KWEICHOW MOUTAI CO.,

600519
End-of-day quote. End-of-day quote  - 12/03
1971.88CNY +1.96%
Valuation
Fiscal Period: December 2020 2021
Capitalization1 2 509 8832 477 071
Entreprise Value (EV)1 2 473 7922 301 479
P/E ratio 53,8x47,0x
Yield 0,97%1,09%
Capitalization / Revenue 26,4x22,7x
EV / Revenue 26,1x21,1x
EV / EBITDA 36,4x30,8x
Price to Book 15,6x13,0x
Nbr of stocks (in thousands) 1 256 1981 256 198
Reference price (CNY) 1 9981 972
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 94 915108 969
EBITDA1 67 95274 630
Operating profit (EBIT)1 66 63573 437
Operating Margin 70,2%67,4%
Pre-Tax Profit (EBT)1 66 19774 315
Net income1 46 69752 455
Net margin 49,2%48,1%
EPS2 37,241,9
Dividend per Share2 19,321,6
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 36 091175 593
Leverage (Debt / EBITDA) -0,53x-2,35x
Free Cash Flow1 49 58054 113
ROE (Net Profit / Equities) 31,4%29,3%
Shareholders' equity1 148 670179 226
ROA (Net Profit / Asset) 23,6%23,1%
Assets1 198 223227 560
Book Value Per Share2 128152
Cash Flow per Share2 41,151,2
Capex1 2 0893 809
Capex / Sales 2,20%3,50%
Announcement Date 03/30/2021-
Previous period Next period
1 CNY in Million
2 CNY
Financial Ratios
Size 2021e 2022e
Capitalization 2 477 071 M CNY -
Entreprise Value (EV) 2 301 479 M CNY 2 270 177 M CNY
Valuation 2021e 2022e
P/E ratio (Price / EPS) 47,0x 40,5x
Capitalization / Revenue 22,7x 19,6x
EV / Revenue 21,1x 18,3x
EV / EBITDA 30,8x 26,2x
Yield (DPS / Price) 1,09% 1,27%
Price to book (Price / BVPS) 13,0x 11,1x
Profitability 2021e 2022e
Operating Margin (EBIT / Sales) 67,4% 68,4%
Operating Leverage (Delta EBIT / Delta Sales) 0,69x 1,11x
Net Margin (Net Profit / Revenue) 48,1% 48,8%
ROA (Net Profit / Asset) 23,1% 23,2%
ROE (Net Profit / Equities) 29,3% 29,2%
Rate of Dividend 51,4% 51,6%
Balance Sheet Analysis 2021e 2022e
CAPEX / Sales   3,50% 2,33%
Cash Flow / Sales 59,0% 49,3%
Capital Intensity (Assets / Sales) 2,09x 2,11x
Financial Leverage (Net Debt / EBITDA) - -
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend