LAO FENG XIANG CO., LTD. Financials Lao Feng Xiang Co., Ltd. Shanghai S.E.
Equities
900905
CNE0000004K3
Apparel & Accessories
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.886 USD | +2.72% |
|
-2.41% | +12.61% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 19,790 | 18,272 | 19,001 | 17,728 | 26,922 | 28,865 | - | - |
| Enterprise Value (EV) 1 | 23,571 | 20,801 | 21,144 | 20,556 | 24,471 | 26,473 | 25,303 | 24,102 |
| P/E ratio | 17.7 x | 15 x | 12.8 x | 13.2 x | 16.3 x | 14.8 x | 13.1 x | 12 x |
| Yield | 2.42% | 2.76% | 3.16% | 3.41% | 2.83% | 2.95% | 2.94% | 3.3% |
| Capitalization / Revenue | 0.4 x | 0.35 x | 0.32 x | 0.28 x | 0.38 x | 0.36 x | 0.32 x | 0.3 x |
| EV / Revenue | 0.47 x | 0.4 x | 0.36 x | 0.33 x | 0.34 x | 0.33 x | 0.28 x | 0.25 x |
| EV / EBITDA | 9.28 x | 7.26 x | 6.41 x | 6.65 x | 6.04 x | 5.42 x | 4.71 x | 4.13 x |
| EV / FCF | -18.4 x | 8.09 x | 10.2 x | 23.1 x | 3.46 x | 7.98 x | 12.7 x | 5.86 x |
| FCF Yield | -5.43% | 12.4% | 9.79% | 4.33% | 28.9% | 12.5% | 7.89% | 17.1% |
| Price to Book | 3.55 x | 2.98 x | 2.61 x | 2.21 x | 3.12 x | 2.91 x | 2.57 x | 2.28 x |
| Nbr of stocks (in thousands) | 5,23,118 | 5,23,118 | 5,23,118 | 5,23,118 | 5,23,118 | 5,23,118 | - | - |
| Reference price 2 | 47.61 | 45.33 | 45.85 | 42.80 | 69.00 | 72.73 | 72.73 | 72.73 |
| Announcement Date | 16/03/20 | 03/03/21 | 02/03/22 | 02/03/23 | 04/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 49,629 | 51,722 | 58,691 | 63,010 | 71,436 | 79,380 | 89,135 | 95,646 |
| EBITDA 1 | 2,539 | 2,865 | 3,300 | 3,092 | 4,052 | 4,880 | 5,370 | 5,836 |
| EBIT 1 | 2,462 | 2,797 | 3,232 | 3,017 | 3,968 | 4,587 | 5,138 | 5,615 |
| Operating Margin | 4.96% | 5.41% | 5.51% | 4.79% | 5.55% | 5.78% | 5.76% | 5.87% |
| Earnings before Tax (EBT) 1 | 2,493 | 2,794 | 3,242 | 3,028 | 3,979 | 4,572 | 5,130 | 5,606 |
| Net income 1 | 1,408 | 1,586 | 1,876 | 1,700 | 2,214 | 2,565 | 2,896 | 3,174 |
| Net margin | 2.84% | 3.07% | 3.2% | 2.7% | 3.1% | 3.23% | 3.25% | 3.32% |
| EPS 2 | 2.692 | 3.032 | 3.587 | 3.250 | 4.233 | 4.902 | 5.535 | 6.067 |
| Free Cash Flow 1 | -1,281 | 2,573 | 2,070 | 890.6 | 7,063 | 3,318 | 1,997 | 4,114 |
| FCF margin | -2.58% | 4.97% | 3.53% | 1.41% | 9.89% | 4.18% | 2.24% | 4.3% |
| FCF Conversion (EBITDA) | - | 89.78% | 62.74% | 28.8% | 174.32% | 67.99% | 37.19% | 70.5% |
| FCF Conversion (Net income) | - | 162.21% | 110.34% | 52.38% | 318.96% | 129.35% | 68.95% | 129.6% |
| Dividend per Share 2 | 1.150 | 1.250 | 1.450 | 1.460 | 1.950 | 2.148 | 2.138 | 2.401 |
| Announcement Date | 16/03/20 | 03/03/21 | 02/03/22 | 02/03/23 | 04/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | - | - | 40,344 | - | 9,370 | 25,630 | 18,700 | 26,800 | 13,800 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | 1,273 | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | 3.16% | - | - | - | - | - | - |
| EPS 2 | 0.7772 | 0.8901 | 0.6600 | 1.369 | 1.060 | - | 1.330 | 0.4700 | 1.533 | 1.150 | 1.430 | 0.4600 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 28/04/22 | 27/10/22 | 02/03/23 | 27/04/23 | 27/08/23 | 27/08/23 | 26/10/23 | 04/03/24 | 30/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,782 | 2,529 | 2,144 | 2,828 | - | - | - | - |
| Net Cash position 1 | - | - | - | - | 2,450 | 2,392 | 3,562 | 4,763 |
| Leverage (Debt/EBITDA) | 1.49 x | 0.8825 x | 0.6496 x | 0.9146 x | - | - | - | - |
| Free Cash Flow 1 | -1,281 | 2,573 | 2,070 | 891 | 7,063 | 3,318 | 1,997 | 4,114 |
| ROE (net income / shareholders' equity) | 21.2% | 21% | 21.7% | 17.4% | 20.5% | 20.2% | 20.2% | 19.8% |
| ROA (Net income/ Total Assets) | 8.62% | 8.63% | 8.97% | 7.04% | - | 9.7% | 9.43% | 10.2% |
| Assets 1 | 16,336 | 18,372 | 20,919 | 24,140 | - | 26,449 | 30,726 | 30,997 |
| Book Value Per Share 2 | 13.40 | 15.20 | 17.60 | 19.40 | 22.10 | 25.00 | 28.40 | 31.80 |
| Cash Flow per Share 2 | -2.400 | 4.490 | 3.800 | 1.840 | 13.80 | 5.160 | 6.820 | 7.180 |
| Capex 1 | 26.7 | 36.5 | 55.2 | 73.5 | 149 | 106 | 85.3 | 100 |
| Capex / Sales | 0.05% | 0.07% | 0.09% | 0.12% | 0.21% | 0.13% | 0.1% | 0.11% |
| Announcement Date | 16/03/20 | 03/03/21 | 02/03/22 | 02/03/23 | 04/03/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
72.73
CNY
Average target price
82.24
CNY
Spread / Average Target
+13.07%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +29.68% | 9.89TCr | |
| -6.32% | 3.66TCr | |
| +19.86% | 1.31TCr | |
| -16.01% | 1.25TCr | |
| +9.12% | 249.68Cr | |
| +7.05% | 243.41Cr | |
| -8.87% | 145.65Cr | |
| -28.45% | 116.47Cr | |
| -23.73% | 99Cr |
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