Financials Orient International Enterprise, Ltd.

Equities

600278

CNE0000013J6

Apparel & Accessories

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
5.93 CNY +2.77% Intraday chart for Orient International Enterprise, Ltd. +3.85% -15.04%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 6,215 4,256 5,541 7,512 7,026 6,052
Enterprise Value (EV) 1 3,961 2,001 3,016 2,926 3,500 1,757
P/E ratio 36.1 x 28.1 x 48.2 x 24.7 x 18.4 x 16.3 x
Yield 0.84% 1.1% 0.61% 1.08% 1.61% 1.84%
Capitalization / Revenue 0.39 x 0.25 x 0.31 x 0.19 x 0.16 x 0.15 x
EV / Revenue 0.25 x 0.12 x 0.17 x 0.07 x 0.08 x 0.04 x
EV / EBITDA 26.8 x 10.3 x 14.1 x 9.37 x 7.46 x 2.14 x
EV / FCF 141 x -55.8 x 12.8 x -21.4 x -8.2 x 2.26 x
FCF Yield 0.71% -1.79% 7.82% -4.68% -12.2% 44.3%
Price to Book 1.53 x 1.16 x 1.31 x 1.08 x 1.02 x 0.86 x
Nbr of stocks (in thousands) 522,242 522,242 522,242 868,459 868,459 882,260
Reference price 2 11.90 8.150 10.61 8.650 8.090 6.860
Announcement Date 3/30/18 3/29/19 4/10/20 4/14/21 4/25/22 4/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 15,834 16,741 17,692 39,409 43,549 41,477
EBITDA 1 147.9 194.9 214.6 312.4 469.1 819.8
EBIT 1 77.84 118 138.7 202.3 340.6 698.1
Operating Margin 0.49% 0.7% 0.78% 0.51% 0.78% 1.68%
Earnings before Tax (EBT) 1 289.7 246.2 236.4 440.8 579.8 617.8
Net income 1 173.4 151.7 112.6 268 380.8 370.1
Net margin 1.1% 0.91% 0.64% 0.68% 0.87% 0.89%
EPS 2 0.3300 0.2900 0.2200 0.3500 0.4400 0.4200
Free Cash Flow 1 28.15 -35.89 235.8 -136.9 -427 777.9
FCF margin 0.18% -0.21% 1.33% -0.35% -0.98% 1.88%
FCF Conversion (EBITDA) 19.04% - 109.87% - - 94.88%
FCF Conversion (Net income) 16.23% - 209.36% - - 210.18%
Dividend per Share 2 0.1000 0.0900 0.0650 0.0930 0.1300 0.1260
Announcement Date 3/30/18 3/29/19 4/10/20 4/14/21 4/25/22 4/28/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 2,254 2,256 2,524 4,586 3,525 4,295
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 28.2 -35.9 236 -137 -427 778
ROE (net income / shareholders' equity) 5.16% 4.66% 4.43% 5.09% 6.3% 6.51%
ROA (Net income/ Total Assets) 0.61% 0.89% 1.03% 0.76% 1.17% 2.33%
Assets 1 28,303 16,999 10,940 35,193 32,516 15,872
Book Value Per Share 2 7.790 7.020 8.090 8.000 7.960 8.000
Cash Flow per Share 2 5.190 4.920 5.290 6.370 5.530 5.710
Capex 1 213 39.7 36.9 185 306 58.4
Capex / Sales 1.35% 0.24% 0.21% 0.47% 0.7% 0.14%
Announcement Date 3/30/18 3/29/19 4/10/20 4/14/21 4/25/22 4/28/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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