Financials Eastern Pioneer Driving School Co., Ltd

Equities

603377

CNE1000025G4

Personal Services

End-of-day quote Shanghai S.E. 03:30:00 29/04/2024 am IST 5-day change 1st Jan Change
3.27 CNY +4.14% Intraday chart for Eastern Pioneer Driving School Co., Ltd +4.14% -22.33%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,585 10,517 11,246 6,304 4,519 2,959
Enterprise Value (EV) 1 9,051 11,484 11,568 7,282 5,991 4,410
P/E ratio 38.4 x 43.5 x 71.7 x 42.7 x -91.9 x -8.42 x
Yield 1.37% 1.1% 0.44% - - -
Capitalization / Revenue 8.17 x 9.44 x 13.3 x 5.26 x 4.52 x 2.84 x
EV / Revenue 8.61 x 10.3 x 13.6 x 6.08 x 5.99 x 4.23 x
EV / EBITDA 27.7 x 34.1 x 61.6 x 19 x 25.3 x 27.3 x
EV / FCF -8.92 x -77.3 x 14.9 x -38.5 x -8.76 x 13.7 x
FCF Yield -11.2% -1.29% 6.69% -2.6% -11.4% 7.32%
Price to Book 4.91 x 5.96 x 5.11 x 2.91 x 2.13 x 2.47 x
Nbr of stocks (in thousands) 7,05,603 6,91,123 6,97,065 7,02,827 7,02,834 7,02,841
Reference price 2 12.17 15.22 16.13 8.970 6.430 4.210
Announcement Date 17/04/19 24/04/20 09/04/21 29/04/22 22/04/23 29/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,051 1,114 848.1 1,199 1,000 1,042
EBITDA 1 327.1 336.9 187.8 382.5 236.6 161.6
EBIT 1 220.8 248 95.16 254.2 67.99 -2.146
Operating Margin 21.01% 22.25% 11.22% 21.21% 6.8% -0.21%
Earnings before Tax (EBT) 1 323.4 346.6 197.7 215.6 -22.99 -329.3
Net income 1 223.3 244.3 161.1 152.3 -43.18 -361.7
Net margin 21.25% 21.93% 18.99% 12.71% -4.32% -34.7%
EPS 2 0.3167 0.3500 0.2250 0.2100 -0.0700 -0.5000
Free Cash Flow 1 -1,015 -148.5 774.3 -189.2 -683.7 322.8
FCF margin -96.57% -13.33% 91.3% -15.79% -68.35% 30.96%
FCF Conversion (EBITDA) - - 412.34% - - 199.75%
FCF Conversion (Net income) - - 480.77% - - -
Dividend per Share 2 0.1667 0.1667 0.0708 - - -
Announcement Date 17/04/19 24/04/20 09/04/21 29/04/22 22/04/23 29/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 466 967 322 977 1,471 1,451
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.424 x 2.871 x 1.714 x 2.555 x 6.218 x 8.98 x
Free Cash Flow 1 -1,015 -149 774 -189 -684 323
ROE (net income / shareholders' equity) 10.6% 12.1% 5.87% 5.98% -2.36% -17%
ROA (Net income/ Total Assets) 3.85% 3.66% 1.3% 3.37% 0.86% -0.03%
Assets 1 5,801 6,677 12,358 4,517 -4,996 13,34,817
Book Value Per Share 2 2.480 2.550 3.160 3.080 3.020 1.700
Cash Flow per Share 2 0.5100 0.5300 0.8100 0.3400 0.2700 0.1000
Capex 1 552 504 585 475 335 106
Capex / Sales 52.56% 45.23% 69.02% 39.66% 33.45% 10.2%
Announcement Date 17/04/19 24/04/20 09/04/21 29/04/22 22/04/23 29/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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