BEIJING GEHUA CATV NETWORK CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.64 CNY | +3.75% |
|
+3.75% | -14.10% |
| Apr. 26 | Beijing Gehua Catv Network Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 2023 | Storm hitting Chinese ports is a wakeup call for climate risk to markets | RE |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,955 | 12,540 | 12,804 | 12,081 | 11,329 | 9,241 | 9,241 | - |
| Enterprise Value (EV) 1 | 3,345 | 4,211 | 12,804 | 12,081 | 11,329 | 10,758 | 9,241 | 9,241 |
| P/E ratio | 17.2 x | 21.5 x | 78.1 x | 57.8 x | 33.9 x | -62.4 x | 27.7 x | 26.6 x |
| Yield | 2.1% | 7.33% | 0.43% | 0.53% | 0.9% | 0.35% | 1.05% | 1.05% |
| Capitalization / Revenue | 4.39 x | 4.55 x | 4.97 x | 4.73 x | 4.64 x | 4.42 x | 3.63 x | 3.5 x |
| EV / Revenue | 4.39 x | 4.55 x | 4.97 x | 4.73 x | 4.64 x | 4.42 x | 3.63 x | 3.5 x |
| EV / EBITDA | 9.25 x | 10.5 x | 15.2 x | 13.4 x | 10.7 x | 19.8 x | 10 x | 9.52 x |
| EV / FCF | 143,959,888 x | - | - | - | - | - | - | - |
| FCF Yield | 0% | - | - | - | - | - | - | - |
| Price to Book | 0.92 x | 0.93 x | 1.01 x | 0.94 x | 0.87 x | 0.84 x | 0.7 x | 0.69 x |
| Nbr of stocks (in thousands) | 1,391,778 | 1,391,778 | 1,391,778 | 1,391,778 | 1,391,778 | 1,391,778 | 1,391,778 | - |
| Reference price 2 | 8.590 | 9.010 | 9.200 | 8.680 | 8.140 | 6.640 | 6.640 | 6.640 |
| Announcement Date | 3/15/19 | 3/27/20 | 4/1/21 | 3/22/22 | 3/21/23 | 3/30/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,725 | 2,759 | 2,575 | 2,552 | 2,442 | 2,434 | 2,547 | 2,637 |
| EBITDA 1 | 1,293 | 1,192 | 843 | 904.2 | 1,059 | 544.4 | 924 | 971 |
| EBIT 1 | 701.7 | 592.3 | 176 | 208.8 | 340.9 | -120.3 | 332 | 360 |
| Operating Margin | 25.75% | 21.47% | 6.83% | 8.18% | 13.96% | -4.94% | 13.03% | 13.65% |
| Earnings before Tax (EBT) 1 | 705 | 594.1 | 173.3 | 208.3 | 339 | -170.4 | 338 | 360 |
| Net income 1 | 694.2 | 581.9 | 163.9 | 208.9 | 334.3 | -172.4 | 330 | 342 |
| Net margin | 25.47% | 21.09% | 6.36% | 8.19% | 13.69% | -7.08% | 12.96% | 12.97% |
| EPS 2 | 0.4988 | 0.4181 | 0.1178 | 0.1501 | 0.2402 | -0.1239 | 0.2400 | 0.2500 |
| Free Cash Flow | 83.05 | - | - | - | - | - | - | - |
| FCF margin | 3.05% | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | 6.42% | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | 11.96% | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1800 | 0.6600 | 0.0400 | 0.0460 | 0.0730 | 0.0270 | 0.0700 | 0.0700 |
| Announcement Date | 3/15/19 | 3/27/20 | 4/1/21 | 3/22/22 | 3/21/23 | 3/30/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 519.7 | 557.5 | 1,077 | 563.8 | 524.7 | 566.2 | 535.6 | 529.5 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income 1 | 97.69 | -45.91 | 51.78 | 276.8 | -58.44 | -48.11 | 22.01 | -9.279 |
| Net margin | 18.8% | -8.23% | 4.81% | 49.09% | -11.14% | -8.5% | 4.11% | -1.75% |
| EPS | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 4/28/22 | 8/29/22 | 8/29/22 | 10/26/22 | 4/26/23 | 8/30/23 | 10/27/23 | 4/26/24 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | 8,610 | 8,329 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | 83 | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 5.42% | 4.4% | 1.26% | 1.64% | 2.58% | -1.33% | 2.5% | 2.6% |
| ROA (Net income/ Total Assets) | 4.44% | 3.61% | 1.03% | 1.64% | 2.08% | - | 2% | 2.1% |
| Assets 1 | 15,628 | 16,110 | 15,992 | 12,736 | 16,080 | - | 16,500 | 16,286 |
| Book Value Per Share 2 | 9.380 | 9.650 | 9.110 | 9.220 | 9.410 | 9.220 | 9.430 | 9.600 |
| Cash Flow per Share 2 | 0.7300 | 0.6400 | 0.5900 | 0.6000 | 0.4000 | 0.5400 | 0.7800 | 0.6300 |
| Capex 1 | 936 | 1,194 | 880 | 573 | 437 | 673 | 600 | 600 |
| Capex / Sales | 34.33% | 43.3% | 34.18% | 22.46% | 17.89% | 27.65% | 23.56% | 22.75% |
| Announcement Date | 3/15/19 | 3/27/20 | 4/1/21 | 3/22/22 | 3/21/23 | 3/30/24 | - | - |
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
D-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
6.64
CNY
Average target price
7
CNY
Spread / Average Target
+5.42%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -14.10% | 1.28B | |
| +24.85% | 207B | |
| +9.98% | 16.08B | |
| -19.47% | 8.36B | |
| -15.67% | 7.93B | |
| 0.00% | 4.58B | |
| +37.01% | 4.24B | |
| +11.41% | 3.5B | |
| +0.19% | 3.4B | |
| +46.62% | 2.68B |
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- Financials Beijing Gehua Catv Network Co.,Ltd.
