FOSHAN HAITIAN FLAVO

603288
End-of-day quote. End-of-day quote  - 11/30
112.3CNY -1.06%
Valuation
Fiscal Period: December 2020 2021
Capitalization1 649 838473 072
Entreprise Value (EV)1 632 973451 880
P/E ratio 101x70,2x
Yield 0,51%0,80%
Capitalization / Revenue 28,5x19,3x
EV / Revenue 27,8x18,4x
EV / EBITDA 77,0x56,0x
Price to Book 32,4x19,4x
Nbr of stocks (in thousands) 4 212 5764 212 576
Reference price (CNY) 154112
Announcement Date 03/30/2021-
Previous period Next period
1 CNY in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2020 2021
Net sales1 22 79224 575
EBITDA1 8 2188 066
Operating profit (EBIT)1 7 6447 806
Operating Margin 33,5%31,8%
Pre-Tax Profit (EBT)1 7 6428 111
Net income1 6 4036 857
Net margin 28,1%27,9%
EPS2 1,521,60
Dividend per Share2 0,790,90
Announcement Date 03/30/2021-
Previous period Next period
1 CNY in Million
2 CNY
Finances - Leverage
Fiscal Period: December 2020 2021
Net Debt1 --
Net Cash position1 16 86521 193
Leverage (Debt / EBITDA) -2,05x-2,63x
Free Cash Flow1 6 0456 102
ROE (Net Profit / Equities) 36,1%30,1%
Shareholders' equity1 17 72222 762
ROA (Net Profit / Asset) 23,6%20,2%
Assets1 27 14333 928
Book Value Per Share2 4,765,78
Cash Flow per Share2 1,651,76
Capex1 905708
Capex / Sales 3,97%2,88%
Announcement Date 03/30/2021-
Previous period Next period
1 CNY in Million
2 CNY
Financial Ratios
Size 2021e 2022e
Capitalization 473 072 M CNY -
Entreprise Value (EV) 451 880 M CNY 447 652 M CNY
Valuation 2021e 2022e
P/E ratio (Price / EPS) 70,2x 57,7x
Capitalization / Revenue 19,3x 16,5x
EV / Revenue 18,4x 15,8x
EV / EBITDA 56,0x 46,9x
Yield (DPS / Price) 0,80% 0,94%
Price to book (Price / BVPS) 19,4x 16,2x
Profitability 2021e 2022e
Operating Margin (EBIT / Sales) 31,8% 33,5%
Operating Leverage (Delta EBIT / Delta Sales) 0,27x 1,38x
Net Margin (Net Profit / Revenue) 27,9% 28,9%
ROA (Net Profit / Asset) 20,2% 21,8%
ROE (Net Profit / Equities) 30,1% 30,5%
Rate of Dividend 56,1% 54,3%
Balance Sheet Analysis 2021e 2022e
CAPEX / Sales   2,88% 2,60%
Cash Flow / Sales 30,2% 32,4%
Capital Intensity (Assets / Sales) 1,38x 1,32x
Financial Leverage (Net Debt / EBITDA) - -
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend