SONGCHENG PERFORMANCE DEVELOPMENT CO.,LTD Financials Songcheng Performance Development Co.,Ltd
Equities
300144
CNE100000XG4
Entertainment Production
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.86 CNY | +0.09% |
|
+7.00% | +10.03% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 44,900 | 46,332 | 37,442 | 38,175 | 25,860 | 28,454 | - | - |
| Enterprise Value (EV) 1 | 43,115 | 45,289 | 35,891 | 36,144 | 23,119 | 24,479 | 23,053 | 21,284 |
| P/E ratio | 33.5 x | -26.4 x | 119 x | 3,946 x | -235 x | 23.5 x | 19 x | 17.7 x |
| Yield | 0.65% | 0.28% | 0.35% | 0.34% | 1.01% | 1.53% | 1.58% | 1.73% |
| Capitalization / Revenue | 17.2 x | 51.3 x | 31.6 x | 83.4 x | 13.4 x | 10.7 x | 8.85 x | 8.73 x |
| EV / Revenue | 16.5 x | 50.2 x | 30.3 x | 78.9 x | 12 x | 9.23 x | 7.17 x | 6.53 x |
| EV / EBITDA | 21.8 x | -32.2 x | 49.5 x | 103 x | 52.2 x | 13.7 x | 10.3 x | 9.23 x |
| EV / FCF | 56.7 x | -72.8 x | 548 x | 411 x | 22.6 x | 26 x | 15.4 x | - |
| FCF Yield | 1.76% | -1.37% | 0.18% | 0.24% | 4.43% | 3.84% | 6.5% | - |
| Price to Book | 4.67 x | 6.25 x | 4.9 x | 5.06 x | 3.57 x | 3.46 x | 2.76 x | 2.51 x |
| Nbr of stocks (in thousands) | 2,614,694 | 2,614,694 | 2,614,694 | 2,614,694 | 2,620,094 | 2,620,094 | - | - |
| Reference price 2 | 17.17 | 17.72 | 14.32 | 14.60 | 9.870 | 10.86 | 10.86 | 10.86 |
| Announcement Date | 2/26/20 | 4/22/21 | 4/22/22 | 4/27/23 | 4/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,612 | 902.6 | 1,185 | 457.8 | 1,926 | 2,652 | 3,214 | 3,261 |
| EBITDA 1 | 1,982 | -1,406 | 724.6 | 350.9 | 442.8 | 1,792 | 2,230 | 2,305 |
| EBIT 1 | 1,726 | -1,699 | 372.5 | -7.794 | 92.46 | 1,481 | 1,912 | 1,956 |
| Operating Margin | 66.07% | -188.28% | 31.44% | -1.7% | 4.8% | 55.86% | 59.5% | 59.99% |
| Earnings before Tax (EBT) 1 | 1,630 | -1,737 | 343.8 | -13.84 | 43.22 | 1,480 | 1,901 | 1,991 |
| Net income 1 | 1,340 | -1,752 | 315.1 | 9.658 | -109.9 | 1,207 | 1,503 | 1,606 |
| Net margin | 51.3% | -194.15% | 26.6% | 2.11% | -5.71% | 45.51% | 46.77% | 49.25% |
| EPS 2 | 0.5124 | -0.6702 | 0.1205 | 0.003700 | -0.0420 | 0.4617 | 0.5731 | 0.6136 |
| Free Cash Flow 1 | 760.2 | -621.8 | 65.46 | 87.9 | 1,023 | 940.8 | 1,498 | - |
| FCF margin | 29.11% | -68.89% | 5.52% | 19.2% | 53.12% | 35.48% | 46.62% | - |
| FCF Conversion (EBITDA) | 38.35% | - | 9.03% | 25.05% | 231.06% | 52.5% | 67.18% | - |
| FCF Conversion (Net income) | 56.74% | - | 20.77% | 910.1% | - | 77.95% | 99.68% | - |
| Dividend per Share 2 | 0.1111 | 0.0500 | 0.0500 | 0.0500 | 0.1000 | 0.1664 | 0.1718 | 0.1881 |
| Announcement Date | 2/26/20 | 4/22/21 | 4/22/22 | 4/27/23 | 4/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 169.2 | - | 26.41 | 276.4 | 69.66 | 506.1 | 877.2 | 308.6 | 691 | 989.1 | 470.1 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | -117.9 | - | -23.82 | 113.3 | -74.74 | 292.1 | 579.1 | -857.4 | - | - | - | - | - |
| Operating Margin | -69.66% | - | -90.18% | 41% | -107.31% | 57.71% | 66.02% | -277.85% | - | - | - | - | - |
| Earnings before Tax (EBT) | -140.2 | - | -2.59 | 110.3 | -77.37 | 290.1 | 578.4 | -903.9 | - | - | - | - | - |
| Net income | -117.4 | - | 9.474 | 104.9 | -66.1 | 242.5 | 484.3 | -897 | - | - | - | - | - |
| Net margin | -69.37% | - | 35.87% | 37.94% | -94.9% | 47.92% | 55.21% | -290.69% | - | - | - | - | - |
| EPS 2 | -0.0500 | - | 0.003700 | 0.0400 | -0.0300 | 0.1000 | 0.1800 | -0.3400 | 0.1300 | 0.2100 | 0.0200 | - | - |
| Dividend per Share 2 | 0.0500 | - | - | - | 0.0500 | - | - | - | - | - | 0.1149 | - | - |
| Announcement Date | 4/22/22 | 4/22/22 | 8/26/22 | 10/27/22 | 4/27/23 | 8/25/23 | 10/25/23 | 4/25/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,785 | 1,043 | 1,552 | 2,031 | 2,742 | 3,975 | 5,401 | 7,170 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 760 | -622 | 65.5 | 87.9 | 1,023 | 941 | 1,498 | - |
| ROE (net income / shareholders' equity) | 14.5% | -20.5% | 4.22% | 0.13% | -1.49% | 15.3% | 15.1% | 15.5% |
| ROA (Net income/ Total Assets) | 12.3% | -17.3% | 3.31% | - | - | 13% | 11.9% | - |
| Assets 1 | 10,929 | 10,118 | 9,511 | - | - | 9,284 | 12,591 | - |
| Book Value Per Share 2 | 3.680 | 2.830 | 2.920 | 2.890 | 2.770 | 3.140 | 3.940 | 4.330 |
| Cash Flow per Share 2 | 0.6000 | 0.1500 | 0.2900 | 0.1300 | 0.5400 | 0.6300 | 0.7700 | 0.8400 |
| Capex 1 | 811 | 1,016 | 685 | 244 | 396 | 428 | 380 | 730 |
| Capex / Sales | 31.06% | 112.54% | 57.81% | 53.31% | 20.54% | 16.13% | 11.81% | 22.39% |
| Announcement Date | 2/26/20 | 4/22/21 | 4/22/22 | 4/27/23 | 4/25/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
10.86
CNY
Average target price
14.74
CNY
Spread / Average Target
+35.77%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.03% | 3.93B | |
| +23.15% | 1.88B |
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- Financials Songcheng Performance Development Co.,Ltd
