ZHONGSHENG GROUP HOLDINGS LIMITED Financials Zhongsheng Group Holdings Limited
Equities
881
KYG9894K1085
Auto Vehicles, Parts & Service Retailers
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15.22 HKD | +1.33% |
|
-2.44% | -18.52% |
| Apr. 22 | Renaissance Asia Silk Road Raises Over HK$22 Million from Share Issue | MT |
| Apr. 11 | Beijing, Washington Inflation Reports Blunt Asian Stock Markets | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 64,762 | 106,110 | 119,642 | 85,168 | 40,505 | 33,124 | - | - |
| Enterprise Value (EV) 1 | 87,770 | 126,002 | 137,189 | 103,977 | 40,505 | 42,291 | 37,914 | 35,053 |
| P/E ratio | 14.8 x | 19.7 x | 14.3 x | 13.1 x | 8.16 x | 6.27 x | 5.5 x | 4.96 x |
| Yield | 1.4% | 1.05% | 1.39% | 2.74% | - | 5.63% | 6.53% | 7.29% |
| Capitalization / Revenue | 0.52 x | 0.72 x | 0.68 x | 0.47 x | 0.23 x | 0.18 x | 0.18 x | 0.18 x |
| EV / Revenue | 0.71 x | 0.85 x | 0.78 x | 0.58 x | 0.23 x | 0.24 x | 0.21 x | 0.19 x |
| EV / EBITDA | 9.28 x | 11.6 x | 9.15 x | 7.99 x | 3.84 x | 3.8 x | 3.09 x | 2.73 x |
| EV / FCF | 14.5 x | 20.4 x | -260 x | 15.2 x | - | 5.66 x | 4.99 x | 3.89 x |
| FCF Yield | 6.9% | 4.89% | -0.38% | 6.57% | - | 17.7% | 20.1% | 25.7% |
| Price to Book | 2.98 x | 3.99 x | 2.88 x | 1.95 x | - | 0.67 x | 0.62 x | 0.58 x |
| Nbr of stocks (in thousands) | 2,271,698 | 2,281,860 | 2,415,041 | 2,401,823 | 2,385,668 | 2,385,668 | - | - |
| Reference price 2 | 28.51 | 46.50 | 49.54 | 35.46 | 16.98 | 13.88 | 13.88 | 13.88 |
| Announcement Date | 3/20/20 | 3/19/21 | 3/17/22 | 3/23/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 124,043 | 148,348 | 175,103 | 179,857 | 179,290 | 179,535 | 182,193 | 186,187 |
| EBITDA 1 | 9,457 | 10,876 | 14,991 | 13,020 | 10,558 | 11,115 | 12,280 | 12,852 |
| EBIT 1 | 7,718 | 8,937 | 12,617 | 10,169 | 8,340 | 8,715 | 9,711 | 10,515 |
| Operating Margin | 6.22% | 6.02% | 7.21% | 5.65% | 4.65% | 4.85% | 5.33% | 5.65% |
| Earnings before Tax (EBT) 1 | 6,327 | 7,679 | 11,504 | 8,951 | 6,831 | 7,213 | 8,214 | 8,964 |
| Net income 1 | 4,502 | 5,540 | 8,329 | 6,668 | 5,018 | 5,307 | 6,042 | 6,567 |
| Net margin | 3.63% | 3.73% | 4.76% | 3.71% | 2.8% | 2.96% | 3.32% | 3.53% |
| EPS 2 | 1.920 | 2.360 | 3.470 | 2.710 | 2.080 | 2.214 | 2.524 | 2.798 |
| Free Cash Flow 1 | 6,057 | 6,166 | -527.7 | 6,836 | - | 7,476 | 7,604 | 9,012 |
| FCF margin | 4.88% | 4.16% | -0.3% | 3.8% | - | 4.16% | 4.17% | 4.84% |
| FCF Conversion (EBITDA) | 64.05% | 56.69% | - | 52.5% | - | 67.26% | 61.92% | 70.12% |
| FCF Conversion (Net income) | 134.55% | 111.31% | - | 102.53% | - | 140.87% | 125.85% | 137.23% |
| Dividend per Share 2 | 0.4000 | 0.4900 | 0.6900 | 0.9700 | - | 0.7824 | 0.9068 | 1.012 |
| Announcement Date | 3/20/20 | 3/19/21 | 3/17/22 | 3/23/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 66,630 | 58,203 | 90,145 | 87,361 | 87,742 | 86,029 | 93,828 | 81,902 | 97,388 | 78,102 | 84,611 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 4,157 | 3,802 | 5,134 | 5,703 | 6,914 | 5,248 | 4,921 | 4,768 | 3,572 | 3,941 | 4,685 |
| Operating Margin | 6.24% | 6.53% | 5.7% | 6.53% | 7.88% | 6.1% | 5.24% | 5.82% | 3.67% | 5.05% | 5.54% |
| Earnings before Tax (EBT) | - | 3,192 | 4,486 | 5,109 | - | - | 4,263 | - | - | - | - |
| Net income | 2,419 | 2,292 | 3,248 | 3,696 | 4,633 | 3,425 | 3,242 | 3,009 | - | - | - |
| Net margin | 3.63% | 3.94% | 3.6% | 4.23% | 5.28% | 3.98% | 3.46% | 3.67% | - | - | - |
| EPS | - | 0.9780 | 1.382 | - | - | - | 1.320 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/20/20 | 8/10/20 | 3/19/21 | 8/9/21 | 3/17/22 | 8/30/22 | 3/23/23 | 8/23/23 | 3/27/24 | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 23,008 | 19,893 | 17,546 | 18,809 | - | 9,167 | 4,790 | 1,929 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.433 x | 1.829 x | 1.17 x | 1.445 x | - | 0.8247 x | 0.39 x | 0.1501 x |
| Free Cash Flow 1 | 6,057 | 6,166 | -528 | 6,836 | - | 7,476 | 7,604 | 9,013 |
| ROE (net income / shareholders' equity) | 22.5% | 23% | 25% | 15.9% | - | 11.1% | 11.7% | 11.9% |
| ROA (Net income/ Total Assets) | 7.49% | 8.42% | 10.8% | 7.53% | - | 5.15% | 5.8% | 5.69% |
| Assets 1 | 60,094 | 65,763 | 76,987 | 88,568 | - | 103,034 | 104,230 | 115,460 |
| Book Value Per Share 2 | 9.580 | 11.60 | 17.20 | 18.20 | - | 20.60 | 22.50 | 24.10 |
| Cash Flow per Share 2 | 3.210 | 3.840 | 4.440 | 3.490 | - | 5.110 | 5.190 | 8.220 |
| Capex 1 | 1,743 | 3,158 | 11,400 | 1,949 | - | 2,833 | 2,886 | 3,133 |
| Capex / Sales | 1.4% | 2.13% | 6.51% | 1.08% | - | 1.58% | 1.58% | 1.68% |
| Announcement Date | 3/20/20 | 3/19/21 | 3/17/22 | 3/23/23 | 3/27/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
13.88
CNY
Average target price
17.53
CNY
Spread / Average Target
+26.24%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -18.52% | 4.58B | |
| +23.57% | 12.36B | |
| -12.83% | 10.63B | |
| -4.76% | 10.22B | |
| +8.86% | 6.58B | |
| -1.46% | 4.47B | |
| -10.16% | 3.5B | |
| -4.80% | 2.8B | |
| -17.40% | 2.1B | |
| +16.15% | 1.97B |
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