Financials Sun Art Retail Group Limited

Equities

6808

HK0000083920

Food Retail & Distribution

Delayed Hong Kong S.E. 09:20:04 2024-04-28 pm EDT 5-day change 1st Jan Change
1.58 HKD +1.28% Intraday chart for Sun Art Retail Group Limited +7.48% +12.86%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 62,404 100,213 51,141 22,015 26,290 13,776 - -
Enterprise Value (EV) 1 49,137 92,682 51,141 3,356 6,841 -1,188 -2,914 -5,264
P/E ratio 21.8 x 35 x 14.5 x -28.8 x 276 x -72.1 x 30.3 x 17.2 x
Yield 2.14% - - 1.65% 1.45% 1.81% 1.79% 2.46%
Capitalization / Revenue 0.65 x 1.05 x 0.41 x 0.25 x 0.31 x 0.18 x 0.18 x 0.17 x
EV / Revenue 0.52 x 0.97 x 0.41 x 0.04 x 0.08 x -0.02 x -0.04 x -0.06 x
EV / EBITDA 5.18 x 10.6 x - 0.86 x 1.42 x -0.35 x -0.73 x -1.16 x
EV / FCF 18 x - - 2.1 x 2.4 x -0.55 x -0.8 x -1.49 x
FCF Yield 5.56% - - 47.6% 41.6% -181% -126% -67.3%
Price to Book 2.61 x 3.93 x - 0.92 x 1.12 x 0.61 x 0.6 x 0.58 x
Nbr of stocks (in thousands) 9,539,705 9,539,705 9,539,705 9,539,705 9,539,705 9,539,705 - -
Reference price 2 6.542 10.50 5.361 2.308 2.756 1.444 1.444 1.444
Announcement Date 2/20/20 1/31/21 5/10/21 5/24/22 5/16/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 95,357 95,486 124,334 88,134 83,662 76,705 77,876 81,485
EBITDA 1 9,482 8,768 - 3,880 4,805 3,416 3,967 4,522
EBIT 1 4,458 4,664 - 18 1,177 752.7 1,151 1,677
Operating Margin 4.68% 4.88% - 0.02% 1.41% 0.98% 1.48% 2.06%
Earnings before Tax (EBT) 1 4,252 4,114 - -503 722 352.8 745.4 1,325
Net income 1 2,834 2,872 3,572 -739 109 -57.74 462.8 833.2
Net margin 2.97% 3.01% 2.87% -0.84% 0.13% -0.08% 0.59% 1.02%
EPS 2 0.3000 0.3000 0.3700 -0.0800 0.0100 -0.0200 0.0476 0.0837
Free Cash Flow 1 2,734 - - 1,598 2,848 2,152 3,662 3,541
FCF margin 2.87% - - 1.81% 3.4% 2.81% 4.7% 4.35%
FCF Conversion (EBITDA) 28.83% - - 41.19% 59.27% 63.01% 92.32% 78.29%
FCF Conversion (Net income) 96.47% - - - 2,612.84% - 791.27% 424.95%
Dividend per Share 2 0.1400 - - 0.0380 0.0400 0.0261 0.0258 0.0355
Announcement Date 2/20/20 1/31/21 5/10/21 5/24/22 5/16/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2020 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 53,170 42,316 - 46,600 40,611 43,051 35,768 40,147
EBITDA - - - - - - - -
EBIT 3,346 1,318 - - - - - -
Operating Margin 6.29% 3.11% - - - - - -
Earnings before Tax (EBT) 1 3,062 1,052 - -797 265 457 -194 529
Net income 1 2,062 810 117 -856 -69 178 -359 171
Net margin 3.88% 1.91% - -1.84% -0.17% 0.41% -1% 0.43%
EPS - - 0.0100 - - - - -
Dividend per Share - - - - - - - -
Announcement Date 8/12/20 1/31/21 11/1/21 5/24/22 11/15/22 5/16/23 11/14/23 -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 13,267 7,531 - 18,659 19,449 14,963 16,690 19,040
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2,734 - - 1,598 2,848 2,152 3,662 3,541
ROE (net income / shareholders' equity) 12.3% 11.6% - -2.95% 0.46% 0.02% 2% 3.45%
ROA (Net income/ Total Assets) 4.02% 4.05% - -1.1% 0.17% 0.33% 0.83% 1.61%
Assets 1 70,531 70,907 - 67,489 64,931 -17,417 55,573 51,782
Book Value Per Share 2 2.510 2.670 - 2.510 2.470 2.380 2.400 2.470
Cash Flow per Share 2 0.4800 0.8600 - 0.3800 0.4500 0.3200 0.4100 0.4600
Capex 1 1,871 1,561 - 1,979 1,454 1,773 2,070 2,291
Capex / Sales 1.96% 1.63% - 2.25% 1.74% 2.31% 2.66% 2.81%
Announcement Date 2/20/20 1/31/21 5/10/21 5/24/22 5/16/23 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
1.444 CNY
Average target price
1.564 CNY
Spread / Average Target
+8.31%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. 6808 Stock
  4. Financials Sun Art Retail Group Limited