Financials China YuHua Education Corporation Limited

Equities

6169

KYG2120K1094

School, College & University

Market Closed - Hong Kong S.E. 04:08:39 2024-05-28 am EDT 5-day change 1st Jan Change
0.485 HKD -1.02% Intraday chart for China YuHua Education Corporation Limited -10.19% -11.82%

Valuation

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,882 21,769 11,485 3,912 2,770 1,623 - -
Enterprise Value (EV) 1 11,996 20,532 10,529 2,109 2,667 347.7 589.7 -486.3
P/E ratio 26.3 x 109 x 34.5 x 3.51 x 3.2 x 2.08 x 1.98 x 2.11 x
Yield 2.96% 2.07% 2.91% - - - - 17.8%
Capitalization / Revenue 7.51 x 9.04 x 4.34 x 1.64 x 1.16 x 0.65 x 0.62 x 0.59 x
EV / Revenue 7 x 8.52 x 3.98 x 0.89 x 1.12 x 0.14 x 0.22 x -0.18 x
EV / EBITDA 16.3 x 31.1 x 4.86 x 1.53 x 1.81 x 0.28 x 0.44 x -0.34 x
EV / FCF 11.2 x 31.7 x 5.97 x 1.13 x -1.45 x -0.43 x 3.02 x -0.94 x
FCF Yield 8.92% 3.16% 16.8% 88.7% -68.9% -235% 33.1% -106%
Price to Book 3.09 x 6 x 3.07 x 0.68 x 0.4 x 0.21 x 0.18 x 0.17 x
Nbr of stocks (in thousands) 3,261,256 3,316,138 3,331,638 3,594,494 3,606,788 3,606,788 - -
Reference price 2 3.950 6.565 3.447 1.088 0.7681 0.4499 0.4499 0.4499
Announcement Date 11/29/19 11/23/20 11/30/21 2/27/23 11/30/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,714 2,409 2,643 2,380 2,380 2,485 2,624 2,762
EBITDA 1 737.3 659.1 2,168 1,378 1,472 1,252 1,350 1,422
EBIT 1 566.9 412.1 1,938 1,146 1,128 823.8 863.5 924.9
Operating Margin 33.06% 17.11% 73.31% 48.14% 47.38% 33.15% 32.91% 33.49%
Earnings before Tax (EBT) 1 541.5 310.9 1,886 1,126 1,139 851.7 886.8 955
Net income 1 485 203.8 824.5 1,126 1,135 829.7 844.7 809.6
Net margin 28.29% 8.46% 31.19% 47.29% 47.67% 33.38% 32.19% 29.31%
EPS 2 0.1500 0.0600 0.1000 0.3100 0.2400 0.2167 0.2267 0.2133
Free Cash Flow 1 1,070 648.3 1,764 1,870 -1,836 -817 195 516
FCF margin 62.39% 26.91% 66.73% 78.55% -77.15% -32.87% 7.43% 18.68%
FCF Conversion (EBITDA) 145.08% 98.36% 81.36% 135.66% - - 14.45% 36.29%
FCF Conversion (Net income) 220.57% 318.06% 213.93% 166.09% - - 23.09% 63.74%
Dividend per Share 2 0.1168 0.1358 0.1004 - - - - 0.0800
Announcement Date 11/29/19 11/23/20 11/30/21 2/27/23 11/30/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: August 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2
Net sales 1 1,260 1,149 1,365 1,278 - 1,177
EBITDA - 398.1 - 846.3 - -
EBIT 1 - 281.7 741.9 1,196 - 593.1
Operating Margin - 24.52% 54.33% 93.6% - 50.4%
Earnings before Tax (EBT) 1 - 230.4 - 1,017 - 582
Net income 1 - 186.6 - -24.71 542.3 583.4
Net margin - 16.24% - -1.93% - 49.58%
EPS - - - - 0.1500 -
Dividend per Share - - - - - -
Announcement Date 4/27/20 11/23/20 4/27/21 11/30/21 5/26/22 2/27/23
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 886 1,237 956 1,803 104 1,275 1,033 2,109
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,070 648 1,764 1,870 -1,836 -817 195 516
ROE (net income / shareholders' equity) 20.1% 28.5% 22.3% 23.6% 17.8% 10.6% 10.1% 8.72%
ROA (Net income/ Total Assets) 9.96% 10.7% 8.85% 11% 9.67% 5.99% 6.22% 5.3%
Assets 1 4,869 1,910 9,315 10,202 11,740 13,863 13,580 15,289
Book Value Per Share 2 1.280 1.090 1.120 1.610 1.930 2.190 2.460 2.670
Cash Flow per Share 2 0.3800 0.3000 0.5300 0.5600 0.1100 0.3700 0.3400 0.3500
Capex 1 180 360 236 314 2,255 1,288 1,014 544
Capex / Sales 10.5% 14.96% 8.93% 13.17% 94.75% 51.82% 38.64% 19.69%
Announcement Date 11/29/19 11/23/20 11/30/21 2/27/23 11/30/23 - - -
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
0.4499 CNY
Average target price
1.005 CNY
Spread / Average Target
+123.31%
Consensus

Quarterly revenue - Rate of surprise

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