Financials Livzon Pharmaceutical Group Inc.

Equities

000513

CNE0000002Y8

Pharmaceuticals

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
38.98 CNY -1.32% Intraday chart for Livzon Pharmaceutical Group Inc. +2.99% +11.34%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 27,656 33,157 32,307 27,456 28,292 31,443 - -
Enterprise Value (EV) 1 20,161 25,123 25,850 20,652 21,099 24,784 25,590 24,329
P/E ratio 24.2 x 22.1 x 21.2 x 15.9 x 16.7 x 16.8 x 14.8 x 14.1 x
Yield 3.41% 3.09% 3.23% 4.93% 3.86% 4.14% 4.72% 5.27%
Capitalization / Revenue 2.95 x 3.15 x 2.68 x 2.17 x 2.28 x 2.37 x 2.17 x 2.11 x
EV / Revenue 2.15 x 2.39 x 2.14 x 1.64 x 1.7 x 1.87 x 1.77 x 1.64 x
EV / EBITDA 9.54 x 9.96 x 10.6 x 6.85 x 5.85 x 8.08 x 7.58 x 6.54 x
EV / FCF 14,705,388 x 16,540,506 x - - - - - -
FCF Yield 0% 0% - - - - - -
Price to Book 2.82 x 3.16 x 2.84 x 2.19 x 2.3 x 2.41 x 2.29 x 2.21 x
Nbr of stocks (in thousands) 934,763 938,721 934,387 933,588 923,938 922,299 - -
Reference price 2 33.70 40.50 40.21 32.48 35.01 38.98 38.98 38.98
Announcement Date 3/25/20 3/22/21 3/28/22 3/30/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,385 10,520 12,064 12,630 12,430 13,283 14,457 14,868
EBITDA 1 2,114 2,522 2,431 3,014 3,605 3,069 3,375 3,721
EBIT 1 1,730 2,500 2,267 2,351 2,415 2,681 2,921 3,014
Operating Margin 18.43% 23.77% 18.79% 18.61% 19.43% 20.19% 20.21% 20.27%
Earnings before Tax (EBT) 1 1,728 2,489 2,246 2,331 2,383 2,765 3,047 3,177
Net income 1 1,303 1,715 1,776 1,909 1,954 2,156 2,430 2,503
Net margin 13.88% 16.3% 14.72% 15.12% 15.72% 16.23% 16.81% 16.84%
EPS 2 1.390 1.830 1.900 2.040 2.100 2.318 2.635 2.767
Free Cash Flow 1,371 1,519 - - - - - -
FCF margin 14.61% 14.44% - - - - - -
FCF Conversion (EBITDA) 64.84% 60.22% - - - - - -
FCF Conversion (Net income) 105.23% 88.57% - - - - - -
Dividend per Share 2 1.150 1.250 1.300 1.600 1.350 1.612 1.841 2.055
Announcement Date 3/25/20 3/22/21 3/28/22 3/30/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 2,695 3,479 2,824 3,186 3,141 3,413 3,277 2,965 2,775 3,243 3,458 3,384 3,112 3,529
EBITDA - - - - - - - - - - - - - -
EBIT 1 392.1 723.5 601.7 547.5 477.9 738.3 690.1 558.8 427.9 757.9 725.7 603.7 538.2 842
Operating Margin 14.55% 20.8% 21.31% 17.18% 15.21% 21.63% 21.06% 18.85% 15.42% 23.37% 20.99% 17.84% 17.29% 23.86%
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - -
EPS 2 0.3500 0.5900 0.5000 0.5200 0.4300 0.6200 0.6000 0.5000 0.3800 0.6500 0.5300 0.5300 0.5200 0.6800
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 3/28/22 4/21/22 8/9/22 10/25/22 3/30/23 4/20/23 8/23/23 10/24/23 3/28/24 4/23/24 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 7,495 8,034 6,457 6,804 7,193 6,659 5,853 7,115
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1,371 1,519 - - - - - -
ROE (net income / shareholders' equity) 12% 14.9% 14.1% 14.3% 14% 15.1% 16% 15.9%
ROA (Net income/ Total Assets) 7.36% 8.89% 8.27% 8.08% 7.83% 8.6% 8.95% 9.3%
Assets 1 17,707 19,284 21,482 23,619 24,957 25,064 27,150 26,918
Book Value Per Share 2 11.90 12.80 14.20 14.80 15.20 16.20 17.00 17.70
Cash Flow per Share 2 1.890 2.290 2.030 2.960 3.520 3.050 2.840 -
Capex 1 396 642 1,300 937 806 961 903 1,030
Capex / Sales 4.22% 6.1% 10.78% 7.42% 6.48% 7.23% 6.25% 6.93%
Announcement Date 3/25/20 3/22/21 3/28/22 3/30/23 3/28/24 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
38.98 CNY
Average target price
40.8 CNY
Spread / Average Target
+4.68%
Consensus
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