Financials Luolai Lifestyle Technology Co., Ltd.

Equities

002293

CNE100000FV0

Home Furnishings

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
9.01 ^CNY	-0.22%		-9.17%	-3.01%

Apr. 26	Luolai Lifestyle Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 26	Luolai Lifestyle Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,516	10,268	11,974	9,385	7,723	7,488	-	-
Enterprise Value (EV) ¹	5,704	8,663	11,125	8,922	6,397	7,114	7,155	7,488
P/E ratio	13.8 x	17.6 x	16.8 x	16.4 x	13.6 x	11.9 x	8.73 x	8.92 x
Yield	5.51%	4.82%	4.19%	5.35%	4.31%	6.1%	7.1%	7.99%
Capitalization / Revenue	1.55 x	2.09 x	2.08 x	1.77 x	1.45 x	1.23 x	1.09 x	1.02 x
EV / Revenue	1.17 x	1.76 x	1.93 x	1.68 x	1.2 x	1.17 x	1.04 x	1.02 x
EV / EBITDA	8.4 x	11.1 x	11.7 x	10.3 x	8.15 x	7.23 x	6.15 x	-
EV / FCF	13,483,164 x	17,683,155 x	19,098,757 x	40,310,668 x	9,208,085 x	-	-	-
FCF Yield	0%	0%	0%	0%	0%	-	-	-
Price to Book	1.84 x	2.4 x	2.96 x	2.26 x	1.83 x	1.71 x	1.65 x	1.47 x
Nbr of stocks (in thousands)	827,765	824,729	835,599	836,484	831,323	831,080	-	-
Reference price ²	9.080	12.45	14.33	11.22	9.290	9.010	9.010	9.010
Announcement Date	2/27/20	4/12/21	4/19/22	4/19/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,860	4,911	5,760	5,314	5,315	6,091	6,863	7,318
EBITDA ¹	679.3	779.3	953.3	866.4	785	983.9	1,164	-
EBIT ¹	601.9	694.8	842.9	672.3	661.6	743	1,022	983
Operating Margin	12.38%	14.15%	14.63%	12.65%	12.45%	12.2%	14.89%	13.43%
Earnings before Tax (EBT) ¹	678.2	704.7	853.8	667	673.6	750	981.2	990
Net income ¹	546.1	585	713.2	573.5	572.4	638	863.8	841
Net margin	11.24%	11.91%	12.38%	10.79%	10.77%	10.47%	12.59%	11.49%
EPS ²	0.6560	0.7059	0.8545	0.6840	0.6837	0.7600	1.032	1.010
Free Cash Flow	423	489.9	582.5	221.3	694.7	-	-	-
FCF margin	8.7%	9.98%	10.11%	4.17%	13.07%	-	-	-
FCF Conversion (EBITDA)	62.28%	62.86%	61.1%	25.55%	88.5%	-	-	-
FCF Conversion (Net income)	77.47%	83.75%	81.67%	38.59%	121.36%	-	-	-
Dividend per Share ²	0.5000	0.6000	0.6000	0.6000	0.4000	0.5500	0.6400	0.7200
Announcement Date	2/27/20	4/12/21	4/19/22	4/19/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S1	2023 S1
Net sales ¹	2,187	2,456
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income ¹	207.4	284.5
Net margin	9.48%	11.58%
EPS	-	-
Dividend per Share	-	-
Announcement Date	8/21/19	8/21/23

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	1,812	1,605	849	463	1,326	374	333	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	423	490	582	221	695	-	-	-
ROE (net income / shareholders' equity)	13.5%	14.1%	16.5%	13.7%	13.6%	16.9%	18.7%	16.4%
ROA (Net income/ Total Assets)	10.5%	10.5%	11.8%	8.66%	-	8.69%	10.8%	9.79%
Assets ¹	5,212	5,596	6,050	6,624	-	7,342	7,962	8,590
Book Value Per Share ²	4.940	5.180	4.840	4.960	5.070	5.260	5.470	6.150
Cash Flow per Share ²	0.9200	1.030	0.8700	0.5100	1.120	0.8100	1.090	1.060
Capex ¹	338	361	145	210	241	217	226	200
Capex / Sales	6.96%	7.36%	2.52%	3.96%	4.53%	3.56%	3.29%	2.73%
Announcement Date	2/27/20	4/12/21	4/19/22	4/19/23	4/26/24	-	-	-

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

Ratings for Luolai Lifestyle Technology Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9.01 CNY

Average target price

11.37 CNY

Spread / Average Target

+26.19%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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