ANTONG HOLDINGS CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.21 CNY | +1.38% |
|
-0.45% | -11.60% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 9,888 | 6,513 | 17,501 | 17,766 | 13,394 | 10,178 |
| Enterprise Value (EV) 1 | 14,566 | 11,747 | 15,435 | 15,227 | 9,358 | 5,247 |
| P/E ratio | 16.2 x | -1.49 x | 14.5 x | 13.9 x | 6.05 x | 18.6 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.98 x | 1.29 x | 3.62 x | 2.28 x | 1.46 x | 1.39 x |
| EV / Revenue | 1.45 x | 2.33 x | 3.19 x | 1.95 x | 1.02 x | 0.71 x |
| EV / EBITDA | 13.9 x | -4.85 x | -39.8 x | 8.44 x | 3.57 x | 8.68 x |
| EV / FCF | -10.5 x | 11.9 x | -58.8 x | 19.4 x | 6.27 x | 9.62 x |
| FCF Yield | -9.49% | 8.38% | -1.7% | 5.16% | 15.9% | 10.4% |
| Price to Book | 2.92 x | -6.63 x | 3.1 x | 3.17 x | 1.44 x | 1.04 x |
| Nbr of stocks (in thousands) | 2,020,062 | 2,020,062 | 4,364,286 | 4,662,869 | 4,071,024 | 4,071,024 |
| Reference price 2 | 4.895 | 3.224 | 4.010 | 3.810 | 3.290 | 2.500 |
| Announcement Date | 4/30/19 | 4/29/20 | 4/19/21 | 4/29/22 | 4/17/23 | 3/27/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 10,058 | 5,050 | 4,835 | 7,794 | 9,176 | 7,344 |
| EBITDA 1 | 1,049 | -2,421 | -388.3 | 1,804 | 2,620 | 604.8 |
| EBIT 1 | 811.1 | -2,674 | -586.4 | 1,708 | 2,463 | 408.3 |
| Operating Margin | 8.06% | -52.95% | -12.13% | 21.91% | 26.84% | 5.56% |
| Earnings before Tax (EBT) 1 | 665.3 | -4,309 | 1,205 | 1,776 | 2,962 | 734.9 |
| Net income 1 | 491.5 | -4,374 | 1,293 | 1,766 | 2,342 | 567.7 |
| Net margin | 4.89% | -86.62% | 26.75% | 22.66% | 25.52% | 7.73% |
| EPS 2 | 0.3018 | -2.165 | 0.2773 | 0.2733 | 0.5438 | 0.1342 |
| Free Cash Flow 1 | -1,383 | 984.7 | -262.4 | 786.2 | 1,492 | 545.3 |
| FCF margin | -13.75% | 19.5% | -5.43% | 10.09% | 16.26% | 7.42% |
| FCF Conversion (EBITDA) | - | - | - | 43.59% | 56.96% | 90.15% |
| FCF Conversion (Net income) | - | - | - | 44.51% | 63.72% | 96.05% |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/30/19 | 4/29/20 | 4/19/21 | 4/29/22 | 4/17/23 | 3/27/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 4,677 | 5,234 | - | - | - | - |
| Net Cash position 1 | - | - | 2,066 | 2,538 | 4,035 | 4,930 |
| Leverage (Debt/EBITDA) | 4.46 x | -2.161 x | - | - | - | - |
| Free Cash Flow 1 | -1,383 | 985 | -262 | 786 | 1,492 | 545 |
| ROE (net income / shareholders' equity) | 15.4% | -362% | 52.5% | 25.6% | 27% | 5.75% |
| ROA (Net income/ Total Assets) | 5.18% | -17.8% | -4.42% | 10.7% | 12.8% | 1.91% |
| Assets 1 | 9,490 | 24,539 | -29,256 | 16,552 | 18,363 | 29,776 |
| Book Value Per Share 2 | 1.680 | -0.4900 | 1.290 | 1.200 | 2.280 | 2.400 |
| Cash Flow per Share 2 | 0.2600 | 0.0900 | 0.6300 | 0.2500 | 0.3300 | 0.4700 |
| Capex 1 | 521 | 244 | 88.5 | 634 | 426 | 231 |
| Capex / Sales | 5.18% | 4.83% | 1.83% | 8.13% | 4.64% | 3.14% |
| Announcement Date | 4/30/19 | 4/29/20 | 4/19/21 | 4/29/22 | 4/17/23 | 3/27/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -11.60% | 1.24B | |
| -12.95% | 30.83B | |
| -1.52% | 6.34B | |
| -3.92% | 5.01B | |
| +1.36% | 4.54B | |
| +4.62% | 4.06B | |
| +4.00% | 3.58B | |
| +63.11% | 2.48B | |
| +1.69% | 2.31B | |
| +0.33% | 2.29B |
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- Financials Antong Holdings Co., Ltd.
