Financials Lafang China Co.,Ltd

Equities

603630

CNE100002YH6

Personal Products

End-of-day quote Shanghai S.E. 03:30:00 10/05/2024 am IST 5-day change 1st Jan Change
12.9 CNY -2.86% Intraday chart for Lafang China Co.,Ltd +4.45% -15.69%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,970 3,022 3,617 4,556 3,528 3,446
Enterprise Value (EV) 1 1,851 1,866 2,447 3,451 2,375 3,446
P/E ratio 23.4 x 61.4 x 31.1 x 65 x 60.3 x 52.8 x
Yield 3.05% 0.96% 0.56% - 0.83% -
Capitalization / Revenue 3.08 x 3.13 x 3.68 x 4.14 x 3.98 x 4.01 x
EV / Revenue 1.92 x 1.93 x 2.49 x 3.13 x 2.68 x 4.01 x
EV / EBITDA 15 x 86.3 x 38.6 x -539 x 62.8 x 29.5 x
EV / FCF -31.9 x 7.18 x 200 x -175 x 28.4 x -
FCF Yield -3.14% 13.9% 0.5% -0.57% 3.52% -
Price to Book 1.65 x 1.75 x 2 x 2.14 x 1.83 x -
Nbr of stocks (in thousands) 2,26,720 2,23,851 2,23,851 2,26,085 2,24,877 2,25,205
Reference price 2 13.10 13.50 16.16 20.15 15.69 15.30
Announcement Date 26/04/19 28/04/20 28/04/21 28/04/23 28/04/23 29/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 964.1 964.8 983.8 1,101 887.1 859.8
EBITDA 1 123.3 21.63 63.39 -6.404 37.81 116.9
EBIT 1 109.3 8.806 50.13 -20.54 24.38 103.9
Operating Margin 11.33% 0.91% 5.09% -1.87% 2.75% 12.08%
Earnings before Tax (EBT) 1 154.3 55.05 123.8 61.4 61 70.86
Net income 1 127.2 49.63 117 69.05 59.23 65.5
Net margin 13.19% 5.14% 11.89% 6.27% 6.68% 7.62%
EPS 2 0.5600 0.2200 0.5200 0.3100 0.2600 0.2900
Free Cash Flow 1 -58.09 259.7 12.24 -19.69 83.61 -
FCF margin -6.03% 26.92% 1.24% -1.79% 9.43% -
FCF Conversion (EBITDA) - 1,200.87% 19.32% - 221.17% -
FCF Conversion (Net income) - 523.36% 10.47% - 141.16% -
Dividend per Share 2 0.4000 0.1300 0.0900 - 0.1300 -
Announcement Date 26/04/19 28/04/20 28/04/21 28/04/23 28/04/23 29/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,119 1,156 1,170 1,105 1,153 -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -58.1 260 12.2 -19.7 83.6 -
ROE (net income / shareholders' equity) 7.34% 2.85% 6.27% 3.02% 2.99% -
ROA (Net income/ Total Assets) 3.52% 0.28% 1.58% -0.62% 0.72% -
Assets 1 3,609 17,693 7,410 -11,106 8,260 -
Book Value Per Share 2 7.940 7.700 8.060 9.410 8.590 -
Cash Flow per Share 2 4.280 5.140 5.060 5.580 5.100 -
Capex 1 12.8 17.3 88.1 11.4 18.5 40.9
Capex / Sales 1.33% 1.79% 8.96% 1.04% 2.08% 4.76%
Announcement Date 26/04/19 28/04/20 28/04/21 28/04/23 28/04/23 29/04/24
1CNY in Million2CNY
Estimates
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