Financials Wangfujing Group Co., Ltd.

Equities

600859

CNE000000GQ9

Department Stores

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
13.55 CNY +3.91% Intraday chart for Wangfujing Group Co., Ltd. +7.20% -15.15%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,860 25,290 30,587 31,940 18,127 15,380 - -
Enterprise Value (EV) 1 10,860 25,290 30,587 23,917 8,964 14,112 14,042 15,380
P/E ratio 11.3 x 65.8 x 19.9 x 164 x 25.6 x 17.5 x 12.8 x 12 x
Yield 2.72% 0.46% 1.48% 0.36% 1.25% 2.35% 2.83% 4.02%
Capitalization / Revenue 0.41 x 3.08 x 2.4 x 2.96 x 1.48 x 1.16 x 1.04 x 0.95 x
EV / Revenue 0.41 x 3.08 x 2.4 x 2.21 x 0.73 x 1.07 x 0.95 x 0.95 x
EV / EBITDA 4.88 x 19.2 x 11.1 x 16.7 x 4.32 x 4.55 x 4.41 x 3.05 x
EV / FCF - - 18.3 x 26.2 x 3.32 x 5.67 x 4.83 x -
FCF Yield - - 5.46% 3.82% 30.1% 17.6% 20.7% -
Price to Book 0.95 x 2.2 x 1.58 x 1.67 x 0.92 x 0.76 x 0.72 x 0.71 x
Nbr of stocks (in thousands) 776,250 776,250 1,132,841 1,135,049 1,135,049 1,135,049 - -
Reference price 2 13.99 32.58 27.00 28.14 15.97 13.55 13.55 13.55
Announcement Date 4/25/20 4/23/21 4/22/22 4/14/23 4/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 26,789 8,223 12,753 10,800 12,224 13,208 14,793 16,207
EBITDA 1 2,225 1,314 2,749 1,436 2,076 3,100 3,181 5,047
EBIT 1 1,528 623.6 1,906 538.8 1,154 1,589 1,898 2,035
Operating Margin 5.7% 7.58% 14.94% 4.99% 9.44% 12.03% 12.83% 12.56%
Earnings before Tax (EBT) 1 1,445 646.9 1,906 533.2 1,208 1,464 1,765 2,032
Net income 1 961.3 386.7 1,340 194.9 709.4 876.9 1,204 1,288
Net margin 3.59% 4.7% 10.51% 1.8% 5.8% 6.64% 8.14% 7.95%
EPS 2 1.238 0.4950 1.358 0.1720 0.6240 0.7744 1.062 1.133
Free Cash Flow 1 - - 1,670 913 2,703 2,488 2,906 -
FCF margin - - 13.09% 8.45% 22.11% 18.84% 19.64% -
FCF Conversion (EBITDA) - - 60.73% 63.59% 130.18% 80.27% 91.36% -
FCF Conversion (Net income) - - 124.58% 468.41% 380.97% 283.73% 241.46% -
Dividend per Share 2 0.3800 0.1500 0.4000 0.1000 0.2000 0.3188 0.3838 0.5450
Announcement Date 4/25/20 4/23/21 4/22/22 4/14/23 4/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2021 S1 2021 Q4 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 13,422 4,688 5,744 - 2,333 3,367 3,013 2,885 2,959 3,308 3,291 3,300 2,823 4,007 3,586
EBITDA 1 - - - - - - - - - - 897.1 860.1 502.3 1,004 1,010
EBIT 1 - - - - -185.1 347.8 400.6 257.9 147.7 316.5 474.5 437.6 79.78 562.3 568.4
Operating Margin - - - - -7.93% 10.33% 13.29% 8.94% 4.99% 9.57% 14.42% 13.26% 2.83% 14.03% 15.85%
Earnings before Tax (EBT) 1 - - - - -201.9 359.4 443.5 235.7 169.9 327.5 421.6 370.6 6.079 477.6 521.5
Net income 1 699.5 480.5 - 33.42 -220 226.4 291.1 130.4 61.47 201.8 262.9 281 36.48 281.8 311.2
Net margin 5.21% 10.25% - - -9.43% 6.73% 9.66% 4.52% 2.08% 6.1% 7.99% 8.52% 1.29% 7.03% 8.68%
EPS 2 0.9010 - - 0.0300 -0.2000 0.1990 0.2600 0.1100 0.0500 0.1780 0.2316 0.2476 0.0321 0.2482 0.2742
Dividend per Share 2 - - - - - - - - - - 0.2441 - - - 0.3090
Announcement Date 8/30/19 8/27/21 4/22/22 10/28/22 4/14/23 4/28/23 8/25/23 10/27/23 4/19/24 4/27/24 - - - - -
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 - - - 8,024 9,163 1,268 1,338 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 1,670 913 2,703 2,488 2,906 -
ROE (net income / shareholders' equity) 8.66% 3.37% 8.86% 1.01% 3.65% 4.34% 5.61% 5.94%
ROA (Net income/ Total Assets) 4.2% 1.68% 3.96% - - 2.15% 2.49% 3.13%
Assets 1 22,905 23,061 33,874 - - 40,786 48,269 41,227
Book Value Per Share 2 14.70 14.80 17.10 16.90 17.40 17.90 18.90 19.20
Cash Flow per Share 2 1.730 1.050 2.450 1.450 3.180 2.310 2.330 2.980
Capex 1 1,038 617 1,102 728 902 964 755 811
Capex / Sales 3.88% 7.5% 8.64% 6.74% 7.38% 7.3% 5.1% 5%
Announcement Date 4/25/20 4/23/21 4/22/22 4/14/23 4/19/24 - - -
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
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
13.55 CNY
Average target price
17.4 CNY
Spread / Average Target
+28.41%
Consensus
  1. Stock Market
  2. Equities
  3. 600859 Stock
  4. Financials Wangfujing Group Co., Ltd.