Financials Anhui Jiuhuashan Tourism Development Co., Ltd.

Equities

603199

CNE100001VZ6

Leisure & Recreation

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
33.85 CNY -5.68% Intraday chart for Anhui Jiuhuashan Tourism Development Co., Ltd. -10.24% +30.44%

Valuation

Fiscal Period: December 2022 2023 2024 2025 2026
Capitalization 1 3,147 2,872 3,747 - -
Enterprise Value (EV) 1 3,147 2,872 3,747 3,747 3,747
P/E ratio -237 x 16.4 x 18.1 x 16.6 x 15.3 x
Yield - 3.04% 2.32% 2.48% 2.69%
Capitalization / Revenue - 3.97 x 4.64 x 4.3 x 4.05 x
EV / Revenue - 3.97 x 4.64 x 4.3 x 4.05 x
EV / EBITDA - 9.28 x 11.1 x 10 x 9.05 x
EV / FCF - 21.4 x 5.83 x 2.43 x 2.13 x
FCF Yield - 4.68% 17.2% 41.2% 47%
Price to Book - 2.03 x 2.42 x 2.23 x 2.05 x
Nbr of stocks (in thousands) 110,680 110,680 110,680 - -
Reference price 2 28.43 25.95 33.85 33.85 33.85
Announcement Date 4/25/23 4/18/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2022 2023 2024 2025 2026
Net sales 1 - 723.6 807.7 870.7 925.7
EBITDA 1 - 309.4 338 374.5 414
EBIT 1 - 234 278.3 302.7 326
Operating Margin - 32.34% 34.46% 34.76% 35.22%
Earnings before Tax (EBT) 1 - 232.5 277 301.7 325.7
Net income 1 -13.7 174.7 207.3 226 244.7
Net margin - 24.14% 25.67% 25.96% 26.43%
EPS 2 -0.1200 1.580 1.873 2.043 2.213
Free Cash Flow 1 - 134.3 642.6 1,545 1,760
FCF margin - 18.56% 79.56% 177.43% 190.16%
FCF Conversion (EBITDA) - 43.4% 190.11% 412.51% 425.17%
FCF Conversion (Net income) - 76.88% 309.92% 683.55% 719.43%
Dividend per Share 2 - 0.7900 0.7850 0.8400 0.9100
Announcement Date 4/25/23 4/18/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2022 2023 2024 2025 2026
Net Debt - - - - -
Net Cash position - - - - -
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow 1 - 134 643 1,545 1,760
ROE (net income / shareholders' equity) - 13.1% 13.4% 13.4% 13.4%
ROA (Net income/ Total Assets) - - 11.3% 10.9% 10.9%
Assets 1 - - 1,833 2,076 2,254
Book Value Per Share 2 - 12.80 14.00 15.20 16.50
Cash Flow per Share 2 - 2.890 1.970 3.370 3.500
Capex 1 - 186 137 234 186
Capex / Sales - 25.67% 16.92% 26.84% 20.06%
Announcement Date 4/25/23 4/18/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
33.85 CNY
Average target price
41 CNY
Spread / Average Target
+21.12%
Consensus

Annual profits - Rate of surprise

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