ZHONG FU TONG GROUP CO., LTD. Financials Zhong Fu Tong Group Co., Ltd.
Equities
300560
CNE100002DG2
Integrated Telecommunications Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.28 CNY | +1.32% |
|
-6.33% | -30.66% |
| Apr. 26 | Zhong Fu Tong Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Zhong Fu Tong Bags Computing Power Leasing Project | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,215 | 2,972 | 3,627 | 3,150 | 2,973 | 4,069 |
| Enterprise Value (EV) 1 | 3,112 | 3,181 | 3,517 | 3,088 | 2,911 | 4,064 |
| P/E ratio | 55.1 x | 52.3 x | 39.1 x | 43.4 x | 82.6 x | -76.7 x |
| Yield | 0.29% | - | 1.1% | 0.63% | 0.33% | - |
| Capitalization / Revenue | 5.86 x | 4.16 x | 4.57 x | 3.22 x | 2.82 x | 3.16 x |
| EV / Revenue | 5.68 x | 4.46 x | 4.43 x | 3.16 x | 2.76 x | 3.16 x |
| EV / EBITDA | 35.7 x | 32.6 x | 29.1 x | 27.6 x | 40.8 x | 44.7 x |
| EV / FCF | 17.8 x | -12.4 x | -221 x | -252 x | -75.4 x | -118 x |
| FCF Yield | 5.62% | -8.08% | -0.45% | -0.4% | -1.33% | -0.85% |
| Price to Book | 6.03 x | 5.12 x | 3.47 x | 2.91 x | 2.66 x | 3.78 x |
| Nbr of stocks (in thousands) | 189,325 | 189,324 | 226,270 | 226,270 | 227,814 | 229,744 |
| Reference price 2 | 16.98 | 15.70 | 16.03 | 13.92 | 13.05 | 17.71 |
| Announcement Date | 4/17/19 | 4/27/20 | 4/28/21 | 4/27/22 | 4/26/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 548.4 | 713.7 | 793.9 | 976.9 | 1,056 | 1,287 |
| EBITDA 1 | 87.16 | 97.7 | 120.9 | 111.8 | 71.43 | 90.9 |
| EBIT 1 | 74.94 | 84.78 | 108.2 | 100.2 | 59.66 | 49.58 |
| Operating Margin | 13.67% | 11.88% | 13.63% | 10.26% | 5.65% | 3.85% |
| Earnings before Tax (EBT) 1 | 78.39 | 75.7 | 99.12 | 87.57 | 39.76 | -58.68 |
| Net income 1 | 58.51 | 56.87 | 82.77 | 72.94 | 35.77 | -52.82 |
| Net margin | 10.67% | 7.97% | 10.43% | 7.47% | 3.39% | -4.11% |
| EPS 2 | 0.3083 | 0.3000 | 0.4100 | 0.3207 | 0.1579 | -0.2309 |
| Free Cash Flow 1 | 174.8 | -257.2 | -15.92 | -12.25 | -38.6 | -34.43 |
| FCF margin | 31.88% | -36.04% | -2.01% | -1.25% | -3.66% | -2.68% |
| FCF Conversion (EBITDA) | 200.56% | - | - | - | - | - |
| FCF Conversion (Net income) | 298.79% | - | - | - | - | - |
| Dividend per Share 2 | 0.0492 | - | 0.1770 | 0.0880 | 0.0430 | - |
| Announcement Date | 4/17/19 | 4/27/20 | 4/28/21 | 4/27/22 | 4/26/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 209 | - | - | - | - |
| Net Cash position 1 | 103 | - | 111 | 61.7 | 61.8 | 4.29 |
| Leverage (Debt/EBITDA) | - | 2.14 x | - | - | - | - |
| Free Cash Flow 1 | 175 | -257 | -15.9 | -12.3 | -38.6 | -34.4 |
| ROE (net income / shareholders' equity) | 12.9% | 10.7% | 10.1% | 6.92% | 3.26% | -4.75% |
| ROA (Net income/ Total Assets) | 5.71% | 4.71% | 4.26% | 2.66% | 1.37% | 1.14% |
| Assets 1 | 1,025 | 1,207 | 1,942 | 2,745 | 2,614 | -4,630 |
| Book Value Per Share 2 | 2.820 | 3.070 | 4.620 | 4.780 | 4.900 | 4.690 |
| Cash Flow per Share 2 | 0.8600 | 0.6200 | 2.290 | 3.460 | 3.560 | 3.280 |
| Capex 1 | 30.8 | 43.2 | 99.9 | 93.4 | 70.5 | 82.1 |
| Capex / Sales | 5.62% | 6.05% | 12.58% | 9.56% | 6.68% | 6.38% |
| Announcement Date | 4/17/19 | 4/27/20 | 4/28/21 | 4/27/22 | 4/26/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -30.66% | 390M | |
| +13.73% | 206B | |
| +7.40% | 170B | |
| +2.07% | 118B | |
| -9.05% | 85.74B | |
| +18.45% | 71.41B | |
| +6.73% | 61.6B | |
| -5.94% | 50.57B | |
| -28.44% | 40.06B | |
| -16.70% | 39.07B |
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