A-ZENITH HOME FURNISHINGS CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.54 CNY | -3.61% |
|
-3.20% | -31.52% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,293 | 1,534 | 914.4 | 1,369 | 1,357 | 1,734 |
| Enterprise Value (EV) 1 | 2,096 | 1,403 | 751.9 | 1,395 | 1,463 | 1,853 |
| P/E ratio | -26.8 x | -12.4 x | 58 x | -20.8 x | -15.3 x | -13.5 x |
| Yield | - | - | 11.5% | - | - | - |
| Capitalization / Revenue | 5.5 x | 4.12 x | 2.93 x | 4.96 x | 5.73 x | 8.74 x |
| EV / Revenue | 5.03 x | 3.77 x | 2.41 x | 5.05 x | 6.18 x | 9.35 x |
| EV / EBITDA | -23.6 x | -15 x | -22 x | -28 x | -19.7 x | -21.1 x |
| EV / FCF | -12.2 x | -46 x | -62.2 x | -63 x | -322 x | 34.2 x |
| FCF Yield | -8.21% | -2.17% | -1.61% | -1.59% | -0.31% | 2.93% |
| Price to Book | 2.94 x | 2.34 x | 1.36 x | 2.57 x | 2.68 x | 4.75 x |
| Nbr of stocks (in thousands) | 262,753 | 262,752 | 262,752 | 262,752 | 261,467 | 261,467 |
| Reference price 2 | 8.725 | 5.840 | 3.480 | 5.210 | 5.190 | 6.630 |
| Announcement Date | 4/11/19 | 4/27/20 | 4/22/21 | 4/24/23 | 4/24/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 417.1 | 372.4 | 311.9 | 276 | 236.9 | 198.3 |
| EBITDA 1 | -88.71 | -93.32 | -34.1 | -49.82 | -74.35 | -87.9 |
| EBIT 1 | -104.3 | -111.1 | -53.89 | -73.47 | -95.36 | -107 |
| Operating Margin | -25% | -29.84% | -17.28% | -26.62% | -40.26% | -53.98% |
| Earnings before Tax (EBT) 1 | -93.3 | -144.7 | 24.92 | -69.19 | -105.2 | -118.8 |
| Net income 1 | -86.11 | -124.5 | 16.71 | -66.83 | -89.55 | -129.1 |
| Net margin | -20.65% | -33.44% | 5.36% | -24.22% | -37.8% | -65.14% |
| EPS 2 | -0.3250 | -0.4700 | 0.0600 | -0.2500 | -0.3400 | -0.4900 |
| Free Cash Flow 1 | -172 | -30.48 | -12.08 | -22.15 | -4.543 | 54.22 |
| FCF margin | -41.25% | -8.19% | -3.87% | -8.03% | -1.92% | 27.35% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | 0.4000 | - | - | - |
| Announcement Date | 4/11/19 | 4/27/20 | 4/22/21 | 4/24/23 | 4/24/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 25.9 | 106 | 119 |
| Net Cash position 1 | 197 | 131 | 162 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | -0.5198 x | -1.427 x | -1.359 x |
| Free Cash Flow 1 | -172 | -30.5 | -12.1 | -22.1 | -4.54 | 54.2 |
| ROE (net income / shareholders' equity) | -11.3% | -18.1% | 1.9% | -10.7% | -16.7% | -30.8% |
| ROA (Net income/ Total Assets) | -6.44% | -7.83% | -4.05% | -5.43% | -7.25% | -9.28% |
| Assets 1 | 1,337 | 1,591 | -412.3 | 1,230 | 1,236 | 1,392 |
| Book Value Per Share 2 | 2.970 | 2.490 | 2.560 | 2.020 | 1.930 | 1.400 |
| Cash Flow per Share 2 | 0.7500 | 0.3500 | 0.5400 | 0.3000 | 0.1800 | 0.0700 |
| Capex 1 | 142 | 36.5 | 13.1 | 23 | 35.1 | 5 |
| Capex / Sales | 34.13% | 9.79% | 4.19% | 8.33% | 14.84% | 2.52% |
| Announcement Date | 4/11/19 | 4/27/20 | 4/22/21 | 4/24/23 | 4/24/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -31.52% | 164M | |
| -1.18% | 8.75B | |
| -4.60% | 3.75B | |
| +7.40% | 2.25B | |
| +13.28% | 1.91B | |
| -10.05% | 1.42B | |
| +36.74% | 1.2B | |
| -26.92% | 1.18B | |
| +10.11% | 981M | |
| -1.44% | 830M |
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- Financials A-Zenith Home Furnishings Co., Ltd.
