Financials Shenzhen Ellassay Fashion Co.,Ltd.

Equities

603808

CNE100002227

Apparel & Accessories Retailers

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
7.8 ^CNY	+0.65%		+2.50%	-14.94%

2023	Shenzhen Ellassay Fashion Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023	CI
2023	Shenzhen Ellassay Fashion Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2023	CI

Valuation

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	5,473	4,945	4,389	5,385	3,311	2,837	2,837	-
Enterprise Value (EV) ¹	5,473	4,945	4,389	5,385	3,311	2,837	2,837	2,837
P/E ratio	15 x	13.9 x	9.85 x	16.8 x	152 x	16.8 x	8.67 x	7.7 x
Yield	3.23%	1.68%	2.95%	1.71%	1.87%	1.92%	3.14%	2.82%
Capitalization / Revenue	2.25 x	1.89 x	2.24 x	2.28 x	1.38 x	0.98 x	0.85 x	0.73 x
EV / Revenue	2.25 x	1.89 x	2.24 x	2.28 x	1.38 x	0.98 x	0.85 x	0.73 x
EV / EBITDA	8.4 x	8.18 x	7.01 x	11.6 x	15.9 x	5.22 x	3.39 x	3.15 x
EV / FCF	-	-	-	32.1 x	17 x	13.8 x	13.5 x	9.72 x
FCF Yield	-	-	-	3.12%	5.88%	7.23%	7.4%	10.3%
Price to Book	2.35 x	2.64 x	1.99 x	1.9 x	1.22 x	1 x	0.91 x	0.84 x
Nbr of stocks (in thousands)	337,003	332,522	332,516	369,093	363,865	363,733	363,733	-
Reference price ²	16.24	14.87	13.20	14.59	9.100	7.800	7.800	7.800
Announcement Date	4/25/19	4/30/20	4/15/21	4/29/22	4/27/23	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	2,436	2,613	1,962	2,363	2,395	2,899	3,349	3,889
EBITDA ¹	651.2	604.8	626.6	465.7	207.7	543.5	836.5	900.4
EBIT ¹	557.9	491.2	528.1	343.1	81.32	268.8	495.3	601
Operating Margin	22.9%	18.8%	26.92%	14.52%	3.4%	9.27%	14.79%	15.45%
Earnings before Tax (EBT) ¹	558	486.6	523.4	402.4	92.21	274.5	500.4	608.4
Net income ¹	365	356.6	445	303.9	20.45	172.1	332.8	376.4
Net margin	14.98%	13.65%	22.68%	12.86%	0.85%	5.94%	9.94%	9.68%
EPS ²	1.080	1.070	1.340	0.8700	0.0600	0.4650	0.9000	1.013
Free Cash Flow ¹	-	-	-	167.9	194.7	205	210	292
FCF margin	-	-	-	7.11%	8.13%	7.07%	6.27%	7.51%
FCF Conversion (EBITDA)	-	-	-	36.05%	93.76%	37.72%	25.1%	32.43%
FCF Conversion (Net income)	-	-	-	55.26%	952.12%	119.12%	63.09%	77.58%
Dividend per Share ²	0.5250	0.2500	0.3900	0.2500	0.1700	0.1500	0.2450	0.2200
Announcement Date	4/25/19	4/30/20	4/15/21	4/29/22	4/27/23	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 S1
Net sales ¹	1,372
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	109.6
Net margin	7.99%
EPS	-
Dividend per Share	-
Announcement Date	8/29/23

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	168	195	205	210	292
ROE (net income / shareholders' equity)	16.1%	15.1%	21.7%	12.3%	0.74%	6.06%	10.6%	11%
ROA (Net income/ Total Assets)	-	10%	12.7%	-	0.46%	3.75%	6.8%	6.3%
Assets ¹	-	3,554	3,512	-	4,427	4,589	4,895	5,975
Book Value Per Share ²	6.920	5.630	6.640	7.670	7.450	7.830	8.570	9.320
Cash Flow per Share ²	1.220	1.320	0.6500	0.8100	0.8500	0.7100	2.190	1.450
Capex ¹	71.5	91.7	66.6	132	119	116	96.8	120
Capex / Sales	2.93%	3.51%	3.4%	5.6%	4.98%	3.98%	2.89%	3.09%
Announcement Date	4/25/19	4/30/20	4/15/21	4/29/22	4/27/23	-	-	-

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 Shenzhen Ellassay Fashion Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7.8 CNY

Average target price

13.29 CNY

Spread / Average Target

+70.34%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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