ZHEJIANG CHINA LIGHT&TEXTILE INDUSTRIAL CITY GROUP CO.,LTD Financials Zhejiang China Light&Textile Industrial City Group Co.,Ltd
Equities
600790
CNE000000P46
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.4 CNY | +0.29% |
|
-0.29% | -14.36% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,350 | 4,984 | 4,940 | 4,822 | 6,816 | 5,819 |
| Enterprise Value (EV) 1 | 3,730 | 3,921 | 4,137 | 3,343 | 5,858 | 6,403 |
| P/E ratio | 10.4 x | 14.8 x | 12.5 x | 11.3 x | 5.74 x | 24.8 x |
| Yield | 4.93% | 5.29% | 2.97% | 4.56% | 3.66% | 2.52% |
| Capitalization / Revenue | 5.46 x | 5.08 x | 6.03 x | 5.2 x | 8.31 x | 6.81 x |
| EV / Revenue | 3.8 x | 4 x | 5.05 x | 3.61 x | 7.14 x | 7.49 x |
| EV / EBITDA | 6.38 x | 6.52 x | 8.77 x | 5.99 x | 13.1 x | 17.2 x |
| EV / FCF | 3.22 x | 18.3 x | -46.2 x | -20.3 x | -5.9 x | -6.17 x |
| FCF Yield | 31.1% | 5.47% | -2.16% | -4.94% | -16.9% | -16.2% |
| Price to Book | 1 x | 0.85 x | 0.86 x | 0.83 x | 1.04 x | 0.9 x |
| Nbr of stocks (in thousands) | 1,465,791 | 1,465,791 | 1,465,791 | 1,465,791 | 1,465,791 | 1,465,791 |
| Reference price 2 | 3.650 | 3.400 | 3.370 | 3.290 | 4.650 | 3.970 |
| Announcement Date | 4/17/19 | 4/28/20 | 4/16/21 | 4/19/22 | 4/26/23 | 4/10/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 980.4 | 981.2 | 819.7 | 927.2 | 820.2 | 854.8 |
| EBITDA 1 | 584.5 | 601.5 | 472 | 557.9 | 447.9 | 372.8 |
| EBIT 1 | 360.5 | 379.5 | 245.9 | 331.8 | 245.6 | 167.2 |
| Operating Margin | 36.78% | 38.68% | 29.99% | 35.78% | 29.95% | 19.56% |
| Earnings before Tax (EBT) 1 | 677 | 480.2 | 498.9 | 517.9 | 1,581 | 280.2 |
| Net income 1 | 514 | 339.1 | 397.3 | 432 | 1,187 | 214.4 |
| Net margin | 52.43% | 34.56% | 48.48% | 46.59% | 144.7% | 25.08% |
| EPS 2 | 0.3500 | 0.2300 | 0.2700 | 0.2900 | 0.8100 | 0.1600 |
| Free Cash Flow 1 | 1,160 | 214.7 | -89.54 | -165.1 | -992.9 | -1,038 |
| FCF margin | 118.31% | 21.88% | -10.92% | -17.8% | -121.05% | -121.43% |
| FCF Conversion (EBITDA) | 198.44% | 35.69% | - | - | - | - |
| FCF Conversion (Net income) | 225.66% | 63.3% | - | - | - | - |
| Dividend per Share 2 | 0.1800 | 0.1800 | 0.1000 | 0.1500 | 0.1700 | 0.1000 |
| Announcement Date | 4/17/19 | 4/28/20 | 4/16/21 | 4/19/22 | 4/26/23 | 4/10/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 584 |
| Net Cash position 1 | 1,620 | 1,063 | 803 | 1,479 | 958 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 1.566 x |
| Free Cash Flow 1 | 1,160 | 215 | -89.5 | -165 | -993 | -1,038 |
| ROE (net income / shareholders' equity) | 10% | 6.27% | 6.87% | 7.55% | 19.4% | 3.61% |
| ROA (Net income/ Total Assets) | 2.36% | 2.29% | 1.54% | 2.22% | 1.56% | 0.91% |
| Assets 1 | 21,750 | 14,841 | 25,766 | 19,452 | 75,880 | 23,455 |
| Book Value Per Share 2 | 3.660 | 4.000 | 3.900 | 3.970 | 4.490 | 4.410 |
| Cash Flow per Share 2 | 1.110 | 0.7300 | 0.5500 | 1.010 | 1.270 | 1.910 |
| Capex 1 | 334 | 79.7 | 58 | 109 | 1,089 | 1,253 |
| Capex / Sales | 34.1% | 8.13% | 7.08% | 11.7% | 132.73% | 146.53% |
| Announcement Date | 4/17/19 | 4/28/20 | 4/16/21 | 4/19/22 | 4/26/23 | 4/10/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -14.36% | 637M | |
| +5.35% | 10.49B | |
| +35.52% | 6.62B | |
| +18.00% | 3.11B | |
| +12.20% | 2.89B | |
| -15.38% | 2.72B | |
| -7.58% | 2.62B | |
| +1.58% | 2.6B | |
| -18.83% | 2.31B | |
| -16.09% | 2.17B |
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