CHINA QIDIAN GUOFENG HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.62 HKD | +12.73% |
|
+14.81% | -70.75% |
| Mar. 18 | Qidian Guofeng Returns to Profit in 2023 Amid Higher Revenue | MT |
| Mar. 17 | China Qidian Guofeng Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,320 | 724.8 | 324.3 | 183 | 126.9 | 234.3 |
| Enterprise Value (EV) 1 | 1,561 | 1,098 | 793.7 | 623.2 | 562.2 | 686.4 |
| P/E ratio | -1.65 x | -4.42 x | -2.98 x | -1.81 x | -1.97 x | -1.71 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.98 x | 0.79 x | 0.69 x | 0.52 x | 0.42 x | 0.89 x |
| EV / Revenue | 1.16 x | 1.19 x | 1.69 x | 1.77 x | 1.87 x | 2.62 x |
| EV / EBITDA | -2.56 x | -7.58 x | -11.7 x | -9.01 x | -16.2 x | -14 x |
| EV / FCF | -12,021 x | -4.21 x | 85 x | -105 x | 43.4 x | 129 x |
| FCF Yield | -0.01% | -23.8% | 1.18% | -0.95% | 2.3% | 0.77% |
| Price to Book | -6.66 x | -3.74 x | -1.07 x | -0.56 x | -0.36 x | -0.48 x |
| Nbr of stocks (in thousands) | 102,898 | 126,898 | 126,898 | 182,733 | 219,280 | 219,280 |
| Reference price 2 | 12.83 | 5.712 | 2.556 | 1.002 | 0.5785 | 1.069 |
| Announcement Date | 2/4/19 | 6/21/19 | 4/29/20 | 4/27/21 | 4/21/22 | 4/21/23 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,347 | 920.8 | 470.7 | 351.7 | 301.2 | 262.3 |
| EBITDA 1 | -610.2 | -144.8 | -67.74 | -69.16 | -34.78 | -49.14 |
| EBIT 1 | -630.9 | -155.4 | -74.7 | -74.37 | -41.12 | -57.74 |
| Operating Margin | -46.82% | -16.88% | -15.87% | -21.14% | -13.65% | -22.01% |
| Earnings before Tax (EBT) 1 | -733.3 | -166 | -108.9 | -84.93 | -62.15 | -137.5 |
| Net income 1 | -720.6 | -160.7 | -108.8 | -83.21 | -60.04 | -136.8 |
| Net margin | -53.48% | -17.46% | -23.12% | -23.66% | -19.93% | -52.13% |
| EPS 2 | -7.752 | -1.292 | -0.8580 | -0.5523 | -0.2942 | -0.6240 |
| Free Cash Flow 1 | -0.1299 | -261.1 | 9.342 | -5.937 | 12.95 | 5.303 |
| FCF margin | -0.01% | -28.35% | 1.98% | -1.69% | 4.3% | 2.02% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 2/4/19 | 6/21/19 | 4/29/20 | 4/27/21 | 4/21/22 | 4/21/23 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 241 | 373 | 469 | 440 | 435 | 452 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -0.3955 x | -2.576 x | -6.929 x | -6.364 x | -12.52 x | -9.199 x |
| Free Cash Flow 1 | -0.13 | -261 | 9.34 | -5.94 | 12.9 | 5.3 |
| ROE (net income / shareholders' equity) | -881% | 90.1% | 48.3% | 29% | 19.5% | 34.3% |
| ROA (Net income/ Total Assets) | -27.1% | -12% | -8.67% | -10.4% | -6.63% | -12.1% |
| Assets 1 | 2,660 | 1,338 | 1,256 | 797 | 905.4 | 1,135 |
| Book Value Per Share 2 | -1.930 | -1.530 | -2.380 | -1.790 | -1.600 | -2.230 |
| Cash Flow per Share 2 | 0.5500 | 0.3800 | 0.1900 | 0.2000 | 0.0700 | 0.0400 |
| Capex 1 | 9.87 | 18.2 | 0.38 | 0.81 | 0.81 | 0.04 |
| Capex / Sales | 0.73% | 1.98% | 0.08% | 0.23% | 0.27% | 0.02% |
| Announcement Date | 2/4/19 | 6/21/19 | 4/29/20 | 4/27/21 | 4/21/22 | 4/21/23 |
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. | |
|---|---|---|
| -70.75% | 20.88M | |
| +48.07% | 19.32B | |
| +20.25% | 7.49B | |
| +12.94% | 7.45B | |
| +24.32% | 7.43B | |
| +1.36% | 6.12B | |
| +72.98% | 5.66B | |
| -3.73% | 5.48B | |
| +29.45% | 4.98B | |
| -2.24% | 3.77B |
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