Financials Lu Thai Textile Co., Ltd.

Equities

000726

CNE000001667

Textiles & Leather Goods

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-07 pm EDT			5-day change	1st Jan Change
6.29 ^CNY	-0.94%		0.00%	-2.93%

Apr. 26	Lu Thai Textile Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 12	Lu Thai Textile Co., Ltd. Proposes Final Cash Dividend on B Shares for the Year 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,357	5,123	5,095	5,688	5,021	4,613	-	-
Enterprise Value (EV) ¹	8,696	6,542	6,196	6,072	5,876	3,250	3,522	3,809
P/E ratio	8.24 x	60.6 x	17.9 x	7.77 x	15.4 x	8.22 x	7.29 x	6.46 x
Yield	1.09%	0.75%	1.09%	1.36%	2.01%	3.26%	3.8%	4.45%
Capitalization / Revenue	1.08 x	1.08 x	0.97 x	0.82 x	0.84 x	0.68 x	0.63 x	0.57 x
EV / Revenue	1.28 x	1.38 x	1.18 x	0.88 x	0.99 x	0.48 x	0.48 x	0.47 x
EV / EBITDA	5.39 x	11.8 x	7.38 x	3.92 x	6.44 x	2.59 x	2.6 x	2.54 x
EV / FCF	29 x	56.4 x	-75.1 x	6.56 x	406 x	4.03 x	7.25 x	6.68 x
FCF Yield	3.44%	1.77%	-1.33%	15.3%	0.25%	24.8%	13.8%	15%
Price to Book	1.02 x	0.74 x	0.74 x	-	-	0.53 x	0.5 x	0.47 x
Nbr of stocks (in thousands)	858,122	858,122	882,421	887,633	863,608	817,365	-	-
Reference price ²	9.150	6.670	6.450	7.380	6.480	6.290	6.290	6.290
Announcement Date	4/29/20	3/30/21	4/28/22	4/11/23	4/11/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,801	4,751	5,238	6,938	5,961	6,773	7,337	8,043
EBITDA ¹	1,614	555.3	839.8	1,549	912.1	1,253	1,356	1,499
EBIT ¹	1,132	82.82	371.3	1,082	433	691.8	789.8	900.4
Operating Margin	16.64%	1.74%	7.09%	15.6%	7.26%	10.21%	10.77%	11.2%
Earnings before Tax (EBT) ¹	1,128	84.82	363.3	1,079	437.2	678.8	779	889.1
Net income ¹	952.4	97.31	347.6	963.9	403.4	626.4	704.4	796.5
Net margin	14%	2.05%	6.64%	13.89%	6.77%	9.25%	9.6%	9.9%
EPS ²	1.110	0.1100	0.3600	0.9500	0.4200	0.7650	0.8625	0.9733
Free Cash Flow ¹	299.4	115.9	-82.45	926.1	14.49	806.5	485.5	570.5
FCF margin	4.4%	2.44%	-1.57%	13.35%	0.24%	11.91%	6.62%	7.09%
FCF Conversion (EBITDA)	18.56%	20.88%	-	59.78%	1.59%	64.35%	35.81%	38.07%
FCF Conversion (Net income)	31.44%	119.15%	-	96.08%	3.59%	128.75%	68.92%	71.63%
Dividend per Share ²	0.1000	0.0500	0.0700	0.1000	0.1300	0.2051	0.2392	0.2800
Announcement Date	4/29/20	3/30/21	4/28/22	4/11/23	4/11/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S2	2023 S1
Net sales ¹	1,732	2,840
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income ¹	267.9	221.6
Net margin	15.47%	7.8%
EPS	-	-
Dividend per Share	-	-
Announcement Date	4/11/23	8/18/23

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,339	1,419	1,101	384	855	-	-	-
Net Cash position ¹	-	-	-	-	-	1,363	1,091	804
Leverage (Debt/EBITDA)	0.8301 x	2.556 x	1.311 x	0.2477 x	0.9376 x	-	-	-
Free Cash Flow ¹	299	116	-82.5	926	14.5	807	486	571
ROE (net income / shareholders' equity)	13%	1.26%	4.44%	11.3%	4.4%	6.44%	6.9%	7.32%
ROA (Net income/ Total Assets)	8.5%	0.81%	2.77%	6.04%	3.01%	4.61%	5.04%	5.66%
Assets ¹	11,211	12,013	12,559	15,957	13,391	13,587	13,972	14,082
Book Value Per Share ²	8.970	8.960	8.710	-	-	11.80	12.50	13.30
Cash Flow per Share ²	1.230	-	-	1.400	-	1.280	1.520	1.480
Capex ¹	787	478	426	496	840	411	486	534
Capex / Sales	11.57%	10.05%	8.13%	7.15%	14.1%	6.06%	6.63%	6.64%
Announcement Date	4/29/20	3/30/21	4/28/22	4/11/23	4/11/24	-	-	-

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

Ratings for Lu Thai Textile Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6.29 CNY

Average target price

7.213 CNY

Spread / Average Target

+14.68%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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