CHINA CYTS TOURS HOLDING CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.46 CNY | +0.35% |
|
-3.62% | +7.91% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,120 | 7,427 | 7,513 | 10,995 | 7,687 | 8,295 | - | - |
| Enterprise Value (EV) 1 | 11,658 | 10,522 | 11,178 | 15,598 | 11,975 | 12,701 | 11,342 | 11,718 |
| P/E ratio | 16.1 x | -32 x | 354 x | -33 x | 39.3 x | 21 x | 15.7 x | 14.1 x |
| Yield | 0.32% | - | - | - | 0.8% | 1.55% | 1.6% | 2.39% |
| Capitalization / Revenue | 0.65 x | 1.04 x | 0.87 x | 1.71 x | 0.8 x | 0.7 x | 0.65 x | 0.58 x |
| EV / Revenue | 0.83 x | 1.47 x | 1.29 x | 2.43 x | 1.24 x | 1.07 x | 0.89 x | 0.82 x |
| EV / EBITDA | 7.68 x | 60 x | 28.7 x | -72.4 x | 15.4 x | 9.71 x | 7.84 x | 7.1 x |
| EV / FCF | -24.8 x | - | 48.8 x | -16.9 x | 18.3 x | 1.46 x | 8.13 x | 7.49 x |
| FCF Yield | -4.03% | - | 2.05% | -5.91% | 5.46% | 68.5% | 12.3% | 13.4% |
| Price to Book | 1.38 x | 1.17 x | 1.18 x | 1.83 x | 1.24 x | 1.27 x | 1.17 x | 1.12 x |
| Nbr of stocks (in thousands) | 723,840 | 723,840 | 723,840 | 723,840 | 723,840 | 723,840 | - | - |
| Reference price 2 | 12.60 | 10.26 | 10.38 | 15.19 | 10.62 | 11.46 | 11.46 | 11.46 |
| Announcement Date | 4/9/20 | 3/24/21 | 3/30/22 | 3/31/23 | 4/2/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,054 | 7,151 | 8,635 | 6,417 | 9,635 | 11,856 | 12,811 | 14,321 |
| EBITDA 1 | 1,519 | 175.2 | 390 | -215.5 | 778.2 | 1,308 | 1,447 | 1,650 |
| EBIT 1 | 1,223 | -169.4 | 75.73 | -546.7 | 440.5 | 885.7 | 1,007 | 1,174 |
| Operating Margin | 8.7% | -2.37% | 0.88% | -8.52% | 4.57% | 7.47% | 7.86% | 8.2% |
| Earnings before Tax (EBT) 1 | 1,233 | -170.8 | 93.25 | -541.2 | 441.8 | 757.9 | 988.3 | 1,160 |
| Net income 1 | 568.2 | -232.1 | 21.23 | -333.6 | 194 | 395.5 | 528.3 | 587.4 |
| Net margin | 4.04% | -3.25% | 0.25% | -5.2% | 2.01% | 3.34% | 4.12% | 4.1% |
| EPS 2 | 0.7849 | -0.3206 | 0.0293 | -0.4608 | 0.2700 | 0.5458 | 0.7296 | 0.8120 |
| Free Cash Flow 1 | -469.3 | - | 228.9 | -922.1 | 654.4 | 8,703 | 1,395 | 1,565 |
| FCF margin | -3.34% | - | 2.65% | -14.37% | 6.79% | 73.41% | 10.89% | 10.93% |
| FCF Conversion (EBITDA) | - | - | 58.69% | - | 84.09% | 665.44% | 96.39% | 94.86% |
| FCF Conversion (Net income) | - | - | 1,077.8% | - | 337.35% | 2,200.25% | 264.04% | 266.43% |
| Dividend per Share 2 | 0.0400 | - | - | - | 0.0850 | 0.1774 | 0.1836 | 0.2740 |
| Announcement Date | 4/9/20 | 3/24/21 | 3/30/22 | 3/31/23 | 4/2/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,710 | 2,405 | - | 1,481 | 1,952 | 1,602 | 1,658 | 2,521 | 2,556 | 2,900 | 2,662 | 2,854 | 3,761 | 3,088 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | -18.45 | -28.37 | - | -136.4 | 48.01 | -283.3 | - | 229.2 | 220.8 | -15.18 | - | - | - | - |
| Operating Margin | -0.68% | -1.18% | - | -9.21% | 2.46% | -17.68% | - | 9.1% | 8.64% | -0.52% | - | - | - | - |
| Earnings before Tax (EBT) | -12.75 | -22.5 | - | -134.5 | 49.73 | -283.2 | - | 227.8 | 222.4 | -14.32 | - | - | - | - |
| Net income | 3.637 | -16.03 | - | -92.83 | 33.87 | -162.5 | - | 111.3 | 99.73 | -12.2 | - | - | - | - |
| Net margin | 0.13% | -0.67% | - | -6.27% | 1.74% | -10.14% | - | 4.41% | 3.9% | -0.42% | - | - | - | - |
| EPS 2 | 0.001600 | -0.0200 | -0.1548 | -0.1300 | 0.0400 | -0.2200 | -0.006600 | 0.1600 | 0.1300 | -0.0100 | -0.2900 | -0.3600 | 0.1400 | 1.360 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | 0.0652 | - | - |
| Announcement Date | 10/29/21 | 3/30/22 | 4/29/22 | 8/29/22 | 10/27/22 | 3/31/23 | 4/28/23 | 8/30/23 | 10/30/23 | 4/2/24 | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,538 | 3,095 | 3,665 | 4,603 | 4,288 | 4,406 | 3,047 | 3,422 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.671 x | 17.66 x | 9.398 x | -21.36 x | 5.51 x | 3.369 x | 2.105 x | 2.074 x |
| Free Cash Flow 1 | -469 | - | 229 | -922 | 654 | 8,703 | 1,395 | 1,565 |
| ROE (net income / shareholders' equity) | 8.95% | -3.59% | 0.34% | -5.4% | 3.17% | 6.14% | 7.41% | 8.2% |
| ROA (Net income/ Total Assets) | 3.66% | -1.39% | 0.12% | - | - | 2.31% | 2.46% | 3.15% |
| Assets 1 | 15,515 | 16,744 | 17,249 | - | - | 17,160 | 21,506 | 18,648 |
| Book Value Per Share 2 | 9.110 | 8.740 | 8.770 | 8.320 | 8.580 | 9.040 | 9.800 | 10.20 |
| Cash Flow per Share 2 | 0.8200 | 0.8400 | 1.250 | -0.4300 | 1.270 | 0.6700 | 1.950 | 1.590 |
| Capex 1 | 1,060 | 781 | 676 | 610 | 266 | 594 | 475 | 344 |
| Capex / Sales | 7.55% | 10.93% | 7.82% | 9.5% | 2.76% | 5.01% | 3.71% | 2.4% |
| Announcement Date | 4/9/20 | 3/24/21 | 3/30/22 | 3/31/23 | 4/2/24 | - | - | - |
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
11
Last Close Price
11.46
CNY
Average target price
12.41
CNY
Spread / Average Target
+8.32%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.91% | 1.14B | |
| +29.69% | 1.28B | |
| -6.88% | 455M | |
| +44.10% | 311M | |
| -2.14% | 101M | |
| +2.90% | 99.08M | |
| -0.68% | 95.43M |
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- Financials China Cyts Tours Holding Co., Ltd.
