Financials Zhejiang Daily Digital Culture Group Co.,Ltd

Equities

600633

CNE0000007X9

Internet Services

End-of-day quote Shanghai S.E. 03:30:00 26/06/2024 am IST 5-day change 1st Jan Change
8.94 CNY +4.68% Intraday chart for Zhejiang Daily Digital Culture Group Co.,Ltd -2.93% -19.17%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,581 10,303 11,151 10,366 13,999 11,316 - -
Enterprise Value (EV) 1 11,581 10,303 11,151 10,366 13,999 11,316 11,316 11,316
P/E ratio 22.9 x 20.4 x 21.5 x 21 x 21.3 x 15.3 x 13.5 x 12.2 x
Yield - - 0.91% 0.98% 1.18% 2.35% 2.57% 2.91%
Capitalization / Revenue - - 3.64 x 2 x 4.55 x 3.09 x 2.8 x 2.53 x
EV / Revenue - - 3.64 x 2 x 4.55 x 3.09 x 2.8 x 2.53 x
EV / EBITDA - - 11 x 9.42 x 12.1 x 9.59 x 8.72 x 7.87 x
EV / FCF - - 25.1 x - 26.9 x 33.2 x 11.1 x 9.7 x
FCF Yield - - 3.98% - 3.72% 3.01% 9% 10.3%
Price to Book - - 1.25 x 1.12 x 1.42 x 1.08 x 1.02 x 0.96 x
Nbr of stocks (in thousands) 12,65,731 12,65,731 12,65,731 12,65,731 12,65,731 12,65,731 - -
Reference price 2 9.150 8.140 8.810 8.190 11.06 8.940 8.940 8.940
Announcement Date 27/04/20 25/03/21 27/04/22 12/04/23 27/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - - 3,064 5,186 3,078 3,663 4,035 4,468
EBITDA 1 - - 1,011 1,101 1,157 1,180 1,298 1,437
EBIT 1 - - 730.6 671.9 838.8 960.3 1,067 1,191
Operating Margin - - 23.84% 12.95% 27.25% 26.22% 26.45% 26.66%
Earnings before Tax (EBT) 1 - - 728.6 677 838.9 962.9 1,070 1,193
Net income 1 508.4 511.6 516.6 489.7 662.9 739.2 832 924.2
Net margin - - 16.86% 9.44% 21.54% 20.18% 20.62% 20.69%
EPS 2 0.4000 0.4000 0.4100 0.3900 0.5200 0.5833 0.6600 0.7300
Free Cash Flow 1 - - 443.9 - 520.2 341 1,018 1,166
FCF margin - - 14.49% - 16.9% 9.31% 25.23% 26.1%
FCF Conversion (EBITDA) - - 43.92% - 44.95% 28.9% 78.43% 81.14%
FCF Conversion (Net income) - - 85.91% - 78.47% 46.13% 122.36% 126.16%
Dividend per Share 2 - - 0.0800 0.0800 0.1300 0.2100 0.2300 0.2600
Announcement Date 27/04/20 25/03/21 27/04/22 12/04/23 27/03/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 444 - 520 341 1,018 1,166
ROE (net income / shareholders' equity) - - 5.94% 5.39% 6.92% 7.16% 7.58% 7.95%
ROA (Net income/ Total Assets) - - 4.47% 4.06% - - - -
Assets 1 - - 11,546 12,053 - - - -
Book Value Per Share 2 - - 7.050 7.330 7.800 8.240 8.730 9.290
Cash Flow per Share 2 - - 0.8100 0.8100 0.6600 1.180 0.4000 1.410
Capex 1 - - 579 362 320 189 104 80.6
Capex / Sales - - 18.89% 6.98% 10.39% 5.17% 2.57% 1.8%
Announcement Date 27/04/20 25/03/21 27/04/22 12/04/23 27/03/24 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
8.94 CNY
Average target price
12.91 CNY
Spread / Average Target
+44.41%
Consensus

Annual profits - Rate of surprise

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