Financials Healthcare Co.,Ltd.

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
8.58 ^CNY	-0.92%		+2.26%	-18.29%

29/04	Healthcare Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
20/03	Biggest cyberattacks in US healthcare sector	RE

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	5,042	6,803	12,052	8,422	5,144	4,896	4,896	-
Enterprise Value (EV) ¹	5,042	7,473	12,920	10,421	7,332	7,465	9,032	7,071
P/E ratio	26.9 x	18.7 x	29.5 x	-30.4 x	118 x	47.7 x	12 x	8.3 x
Yield	1.9%	-	1.08%	-	-	-	1.52%	2.27%
Capitalization / Revenue	1.65 x	1.78 x	1.85 x	1.03 x	0.64 x	0.75 x	0.52 x	0.44 x
EV / Revenue	1.65 x	1.95 x	1.98 x	1.28 x	0.91 x	0.94 x	0.96 x	0.64 x
EV / EBITDA	16.8 x	13 x	18.1 x	170 x	17 x	13.3 x	8.57 x	5.72 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2.94 x	3.02 x	3.42 x	2.9 x	1.73 x	1.54 x	1.15 x	1.05 x
Nbr of stocks (in thousands)	4,05,600	4,18,934	4,83,287	4,86,548	4,85,299	5,70,587	5,70,587	-
Reference price ²	12.43	16.24	24.94	17.31	10.60	8.580	8.580	8.580
Announcement Date	29/03/19	27/04/20	29/04/21	29/04/22	13/04/23	26/04/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	3,049	3,832	6,530	8,139	8,017	7,976	9,447	11,088
EBITDA ¹	300.4	572.9	715.4	61.29	431.1	559.4	1,054	1,236
EBIT ¹	241.8	496	515.3	-207.8	96.82	168.4	598.1	855
Operating Margin	7.93%	12.94%	7.89%	-2.55%	1.21%	2.11%	6.33%	7.71%
Earnings before Tax (EBT) ¹	241.7	493.3	474.6	-274.2	81.37	164.5	587.2	813.4
Net income ¹	186.1	373.7	378.6	-275.5	41.36	106.6	404.9	558.6
Net margin	6.1%	9.75%	5.8%	-3.39%	0.52%	1.34%	4.29%	5.04%
EPS ²	0.4615	0.8692	0.8462	-0.5700	0.0900	0.2200	0.7140	1.034
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	0.2367	-	0.2692	-	-	-	0.1300	0.1950
Announcement Date	29/03/19	27/04/20	29/04/21	29/04/22	13/04/23	26/04/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	670	867	1,999	2,188	1,474	4,136	2,176
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	1.17 x	1.212 x	32.61 x	5.075 x	2.635 x	3.926 x	1.76 x
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	11.4%	18.3%	14.2%	-8.44%	1.4%	3.41%	9.53%	12.3%
ROA (Net income/ Total Assets)	-	9.35%	-	-	-	3%	4.06%	5.15%
Assets ¹	-	3,998	-	-	-	6,700	9,965	10,846
Book Value Per Share ²	4.230	5.380	7.300	5.970	6.140	6.810	7.460	8.160
Cash Flow per Share ²	0.4300	0.3000	1.200	0.1400	1.170	1.610	2.220	1.690
Capex ¹	416	780	886	530	615	411	550	485
Capex / Sales	13.65%	20.36%	13.58%	6.51%	7.68%	5.15%	5.82%	4.37%
Announcement Date	29/03/19	27/04/20	29/04/21	29/04/22	13/04/23	26/04/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8.58 CNY

Average target price

12.8 CNY

Spread / Average Target

+49.18%

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