Financials Yinchuan Xinhua Commercial (Group) Co., Ltd.

Equities

600785

CNE000000NV5

Food Retail & Distribution

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
19.28 CNY -1.03% Intraday chart for Yinchuan Xinhua Commercial (Group) Co., Ltd. +0.68% +30.27%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,389 2,856 2,956 4,183 3,339 4,350 - -
Enterprise Value (EV) 1 3,389 2,856 2,956 4,183 3,339 4,350 4,350 4,350
P/E ratio 18.5 x 66.6 x 57 x 45.2 x 24.7 x 27.9 x 25.4 x 23.2 x
Yield 1.33% - - 0.54% - - - -
Capitalization / Revenue 0.44 x 0.5 x 0.52 x 0.71 x 0.55 x 0.69 x 0.67 x 0.65 x
EV / Revenue 0.44 x 0.5 x 0.52 x 0.71 x 0.55 x 0.69 x 0.67 x 0.65 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.43 x 1.21 x 1.51 x 2.05 x 1.55 x 1.92 x 1.78 x 1.65 x
Nbr of stocks (in thousands) 225,631 225,631 225,631 225,631 225,631 225,631 - -
Reference price 2 15.02 12.66 13.10 18.54 14.80 19.28 19.28 19.28
Announcement Date 3/19/20 3/17/21 3/29/22 3/22/23 3/21/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,668 5,694 5,705 5,883 6,065 6,297 6,503 6,677
EBITDA - - - - - - - -
EBIT 1 180.1 22.57 68.31 88.66 143.9 173 193 213
Operating Margin 2.35% 0.4% 1.2% 1.51% 2.37% 2.75% 2.97% 3.19%
Earnings before Tax (EBT) 1 211.9 43.54 58.43 77.03 133.8 163 183 203
Net income 1 182.1 43.29 51.46 93.48 136.1 155.4 171.4 187
Net margin 2.37% 0.76% 0.9% 1.59% 2.24% 2.47% 2.63% 2.8%
EPS 2 0.8100 0.1900 0.2300 0.4100 0.6000 0.6900 0.7600 0.8300
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.2000 - - 0.1000 - - - -
Announcement Date 3/19/20 3/17/21 3/29/22 3/22/23 3/21/24 - - -
1CNY in Million2CNY
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) 7.98% 1.83% 2.38% 4.68% 6.51% 6.85% 7.02% 7.13%
ROA (Net income/ Total Assets) 3.31% 0.7% 0.71% - - 1.6% 1.8% 2%
Assets 1 5,500 6,149 7,206 - - 9,712 9,519 9,350
Book Value Per Share 2 10.50 10.50 8.650 9.070 9.570 10.10 10.80 11.70
Cash Flow per Share 2 0.7800 1.830 3.390 3.210 4.110 3.850 4.080 4.350
Capex 1 - - 301 306 341 300 300 300
Capex / Sales - - 5.28% 5.21% 5.62% 4.76% 4.61% 4.49%
Announcement Date 3/19/20 3/17/21 3/29/22 3/22/23 3/21/24 - - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
19.28
Average target price
-
Consensus

Annual profits - Rate of surprise

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