EASTROC BEVERAGE(GROUP) CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 227 CNY | -0.77% |
|
+3.64% | +24.38% |
| Apr. 22 | Eastroc Beverage(Group) Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 15 | Eastroc Beverage to Apply for 6 Billion Yuan Worth of Credit | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 72,738 | 71,162 | 73,006 | 90,802 | - | - |
| Enterprise Value (EV) 1 | 72,738 | 72,225 | 70,198 | 86,653 | 86,378 | 85,159 |
| P/E ratio | 58.5 x | 49.4 x | 35.8 x | 34.4 x | 27.5 x | 22.6 x |
| Yield | 1.65% | 1.12% | 1.37% | 1.43% | 1.84% | 2.24% |
| Capitalization / Revenue | 10.4 x | 8.37 x | 6.48 x | 6.32 x | 5.16 x | 4.25 x |
| EV / Revenue | 10.4 x | 8.49 x | 6.23 x | 6.03 x | 4.9 x | 3.98 x |
| EV / EBITDA | 42.4 x | 36.5 x | 26.8 x | 24.3 x | 19.3 x | 15.7 x |
| EV / FCF | - | 58.5 x | 29.7 x | 44.7 x | 35.3 x | 28.9 x |
| FCF Yield | - | 1.71% | 3.37% | 2.24% | 2.83% | 3.46% |
| Price to Book | 17.2 x | 14.1 x | 11.5 x | 11.3 x | 8.74 x | 6.85 x |
| Nbr of stocks (in thousands) | 400,010 | 400,010 | 400,010 | 400,010 | - | - |
| Reference price 2 | 181.8 | 177.9 | 182.5 | 227.0 | 227.0 | 227.0 |
| Announcement Date | 2/15/22 | 2/20/23 | 4/14/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 6,978 | 8,505 | 11,263 | 14,376 | 17,613 | 21,390 |
| EBITDA 1 | 1,714 | 1,979 | 2,617 | 3,565 | 4,478 | 5,432 |
| EBIT 1 | 1,529 | 1,854 | 2,588 | 3,361 | 4,181 | 5,103 |
| Operating Margin | 21.91% | 21.8% | 22.98% | 23.38% | 23.74% | 23.85% |
| Earnings before Tax (EBT) 1 | 1,514 | 1,836 | 2,579 | 3,364 | 4,208 | 5,126 |
| Net income 1 | 1,193 | 1,441 | 2,040 | 2,656 | 3,318 | 4,046 |
| Net margin | 17.1% | 16.94% | 18.11% | 18.48% | 18.84% | 18.91% |
| EPS 2 | 3.110 | 3.601 | 5.100 | 6.603 | 8.250 | 10.05 |
| Free Cash Flow 1 | - | 1,235 | 2,366 | 1,940 | 2,448 | 2,945 |
| FCF margin | - | 14.52% | 21% | 13.5% | 13.9% | 13.77% |
| FCF Conversion (EBITDA) | - | 62.41% | 90.39% | 54.42% | 54.66% | 54.22% |
| FCF Conversion (Net income) | - | 85.75% | 115.97% | 73.04% | 73.79% | 72.79% |
| Dividend per Share 2 | 3.000 | 2.000 | 2.500 | 3.255 | 4.181 | 5.080 |
| Announcement Date | 2/15/22 | 2/20/23 | 4/14/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | 2,353 | 1,861 | - | 2,969 | 3,181 | 2,622 | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | 531.9 | 357.2 | - | 760.5 | 688.7 | 498.3 | - | - | - | - | - | - |
| Operating Margin | - | 22.6% | 19.19% | - | 25.61% | 21.65% | 19.01% | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | 353.2 | - | 760.9 | 680 | 497.1 | - | - | - | - | - | - |
| Net income 1 | 410 | - | 275 | 497.3 | 610.9 | 547.5 | 384.2 | 663.9 | 752 | 708.8 | 529.4 | - | - |
| Net margin | - | - | 14.78% | - | 20.57% | 17.21% | 14.65% | - | - | - | - | - | - |
| EPS 2 | 1.025 | 1.020 | 0.6900 | 1.243 | 1.909 | 1.369 | 0.9600 | 1.660 | 1.880 | 1.772 | 1.323 | - | - |
| Dividend per Share 2 | - | - | 2.000 | - | - | - | - | - | 0.7956 | 0.7956 | 0.7956 | 1.018 | 1.018 |
| Announcement Date | 8/15/22 | 10/27/22 | 2/20/23 | 4/21/23 | 8/6/23 | 10/27/23 | 4/14/24 | 4/22/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1,063 | - | - | - | - |
| Net Cash position 1 | - | - | 2,808 | 4,149 | 4,424 | 5,644 |
| Leverage (Debt/EBITDA) | - | 0.5373 x | - | - | - | - |
| Free Cash Flow 1 | - | 1,235 | 2,366 | 1,940 | 2,448 | 2,945 |
| ROE (net income / shareholders' equity) | 38.8% | 31.7% | 35.8% | 34.3% | 33.3% | 31.8% |
| ROA (Net income/ Total Assets) | 19.6% | 14.7% | 15.3% | 15.6% | 17.1% | 18.2% |
| Assets 1 | 6,076 | 9,824 | 13,290 | 17,053 | 19,413 | 22,282 |
| Book Value Per Share 2 | 10.60 | 12.70 | 15.80 | 20.10 | 26.00 | 33.10 |
| Cash Flow per Share 2 | 5.420 | 5.070 | 8.200 | 8.660 | 11.30 | 12.70 |
| Capex 1 | 606 | 791 | 916 | 792 | 755 | 842 |
| Capex / Sales | 8.69% | 9.3% | 8.13% | 5.51% | 4.29% | 3.94% |
| Announcement Date | 2/15/22 | 2/20/23 | 4/14/24 | - | - | - |
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-
Sell
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
227
CNY
Average target price
227.8
CNY
Spread / Average Target
+0.36%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +24.38% | 12.64B | |
| -9.74% | 54.37B | |
| +18.93% | 53.18M |
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- Financials Eastroc Beverage(Group) Co., Ltd.
