Financials Guangzhou Holike Creative Home Co.,Ltd.

Equities

603898

CNE100001V86

Home Furnishings

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 15/05/2024 am IST			5-day change	1st Jan Change
8.89 ^CNY	+0.57%		+2.18%	-18.96%

09/05	Holike Creative Home to Jointly Set Up 200 Million Yuan Fund With Fangyuan Jinding Investment Management	MT
26/04	Guangzhou Holike Creative Home 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	5,059	4,840	3,680	3,398	3,293	2,876	-	-
Enterprise Value (EV) ¹	5,082	4,770	4,109	3,753	3,450	3,802	2,918	3,212
P/E ratio	14.1 x	18.7 x	49 x	9.76 x	15.7 x	12.1 x	10.6 x	9.41 x
Yield	2.23%	0.86%	0.54%	6.35%	1.91%	2.65%	2.92%	3.06%
Capitalization / Revenue	2.27 x	2.22 x	1.09 x	1.2 x	1.45 x	1.17 x	1.07 x	0.98 x
EV / Revenue	2.28 x	2.18 x	1.22 x	1.33 x	1.52 x	1.55 x	1.09 x	1.1 x
EV / EBITDA	9.78 x	10.8 x	19.4 x	5.39 x	9.04 x	9.28 x	6.5 x	6.92 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	1.98 x	1.5 x	1.2 x	1.14 x	0.85 x	0.79 x	0.73 x
Nbr of stocks (in thousands)	3,09,601	3,00,273	3,00,161	3,00,168	3,00,168	3,11,284	-	-
Reference price ²	16.34	16.12	12.26	11.32	10.97	8.890	8.890	8.890
Announcement Date	21/04/20	14/04/21	27/04/22	25/04/23	26/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,225	2,183	3,371	2,823	2,265	2,460	2,686	2,921
EBITDA ¹	519.4	441.7	212	696.7	381.8	409.8	448.9	464.4
EBIT ¹	414.6	315.3	-8.011	517.1	228.9	269.1	304	325
Operating Margin	18.63%	14.44%	-0.24%	18.32%	10.1%	10.94%	11.32%	11.13%
Earnings before Tax (EBT) ¹	417.2	311.3	-4.412	507.1	226.6	264.7	299.8	319.8
Net income ¹	364.5	276.1	65.31	431.1	217.2	227.4	261.4	300.3
Net margin	16.38%	12.65%	1.94%	15.27%	9.59%	9.24%	9.73%	10.28%
EPS ²	1.160	0.8600	0.2500	1.160	0.7000	0.7371	0.8370	0.9444
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.3650	0.1380	0.0660	0.7190	0.2100	0.2356	0.2595	0.2718
Announcement Date	21/04/20	14/04/21	27/04/22	25/04/23	26/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 S1	2021 Q4	2022 Q3
Net sales ¹	1,492	942.3	725.8
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income	138.1	-168.5	-
Net margin	9.26%	-17.88%	-
EPS	-	-	-
Dividend per Share	-	-	-
Announcement Date	23/08/21	27/04/22	24/10/22

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	23	-	429	356	157	925	42	336
Net Cash position ¹	-	70.8	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.0443 x	-	2.023 x	0.5103 x	0.4116 x	2.258 x	0.0936 x	0.7239 x
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	15.1%	10.7%	2.46%	15.1%	7.12%	6.92%	7.34%	7.57%
ROA (Net income/ Total Assets)	11.1%	6.22%	1.23%	8.76%	-	5.3%	5.7%	-
Assets ¹	3,293	4,437	5,314	4,922	-	4,290	4,587	-
Book Value Per Share ²	-	8.160	8.180	9.460	9.640	10.50	11.20	12.10
Cash Flow per Share ²	1.300	1.790	0.9500	1.100	1.490	0.9600	2.160	0.9700
Capex ¹	487	351	220	180	37	189	156	30
Capex / Sales	21.87%	16.06%	6.53%	6.39%	1.63%	7.7%	5.82%	1.03%
Announcement Date	21/04/20	14/04/21	27/04/22	25/04/23	26/04/24	-	-	-

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

Ratings for Guangzhou Holike Creative Home Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

8.89 CNY

Average target price

9.94 CNY

Spread / Average Target

+11.81%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Furniture

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SHEELA FOAM LIMITED	-25.48%	1.2B
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Furniture