Financials Labixiaoxin Snacks Group Limited

Equities

1262

BMG5546K1080

Food Processing

Market Closed - Hong Kong S.E. 01:38:22 29/04/2024 pm IST 5-day change 1st Jan Change
0.146 HKD -9.88% Intraday chart for Labixiaoxin Snacks Group Limited -8.75% -22.34%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 520.3 595.1 356.3 266.2 552.3 299.3
Enterprise Value (EV) 1 1,253 1,308 1,037 698.1 1,037 739.9
P/E ratio -1.8 x -3.2 x -2.06 x -9.05 x -8.31 x -3.97 x
Yield - - - - - -
Capitalization / Revenue 0.58 x 1.18 x 0.76 x 0.52 x 0.85 x 0.44 x
EV / Revenue 1.39 x 2.6 x 2.22 x 1.37 x 1.6 x 1.08 x
EV / EBITDA -36.1 x 31.2 x 21.1 x 26.3 x 13.9 x 41.4 x
EV / FCF -7.15 x 8.92 x -6.73 x 37.2 x -15.6 x 18 x
FCF Yield -14% 11.2% -14.9% 2.69% -6.42% 5.57%
Price to Book 0.61 x 0.89 x 0.72 x 0.57 x 1.37 x 0.91 x
Nbr of stocks (in thousands) 13,28,977 13,28,977 13,28,977 13,28,977 13,28,977 13,28,977
Reference price 2 0.3915 0.4478 0.2681 0.2003 0.4156 0.2252
Announcement Date 26/04/18 29/04/19 27/05/20 29/04/21 20/05/22 27/04/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 902.8 502.8 466.6 508.8 648.1 684.3
EBITDA 1 -34.68 41.86 49.15 26.53 74.44 17.87
EBIT 1 -114.5 -31.15 -25.2 -22.4 33.43 -19.92
Operating Margin -12.69% -6.19% -5.4% -4.4% 5.16% -2.91%
Earnings before Tax (EBT) 1 -327.9 -191.9 -153.3 15.98 17 -67.67
Net income 1 -289.4 -179.6 -170.1 -29.4 -65.2 -75.33
Net margin -32.06% -35.72% -36.46% -5.78% -10.06% -11.01%
EPS 2 -0.2178 -0.1400 -0.1300 -0.0221 -0.0500 -0.0567
Free Cash Flow 1 -175.2 146.6 -154.2 18.78 -66.57 41.22
FCF margin -19.41% 29.15% -33.04% 3.69% -10.27% 6.02%
FCF Conversion (EBITDA) - 350.16% - 70.78% - 230.69%
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 26/04/18 29/04/19 27/05/20 29/04/21 20/05/22 27/04/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 733 712 681 432 485 441
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -21.14 x 17.02 x 13.85 x 16.28 x 6.515 x 24.66 x
Free Cash Flow 1 -175 147 -154 18.8 -66.6 41.2
ROE (net income / shareholders' equity) -29.1% -23.7% -29.2% -6.09% -15% -20.6%
ROA (Net income/ Total Assets) -3.38% -1.05% -0.99% -0.93% 1.48% -1.1%
Assets 1 8,551 17,026 17,178 3,166 -4,399 6,860
Book Value Per Share 2 0.6400 0.5000 0.3700 0.3500 0.3000 0.2500
Cash Flow per Share 2 0.0500 0.0200 0.0200 0.1900 0.0600 0.0500
Capex 1 125 14.7 11 9.11 21.6 20.4
Capex / Sales 13.83% 2.92% 2.37% 1.79% 3.33% 2.99%
Announcement Date 26/04/18 29/04/19 27/05/20 29/04/21 20/05/22 27/04/23
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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