HENGDIAN ENTERTAINMENT CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.84 CNY | -1.00% |
|
-1.21% | -22.16% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,929 | 11,955 | 8,378 | 9,348 | 11,276 | 8,777 | - | - |
| Enterprise Value (EV) 1 | 11,640 | 11,613 | 7,957 | 9,348 | 11,276 | 8,777 | 8,777 | 8,777 |
| P/E ratio | 38.4 x | -24.8 x | 661 x | -29.5 x | 68.4 x | 24.1 x | 20.7 x | 16.9 x |
| Yield | 0.91% | - | - | - | - | - | - | - |
| Capitalization / Revenue | 4.24 x | 12.1 x | 3.54 x | 6.55 x | 4.8 x | 3.14 x | 2.83 x | 2.56 x |
| EV / Revenue | 4.24 x | 12.1 x | 3.54 x | 6.55 x | 4.8 x | 3.14 x | 2.83 x | 2.56 x |
| EV / EBITDA | 21.8 x | -59.8 x | 24.9 x | -1,314 x | 15.2 x | 10.3 x | 9.16 x | 10 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 5 x | 6.38 x | 5.62 x | 7.96 x | 8.41 x | 5.14 x | 4.13 x | 3.31 x |
| Nbr of stocks (in thousands) | 6,34,200 | 6,34,200 | 6,34,200 | 6,34,200 | 6,34,200 | 6,34,200 | - | - |
| Reference price 2 | 18.81 | 18.85 | 13.21 | 14.74 | 17.78 | 13.84 | 13.84 | 13.84 |
| Announcement Date | 12/03/20 | 15/03/21 | 18/02/22 | 09/03/23 | 07/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,814 | 989.7 | 2,366 | 1,427 | 2,349 | 2,796 | 3,097 | 3,427 |
| EBITDA 1 | 546.1 | -199.8 | 335.8 | -7.114 | 740.9 | 849.5 | 958 | 876 |
| EBIT 1 | 367.5 | -542.3 | 10.68 | -335.9 | 155.9 | 402 | 502 | 550 |
| Operating Margin | 13.06% | -54.79% | 0.45% | -23.54% | 6.64% | 14.38% | 16.21% | 16.05% |
| Earnings before Tax (EBT) 1 | 408.7 | -511.7 | 29.55 | -317.2 | 176.8 | 412 | 512 | 570 |
| Net income 1 | 309.5 | -480.5 | 13.67 | -317.4 | 165.9 | 365 | 425 | 519 |
| Net margin | 11% | -48.55% | 0.58% | -22.25% | 7.06% | 13.05% | 13.72% | 15.14% |
| EPS 2 | 0.4900 | -0.7600 | 0.0200 | -0.5000 | 0.2600 | 0.5750 | 0.6700 | 0.8200 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share | 0.1710 | - | - | - | - | - | - | - |
| Announcement Date | 12/03/20 | 15/03/21 | 18/02/22 | 09/03/23 | 07/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 679.8 | 153.1 | 832.8 | 392.7 | 742.2 | 429.5 | 781.5 | 842.4 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income 1 | -306.5 | 75.49 | -143.7 | -68.24 | -38.21 | 149.3 | -36.49 | 123 | 218.7 |
| Net margin | - | 11.11% | -93.9% | -8.19% | -9.73% | 20.12% | -8.5% | 15.74% | 25.96% |
| EPS | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 28/08/20 | 29/04/22 | 19/08/22 | 19/08/22 | 28/10/22 | 28/04/23 | 17/08/23 | 20/10/23 | 19/04/24 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | 289 | 342 | 421 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 13.5% | -21.4% | 0.92% | -23.8% | 13.2% | 22.8% | 21% | 19.6% |
| ROA (Net income/ Total Assets) | 9.27% | -12.3% | 0.3% | - | 3.69% | 7.65% | 7.95% | 8.5% |
| Assets 1 | 3,338 | 3,898 | 4,495 | - | 4,493 | 4,771 | 5,346 | 6,106 |
| Book Value Per Share 2 | 3.760 | 2.960 | 2.350 | 1.850 | 2.110 | 2.690 | 3.360 | 4.180 |
| Cash Flow per Share 2 | 0.9200 | -0.0200 | 1.030 | 0.4900 | 1.180 | 1.370 | 1.450 | 1.390 |
| Capex 1 | 419 | 217 | 356 | 202 | 202 | 172 | 211 | 50 |
| Capex / Sales | 14.88% | 21.96% | 15.05% | 14.15% | 8.62% | 6.15% | 6.81% | 1.46% |
| Announcement Date | 12/03/20 | 15/03/21 | 18/02/22 | 09/03/23 | 07/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
13.84
CNY
Average target price
18.12
CNY
Spread / Average Target
+30.96%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -22.16% | 1.21B | |
| -7.14% | 3.63B | |
| +53.44% | 2.59B | |
| -18.63% | 1.83B | |
| -13.97% | 1.68B | |
| -4.99% | 1.26B | |
| -.--% | 1.22B | |
| -14.81% | 1.17B | |
| -23.83% | 975M | |
| -.--% | 818M |
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