YUANSHENGTAI DAIRY FARM LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.1 HKD | +6.38% |
|
+5.26% | -18.70% |
| Mar. 28 | YuanShengTai Dairy Farm Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 11 | China Feihe Forecasts Lower Profit for 2023 | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 687.8 | 1,237 | 2,961 | 921.1 | 932.1 | 524.4 |
| Enterprise Value (EV) 1 | -291.8 | 226.8 | 2,008 | 230.3 | 1,072 | 1,049 |
| P/E ratio | -1.24 x | 5.54 x | 5.12 x | 5.87 x | 40.8 x | -1.54 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.63 x | 0.89 x | 1.91 x | 0.52 x | 0.45 x | 0.24 x |
| EV / Revenue | -0.27 x | 0.16 x | 1.29 x | 0.13 x | 0.51 x | 0.47 x |
| EV / EBITDA | -1.16 x | 0.58 x | 4.92 x | 0.49 x | 2.13 x | 1.77 x |
| EV / FCF | 0.54 x | -0.83 x | -6.4 x | -0.49 x | -1.21 x | -1.51 x |
| FCF Yield | 186% | -121% | -15.6% | -204% | -82.3% | -66% |
| Price to Book | 0.17 x | 0.29 x | 0.6 x | 0.18 x | 0.18 x | 0.11 x |
| Nbr of stocks (in thousands) | 4,690,496 | 4,690,496 | 4,690,496 | 4,690,496 | 4,690,496 | 4,690,496 |
| Reference price 2 | 0.1466 | 0.2636 | 0.6312 | 0.1964 | 0.1987 | 0.1118 |
| Announcement Date | 4/25/19 | 4/23/20 | 4/20/21 | 4/26/22 | 4/27/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,100 | 1,390 | 1,554 | 1,777 | 2,090 | 2,209 |
| EBITDA 1 | 251.6 | 393.9 | 408.1 | 465.7 | 502.9 | 592.9 |
| EBIT 1 | 183.2 | 317.8 | 323.2 | 363.1 | 386.6 | 451.4 |
| Operating Margin | 16.66% | 22.87% | 20.8% | 20.44% | 18.49% | 20.44% |
| Earnings before Tax (EBT) 1 | -556.3 | 223.1 | 578 | 157 | 22.84 | -337.2 |
| Net income 1 | -556.3 | 223.1 | 578 | 157 | 22.84 | -339.7 |
| Net margin | -50.59% | 16.05% | 37.19% | 8.84% | 1.09% | -15.38% |
| EPS 2 | -0.1186 | 0.0476 | 0.1232 | 0.0335 | 0.004869 | -0.0724 |
| Free Cash Flow 1 | -544.1 | -273.8 | -314 | -468.7 | -882.9 | -692.5 |
| FCF margin | -49.48% | -19.7% | -20.21% | -26.38% | -42.24% | -31.35% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/25/19 | 4/23/20 | 4/20/21 | 4/26/22 | 4/27/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 140 | 524 |
| Net Cash position 1 | 980 | 1,010 | 952 | 691 | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.2789 x | 0.8843 x |
| Free Cash Flow 1 | -544 | -274 | -314 | -469 | -883 | -692 |
| ROE (net income / shareholders' equity) | -12.8% | 5.3% | 12.5% | 3.16% | 0.45% | -6.9% |
| ROA (Net income/ Total Assets) | 2.23% | 4.07% | 3.76% | 3.64% | 3.3% | 3.46% |
| Assets 1 | -24,917 | 5,477 | 15,372 | 4,314 | 691.5 | -9,806 |
| Book Value Per Share 2 | 0.8700 | 0.9200 | 1.040 | 1.080 | 1.080 | 1.020 |
| Cash Flow per Share 2 | 0.2100 | 0.2200 | 0.2200 | 0.2000 | 0.1200 | 0.2000 |
| Capex 1 | 598 | 458 | 680 | 997 | 1,588 | 1,135 |
| Capex / Sales | 54.4% | 32.94% | 43.79% | 56.13% | 75.95% | 51.37% |
| Announcement Date | 4/25/19 | 4/23/20 | 4/20/21 | 4/26/22 | 4/27/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -18.70% | 60.04M | |
| -12.16% | 659M | |
| -25.28% | 207M | |
| -9.68% | 98.1M | |
| -41.62% | 96.68M |
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