ZHEJIANG RED DRAGONFLY FOOTWEAR CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.08 CNY | -1.74% |
|
+1.20% | -18.85% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,080 | 3,935 | 3,324 | 3,335 | 2,950 | 3,607 |
| Enterprise Value (EV) 1 | 2,233 | 2,234 | 1,471 | 1,778 | 1,472 | 2,109 |
| P/E ratio | 20.5 x | 31 x | 42.6 x | 120 x | -85.3 x | 69.6 x |
| Yield | 2.58% | 2.64% | 4.52% | 4.17% | 6.84% | 3.19% |
| Capitalization / Revenue | 1.34 x | 1.33 x | 1.28 x | 1.33 x | 1.31 x | 1.46 x |
| EV / Revenue | 0.73 x | 0.75 x | 0.57 x | 0.71 x | 0.65 x | 0.85 x |
| EV / EBITDA | 9.55 x | 15.6 x | 13.1 x | 45.5 x | -35 x | 31.4 x |
| EV / FCF | 35.9 x | 1.97 x | 11.2 x | 21 x | 10.9 x | 8.01 x |
| FCF Yield | 2.78% | 50.7% | 8.89% | 4.76% | 9.2% | 12.5% |
| Price to Book | 1.15 x | 1.11 x | 0.97 x | 1.01 x | 0.93 x | 1.19 x |
| Nbr of stocks (in thousands) | 585,335 | 576,201 | 556,773 | 556,773 | 576,201 | 576,201 |
| Reference price 2 | 6.970 | 6.830 | 5.970 | 5.990 | 5.120 | 6.260 |
| Announcement Date | 4/25/19 | 4/27/20 | 4/28/21 | 4/27/22 | 4/28/23 | 4/15/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,041 | 2,970 | 2,592 | 2,511 | 2,251 | 2,469 |
| EBITDA 1 | 233.8 | 142.8 | 112.6 | 39.06 | -42.09 | 67.13 |
| EBIT 1 | 170.3 | 78.63 | 38.99 | -27.28 | -106.8 | -0.4127 |
| Operating Margin | 5.6% | 2.65% | 1.5% | -1.09% | -4.74% | -0.02% |
| Earnings before Tax (EBT) 1 | 248.3 | 180.8 | 131.1 | 93.46 | -35.19 | 109.2 |
| Net income 1 | 196.1 | 130.6 | 78.61 | 22.53 | -37 | 51.95 |
| Net margin | 6.45% | 4.4% | 3.03% | 0.9% | -1.64% | 2.1% |
| EPS 2 | 0.3400 | 0.2200 | 0.1400 | 0.0500 | -0.0600 | 0.0900 |
| Free Cash Flow 1 | 62.13 | 1,132 | 130.9 | 84.67 | 135.5 | 263.1 |
| FCF margin | 2.04% | 38.14% | 5.05% | 3.37% | 6.02% | 10.66% |
| FCF Conversion (EBITDA) | 26.57% | 792.81% | 116.17% | 216.77% | - | 391.91% |
| FCF Conversion (Net income) | 31.69% | 866.82% | 166.46% | 375.87% | - | 506.46% |
| Dividend per Share 2 | 0.1800 | 0.1800 | 0.2700 | 0.2500 | 0.3500 | 0.2000 |
| Announcement Date | 4/25/19 | 4/27/20 | 4/28/21 | 4/27/22 | 4/28/23 | 4/15/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 1,847 | 1,702 | 1,852 | 1,557 | 1,478 | 1,499 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 62.1 | 1,132 | 131 | 84.7 | 135 | 263 |
| ROE (net income / shareholders' equity) | 5.49% | 3.68% | 2.11% | 1.39% | -0.95% | 2.2% |
| ROA (Net income/ Total Assets) | 2.29% | 1.06% | 0.51% | -0.36% | -1.44% | -0.01% |
| Assets 1 | 8,562 | 12,365 | 15,374 | -6,233 | 2,568 | -927,640 |
| Book Value Per Share 2 | 6.060 | 6.170 | 6.140 | 5.910 | 5.510 | 5.270 |
| Cash Flow per Share 2 | 1.230 | 1.400 | 1.810 | 1.550 | 2.910 | 2.990 |
| Capex 1 | 59.6 | 75.3 | 33.6 | 19.6 | 64.5 | 75.4 |
| Capex / Sales | 1.96% | 2.54% | 1.3% | 0.78% | 2.87% | 3.05% |
| Announcement Date | 4/25/19 | 4/27/20 | 4/28/21 | 4/27/22 | 4/28/23 | 4/15/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -18.85% | 405M | |
| +28.26% | 22.13B | |
| +29.33% | 11B | |
| +10.38% | 10.34B | |
| +53.68% | 8.7B | |
| -6.71% | 8.54B | |
| -0.12% | 8.2B | |
| +20.39% | 3.38B | |
| +76.62% | 3.11B | |
| -7.44% | 2.54B |
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- Financials Zhejiang Red Dragonfly Footwear Co., Ltd.
