Financials Guangzhou Metro Design & Research Institute Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-07 pm EDT			5-day change	1st Jan Change
17.04 ^CNY	-0.81%		+10.94%	+3.97%

Apr. 22	Guangzhou Metro Design & Research Institute Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Mar. 29	Guangzhou Metro Design & Research Institute Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	6,180	6,556	6,816	-	-
Enterprise Value (EV) ¹	6,180	6,556	6,816	6,816	6,816
P/E ratio	15.5 x	15.2 x	13.2 x	11.4 x	10.3 x
Yield	-	-	-	-	-
Capitalization / Revenue	-	2.55 x	2.35 x	2.09 x	1.87 x
EV / Revenue	-	2.55 x	2.35 x	2.09 x	1.87 x
EV / EBITDA	-	11.9 x	11 x	9.7 x	8.96 x
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	-	2.72 x	2.41 x	2.05 x	1.77 x
Nbr of stocks (in thousands)	400,010	400,010	400,010	-	-
Reference price ²	15.45	16.39	17.04	17.04	17.04
Announcement Date	3/29/23	3/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	-	2,573	2,906	3,267	3,648
EBITDA ¹	-	550.7	621.1	702.7	761
EBIT ¹	-	501.3	601.4	689.8	767.4
Operating Margin	-	19.48%	20.7%	21.11%	21.03%
Earnings before Tax (EBT) ¹	-	501	601.2	689.7	767.2
Net income ¹	399.8	431.9	518.6	595.9	662.2
Net margin	-	16.78%	17.85%	18.24%	18.15%
EPS ²	1.000	1.080	1.295	1.490	1.655
Free Cash Flow	-	-	-	-	-
FCF margin	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share	-	-	-	-	-
Announcement Date	3/29/23	3/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-
Net Cash position	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow	-	-	-	-	-
ROE (net income / shareholders' equity)	-	18.9%	18.8%	18.5%	17.8%
ROA (Net income/ Total Assets)	-	-	-	-	-
Assets ¹	-	-	-	-	-
Book Value Per Share ²	-	6.030	7.090	8.300	9.640
Cash Flow per Share ²	-	0.4600	2.140	1.750	2.260
Capex ¹	-	291	189	205	160
Capex / Sales	-	11.29%	6.51%	6.29%	4.38%
Announcement Date	3/29/23	3/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

17.04 CNY

Average target price

19.85 CNY

Spread / Average Target

+16.49%

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