VALIANT CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.44 CNY | -3.13% |
|
-0.95% | -31.04% |
| 19/04 | Valiant Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 2023 | Valiant Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,810 | 19,792 | 21,993 | 13,636 | 15,430 | 10,566 | - | - |
| Enterprise Value (EV) 1 | 13,810 | 19,768 | 21,692 | 13,457 | 16,039 | 12,083 | 12,060 | 11,970 |
| P/E ratio | 27.1 x | 38.9 x | 34.3 x | 18.6 x | 19.8 x | 12 x | 9.84 x | 10.4 x |
| Yield | 1.34% | 0.94% | 1.08% | 2.01% | 1.81% | 2.46% | 2.73% | 2.77% |
| Capitalization / Revenue | 4.81 x | 6.78 x | 5.05 x | 2.68 x | 3.58 x | 2.17 x | 1.72 x | 1.76 x |
| EV / Revenue | 4.81 x | 6.77 x | 4.98 x | 2.65 x | 3.73 x | 2.49 x | 1.96 x | 1.99 x |
| EV / EBITDA | 16.3 x | 22.7 x | 20.1 x | 9.15 x | 11.6 x | 8.95 x | 6.86 x | 6.82 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 2.87 x | 3.83 x | 3.92 x | 2.17 x | 2.21 x | 1.42 x | 1.27 x | 1.2 x |
| Nbr of stocks (in thousands) | 9,09,133 | 9,09,133 | 9,30,335 | 9,30,130 | 9,30,106 | 9,30,106 | - | - |
| Reference price 2 | 15.19 | 21.77 | 23.64 | 14.66 | 16.59 | 11.36 | 11.36 | 11.36 |
| Announcement Date | 27/02/20 | 25/03/21 | 25/03/22 | 19/04/23 | 19/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,870 | 2,918 | 4,359 | 5,080 | 4,305 | 4,861 | 6,144 | 6,004 |
| EBITDA 1 | 848.5 | 872.1 | 1,080 | 1,470 | 1,388 | 1,350 | 1,759 | 1,755 |
| EBIT 1 | 612 | 633.3 | 768.8 | 973.3 | 945.4 | 992.5 | 1,384 | 1,328 |
| Operating Margin | 21.32% | 21.7% | 17.64% | 19.16% | 21.96% | 20.42% | 22.52% | 22.12% |
| Earnings before Tax (EBT) 1 | 611.8 | 630.4 | 767.2 | 950.7 | 951.1 | 988.5 | 1,369 | 1,315 |
| Net income 1 | 506.7 | 504.7 | 626.7 | 721.3 | 763 | 882.3 | 1,075 | 1,019 |
| Net margin | 17.65% | 17.3% | 14.38% | 14.2% | 17.72% | 18.15% | 17.5% | 16.97% |
| EPS 2 | 0.5600 | 0.5600 | 0.6900 | 0.7900 | 0.8400 | 0.9469 | 1.155 | 1.096 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.2040 | 0.2050 | 0.2550 | 0.2950 | 0.3000 | 0.2800 | 0.3104 | 0.3145 |
| Announcement Date | 27/02/20 | 25/03/21 | 25/03/22 | 19/04/23 | 19/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,133 | 1,371 | 1,216 | 1,257 | 1,237 | - | 1,041 | 1,102 | 1,130 | 1,369 | 1,320 | 1,262 | - | - |
| EBITDA 1 | 191.1 | 383.4 | 333.9 | 370.2 | 290 | - | - | - | - | 333.6 | 354.5 | 528.6 | - | - |
| EBIT 1 | 130.8 | 300.7 | 313.9 | 233.9 | 124.7 | - | 226.9 | 252.9 | 240.1 | 198.7 | 242.1 | 371.1 | - | - |
| Operating Margin | 11.54% | 21.94% | 25.82% | 18.6% | 10.09% | - | 21.8% | 22.95% | 21.25% | 14.52% | 18.34% | 29.41% | - | - |
| Earnings before Tax (EBT) 1 | 129 | 300.5 | 314.6 | 232.4 | 103.2 | - | 228.8 | 253 | 244.1 | 190.3 | 239.4 | 368.4 | - | - |
| Net income 1 | 134.1 | 232.8 | 258.1 | 153 | 77.49 | 176.6 | 212.8 | 186.1 | 187.6 | 206 | 208.3 | 208.4 | - | - |
| Net margin | 11.84% | 16.98% | 21.23% | 12.17% | 6.27% | - | 20.44% | 16.89% | 16.6% | 15.05% | 15.78% | 16.51% | - | - |
| EPS 2 | 0.1500 | 0.2500 | 0.2800 | 0.1700 | 0.0900 | 0.1900 | 0.2300 | 0.2100 | 0.2100 | 0.2214 | 0.2239 | 0.2241 | - | - |
| Dividend per Share 2 | 0.2550 | - | - | - | 0.2950 | - | - | - | - | 0.0750 | 0.0750 | 0.0750 | 0.0678 | 0.0678 |
| Announcement Date | 25/03/22 | 27/04/22 | 19/08/22 | 27/10/22 | 19/04/23 | 19/04/23 | 18/08/23 | 27/10/23 | 19/04/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 609 | 1,517 | 1,494 | 1,404 |
| Net Cash position 1 | - | 24 | 301 | 179 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.4388 x | 1.124 x | 0.8497 x | 0.7996 x |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 11% | 10.2% | 11.6% | 12.2% | 11.5% | 11.1% | 12.9% | 11.7% |
| ROA (Net income/ Total Assets) | 9.16% | 8.03% | 8.62% | 8.42% | - | 7% | 7.7% | 8.6% |
| Assets 1 | 5,532 | 6,288 | 7,272 | 8,568 | - | 12,604 | 13,962 | 11,848 |
| Book Value Per Share 2 | 5.300 | 5.680 | 6.030 | 6.760 | 7.520 | 8.030 | 8.940 | 9.470 |
| Cash Flow per Share 2 | 0.8300 | 0.6100 | 1.150 | 1.060 | 1.170 | 1.740 | 1.500 | - |
| Capex 1 | 852 | 658 | 730 | 1,293 | 1,395 | 758 | 621 | 748 |
| Capex / Sales | 29.7% | 22.55% | 16.74% | 25.45% | 32.39% | 15.6% | 10.11% | 12.46% |
| Announcement Date | 27/02/20 | 25/03/21 | 25/03/22 | 19/04/23 | 19/04/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
11.44
CNY
Average target price
18.25
CNY
Spread / Average Target
+59.53%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -31.04% | 1.47B | |
| +4.13% | 150B | |
| +30.32% | 142B | |
| +42.47% | 135B | |
| +5.07% | 39.98B | |
| +120.42% | 37.9B | |
| +5.12% | 31.98B | |
| -14.70% | 29.87B | |
| +10.57% | 29.31B | |
| +39.63% | 29.16B |
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- Financials Valiant Co.,Ltd
