WANGFUJING GROUP CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.99 CNY | +0.07% |
|
+3.17% | -12.40% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,860 | 25,290 | 30,587 | 31,940 | 18,127 | 15,879 | - | - |
| Enterprise Value (EV) 1 | 10,860 | 25,290 | 30,587 | 23,917 | 8,964 | 14,611 | 14,542 | 15,879 |
| P/E ratio | 11.3 x | 65.8 x | 19.9 x | 164 x | 25.6 x | 19.5 x | 15.3 x | 13.8 x |
| Yield | 2.72% | 0.46% | 1.48% | 0.36% | 1.25% | 2.04% | 2.43% | 3.17% |
| Capitalization / Revenue | 0.41 x | 3.08 x | 2.4 x | 2.96 x | 1.48 x | 1.24 x | 1.12 x | 1.05 x |
| EV / Revenue | 0.41 x | 3.08 x | 2.4 x | 2.21 x | 0.73 x | 1.14 x | 1.03 x | 1.05 x |
| EV / EBITDA | 4.88 x | 19.2 x | 11.1 x | 16.7 x | 4.32 x | 4.92 x | 4.43 x | 3.96 x |
| EV / FCF | - | - | 18.3 x | 26.2 x | 3.32 x | 17 x | 9.46 x | 8.08 x |
| FCF Yield | - | - | 5.46% | 3.82% | 30.1% | 5.89% | 10.6% | 12.4% |
| Price to Book | 0.95 x | 2.2 x | 1.58 x | 1.67 x | 0.92 x | 0.78 x | 0.75 x | 0.73 x |
| Nbr of stocks (in thousands) | 776,250 | 776,250 | 1,132,841 | 1,135,049 | 1,135,049 | 1,135,049 | - | - |
| Reference price 2 | 13.99 | 32.58 | 27.00 | 28.14 | 15.97 | 13.99 | 13.99 | 13.99 |
| Announcement Date | 4/25/20 | 4/23/21 | 4/22/22 | 4/14/23 | 4/19/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 26,789 | 8,223 | 12,753 | 10,800 | 12,224 | 12,810 | 14,135 | 15,085 |
| EBITDA 1 | 2,225 | 1,314 | 2,749 | 1,436 | 2,076 | 2,970 | 3,281 | 4,005 |
| EBIT 1 | 1,528 | 623.6 | 1,906 | 538.8 | 1,154 | 1,249 | 1,623 | 1,719 |
| Operating Margin | 5.7% | 7.58% | 14.94% | 4.99% | 9.44% | 9.75% | 11.49% | 11.4% |
| Earnings before Tax (EBT) 1 | 1,445 | 646.9 | 1,906 | 533.2 | 1,208 | 1,268 | 1,588 | 1,728 |
| Net income 1 | 961.3 | 386.7 | 1,340 | 194.9 | 709.4 | 814.1 | 1,039 | 1,151 |
| Net margin | 3.59% | 4.7% | 10.51% | 1.8% | 5.8% | 6.36% | 7.35% | 7.63% |
| EPS 2 | 1.238 | 0.4950 | 1.358 | 0.1720 | 0.6240 | 0.7180 | 0.9167 | 1.014 |
| Free Cash Flow 1 | - | - | 1,670 | 913 | 2,703 | 860 | 1,537 | 1,965 |
| FCF margin | - | - | 13.09% | 8.45% | 22.11% | 6.71% | 10.87% | 13.03% |
| FCF Conversion (EBITDA) | - | - | 60.73% | 63.59% | 130.18% | 28.95% | 46.85% | 49.06% |
| FCF Conversion (Net income) | - | - | 124.58% | 468.41% | 380.97% | 105.64% | 147.87% | 170.69% |
| Dividend per Share 2 | 0.3800 | 0.1500 | 0.4000 | 0.1000 | 0.2000 | 0.2848 | 0.3398 | 0.4433 |
| Announcement Date | 4/25/20 | 4/23/21 | 4/22/22 | 4/14/23 | 4/19/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q4 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,688 | 5,744 | - | 2,333 | 3,367 | 3,013 | 2,885 | 2,959 | 3,308 | 3,291 | 3,300 | 2,823 | 4,007 | 3,586 |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | 897.1 | 860.1 | 502.3 | 1,004 | 1,010 |
| EBIT 1 | - | - | - | -185.1 | 347.8 | 400.6 | 257.9 | 147.7 | 316.5 | 474.5 | 437.6 | 79.78 | 562.3 | 568.4 |
| Operating Margin | - | - | - | -7.93% | 10.33% | 13.29% | 8.94% | 4.99% | 9.57% | 14.42% | 13.26% | 2.83% | 14.03% | 15.85% |
| Earnings before Tax (EBT) 1 | - | - | - | -201.9 | 359.4 | 443.5 | 235.7 | 169.9 | 327.5 | 421.6 | 370.6 | 6.079 | 477.6 | 521.5 |
| Net income 1 | 480.5 | - | 33.42 | -220 | 226.4 | 291.1 | 130.4 | 61.47 | 201.8 | 262.9 | 281 | 36.48 | 281.8 | 311.2 |
| Net margin | 10.25% | - | - | -9.43% | 6.73% | 9.66% | 4.52% | 2.08% | 6.1% | 7.99% | 8.52% | 1.29% | 7.03% | 8.68% |
| EPS 2 | - | - | 0.0300 | -0.2000 | 0.1990 | 0.2600 | 0.1100 | 0.0500 | 0.1780 | 0.2316 | 0.2476 | 0.0321 | 0.2482 | 0.2742 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | 0.2441 | - | - | - | 0.3090 |
| Announcement Date | 8/27/21 | 4/22/22 | 10/28/22 | 4/14/23 | 4/28/23 | 8/25/23 | 10/27/23 | 4/19/24 | 4/27/24 | - | - | - | - | - |
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 | - | - | - | 8,024 | 9,163 | 1,268 | 1,338 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 1,670 | 913 | 2,703 | 860 | 1,537 | 1,965 |
| ROE (net income / shareholders' equity) | 8.66% | 3.37% | 8.86% | 1.01% | 3.65% | 4.02% | 4.94% | 5.31% |
| ROA (Net income/ Total Assets) | 4.2% | 1.68% | 3.96% | - | - | 2.01% | 2.3% | 2.72% |
| Assets 1 | 22,905 | 23,061 | 33,874 | - | - | 40,453 | 45,291 | 42,375 |
| Book Value Per Share 2 | 14.70 | 14.80 | 17.10 | 16.90 | 17.40 | 17.90 | 18.60 | 19.10 |
| Cash Flow per Share 2 | 1.730 | 1.050 | 2.450 | 1.450 | 3.180 | 2.270 | 2.320 | 2.830 |
| Capex 1 | 1,038 | 617 | 1,102 | 728 | 902 | 1,003 | 834 | 823 |
| Capex / Sales | 3.88% | 7.5% | 8.64% | 6.74% | 7.38% | 7.83% | 5.9% | 5.46% |
| Announcement Date | 4/25/20 | 4/23/21 | 4/22/22 | 4/14/23 | 4/19/24 | - | - | - |
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
8
Last Close Price
13.99
CNY
Average target price
17.6
CNY
Spread / Average Target
+25.80%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -12.40% | 2.19B | |
| +52.71% | 19.82B | |
| +28.68% | 8.02B | |
| +12.25% | 7.15B | |
| +10.21% | 7.06B | |
| +93.35% | 6.99B | |
| +1.66% | 6.13B | |
| +36.99% | 5.09B | |
| -2.19% | 3.87B | |
| +3.33% | 3.57B |
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- Financials Wangfujing Group Co., Ltd.
