CHOW TAI SENG JEWELLERY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15.97 CNY | -1.96% |
|
-9.05% | +5.20% |
| 26/04 | Chow Tai Seng Jewellery Co., Ltd. Proposes Final Dividend for the Year 2023 | CI |
| 25/04 | Chow Tai Seng Jewellery Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,916 | 19,476 | 19,491 | 15,229 | 16,477 | 17,335 | - | - |
| Enterprise Value (EV) 1 | 13,916 | 19,476 | 18,259 | 13,563 | 15,909 | 16,252 | 16,092 | 17,335 |
| P/E ratio | 13.9 x | 19 x | 15.9 x | 13.9 x | 12.5 x | 12.2 x | 9.97 x | 9.6 x |
| Yield | 2.36% | 2.25% | 2.81% | 4.28% | 4.28% | 4.6% | 5.17% | 6.45% |
| Capitalization / Revenue | 2.56 x | 3.83 x | 2.13 x | 1.37 x | 1.01 x | 0.89 x | 0.77 x | 0.69 x |
| EV / Revenue | 2.56 x | 3.83 x | 1.99 x | 1.22 x | 0.98 x | 0.84 x | 0.72 x | 0.69 x |
| EV / EBITDA | 10.7 x | 14.4 x | 11.3 x | 9.38 x | 9.16 x | 7.85 x | 6.58 x | 6.18 x |
| EV / FCF | - | - | 420 x | 15.2 x | -209 x | 4.87 x | 13.6 x | 13.2 x |
| FCF Yield | - | - | 0.24% | 6.6% | -0.48% | 20.5% | 7.38% | 7.6% |
| Price to Book | 2.95 x | 3.61 x | 3.37 x | 2.54 x | 2.61 x | 2.58 x | 2.16 x | 2.16 x |
| Nbr of stocks (in thousands) | 10,96,358 | 10,96,223 | 10,96,223 | 10,85,474 | 10,85,474 | 10,85,474 | - | - |
| Reference price 2 | 12.69 | 17.77 | 17.78 | 14.03 | 15.18 | 16.29 | 16.29 | 16.29 |
| Announcement Date | 28/02/20 | 26/02/21 | 11/03/22 | 28/04/23 | 25/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,439 | 5,084 | 9,155 | 11,118 | 16,290 | 19,431 | 22,369 | 25,225 |
| EBITDA 1 | 1,302 | 1,348 | 1,613 | 1,447 | 1,737 | 2,070 | 2,446 | 2,804 |
| EBIT 1 | 1,257 | 1,307 | 1,579 | 1,409 | 1,695 | 1,912 | 2,328 | 2,430 |
| Operating Margin | 23.12% | 25.7% | 17.24% | 12.67% | 10.41% | 9.84% | 10.4% | 9.63% |
| Earnings before Tax (EBT) 1 | 1,292 | 1,322 | 1,591 | 1,420 | 1,708 | 1,925 | 2,333 | 2,438 |
| Net income 1 | 991.4 | 1,012 | 1,225 | 1,091 | 1,316 | 1,467 | 1,787 | 1,861 |
| Net margin | 18.23% | 19.9% | 13.38% | 9.81% | 8.08% | 7.55% | 7.99% | 7.38% |
| EPS 2 | 0.9133 | 0.9333 | 1.120 | 1.010 | 1.210 | 1.338 | 1.633 | 1.697 |
| Free Cash Flow 1 | - | - | 43.5 | 895.2 | -76.04 | 3,339 | 1,187 | 1,317 |
| FCF margin | - | - | 0.48% | 8.05% | -0.47% | 17.18% | 5.31% | 5.22% |
| FCF Conversion (EBITDA) | - | - | 2.7% | 61.88% | - | 161.3% | 48.53% | 46.97% |
| FCF Conversion (Net income) | - | - | 3.55% | 82.08% | - | 227.65% | 66.43% | 70.77% |
| Dividend per Share 2 | 0.3000 | 0.4000 | 0.5000 | 0.6000 | 0.6500 | 0.7500 | 0.8420 | 1.050 |
| Announcement Date | 28/02/20 | 26/02/21 | 11/03/22 | 28/04/23 | 25/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | - | - | - | 8,074 | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | 739.9 | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | 9.16% | - | - | - | - | - | - |
| EPS 1 | 0.2700 | 0.3200 | 0.1500 | 0.3400 | 0.3400 | - | 0.3300 | 0.2000 | 0.3100 | 0.4200 | 0.4000 | 0.2400 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 29/08/22 | 27/10/22 | 28/04/23 | 28/04/23 | 25/08/23 | 25/08/23 | 30/10/23 | 25/04/24 | 25/04/24 | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 1,231 | 1,667 | 568 | 1,083 | 1,243 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 43.5 | 895 | -76 | 3,339 | 1,187 | 1,317 |
| ROE (net income / shareholders' equity) | 22.9% | 20.1% | 21.3% | 18.3% | 21.1% | 21.3% | 22% | 22.5% |
| ROA (Net income/ Total Assets) | 16.7% | 16.1% | 18% | 14.9% | - | 15.9% | 16.2% | 12.9% |
| Assets 1 | 5,933 | 6,290 | 6,804 | 7,312 | - | 9,220 | 11,053 | 14,426 |
| Book Value Per Share 2 | 4.300 | 4.920 | 5.280 | 5.510 | 5.820 | 6.300 | 7.530 | 7.550 |
| Cash Flow per Share 2 | 0.7300 | 1.240 | 0.1800 | 0.9300 | 0.1300 | 0.9100 | 1.730 | -0.6600 |
| Capex 1 | 181 | 131 | 153 | 123 | 215 | 202 | 148 | 171 |
| Capex / Sales | 3.33% | 2.59% | 1.67% | 1.1% | 1.32% | 1.04% | 0.66% | 0.68% |
| Announcement Date | 28/02/20 | 26/02/21 | 11/03/22 | 28/04/23 | 25/04/24 | - | - | - |
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
9
Last Close Price
15.97
CNY
Average target price
20.42
CNY
Spread / Average Target
+27.86%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.20% | 2.44B | |
| +10.50% | 83.68B | |
| -2.36% | 38.35B | |
| -7.40% | 14.06B | |
| +14.61% | 12.68B | |
| +11.93% | 4.22B | |
| +13.27% | 2.63B | |
| +0.34% | 1.59B | |
| -17.67% | 1.36B | |
| -13.42% | 1.14B |
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