YIHAI INTERNATIONAL HOLDING LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.96 HKD | +0.22% |
|
+2.51% | +44.68% |
| Mar. 28 | Jefferies Adjusts Yihai International Holding’s Price Target to HK$15.80 From HK$12.50, Keeps at Hold | MT |
| Mar. 26 | Yihai International Holding Ltd. Announces Board Changes | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 39,734 | 94,886 | 28,796 | 23,896 | 10,934 | 16,076 | - | - |
| Enterprise Value (EV) 1 | 38,252 | 92,899 | 27,223 | 23,896 | 10,934 | 13,347 | 12,955 | 12,432 |
| P/E ratio | 55.1 x | 107 x | 37.6 x | 32.2 x | 12.9 x | 17.3 x | 15.6 x | 14.2 x |
| Yield | 0.5% | 0.26% | 0.75% | - | - | 4.33% | 4.79% | 4.91% |
| Capitalization / Revenue | 9.28 x | 17.7 x | 4.85 x | 3.89 x | 1.78 x | 2.36 x | 2.15 x | 2 x |
| EV / Revenue | 8.93 x | 17.3 x | 4.58 x | 3.89 x | 1.78 x | 1.96 x | 1.73 x | 1.55 x |
| EV / EBITDA | 34 x | 65.4 x | 21.4 x | 18.6 x | 7.9 x | 8.91 x | 7.79 x | 7.05 x |
| EV / FCF | 55.2 x | 109 x | 138 x | - | - | 27.4 x | 13.6 x | 11.6 x |
| FCF Yield | 1.81% | 0.92% | 0.73% | - | - | 3.65% | 7.38% | 8.64% |
| Price to Book | 16.4 x | 30.8 x | 8.08 x | - | - | 3.26 x | 2.95 x | 2.77 x |
| Nbr of stocks (in thousands) | 972,894 | 980,332 | 980,332 | 980,332 | 970,132 | 970,132 | - | - |
| Reference price 2 | 40.84 | 96.79 | 29.37 | 24.38 | 11.27 | 16.57 | 16.57 | 16.57 |
| Announcement Date | 3/25/20 | 3/23/21 | 3/23/22 | 3/30/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,282 | 5,360 | 5,943 | 6,147 | 6,148 | 6,802 | 7,481 | 8,042 |
| EBITDA 1 | 1,126 | 1,420 | 1,270 | 1,283 | 1,384 | 1,497 | 1,662 | 1,764 |
| EBIT 1 | 1,072 | 1,334 | 1,147 | 1,118 | 1,195 | 1,307 | 1,464 | 1,580 |
| Operating Margin | 25.02% | 24.88% | 19.3% | 18.18% | 19.44% | 19.22% | 19.57% | 19.65% |
| Earnings before Tax (EBT) 1 | 1,094 | 1,352 | 1,170 | 1,142 | 1,264 | 1,413 | 1,583 | 1,724 |
| Net income 1 | 718.6 | 885.2 | 766.2 | 742 | 852.7 | 947.9 | 1,062 | 1,161 |
| Net margin | 16.78% | 16.52% | 12.89% | 12.07% | 13.87% | 13.94% | 14.19% | 14.43% |
| EPS 2 | 0.7410 | 0.9020 | 0.7820 | 0.7570 | 0.8750 | 0.9598 | 1.062 | 1.170 |
| Free Cash Flow 1 | 693.3 | 853.1 | 197.5 | - | - | 487.3 | 955.8 | 1,074 |
| FCF margin | 16.19% | 15.92% | 3.32% | - | - | 7.17% | 12.78% | 13.36% |
| FCF Conversion (EBITDA) | 61.57% | 60.08% | 15.55% | - | - | 32.55% | 57.49% | 60.9% |
| FCF Conversion (Net income) | 96.48% | 96.37% | 25.77% | - | - | 51.41% | 90.02% | 92.56% |
| Dividend per Share 2 | 0.2059 | 0.2537 | 0.2196 | - | - | 0.7175 | 0.7938 | 0.8132 |
| Announcement Date | 3/25/20 | 3/23/21 | 3/23/22 | 3/30/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,627 | 2,218 | 3,142 | 2,631 | 3,312 | 2,688 | 3,459 | 2,616 | 3,531 | 2,994 | 3,938 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 693.2 | - | 759.6 | 400 | 631.3 | - | 728.4 | 498.4 | - | 489 | 829.4 |
| Operating Margin | 26.39% | - | 24.18% | 15.2% | 19.06% | - | 21.06% | 19.05% | - | 16.33% | 21.06% |
| Earnings before Tax (EBT) | 708.1 | - | 766.5 | - | 645.3 | - | 740.8 | - | - | - | - |
| Net income | 448.3 | 398.9 | 486.3 | 348.8 | 417.4 | 263.1 | 478.8 | - | - | - | - |
| Net margin | 17.07% | 17.98% | 15.48% | 13.26% | 12.6% | 9.79% | 13.85% | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/25/20 | 8/25/20 | 3/23/21 | 8/24/21 | 3/23/22 | 8/30/22 | 3/30/23 | 8/29/23 | 3/26/24 | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,482 | 1,987 | 1,574 | - | - | 2,729 | 3,120 | 3,644 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 693 | 853 | 197 | - | - | 487 | 956 | 1,074 |
| ROE (net income / shareholders' equity) | 31.1% | 30% | 21.6% | - | - | 19% | 19.2% | 19.6% |
| ROA (Net income/ Total Assets) | 24.9% | 23.3% | 16.5% | - | - | 15.2% | 15.5% | 15.4% |
| Assets 1 | 2,887 | 3,800 | 4,646 | - | - | 6,232 | 6,857 | 7,554 |
| Book Value Per Share 2 | 2.500 | 3.150 | 3.640 | - | - | 5.090 | 5.630 | 5.990 |
| Cash Flow per Share 2 | 0.9800 | 1.200 | 0.8500 | - | - | 1.070 | 1.190 | 1.280 |
| Capex 1 | 258 | 326 | 632 | - | - | 330 | 297 | 289 |
| Capex / Sales | 6.03% | 6.08% | 10.64% | - | - | 4.85% | 3.98% | 3.59% |
| Announcement Date | 3/25/20 | 3/23/21 | 3/23/22 | 3/30/23 | 3/26/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
16.57
CNY
Average target price
15.26
CNY
Spread / Average Target
-7.89%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +45.81% | 2.22B | |
| +2.37% | 29.86B | |
| +20.02% | 24.81B | |
| +5.17% | 11.19B | |
| +18.74% | 5.44B | |
| +20.42% | 4.54B | |
| -9.27% | 3.79B | |
| +2.35% | 3.36B | |
| +4.52% | 3.12B | |
| +28.52% | 2.86B |
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