Financials Xiamen Xiangyu Co., Ltd.

Equities

600057

CNE000000QN5

Air Freight & Logistics

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
6.9 ^CNY	+0.15%		-2.27%	+2.83%

Apr. 23	Xiamen Xiangyu Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Xiamen Xiangyu Places 323.4 Million Yuan Guarantee for Unit's Loan	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	8,953	12,988	18,130	23,132	15,208	15,694	-	-
Enterprise Value (EV) ¹	8,953	12,988	18,130	23,132	15,208	15,694	15,694	15,694
P/E ratio	9.22 x	11.3 x	9.35 x	9.34 x	10.7 x	6.68 x	5.33 x	4.51 x
Yield	6.02%	4.98%	6.01%	5.94%	4.47%	6.81%	4.64%	11.2%
Capitalization / Revenue	0.03 x	0.04 x	0.04 x	0.04 x	0.03 x	0.03 x	0.02 x	0.02 x
EV / Revenue	0.03 x	0.04 x	0.04 x	0.04 x	0.03 x	0.03 x	0.02 x	0.02 x
EV / EBITDA	3.71 x	4.59 x	2.89 x	4.16 x	4.94 x	1.97 x	1.74 x	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.66 x	1.18 x	1.42 x	1.57 x	1.02 x	0.7 x	0.67 x	0.6 x
Nbr of stocks (in thousands)	2,157,454	2,157,454	2,135,477	2,252,391	2,266,503	2,274,510	-	-
Reference price ²	4.150	6.020	8.490	10.27	6.710	6.900	6.900	6.900
Announcement Date	4/14/20	4/7/21	3/3/22	4/28/23	4/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	272,412	360,215	462,516	538,148	459,035	541,977	633,189	689,420
EBITDA ¹	2,415	2,830	6,278	5,555	3,079	7,950	8,995	-
EBIT ¹	1,766	2,138	3,927	4,813	2,257	3,345	5,229	5,571
Operating Margin	0.65%	0.59%	0.85%	0.89%	0.49%	0.62%	0.83%	0.81%
Earnings before Tax (EBT) ¹	1,936	2,229	3,997	5,032	2,450	3,515	5,377	5,771
Net income ¹	1,106	1,300	2,160	2,637	1,574	2,343	2,943	3,486
Net margin	0.41%	0.36%	0.47%	0.49%	0.34%	0.43%	0.46%	0.51%
EPS ²	0.4500	0.5350	0.9080	1.100	0.6300	1.032	1.295	1.530
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2500	0.3000	0.5100	0.6100	0.3000	0.4700	0.3200	0.7700
Announcement Date	4/14/20	4/7/21	3/3/22	4/28/23	4/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 S1	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 S1
Net sales	-	126,845	-	-	-	-
EBITDA	-	-	-	-	-	-
EBIT	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-
Net income ¹	1,137	519	504.1	466.3	900.1	1,366
Net margin	-	0.41%	-	-	-	-
EPS	-	-	-	0.1900	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	8/4/21	10/26/21	3/3/22	4/27/22	8/17/22	8/17/22

¹CNY in Million

Estimates

Balance Sheet Analysis

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)	9.61%	10.8%	17.1%	18.1%	9.29%	9.48%	12.5%	13.3%
ROA (Net income/ Total Assets)	1.84%	1.7%	2.35%	2.5%	-	2%	2.25%	2.8%
Assets ¹	60,238	76,541	92,020	105,447	-	117,157	130,784	124,500
Book Value Per Share ²	6.300	5.080	5.990	6.560	6.580	9.840	10.30	11.50
Cash Flow per Share ²	1.920	0.5900	2.510	2.760	2.460	2.570	4.520	2.890
Capex ¹	696	267	596	234	1,139	639	652	500
Capex / Sales	0.26%	0.07%	0.13%	0.04%	0.25%	0.12%	0.1%	0.07%
Announcement Date	4/14/20	4/7/21	3/3/22	4/28/23	4/23/24	-	-	-

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

Ratings for Xiamen Xiangyu Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6.9 CNY

Average target price

7.75 CNY

Spread / Average Target

+12.32%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Integrated Logistics Operators

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Integrated Logistics Operators