Financials Dlg Exhibitions & Events Corporation Limited

Equities

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 10/05/2024 am IST			5-day change	1st Jan Change
8.99 ^CNY	-0.11%		+1.47%	+1.70%

29/04	Dlg Exhibitions & Events Corporation Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
10/04	Dlg Exhibitions & Events Corporation Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	4,896	4,673	4,675	-	-
Enterprise Value (EV) ¹	4,896	4,673	4,675	4,675	4,675
P/E ratio	43.8 x	17 x	14.7 x	13.6 x	11.7 x
Yield	-	3.17%	-	-	-
Capitalization / Revenue	-	3.29 x	3.02 x	2.46 x	2.27 x
EV / Revenue	-	3.29 x	3.02 x	2.46 x	2.27 x
EV / EBITDA	-	12.3 x	11.3 x	9.78 x	8.46 x
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	-	1.21 x	1.16 x	1.06 x	0.98 x
Nbr of stocks (in thousands)	5,32,761	5,28,624	5,20,009	-	-
Reference price ²	9.190	8.840	8.990	8.990	8.990
Announcement Date	26/04/23	10/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	-	1,422	1,546	1,901	2,064
EBITDA ¹	-	379.2	413.3	477.8	552.8
EBIT ¹	-	364.1	474.1	493.9	602.7
Operating Margin	-	25.61%	30.67%	25.98%	29.2%
Earnings before Tax (EBT) ¹	-	377.1	474.1	501.4	602.7
Net income ¹	114.5	275.3	320	349	406.8
Net margin	-	19.36%	20.7%	18.36%	19.71%
EPS ²	0.2100	0.5200	0.6100	0.6600	0.7700
Free Cash Flow	-	-	-	-	-
FCF margin	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share ²	-	0.2800	-	-	-
Announcement Date	26/04/23	10/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-
Net Cash position	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow	-	-	-	-	-
ROE (net income / shareholders' equity)	-	7.45%	7.81%	7.8%	8.36%
ROA (Net income/ Total Assets)	-	-	4.4%	4.5%	-
Assets ¹	-	-	7,273	7,756	-
Book Value Per Share ²	-	7.330	7.750	8.490	9.210
Cash Flow per Share ²	-	-0.2600	1.820	0.9300	0.6200
Capex ¹	-	547	379	285	384
Capex / Sales	-	38.49%	24.54%	15%	18.6%
Announcement Date	26/04/23	10/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8.99 CNY

Average target price

11.55 CNY

Spread / Average Target

+28.48%

	1st Jan change	Capi.
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FIERA MILANO SPA	+37.61%	292M
PICO FAR EAST HOLDINGS LIMITED	+11.04%	271M
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ITALIAN EXHIBITION GROUP S.P.A.	+53.57%	156M