TOLY BREAD CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.98 CNY | +2.93% |
|
-1.64% | -21.93% |
| 18/04 | Toly Bread Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 21/03 | Toly Bread's 2023 Profit Falls 10% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 27,963 | 40,126 | 27,009 | 20,504 | 12,243 | 9,566 | - | - |
| Enterprise Value (EV) 1 | 27,963 | 39,616 | 26,896 | 20,846 | 12,243 | 9,566 | 9,566 | 9,566 |
| P/E ratio | 40.9 x | 44.4 x | 35.4 x | 32.1 x | 21.3 x | 16.2 x | 12.9 x | 13.2 x |
| Yield | 2.36% | 1.69% | 2.11% | 2.6% | 2.35% | 3.43% | 4.28% | 4.18% |
| Capitalization / Revenue | 4.95 x | 6.73 x | 4.26 x | 3.07 x | 1.81 x | 1.34 x | 1.21 x | 1.18 x |
| EV / Revenue | 4.95 x | 6.73 x | 4.26 x | 3.07 x | 1.81 x | 1.34 x | 1.21 x | 1.18 x |
| EV / EBITDA | 27.3 x | 31.5 x | 23.8 x | 20.7 x | 12.7 x | 9.22 x | 7.65 x | 7.72 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 7.47 x | 8.32 x | 5.47 x | 4.08 x | 2.41 x | 1.78 x | 1.63 x | 1.58 x |
| Nbr of stocks (in thousands) | 15,49,677 | 15,96,874 | 15,97,687 | 15,97,687 | 15,98,268 | 15,99,719 | - | - |
| Reference price 2 | 18.04 | 25.13 | 16.90 | 12.83 | 7.660 | 5.980 | 5.980 | 5.980 |
| Announcement Date | 10/01/20 | 11/01/21 | 11/01/22 | 11/01/23 | 01/02/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,644 | 5,963 | 6,335 | 6,686 | 6,759 | 7,138 | 7,924 | 8,098 |
| EBITDA 1 | 1,026 | 1,273 | 1,133 | 989.6 | 966.2 | 1,037 | 1,251 | 1,238 |
| EBIT 1 | 863 | 1,127 | 969.6 | 812.3 | 733.4 | 752.2 | 943.5 | 922 |
| Operating Margin | 15.29% | 18.9% | 15.31% | 12.15% | 10.85% | 10.54% | 11.91% | 11.39% |
| Earnings before Tax (EBT) 1 | 873.7 | 1,138 | 982.8 | 816 | 742.3 | 759.5 | 949.1 | 928.7 |
| Net income 1 | 683.4 | 882.8 | 763.3 | 640.1 | 574 | 598.1 | 782.9 | 723 |
| Net margin | 12.11% | 14.81% | 12.05% | 9.57% | 8.49% | 8.38% | 9.88% | 8.93% |
| EPS 2 | 0.4410 | 0.5662 | 0.4777 | 0.4001 | 0.3588 | 0.3700 | 0.4629 | 0.4533 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.4252 | 0.4252 | 0.3571 | 0.3333 | 0.1800 | 0.2050 | 0.2560 | 0.2500 |
| Announcement Date | 10/01/20 | 11/01/21 | 11/01/22 | 11/01/23 | 01/02/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,672 | 1,452 | 1,754 | 1,822 | 1,659 | 1,476 | 1,730 | 1,860 | 1,692 | 1,400 | 1,856 | 1,994 | 1,815 | 1,717 | 2,013 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 250 | 199.2 | 256.5 | 165 | 191.8 | 174.1 | 191.1 | 212.6 | - | - | - | - | - | - | - |
| Operating Margin | 14.95% | 13.72% | 14.62% | 9.05% | 11.56% | 11.8% | 11.04% | 11.43% | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | 0.1190 | 0.0988 | 0.1247 | 0.0833 | 0.0917 | - | 0.0782 | 0.1048 | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/01/22 | 11/04/22 | 18/07/22 | 25/10/22 | 11/01/23 | 13/04/23 | 12/07/23 | 23/10/23 | 01/02/24 | 18/04/24 | - | - | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | 342 | - | - | - | - |
| Net Cash position | - | 509 | 112 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 0.3456 x | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 19.6% | 22% | 16% | 13.1% | 11.6% | 11.1% | 12.5% | 12.1% |
| ROA (Net income/ Total Assets) | 15% | 16.2% | 13.1% | 10.1% | 8.14% | 7.78% | 8.44% | 8.47% |
| Assets 1 | 4,548 | 5,436 | 5,849 | 6,319 | 7,050 | 7,688 | 9,278 | 8,536 |
| Book Value Per Share 2 | 2.420 | 3.020 | 3.090 | 3.140 | 3.180 | 3.370 | 3.670 | 3.780 |
| Cash Flow per Share 2 | 0.5700 | 0.6900 | 0.6300 | 0.6700 | 0.5100 | 0.5100 | 0.6200 | 0.5900 |
| Capex 1 | 892 | 891 | 1,117 | 899 | 860 | 508 | 489 | 388 |
| Capex / Sales | 15.81% | 14.95% | 17.63% | 13.45% | 12.72% | 7.12% | 6.17% | 4.8% |
| Announcement Date | 10/01/20 | 11/01/21 | 11/01/22 | 11/01/23 | 01/02/24 | - | - | - |
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
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
5.98
CNY
Average target price
9.667
CNY
Spread / Average Target
+61.65%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -21.93% | 1.32B | |
| -19.81% | 17.6B | |
| +14.70% | 8.16B | |
| +9.37% | 5.2B | |
| +21.33% | 5.02B | |
| -2.81% | 3.34B | |
| -32.26% | 769M | |
| -9.16% | 548M | |
| -14.18% | 391M | |
| -5.68% | 407M |
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- Financials Toly Bread Co.,Ltd.
