Financials Xinhuanet Co., Ltd.

Equities

603888

CNE100002G50

Internet Services

End-of-day quote Shanghai S.E. 06:00:00 2024-06-23 pm EDT 5-day change 1st Jan Change
19.74 CNY -4.96% Intraday chart for Xinhuanet Co., Ltd. -8.57% -21.64%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,664 10,952 9,862 12,332 9,021 13,074
Enterprise Value (EV) 1 4,361 8,617 7,384 9,558 5,949 9,741
P/E ratio 23.4 x 38 x 59.8 x 58.6 x 37.2 x 47.8 x
Yield 1.93% 0.92% 0.67% 0.69% 1.08% 0.84%
Capitalization / Revenue 4.25 x 6.98 x 6.88 x 7.15 x 4.65 x 6.28 x
EV / Revenue 2.78 x 5.49 x 5.15 x 5.54 x 3.07 x 4.68 x
EV / EBITDA 18.3 x 51.9 x 57.2 x 82.4 x 30.1 x 56.5 x
EV / FCF 52.1 x -131 x 18.6 x 24.2 x 20.7 x 35.2 x
FCF Yield 1.92% -0.76% 5.38% 4.14% 4.84% 2.84%
Price to Book 2.35 x 3.7 x 3.28 x 3.91 x 2.75 x 3.8 x
Nbr of stocks (in thousands) 519,029 519,029 519,029 519,029 519,029 519,029
Reference price 2 12.84 21.10 19.00 23.76 17.38 25.19
Announcement Date 4/17/19 4/21/20 4/22/21 4/25/22 4/25/23 4/22/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,569 1,570 1,433 1,724 1,941 2,082
EBITDA 1 238.3 166.1 129.1 115.9 197.4 172.3
EBIT 1 197.2 96.81 60.2 29.59 108.3 98.5
Operating Margin 12.56% 6.17% 4.2% 1.72% 5.58% 4.73%
Earnings before Tax (EBT) 1 287 287.8 159.5 205.7 248.4 181.6
Net income 1 285.1 287.9 164.9 210.5 242.2 273.5
Net margin 18.17% 18.34% 11.51% 12.21% 12.48% 13.14%
EPS 2 0.5493 0.5547 0.3178 0.4056 0.4666 0.5269
Free Cash Flow 1 83.72 -65.79 397.3 395.6 288.1 276.5
FCF margin 5.33% -4.19% 27.72% 22.95% 14.85% 13.28%
FCF Conversion (EBITDA) 35.13% - 307.64% 341.25% 145.94% 160.53%
FCF Conversion (Net income) 29.37% - 240.86% 187.93% 118.96% 101.1%
Dividend per Share 2 0.2480 0.1950 0.1280 0.1630 0.1870 0.2110
Announcement Date 4/17/19 4/21/20 4/22/21 4/25/22 4/25/23 4/22/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,304 2,335 2,478 2,775 3,072 3,333
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 83.7 -65.8 397 396 288 277
ROE (net income / shareholders' equity) 10.1% 9.88% 5.53% 6.83% 7.52% 8.14%
ROA (Net income/ Total Assets) 3.19% 1.48% 0.88% 0.4% 1.35% 1.19%
Assets 1 8,927 19,402 18,788 52,419 17,912 23,038
Book Value Per Share 2 5.460 5.710 5.790 6.080 6.320 6.620
Cash Flow per Share 2 4.220 4.360 4.040 4.150 3.280 6.390
Capex 1 121 130 127 93.1 47.3 30.9
Capex / Sales 7.71% 8.3% 8.89% 5.4% 2.44% 1.48%
Announcement Date 4/17/19 4/21/20 4/22/21 4/25/22 4/25/23 4/22/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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