FENGXING CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15.16 CNY | -0.85% |
|
+1.81% | -30.84% |
| Apr. 26 | Fengxing Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 26 | Fengxing Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,302 | 1,586 | 1,490 | 2,821 | 2,214 | 2,367 |
| Enterprise Value (EV) 1 | 1,143 | 1,563 | 1,413 | 2,549 | 1,898 | 2,099 |
| P/E ratio | 42.3 x | 24 x | 24.5 x | 25.4 x | 35.3 x | -39.9 x |
| Yield | - | - | 0.71% | - | 0.98% | - |
| Capitalization / Revenue | 2.78 x | 2.6 x | 2.11 x | 2.98 x | 2.71 x | 3.43 x |
| EV / Revenue | 2.44 x | 2.56 x | 2.01 x | 2.7 x | 2.33 x | 3.04 x |
| EV / EBITDA | 27.4 x | 17.7 x | 12.6 x | 19 x | 23.5 x | 35.8 x |
| EV / FCF | 11.8 x | -357 x | 45 x | 42.9 x | 122 x | -247 x |
| FCF Yield | 8.48% | -0.28% | 2.22% | 2.33% | 0.82% | -0.4% |
| Price to Book | 2.54 x | 2.74 x | 2.33 x | 3.05 x | 2.24 x | 2.43 x |
| Nbr of stocks (in thousands) | 88,000 | 88,000 | 88,000 | 107,989 | 107,989 | 107,989 |
| Reference price 2 | 14.80 | 18.02 | 16.93 | 26.12 | 20.50 | 21.92 |
| Announcement Date | 4/26/19 | 4/27/20 | 4/28/21 | 4/8/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 468.7 | 610.6 | 704.4 | 945 | 816.1 | 690.8 |
| EBITDA 1 | 41.65 | 88.52 | 112.6 | 134 | 80.59 | 58.62 |
| EBIT 1 | 12.15 | 57.2 | 76.16 | 95.9 | 39.17 | 14.84 |
| Operating Margin | 2.59% | 9.37% | 10.81% | 10.15% | 4.8% | 2.15% |
| Earnings before Tax (EBT) 1 | 30.53 | 76.16 | 94.3 | 114.1 | 66.8 | -63.14 |
| Net income 1 | 30.46 | 66.15 | 60.96 | 95.47 | 62.54 | -59.64 |
| Net margin | 6.5% | 10.83% | 8.65% | 10.1% | 7.66% | -8.63% |
| EPS 2 | 0.3500 | 0.7500 | 0.6900 | 1.030 | 0.5800 | -0.5500 |
| Free Cash Flow 1 | 96.93 | -4.376 | 31.4 | 59.4 | 15.6 | -8.492 |
| FCF margin | 20.68% | -0.72% | 4.46% | 6.29% | 1.91% | -1.23% |
| FCF Conversion (EBITDA) | 232.71% | - | 27.9% | 44.34% | 19.36% | - |
| FCF Conversion (Net income) | 318.2% | - | 51.51% | 62.21% | 24.95% | - |
| Dividend per Share | - | - | 0.1200 | - | 0.2000 | - |
| Announcement Date | 4/26/19 | 4/27/20 | 4/28/21 | 4/8/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 160 | 22.6 | 76.4 | 271 | 316 | 268 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 96.9 | -4.38 | 31.4 | 59.4 | 15.6 | -8.49 |
| ROE (net income / shareholders' equity) | 6.12% | 12.8% | 12.7% | 12.5% | 6.54% | -6.3% |
| ROA (Net income/ Total Assets) | 0.83% | 3.32% | 3.67% | 4.08% | 1.45% | 0.57% |
| Assets 1 | 3,649 | 1,992 | 1,660 | 2,342 | 4,307 | -10,483 |
| Book Value Per Share 2 | 5.830 | 6.580 | 7.280 | 8.570 | 9.140 | 9.000 |
| Cash Flow per Share 2 | 1.080 | 2.020 | 2.670 | 3.930 | 5.200 | 3.580 |
| Capex 1 | 8.23 | 20.6 | 51.3 | 36.1 | 37 | 29.1 |
| Capex / Sales | 1.76% | 3.37% | 7.28% | 3.81% | 4.53% | 4.21% |
| Announcement Date | 4/26/19 | 4/27/20 | 4/28/21 | 4/8/22 | 4/28/23 | 4/26/24 |
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. | |
|---|---|---|
| -30.84% | 226M | |
| +12.87% | 40.33B | |
| +3.17% | 30.34B | |
| +12.41% | 22.89B | |
| +28.21% | 19.09B | |
| +4.28% | 15.38B | |
| +9.35% | 9.84B | |
| -2.57% | 9.32B | |
| +10.03% | 7.75B | |
| -12.31% | 7.37B |
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