456
Enterprise Value (EV) 1 4,457 7,553 8,811 9,227 9,893 9,664
P/E ratio 17.6 x 23.2 x 15.3 x 17.3 x 17.4 x 19.9 x
Yield 2.77% 6.03% 1.99% 2.36% 2.94% 2.99%
Capitalization / Revenue 3.56 x 4.34 x 2.09 x 1.96 x 1.57 x 1.49 x
EV / Revenue 1.3 x 2.04 x 1.16 x 1.09 x 1.05 x 1 x
EV / EBITDA 5.57 x 10.4 x 6.62 x 7.16 x 7.81 x 7.78 x
EV / FCF 63.8 x 1.91 x 61.9 x 5.57 x 61.1 x 18.2 x
FCF Yield 1.57% 52.2% 1.61% 18% 1.64% 5.48%
Price to Book 1.15 x 1.46 x 1.24 x 1.17 x 1.01 x 0.98 x
Nbr of stocks (in thousands) 1,541,930 1,541,930 1,852,932 1,961,510 1,961,510 1,961,510
Reference price 2 7.930 10.44 8.560 8.460 7.490 7.370
Announcement Date 4/29/19 4/29/20 4/29/21 4/28/22 4/28/23 4/8/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,436 3,711 7,578 8,484 9,386 9,707
EBITDA 1 800.6 725.4 1,332 1,289 1,266 1,242
EBIT 1 478.1 387.9 650.4 567.5 504 446
Operating Margin 13.91% 10.45% 8.58% 6.69% 5.37% 4.59%
Earnings before Tax (EBT) 1 653.9 664.9 942.4 929.6 806.7 718.9
Net income 1 644.2 645.5 843.7 906.8 792.6 689
Net margin 18.75% 17.4% 11.13% 10.69% 8.44% 7.1%
EPS 2 0.4500 0.4500 0.5600 0.4900 0.4300 0.3700
Free Cash Flow 1 69.9 3,946 142.3 1,657 161.8 530.1
FCF margin 2.03% 106.34% 1.88% 19.53% 1.72% 5.46%
FCF Conversion (EBITDA) 8.73% 543.94% 10.68% 128.53% 12.78% 42.67%
FCF Conversion (Net income) 10.85% 611.27% 16.86% 182.72% 20.42% 76.93%
Dividend per Share 2 0.2200 0.6300 0.1700 0.2000 0.2200 0.2200
Announcement Date 4/29/19 4/29/20 4/29/21 4/28/22 4/28/23 4/8/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 7,771 8,545 7,050 7,367 4,799 4,792
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 69.9 3,946 142 1,657 162 530
ROE (net income / shareholders' equity) 6.12% 5.96% 6.46% 6.53% 5.48% 4.67%
ROA (Net income/ Total Assets) 2.05% 1.59% 1.7% 1.45% 1.2% 0.99%
Assets 1 31,471 40,556 49,651 62,693 66,321 69,702
Book Value Per Share 2 6.930 7.140 6.900 7.200 7.420 7.560
Cash Flow per Share 2 2.670 3.460 2.880 3.580 2.730 3.330
Capex 1 932 1,173 1,572 1,983 1,493 1,641
Capex / Sales 27.13% 31.6% 20.74% 23.37% 15.91% 16.91%
Announcement Date 4/29/19 4/29/20 4/29/21 4/28/22 4/28/23 4/8/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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