FOSUN TOURISM GROUP |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.03 HKD | +3.87% |
|
+6.05% | -30.40% |
| Apr. 26 | Fosun Tourism Group Enters into Framework Agreement with Fosun International | CI |
| Apr. 23 | Fosun Tourism Logs 16% Jump in Q1 Business Volume | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 12,340 | 8,576 | 10,578 | 12,697 | 6,540 | 4,642 | - | - |
| Enterprise Value (EV) 1 | 17,026 | 17,358 | 28,715 | 33,032 | 6,540 | 17,442 | 14,814 | 11,822 |
| P/E ratio | 20.4 x | -3.34 x | -3.9 x | -23.2 x | 21.1 x | 13 x | 9.47 x | 7.32 x |
| Yield | 0.81% | - | - | - | - | 1.34% | 1.96% | 4.55% |
| Capitalization / Revenue | 0.71 x | 1.21 x | 1.14 x | 0.92 x | 0.38 x | 0.24 x | 0.22 x | 0.21 x |
| EV / Revenue | 0.98 x | 2.46 x | 3.1 x | 2.4 x | 0.38 x | 0.91 x | 0.71 x | 0.53 x |
| EV / EBITDA | 4.57 x | 113 x | 132 x | 14.3 x | 1.75 x | 4.31 x | 3.4 x | 2.5 x |
| EV / FCF | 13 x | -5.78 x | 23 x | 28 x | - | 6.72 x | 4.72 x | 3.56 x |
| FCF Yield | 7.67% | -17.3% | 4.35% | 3.58% | - | 14.9% | 21.2% | 28.1% |
| Price to Book | 1.52 x | 1.67 x | 3.75 x | 5.16 x | - | 1.73 x | 1.45 x | 1.2 x |
| Nbr of stocks (in thousands) | 1,235,045 | 1,235,045 | 1,238,735 | 1,241,500 | 1,242,792 | 1,243,376 | - | - |
| Reference price 2 | 9.991 | 6.944 | 8.539 | 10.23 | 5.263 | 3.734 | 3.734 | 3.734 |
| Announcement Date | 3/17/20 | 3/23/21 | 3/21/22 | 3/26/23 | 3/14/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 17,337 | 7,060 | 9,261 | 13,778 | 17,152 | 19,237 | 20,749 | 22,424 |
| EBITDA 1 | 3,729 | 153.6 | 217.4 | 2,310 | 3,730 | 4,045 | 4,359 | 4,737 |
| EBIT 1 | 2,071 | -1,676 | -1,435 | 593.5 | 1,807 | 1,921 | 2,152 | 2,447 |
| Operating Margin | 11.95% | -23.74% | -15.5% | 4.31% | 10.53% | 9.99% | 10.37% | 10.91% |
| Earnings before Tax (EBT) 1 | 1,275 | -2,581 | -2,397 | -403.2 | 489.2 | 601.1 | 816.7 | 1,064 |
| Net income 1 | 608.7 | -2,568 | -2,712 | -544.9 | 307.2 | 357.7 | 491 | 631.7 |
| Net margin | 3.51% | -36.37% | -29.28% | -3.95% | 1.79% | 1.86% | 2.37% | 2.82% |
| EPS 2 | 0.4900 | -2.080 | -2.190 | -0.4400 | 0.2500 | 0.2865 | 0.3944 | 0.5104 |
| Free Cash Flow 1 | 1,306 | -3,003 | 1,250 | 1,182 | - | 2,596 | 3,141 | 3,320 |
| FCF margin | 7.53% | -42.53% | 13.5% | 8.58% | - | 13.49% | 15.14% | 14.81% |
| FCF Conversion (EBITDA) | 35.01% | - | 575.11% | 51.15% | - | 64.17% | 72.05% | 70.09% |
| FCF Conversion (Net income) | 214.5% | - | - | - | - | 725.69% | 639.75% | 525.53% |
| Dividend per Share 2 | 0.0812 | - | - | - | - | 0.0500 | 0.0733 | 0.1700 |
| Announcement Date | 3/17/20 | 3/23/21 | 3/21/22 | 3/26/23 | 3/14/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|
| Net sales 1 | 6,417 | 7,361 | 8,899 | 8,253 | 9,719 | 9,719 |
| EBITDA | - | - | - | - | - | - |
| EBIT 1 | 286.6 | 306.9 | 1,352 | 454.4 | 1,012 | 1,012 |
| Operating Margin | 4.47% | 4.17% | 15.2% | 5.51% | 10.41% | 10.41% |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 8/22/22 | 3/26/23 | 8/28/23 | 3/14/24 | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 4,686 | 8,782 | 18,137 | 20,334 | - | 12,799 | 10,171 | 7,180 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.257 x | 57.19 x | 83.41 x | 8.801 x | - | 3.164 x | 2.333 x | 1.516 x |
| Free Cash Flow 1 | 1,306 | -3,003 | 1,251 | 1,182 | - | 2,596 | 3,141 | 3,320 |
| ROE (net income / shareholders' equity) | 7.53% | -38.7% | -67.5% | -21% | - | 13.8% | 15.7% | 16.3% |
| ROA (Net income/ Total Assets) | 1.84% | -6.8% | -7.14% | -1.45% | - | 0.89% | 1.04% | 1.1% |
| Assets 1 | 33,168 | 37,745 | 37,986 | 37,560 | - | 40,194 | 47,360 | 57,432 |
| Book Value Per Share 2 | 6.590 | 4.150 | 2.280 | 1.980 | - | 2.160 | 2.570 | 3.120 |
| Cash Flow per Share 2 | 2.540 | -1.540 | 1.780 | 1.940 | - | 2.910 | 3.480 | 4.800 |
| Capex 1 | 1,294 | 1,103 | 950 | 1,218 | - | 1,711 | 1,957 | 1,758 |
| Capex / Sales | 7.47% | 15.62% | 10.25% | 8.84% | - | 8.89% | 9.43% | 7.84% |
| Announcement Date | 3/17/20 | 3/23/21 | 3/21/22 | 3/26/23 | 3/14/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
3.734
CNY
Average target price
7.972
CNY
Spread / Average Target
+113.54%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -30.40% | 641M | |
| +55.24% | 8.65B | |
| +7.46% | 1.29B | |
| +18.16% | 1.25B | |
| +7.57% | 985M | |
| -27.22% | 848M | |
| 0.00% | 258M | |
| +1.11% | 233M | |
| +3.29% | 171M | |
| -12.31% | 166M |
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- Financials Fosun Tourism Group
