Financials Kingnet Network Co., Ltd.

Equities

002517

CNE100000XB5

Footwear

End-of-day quote Shenzhen S.E. 06:00:00 2024-06-06 pm EDT 5-day change 1st Jan Change
10.39 CNY -0.48% Intraday chart for Kingnet Network Co., Ltd. -4.50% -6.98%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,549 10,108 12,261 13,826 23,798 21,970 - -
Enterprise Value (EV) 1 5,549 10,108 12,261 13,826 21,004 17,836 15,899 13,681
P/E ratio -3 x 52.2 x 21.6 x 13.4 x 16.2 x 12 x 10.3 x 8.74 x
Yield - - - - 0.9% 2.31% 2.67% 3.95%
Capitalization / Revenue - 6.55 x 5.16 x 3.71 x 5.54 x 4.04 x 3.43 x 3.05 x
EV / Revenue - 6.55 x 5.16 x 3.71 x 4.89 x 3.28 x 2.49 x 1.9 x
EV / EBITDA - 37.8 x 14.3 x 9.9 x 11.7 x 8.84 x 6.69 x 4.98 x
EV / FCF - - - 10.2 x - 10.8 x 8.67 x 6.72 x
FCF Yield - - - 9.78% - 9.25% 11.5% 14.9%
Price to Book - 3.51 x 3.68 x 3.16 x 4.59 x 3.16 x 2.28 x 1.92 x
Nbr of stocks (in thousands) 2,150,588 2,150,588 2,106,755 2,107,680 2,130,570 2,114,496 - -
Reference price 2 2.580 4.700 5.820 6.560 11.17 10.39 10.39 10.39
Announcement Date 2/28/20 4/13/21 4/28/22 4/26/23 4/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 1,543 2,375 3,726 4,295 5,439 6,398 7,196
EBITDA 1 - 267.4 857.6 1,397 1,793 2,018 2,378 2,745
EBIT 1 - 228.8 906.2 1,341 1,698 2,021 2,418 2,846
Operating Margin - 14.83% 38.15% 35.98% 39.52% 37.16% 37.8% 39.55%
Earnings before Tax (EBT) 1 - 253.6 936.2 1,384 1,697 2,035 2,436 2,874
Net income 1 - 177.9 576.7 1,025 1,462 1,863 2,171 2,561
Net margin - 11.53% 24.28% 27.52% 34.03% 34.24% 33.94% 35.59%
EPS 2 -0.8606 0.0900 0.2700 0.4900 0.6900 0.8651 1.009 1.189
Free Cash Flow 1 - - - 1,352 - 1,649 1,834 2,037
FCF margin - - - 36.28% - 30.32% 28.67% 28.31%
FCF Conversion (EBITDA) - - - 96.76% - 81.71% 77.12% 74.22%
FCF Conversion (Net income) - - - 131.84% - 88.53% 84.46% 79.54%
Dividend per Share 2 - - - - 0.1000 0.2405 0.2775 0.4104
Announcement Date 2/28/20 4/13/21 4/28/22 4/26/23 4/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - 1,053 1,266 1,308 1,317 1,416 1,513 1,472
EBITDA 1 - - - - 566.8 615 567 625.2
EBIT 1 - - 432.9 440.9 566.8 615 567 625.2
Operating Margin - - 34.2% 33.72% 43.04% 43.45% 37.46% 42.48%
Earnings before Tax (EBT) 1 - - 431.6 442.5 568.4 616.6 568.6 626.8
Net income 1 434.4 358.1 379.4 426.2 540 585.9 474.8 595.5
Net margin - 34% 29.97% 32.59% 41.01% 41.39% 31.37% 40.46%
EPS 2 0.2100 - 0.1800 0.2000 0.2509 0.2722 0.2206 0.2767
Dividend per Share 2 - - - - - - - -
Announcement Date 8/28/23 10/27/23 4/29/24 4/29/24 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - - - 2,795 4,134 6,070 8,289
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - 1,352 - 1,649 1,834 2,037
ROE (net income / shareholders' equity) 6.28% 18.5% 26.2% 28.9% 27.6% 24.4% 23.9%
ROA (Net income/ Total Assets) 4.8% 14.5% - 23.6% 21% 18.4% 16.9%
Assets 1 3,704 3,972 - 6,196 8,891 11,779 15,154
Book Value Per Share 2 1.340 1.580 2.080 2.440 3.290 4.550 5.410
Cash Flow per Share 2 0.0500 0.2300 0.6900 0.7900 0.8700 0.8700 1.130
Capex 1 62.2 153 131 190 44.5 46.6 57.3
Capex / Sales 4.03% 6.44% 3.53% 4.43% 0.82% 0.73% 0.8%
Announcement Date 4/13/21 4/28/22 4/26/23 4/29/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
10.39 CNY
Average target price
16.19 CNY
Spread / Average Target
+55.84%
Consensus
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