Financials Zhengzhou Qianweiyangchu Food Co., Ltd.

Equities

001215

CNE100004R48

Food Processing

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
35.19 CNY +0.89% Intraday chart for Zhengzhou Qianweiyangchu Food Co., Ltd. +1.50% -33.36%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025
Capitalization 1 4,954 5,682 4,576 3,493 -
Enterprise Value (EV) 1 4,954 5,474 4,487 3,203 2,994
P/E ratio 46.6 x 55.6 x 33.9 x 15.7 x 12.3 x
Yield 0.26% 0.26% 0.36% 1.09% 1.4%
Capitalization / Revenue 3.89 x 3.82 x 2.41 x 1.48 x 1.23 x
EV / Revenue 3.89 x 3.68 x 2.36 x 1.35 x 1.05 x
EV / EBITDA 32.4 x 31.3 x 19.7 x 9.86 x 7.58 x
EV / FCF -58.4 x -540 x -98.7 x 47.1 x 13.6 x
FCF Yield -1.71% -0.19% -1.01% 2.12% 7.35%
Price to Book 5.29 x 5.35 x 3.77 x 2.19 x 1.89 x
Nbr of stocks (in thousands) 85,104 86,673 86,642 99,266 -
Reference price 2 58.21 65.56 52.81 35.19 35.19
Announcement Date 4/28/22 4/18/23 4/26/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025
Net sales 1 1,274 1,489 1,901 2,364 2,844
EBITDA 1 153.1 174.8 227.4 325 395.3
EBIT 1 111.5 123.3 161.1 241.4 307.2
Operating Margin 8.76% 8.29% 8.47% 10.21% 10.8%
Earnings before Tax (EBT) 1 113.3 129.3 174.1 250.9 319.3
Net income 1 88.46 101.9 134.3 196.5 252.2
Net margin 6.94% 6.85% 7.06% 8.31% 8.87%
EPS 2 1.250 1.180 1.560 2.245 2.854
Free Cash Flow 1 -84.85 -10.13 -45.44 68 220
FCF margin -6.66% -0.68% -2.39% 2.88% 7.74%
FCF Conversion (EBITDA) - - - 20.92% 55.66%
FCF Conversion (Net income) - - - 34.6% 87.23%
Dividend per Share 2 0.1500 0.1700 0.1900 0.3850 0.4920
Announcement Date 4/28/22 4/18/23 4/26/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3
Net sales 1 - 381.7 458.1 429 421.8 477.2 572.7 463.5 464 572.7
EBITDA - - - - - - - - - -
EBIT 1 - 30.24 40.16 40.54 29.11 38.28 53.12 43.81 33.25 51.31
Operating Margin - 7.92% 8.77% 9.45% 6.9% 8.02% 9.27% 9.45% 7.16% 8.96%
Earnings before Tax (EBT) - - - - - - - - - -
Net income 45.75 - - - - - - - - -
Net margin - - - - - - - - - -
EPS 0.5300 - - - - - - - - -
Dividend per Share - - - - - - - - - -
Announcement Date 8/25/22 10/24/22 4/18/23 4/26/23 8/29/23 10/24/23 4/26/24 4/27/24 - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025
Net Debt 1 - - - - -
Net Cash position 1 - 208 88.3 290 499
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow 1 -84.9 -10.1 -45.4 68 220
ROE (net income / shareholders' equity) 12.7% 10.1% 11.9% 14.2% 15.5%
ROA (Net income/ Total Assets) 7.45% - - 9.26% 9.93%
Assets 1 1,187 - - 2,122 2,540
Book Value Per Share 2 11.00 12.20 14.00 16.10 18.60
Cash Flow per Share 2 1.140 2.430 2.300 3.210 3.780
Capex 1 183 221 244 148 136
Capex / Sales 14.35% 14.83% 12.85% 6.28% 4.8%
Announcement Date 4/28/22 4/18/23 4/26/24 - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
35.19 CNY
Average target price
67.97 CNY
Spread / Average Target
+93.15%
Consensus

Quarterly revenue - Rate of surprise

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