Financials Sanxiang Impression Co., Ltd.

Equities

000863

CNE000000T00

Real Estate Development & Operations

End-of-day quote Shenzhen S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
3.09 CNY -3.13% Intraday chart for Sanxiang Impression Co., Ltd. +5.82% -21.77%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,362 6,266 5,372 4,168 5,131 4,664
Enterprise Value (EV) 1 8,823 7,951 5,418 3,899 5,176 4,668
P/E ratio -11.8 x 22.1 x 19.8 x 35.3 x 142 x 3,950 x
Yield - - 17.6% 2.83% - -
Capitalization / Revenue 3.28 x 3.15 x 1.1 x 1.39 x 3.8 x 4.22 x
EV / Revenue 5.4 x 4 x 1.11 x 1.3 x 3.84 x 4.22 x
EV / EBITDA 21.4 x 21.7 x 12.3 x 15.2 x 24.5 x 52.3 x
EV / FCF 7.05 x 3.84 x 2.06 x 4.04 x -33.1 x 27.1 x
FCF Yield 14.2% 26% 48.4% 24.8% -3.02% 3.69%
Price to Book 0.95 x 1.07 x 1.09 x 0.91 x 1.15 x 1.43 x
Nbr of stocks (in thousands) 13,71,271 13,50,433 11,80,700 11,80,700 12,04,370 11,80,700
Reference price 2 3.910 4.640 4.550 3.530 4.260 3.950
Announcement Date 29/04/19 23/04/20 25/04/21 06/04/22 24/04/23 22/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,633 1,988 4,889 3,006 1,349 1,105
EBITDA 1 412.2 366.2 442.2 256.3 211.1 89.22
EBIT 1 390.8 313.8 392.1 212.4 159.9 40.72
Operating Margin 23.93% 15.79% 8.02% 7.07% 11.86% 3.68%
Earnings before Tax (EBT) 1 -338.8 345.4 293.2 136.7 100.8 -24.9
Net income 1 -455.6 282.1 299.7 113.5 29.95 1.236
Net margin -27.9% 14.19% 6.13% 3.77% 2.22% 0.11%
EPS 2 -0.3300 0.2100 0.2300 0.1000 0.0300 0.001000
Free Cash Flow 1 1,251 2,070 2,624 966 -156.5 172.3
FCF margin 76.63% 104.14% 53.67% 32.13% -11.61% 15.59%
FCF Conversion (EBITDA) 303.58% 565.24% 593.42% 376.92% - 193.1%
FCF Conversion (Net income) - 733.75% 875.7% 851.34% - 13,940.96%
Dividend per Share - - 0.8000 0.1000 - -
Announcement Date 29/04/19 23/04/20 25/04/21 06/04/22 24/04/23 22/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3,462 1,685 45.5 - 45.4 3.79
Net Cash position 1 - - - 269 - -
Leverage (Debt/EBITDA) 8.398 x 4.602 x 0.1029 x - 0.2149 x 0.0425 x
Free Cash Flow 1 1,251 2,070 2,624 966 -157 172
ROE (net income / shareholders' equity) -8.36% 3.74% 4.02% 0.62% 0.15% -1.03%
ROA (Net income/ Total Assets) 1.87% 1.52% 2.18% 1.59% 1.43% 0.37%
Assets 1 -24,358 18,603 13,752 7,159 2,099 338.5
Book Value Per Share 2 4.120 4.330 4.160 3.860 3.710 2.770
Cash Flow per Share 2 0.5000 0.4900 1.150 0.9300 0.7000 0.4400
Capex 1 56.8 13.6 3.59 3.08 2.07 4.43
Capex / Sales 3.48% 0.69% 0.07% 0.1% 0.15% 0.4%
Announcement Date 29/04/19 23/04/20 25/04/21 06/04/22 24/04/23 22/04/24
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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