Financials Shanghai Metersbonwe Fashion and Accessories Co., Ltd.

Equities

002269

CNE100000CQ7

Apparel & Accessories

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1.47 CNY +0.68% Intraday chart for Shanghai Metersbonwe Fashion and Accessories Co., Ltd. -0.68% -14.04%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 8,266 5,804 6,407 3,894 6,357 5,075
Enterprise Value (EV) 1 9,154 6,502 7,210 5,059 7,748 6,040
P/E ratio -27.1 x 116 x -7.73 x -4.56 x -13.3 x -6.12 x
Yield - - - - - -
Capitalization / Revenue 1.28 x 0.76 x 1.17 x 1.02 x 2.41 x 3.53 x
EV / Revenue 1.41 x 0.85 x 1.32 x 1.32 x 2.94 x 4.2 x
EV / EBITDA -43.2 x 51.7 x -12 x -7.92 x -12.1 x -9.76 x
EV / FCF -26.5 x 18.6 x 122 x -42.4 x 27.9 x 39.6 x
FCF Yield -3.77% 5.37% 0.82% -2.36% 3.58% 2.52%
Price to Book 2.91 x 2.02 x 3.14 x 3.3 x 8.93 x 20.5 x
Nbr of stocks (in thousands) 2,512,500 2,512,500 2,512,500 2,512,500 2,512,500 2,512,500
Reference price 2 3.290 2.310 2.550 1.550 2.530 2.020
Announcement Date 4/26/18 4/8/19 4/29/20 4/26/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 6,472 7,677 5,463 3,819 2,639 1,439
EBITDA 1 -212.1 125.9 -602.3 -638.9 -641.1 -618.9
EBIT 1 -282.5 54.62 -673.4 -697.7 -694.4 -654.5
Operating Margin -4.37% 0.71% -12.33% -18.27% -26.31% -45.47%
Earnings before Tax (EBT) 1 -298.8 48.78 -819.6 -821.4 -469.5 -831
Net income 1 -304.8 40.36 -825.5 -859.4 -468.5 -822.8
Net margin -4.71% 0.53% -15.11% -22.5% -17.75% -57.17%
EPS 2 -0.1213 0.0200 -0.3300 -0.3400 -0.1900 -0.3300
Free Cash Flow 1 -345.2 349.3 59.22 -119.3 277.7 152.4
FCF margin -5.33% 4.55% 1.08% -3.12% 10.53% 10.59%
FCF Conversion (EBITDA) - 277.5% - - - -
FCF Conversion (Net income) - 865.41% - - - -
Dividend per Share - - - - - -
Announcement Date 4/26/18 4/8/19 4/29/20 4/26/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 888 698 803 1,165 1,392 965
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -4.187 x 5.548 x -1.333 x -1.823 x -2.17 x -1.56 x
Free Cash Flow 1 -345 349 59.2 -119 278 152
ROE (net income / shareholders' equity) -10.2% 1.41% -33.6% -53.4% -49.5% -128%
ROA (Net income/ Total Assets) -2.76% 0.49% -6.2% -7.47% -8.34% -8.81%
Assets 1 11,050 8,174 13,325 11,505 5,614 9,341
Book Value Per Share 2 1.130 1.150 0.8100 0.4700 0.2800 0.1000
Cash Flow per Share 2 0.2200 0.1500 0.1500 0.0700 0.1300 0.0500
Capex 1 264 287 138 60.1 67.8 37.7
Capex / Sales 4.08% 3.74% 2.53% 1.57% 2.57% 2.62%
Announcement Date 4/26/18 4/8/19 4/29/20 4/26/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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