HUANGSHAN TOURISM DEVELOPMENT CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.83 CNY | +0.71% |
|
-0.39% | +17.92% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,054 | 5,659 | 5,998 | 7,784 | 6,686 | 7,879 | - | - |
| Enterprise Value (EV) 1 | 4,256 | 3,695 | 4,192 | 6,384 | 4,890 | 5,749 | 5,350 | 7,879 |
| P/E ratio | 19.9 x | -150 x | 163 x | -70.8 x | 18.8 x | 21.3 x | 19.2 x | 16.2 x |
| Yield | 1.19% | - | 1.04% | - | 1.92% | 1.45% | 1.6% | 1.87% |
| Capitalization / Revenue | 3.77 x | 7.64 x | 6.7 x | 9.73 x | 3.47 x | 3.77 x | 3.47 x | 3.04 x |
| EV / Revenue | 2.65 x | 4.99 x | 4.68 x | 7.98 x | 2.53 x | 2.75 x | 2.35 x | 3.04 x |
| EV / EBITDA | 6.32 x | 28.3 x | 16.8 x | 74.5 x | 5.68 x | 8.14 x | 7.19 x | - |
| EV / FCF | - | -17.6 x | - | -49 x | 9.61 x | 6.95 x | 11.8 x | 16 x |
| FCF Yield | - | -5.68% | - | -2.04% | 10.4% | 14.4% | 8.5% | 6.23% |
| Price to Book | 1.53 x | 1.54 x | 1.66 x | 2.28 x | 1.77 x | 1.95 x | 1.82 x | 1.67 x |
| Nbr of stocks (in thousands) | 729,379 | 729,379 | 729,379 | 729,379 | 729,379 | 729,379 | - | - |
| Reference price 2 | 9.170 | 8.980 | 9.770 | 12.74 | 10.88 | 12.83 | 12.83 | 12.83 |
| Announcement Date | 4/24/20 | 4/22/21 | 4/15/22 | 4/14/23 | 4/19/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,607 | 740.8 | 895.2 | 799.9 | 1,929 | 2,088 | 2,273 | 2,593 |
| EBITDA 1 | 673.2 | 130.6 | 249.7 | 85.65 | 861.4 | 706.3 | 743.8 | - |
| EBIT 1 | 512.1 | -24.35 | 76.28 | -142.3 | 650.9 | 681 | 752 | 820 |
| Operating Margin | 31.87% | -3.29% | 8.52% | -17.79% | 33.74% | 32.62% | 33.09% | 31.62% |
| Earnings before Tax (EBT) 1 | 510.9 | -25.88 | 81.5 | -140.8 | 649.2 | 621.7 | 687.5 | 820 |
| Net income 1 | 340.2 | -46.37 | 43.47 | -132 | 422.9 | 439.9 | 486.1 | 573 |
| Net margin | 21.17% | -6.26% | 4.86% | -16.5% | 21.92% | 21.07% | 21.39% | 22.1% |
| EPS 2 | 0.4600 | -0.0600 | 0.0600 | -0.1800 | 0.5800 | 0.6018 | 0.6666 | 0.7900 |
| Free Cash Flow 1 | - | -209.8 | - | -130.4 | 508.8 | 827 | 455 | 491 |
| FCF margin | - | -28.31% | - | -16.3% | 26.37% | 39.61% | 20.02% | 18.94% |
| FCF Conversion (EBITDA) | - | - | - | - | 59.07% | 117.1% | 61.17% | - |
| FCF Conversion (Net income) | - | - | - | - | 120.31% | 188% | 93.6% | 85.69% |
| Dividend per Share 2 | 0.1090 | - | 0.1020 | - | 0.2090 | 0.1856 | 0.2048 | 0.2400 |
| Announcement Date | 4/24/20 | 4/22/21 | 4/15/22 | 4/14/23 | 4/19/24 | - | - | - |
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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | 226.2 | - | 84.77 | 386.3 | 199.5 | - | 499.4 | 597.2 | 494.9 | - | - | - | - | - |
| EBITDA | - | -34.18 | - | -88.11 | 158.6 | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | 37.43 | - | -95.99 | 133.1 | -93.82 | - | 177.9 | 293.5 | 96.92 | - | - | - | - | - |
| Operating Margin | - | 16.54% | - | -113.24% | 34.47% | -47.02% | - | 35.63% | 49.14% | 19.58% | - | - | - | - | - |
| Earnings before Tax (EBT) | - | 38.57 | - | -95.41 | 133.4 | -93.51 | - | 177.9 | 293.9 | 94.8 | - | - | - | - | - |
| Net income | - | 18.85 | - | -88.5 | 111.2 | -70.93 | - | 135.2 | 208.1 | 15.04 | - | - | - | - | - |
| Net margin | - | 8.33% | - | -104.4% | 28.78% | -35.55% | - | 27.08% | 34.84% | 3.04% | - | - | - | - | - |
| EPS | - | 0.0300 | - | -0.1300 | 0.1600 | -0.1000 | - | 0.1800 | 0.2900 | 0.0200 | - | - | - | - | 0.6200 |
| Dividend per Share 1 | - | 0.1020 | - | - | - | - | - | - | - | - | - | - | - | 0.1711 | - |
| Announcement Date | 1/15/22 | 4/15/22 | 5/26/22 | 8/26/22 | 10/28/22 | 4/14/23 | 5/25/23 | 8/25/23 | 10/27/23 | 4/19/24 | - | - | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,798 | 1,964 | 1,806 | 1,400 | 1,796 | 2,130 | 2,529 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | -210 | - | -130 | 509 | 827 | 455 | 491 |
| ROE (net income / shareholders' equity) | 8.24% | -1.05% | 1.02% | -3.15% | 9.88% | 9.33% | 9.59% | 10.3% |
| ROA (Net income/ Total Assets) | 7.04% | -0.94% | 0.87% | - | - | 7.1% | - | - |
| Assets 1 | 4,836 | 4,933 | 5,022 | - | - | 6,196 | - | - |
| Book Value Per Share 2 | 5.980 | 5.840 | 5.890 | 5.600 | 6.150 | 6.570 | 7.040 | 7.660 |
| Cash Flow per Share 2 | 0.5800 | -0 | 0.1300 | 0.0300 | 0.9900 | 0.9800 | - | - |
| Capex 1 | 210 | 208 | 274 | 152 | 214 | 179 | 179 | 211 |
| Capex / Sales | 13.09% | 28.12% | 30.63% | 18.97% | 11.1% | 8.56% | 7.86% | 8.14% |
| Announcement Date | 4/24/20 | 4/22/21 | 4/15/22 | 4/14/23 | 4/19/24 | - | - | - |
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
OUTPERFORM
Number of Analysts
3
Last Close Price
12.83
CNY
Average target price
15.28
CNY
Spread / Average Target
+19.10%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.92% | 1.08B | |
| -19.82% | 2.65B | |
| -15.54% | 1.75B | |
| +24.91% | 1.19B | |
| -18.25% | 1.16B | |
| +43.78% | 924M | |
| -5.22% | 891M | |
| +5.46% | 787M | |
| +26.58% | 767M | |
| -1.84% | 751M |
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- Financials Huangshan Tourism Development Co.,Ltd.
