MUYUAN FOODS CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 44.44 CNY | +0.32% |
|
+2.21% | +7.92% |
| 26/04 | Muyuan Foods Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 09/04 | Muyuan Foods' Pig Sales Revenue Jumps in March | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 59,950 | 1,91,955 | 2,88,934 | 2,80,799 | 2,66,774 | 2,41,020 | 2,41,020 | - |
| Enterprise Value (EV) 1 | 59,950 | 1,89,495 | 3,05,655 | 3,21,192 | 3,04,405 | 2,78,560 | 2,19,234 | 2,13,064 |
| P/E ratio | 169 x | 31.5 x | 10.4 x | 41.7 x | 19.9 x | -52.1 x | 15.2 x | 8.56 x |
| Yield | 0.17% | 0.62% | 1.89% | 0.46% | 1.51% | 0.1% | 1.95% | 3.17% |
| Capitalization / Revenue | 4.48 x | 9.49 x | 5.13 x | 3.56 x | 2.14 x | 2.01 x | 1.69 x | 1.46 x |
| EV / Revenue | 4.48 x | 9.37 x | 5.43 x | 4.07 x | 2.44 x | 2.51 x | 1.53 x | 1.29 x |
| EV / EBITDA | 33.1 x | 23.7 x | 8.98 x | 20.4 x | 11.7 x | 31.1 x | 6.51 x | 4.57 x |
| EV / FCF | - | - | - | -16.4 x | 41.6 x | -39.4 x | 13.8 x | 7.53 x |
| FCF Yield | - | - | - | -6.08% | 2.4% | -2.54% | 7.25% | 13.3% |
| Price to Book | 6.1 x | 9.3 x | 6.03 x | 5.52 x | 3.77 x | 3.64 x | 3.32 x | 2.28 x |
| Nbr of stocks (in thousands) | 49,62,857 | 51,45,317 | 52,46,525 | 52,62,359 | 54,72,284 | 54,23,482 | 54,23,482 | - |
| Reference price 2 | 12.08 | 37.31 | 55.07 | 53.36 | 48.75 | 44.44 | 44.44 | 44.44 |
| Announcement Date | 27/02/19 | 26/02/20 | 15/04/21 | 29/04/22 | 27/04/23 | 26/04/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,388 | 20,221 | 56,277 | 78,890 | 1,24,826 | 1,10,861 | 1,42,902 | 1,65,037 |
| EBITDA 1 | 1,809 | 7,999 | 34,039 | 15,782 | 26,069 | 8,950 | 33,656 | 46,605 |
| EBIT 1 | 524 | 6,315 | 30,424 | 7,668 | 14,854 | -3,732 | 18,460 | 31,520 |
| Operating Margin | 3.91% | 31.23% | 54.06% | 9.72% | 11.9% | -3.37% | 12.92% | 19.1% |
| Earnings before Tax (EBT) 1 | 526.1 | 6,319 | 30,373 | 7,611 | 14,930 | -4,170 | 19,705 | 31,918 |
| Net income 1 | 520.2 | 6,114 | 27,451 | 6,904 | 13,266 | -4,263 | 17,213 | 30,026 |
| Net margin | 3.89% | 30.24% | 48.78% | 8.75% | 10.63% | -3.85% | 12.05% | 18.19% |
| EPS 2 | 0.0714 | 1.185 | 5.279 | 1.280 | 2.450 | -0.7900 | 2.925 | 5.194 |
| Free Cash Flow 1 | - | - | - | -19,543 | 7,317 | -7,065 | 15,884 | 28,300 |
| FCF margin | - | - | - | -24.77% | 5.86% | -6.37% | 11.12% | 17.15% |
| FCF Conversion (EBITDA) | - | - | - | - | 28.07% | - | 47.2% | 60.72% |
| FCF Conversion (Net income) | - | - | - | - | 55.16% | - | 92.28% | 94.25% |
| Dividend per Share 2 | 0.0210 | 0.2311 | 1.044 | 0.2480 | 0.7360 | 0.0458 | 0.8675 | 1.409 |
| Announcement Date | 27/02/19 | 26/02/20 | 15/04/21 | 29/04/22 | 27/04/23 | 26/04/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 22,608 | - | 25,990 | 36,506 | - | 27,671 | 31,100 | 27,892 | - | - | - |
| EBITDA | 435.9 | - | - | - | - | - | - | - | - | - | - |
| EBIT | -2,091 | - | -1,706 | 9,188 | - | - | - | -2,309 | - | - | - |
| Operating Margin | -9.25% | - | -6.56% | 25.17% | - | - | - | -8.28% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | -2,421 | - | - | - |
| Net margin | - | - | - | - | - | - | - | -8.68% | - | - | - |
| EPS | -0.3800 | - | -0.2900 | 1.570 | 2.160 | - | - | -0.4500 | - | - | - |
| Dividend per Share 1 | 0.2500 | - | - | - | - | - | - | - | - | - | 1.082 |
| Announcement Date | 29/04/22 | 30/05/22 | 30/08/22 | 24/10/22 | 27/04/23 | 17/08/23 | 27/10/23 | 26/04/24 | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 16,722 | 40,392 | 37,631 | 55,221 | - | - |
| Net Cash position 1 | - | 2,460 | - | - | - | 11,100 | 21,786 | 27,956 |
| Leverage (Debt/EBITDA) | - | - | 0.4912 x | 2.559 x | 1.444 x | 6.17 x | - | - |
| Free Cash Flow 1 | - | - | - | -19,543 | 7,317 | -7,065 | 15,884 | 28,300 |
| ROE (net income / shareholders' equity) | 2.84% | 35.3% | 74.4% | 12.9% | 21% | -6.38% | 19% | 26.5% |
| ROA (Net income/ Total Assets) | 1.93% | 14.8% | 31.3% | 4.6% | 7.17% | -1.63% | 7.5% | 12.5% |
| Assets 1 | 26,943 | 41,364 | 87,757 | 1,49,947 | 1,85,101 | 1,97,652 | 2,29,509 | 2,39,583 |
| Book Value Per Share 2 | 1.980 | 4.010 | 9.140 | 9.670 | 12.90 | 11.30 | 13.40 | 19.50 |
| Cash Flow per Share 2 | 0.2700 | 1.940 | 4.420 | 3.100 | 4.200 | 1.810 | 6.310 | 7.240 |
| Capex 1 | 5,038 | 13,036 | 46,062 | 35,838 | 15,693 | 16,958 | 10,817 | 12,096 |
| Capex / Sales | 37.63% | 64.47% | 81.85% | 45.43% | 12.57% | 15.3% | 7.57% | 7.33% |
| Announcement Date | 27/02/19 | 26/02/20 | 15/04/21 | 29/04/22 | 27/04/23 | 26/04/24 | - | - |
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
44.44
CNY
Average target price
52.03
CNY
Spread / Average Target
+17.07%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.92% | 33.26B | |
| +3.73% | 3.55B | |
| +17.41% | 2.59B | |
| -16.08% | 1.53B | |
| -27.55% | 806M | |
| -19.76% | 736M | |
| -17.94% | 705M | |
| 0.00% | 75.31M | |
| -2.81% | 74.7M |
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