SHANGHAI HAIXIN GROUP CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.74 CNY | +0.35% |
|
+7.69% | -16.45% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 6,532 | 7,244 | 7,044 | 7,622 | 5,395 | 6,149 |
| Enterprise Value (EV) 1 | 6,277 | 7,013 | 6,746 | 7,080 | 4,708 | 5,476 |
| P/E ratio | 62 x | 93.4 x | 82.1 x | 81.2 x | 43 x | 49.9 x |
| Yield | 0.5% | 0.37% | 0.37% | 0.39% | 0.77% | 0.95% |
| Capitalization / Revenue | 5.95 x | 6.52 x | 7.55 x | 5.04 x | 3.75 x | 5.2 x |
| EV / Revenue | 5.71 x | 6.31 x | 7.23 x | 4.69 x | 3.27 x | 4.63 x |
| EV / EBITDA | 107 x | -193 x | -128 x | -107 x | 137 x | 76.5 x |
| EV / FCF | -61.5 x | -40.4 x | -348 x | -72.6 x | -474 x | -78.6 x |
| FCF Yield | -1.63% | -2.48% | -0.29% | -1.38% | -0.21% | -1.27% |
| Price to Book | 2.45 x | 2.52 x | 2.34 x | 2.6 x | 1.84 x | 2.09 x |
| Nbr of stocks (in thousands) | 1,207,057 | 1,207,057 | 1,207,057 | 1,207,057 | 1,207,057 | 1,207,057 |
| Reference price 2 | 6.940 | 8.040 | 8.120 | 8.880 | 5.850 | 6.870 |
| Announcement Date | 4/15/19 | 4/27/20 | 4/20/21 | 4/18/22 | 4/27/23 | 4/19/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,099 | 1,112 | 932.7 | 1,511 | 1,440 | 1,183 |
| EBITDA 1 | 58.54 | -36.26 | -52.9 | -66.18 | 34.33 | 71.58 |
| EBIT 1 | 31.09 | -62.83 | -79.45 | -89.64 | 11.05 | 48.68 |
| Operating Margin | 2.83% | -5.65% | -8.52% | -5.93% | 0.77% | 4.12% |
| Earnings before Tax (EBT) 1 | 180.1 | 132.4 | 105.4 | 103.7 | 230.3 | 207.2 |
| Net income 1 | 135.3 | 103.9 | 119.4 | 132.1 | 164.1 | 166 |
| Net margin | 12.31% | 9.35% | 12.8% | 8.74% | 11.39% | 14.04% |
| EPS 2 | 0.1120 | 0.0861 | 0.0989 | 0.1094 | 0.1359 | 0.1376 |
| Free Cash Flow 1 | -102.1 | -173.6 | -19.38 | -97.51 | -9.928 | -69.65 |
| FCF margin | -9.3% | -15.62% | -2.08% | -6.45% | -0.69% | -5.89% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0350 | 0.0300 | 0.0300 | 0.0350 | 0.0450 | 0.0650 |
| Announcement Date | 4/15/19 | 4/27/20 | 4/20/21 | 4/18/22 | 4/27/23 | 4/19/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 255 | 232 | 299 | 541 | 687 | 672 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | -102 | -174 | -19.4 | -97.5 | -9.93 | -69.7 |
| ROE (net income / shareholders' equity) | 4.12% | 2.8% | 2.33% | 2.16% | 4.78% | 4.71% |
| ROA (Net income/ Total Assets) | 0.41% | -0.81% | -0.92% | -1.02% | 0.13% | 0.62% |
| Assets 1 | 32,717 | -12,796 | -12,963 | -12,910 | 121,884 | 26,848 |
| Book Value Per Share 2 | 2.830 | 3.190 | 3.470 | 3.420 | 3.180 | 3.280 |
| Cash Flow per Share 2 | 0.2800 | 0.3200 | 0.3300 | 0.2700 | 0.3500 | 0.4200 |
| Capex 1 | 106 | 239 | 155 | 74 | 15.9 | 61.8 |
| Capex / Sales | 9.66% | 21.46% | 16.6% | 4.9% | 1.11% | 5.22% |
| Announcement Date | 4/15/19 | 4/27/20 | 4/20/21 | 4/18/22 | 4/27/23 | 4/19/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -16.45% | 717M | |
| +19.27% | 43.75B | |
| +25.15% | 22.06B | |
| +15.11% | 14.46B | |
| +12.33% | 13.62B | |
| +38.36% | 11.61B | |
| -8.41% | 6.9B | |
| -0.05% | 6.79B | |
| -8.87% | 5.73B | |
| +10.21% | 5.32B |
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