SHANXI XINGHUACUN FEN WINE FACTORY CO.,LTD. Financials Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.
Equities
600809
CNE000000DH5
Distillers & Wineries
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 252.3 CNY | +2.73% |
|
+5.61% | +9.34% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 78,176 | 327,076 | 385,288 | 347,709 | 281,482 | 307,785 | - | - |
| Enterprise Value (EV) 1 | 74,212 | 322,469 | 379,155 | 336,516 | 278,053 | 286,380 | 281,390 | 279,693 |
| P/E ratio | 40.2 x | 106 x | 72.3 x | 42.9 x | 26.9 x | 23.8 x | 19.6 x | 16.9 x |
| Yield | 1% | 0.05% | 0.57% | 1.16% | 1.89% | 2.01% | 2.48% | 3.07% |
| Capitalization / Revenue | 6.58 x | 23.4 x | 19.3 x | 13.3 x | 8.82 x | 8.06 x | 6.72 x | 5.86 x |
| EV / Revenue | 6.25 x | 23.1 x | 19 x | 12.8 x | 8.71 x | 7.5 x | 6.15 x | 5.33 x |
| EV / EBITDA | 24.9 x | 73.5 x | 52.7 x | 30.4 x | 19.2 x | 16.4 x | 13.3 x | 11.2 x |
| EV / FCF | 25.3 x | 178 x | 50.6 x | 35.5 x | 41.2 x | 26.1 x | 20.9 x | - |
| FCF Yield | 3.96% | 0.56% | 1.98% | 2.82% | 2.43% | 3.83% | 4.78% | - |
| Price to Book | 10.5 x | 33.5 x | 25.3 x | 16.3 x | 10.1 x | 8.43 x | 6.59 x | 5.09 x |
| Nbr of stocks (in thousands) | 1,220,140 | 1,220,140 | 1,220,114 | 1,220,073 | 1,219,964 | 1,219,964 | - | - |
| Reference price 2 | 64.07 | 268.1 | 315.8 | 285.0 | 230.7 | 252.3 | 252.3 | 252.3 |
| Announcement Date | 2/6/20 | 3/9/21 | 4/27/22 | 4/27/23 | 4/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,880 | 13,990 | 19,971 | 26,214 | 31,928 | 38,193 | 45,786 | 52,502 |
| EBITDA 1 | 2,986 | 4,387 | 7,200 | 11,074 | 14,477 | 17,511 | 21,220 | 24,874 |
| EBIT 1 | 2,843 | 4,235 | 7,029 | 10,873 | 14,224 | 17,311 | 21,074 | 24,294 |
| Operating Margin | 23.93% | 30.27% | 35.2% | 41.48% | 44.55% | 45.32% | 46.03% | 46.27% |
| Earnings before Tax (EBT) 1 | 2,845 | 4,237 | 7,091 | 10,876 | 14,205 | 17,299 | 21,071 | 24,610 |
| Net income 1 | 1,939 | 3,079 | 5,314 | 8,096 | 10,438 | 12,898 | 15,717 | 18,247 |
| Net margin | 16.32% | 22.01% | 26.61% | 30.88% | 32.69% | 33.77% | 34.33% | 34.76% |
| EPS 2 | 1.596 | 2.526 | 4.365 | 6.642 | 8.563 | 10.60 | 12.90 | 14.96 |
| Free Cash Flow 1 | 2,936 | 1,814 | 7,489 | 9,485 | 6,743 | 10,966 | 13,458 | - |
| FCF margin | 24.72% | 12.97% | 37.5% | 36.18% | 21.12% | 28.71% | 29.39% | - |
| FCF Conversion (EBITDA) | 98.35% | 41.36% | 104.01% | 85.65% | 46.58% | 62.63% | 63.42% | - |
| FCF Conversion (Net income) | 151.47% | 58.92% | 140.94% | 117.15% | 64.6% | 85.02% | 85.63% | - |
| Dividend per Share 2 | 0.6429 | 0.1429 | 1.800 | 3.320 | 4.370 | 5.076 | 6.248 | 7.748 |
| Announcement Date | 2/6/20 | 3/9/21 | 4/27/22 | 4/27/23 | 4/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,714 | 10,530 | 4,803 | - | 6,810 | 4,070 | 12,682 | 6,329 | 7,733 | 5,184 | 12,917 | 15,338 | 7,531 | 9,512 | - |
| EBITDA | - | - | 1,736 | - | 2,767 | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 384.6 | 4,985 | 1,779 | - | 2,804 | 1,305 | 6,450 | 2,695 | 3,593 | 1,486 | 5,078 | 8,365 | 3,171 | 4,337 | 1,634 |
| Operating Margin | 14.17% | 47.34% | 37.03% | - | 41.17% | 32.07% | 50.86% | 42.59% | 46.46% | 28.66% | 39.31% | 54.54% | 42.1% | 45.6% | - |
| Earnings before Tax (EBT) | 441.5 | - | 1,780 | - | 2,803 | 1,306 | - | 2,697 | - | 1,471 | - | - | - | - | - |
| Net income | 434.8 | - | 1,303 | 5,013 | 2,096 | 987.6 | - | 1,948 | - | 1,007 | - | - | - | - | - |
| Net margin | 16.02% | - | 27.12% | - | 30.77% | 24.27% | - | 30.78% | - | 19.42% | - | - | - | - | - |
| EPS 2 | 0.3600 | 3.040 | 1.075 | 4.115 | 1.710 | 0.8100 | 3.950 | 1.610 | 2.170 | 0.8300 | - | 5.130 | 1.940 | 2.650 | 1.150 |
| Dividend per Share 2 | 1.800 | - | - | - | - | - | - | - | - | - | - | - | 2.441 | 2.441 | 2.441 |
| Announcement Date | 4/27/22 | 4/27/22 | 8/24/22 | 8/24/22 | 10/27/22 | 4/27/23 | 4/27/23 | 8/24/23 | 10/26/23 | 4/25/24 | 4/25/24 | 4/25/24 | - | - | - |
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 | 3,964 | 4,607 | 6,133 | 11,193 | 3,430 | 21,405 | 26,394 | 28,092 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 2,936 | 1,814 | 7,489 | 9,485 | 6,743 | 10,967 | 13,458 | - |
| ROE (net income / shareholders' equity) | 27.4% | 35.1% | 42% | 44.7% | 43.1% | 39.3% | 36.1% | 33.5% |
| ROA (Net income/ Total Assets) | 13.6% | 16.9% | 21.4% | 24.3% | - | 27.5% | 25% | 28.1% |
| Assets 1 | 14,227 | 18,249 | 24,867 | 33,321 | - | 46,849 | 62,873 | 65,041 |
| Book Value Per Share 2 | 6.100 | 8.010 | 12.50 | 17.50 | 22.80 | 29.90 | 38.30 | 49.60 |
| Cash Flow per Share 2 | 2.520 | 1.650 | 6.270 | 8.450 | 5.920 | 10.30 | 13.20 | 16.90 |
| Capex 1 | 140 | 195 | 156 | 826 | 482 | 609 | 1,138 | 795 |
| Capex / Sales | 1.18% | 1.4% | 0.78% | 3.15% | 1.51% | 1.59% | 2.49% | 1.51% |
| Announcement Date | 2/6/20 | 3/9/21 | 4/27/22 | 4/27/23 | 4/25/24 | - | - | - |
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
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
27
Last Close Price
252.3
CNY
Average target price
292.8
CNY
Spread / Average Target
+16.06%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.34% | 42.47B | |
| -0.96% | 296B | |
| +8.51% | 81.55B | |
| +3.90% | 37.87B | |
| -8.93% | 20.81B | |
| +13.62% | 16.62B | |
| -8.10% | 12.04B | |
| +7.26% | 10.21B | |
| +21.13% | 10.16B | |
| +4.00% | 7.61B |
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- Financials Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.
