Financials Xiamen Comfort Science&Technology Group Co., Ltd

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
7.02 ^CNY	-0.71%		-0.99%	-6.40%

Apr. 26	Xiamen Comfort Science&Technology Group Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 26	Xiamen Comfort Science&Technology Group Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	5,939	8,185	8,029	5,817	4,676	4,377	-
Enterprise Value (EV) ¹	5,939	8,185	8,029	5,817	4,676	4,377	4,377
P/E ratio	20.7 x	19.2 x	18.9 x	51.8 x	44.1 x	17.1 x	13 x
Yield	1.89%	2.23%	2.33%	3.22%	4%	0.85%	-
Capitalization / Revenue	1.13 x	1.16 x	1.01 x	0.97 x	0.93 x	0.79 x	0.73 x
EV / Revenue	1.13 x	1.16 x	1.01 x	0.97 x	0.93 x	0.79 x	0.73 x
EV / EBITDA	12.2 x	11.6 x	11 x	11.4 x	14.1 x	8.03 x	7.46 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	1.75 x	1.87 x	1.71 x	1.27 x	1.04 x	0.9 x	0.87 x
Nbr of stocks (in thousands)	561,338	608,558	623,344	623,450	623,471	623,475	-
Reference price ²	10.58	13.45	12.88	9.330	7.500	7.020	7.020
Announcement Date	1/15/20	3/30/21	4/27/22	4/26/23	4/26/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	5,276	7,049	7,927	6,024	5,030	5,556	6,024
EBITDA ¹	486.7	707.8	731.1	510.4	331.2	545	587
EBIT ¹	356.7	520.9	534.5	178.4	150.1	337.5	438
Operating Margin	6.76%	7.39%	6.74%	2.96%	2.98%	6.07%	7.27%
Earnings before Tax (EBT) ¹	355.6	510.6	527.6	167.7	153.5	333.5	428
Net income ¹	289	450.5	458.4	102	103.2	255.5	338
Net margin	5.48%	6.39%	5.78%	1.69%	2.05%	4.6%	5.61%
EPS ²	0.5100	0.7000	0.6800	0.1800	0.1700	0.4100	0.5400
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	0.2000	0.3000	0.3000	0.3000	0.3000	0.0600	-
Announcement Date	1/15/20	3/30/21	4/27/22	4/26/23	4/26/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	8.66%	11.7%	9.89%	2.16%	2.24%	5.3%	6.68%
ROA (Net income/ Total Assets)	4.75%	5.92%	5.03%	1.14%	-	3.05%	3.77%
Assets ¹	6,082	7,608	9,108	8,986	-	8,391	8,966
Book Value Per Share ²	6.030	7.180	7.530	7.350	7.220	7.800	8.110
Cash Flow per Share ²	0.4900	1.160	-0.0300	1.190	1.440	0.9100	-
Capex ¹	1,088	414	390	318	242	217	171
Capex / Sales	20.63%	5.87%	4.93%	5.28%	4.82%	3.91%	2.84%
Announcement Date	1/15/20	3/30/21	4/27/22	4/26/23	4/26/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

7.02 CNY

Average target price

8.1 CNY

Spread / Average Target

+15.38%

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