Financials Sun Art Retail Group Limited

Equities

6808

HK0000083920

Food Retail & Distribution

Market Closed - Hong Kong S.E. 04:08:05 2024-05-31 am EDT 5-day change 1st Jan Change
1.75 HKD +3.55% Intraday chart for Sun Art Retail Group Limited +6.06% +25.00%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 62,404 100,213 51,141 22,015 26,290 15,460 - -
Enterprise Value (EV) 1 49,137 92,682 51,141 3,356 6,841 13,741 971.1 -1,282
P/E ratio 21.8 x 35 x 14.5 x -28.8 x 276 x -8.47 x 44.4 x 21.6 x
Yield 2.14% - - 1.65% 1.45% 1.76% 1.38% 2.31%
Capitalization / Revenue 0.65 x 1.05 x 0.41 x 0.25 x 0.31 x 0.19 x 0.21 x 0.2 x
EV / Revenue 0.52 x 0.97 x 0.41 x 0.04 x 0.08 x 0.19 x 0.01 x -0.02 x
EV / EBITDA 5.18 x 10.6 x - 0.86 x 1.42 x 5.75 x 0.24 x -0.28 x
EV / FCF 18 x - - 2.1 x 2.4 x 0.75 x 0.24 x -0.38 x
FCF Yield 5.56% - - 47.6% 41.6% 133% 417% -264%
Price to Book 2.61 x 3.93 x - 0.92 x 1.12 x 0.69 x 0.73 x 0.71 x
Nbr of stocks (in thousands) 9,539,705 9,539,705 9,539,705 9,539,705 9,539,705 9,539,705 - -
Reference price 2 6.542 10.50 5.361 2.308 2.756 1.621 1.621 1.621
Announcement Date 2/20/20 1/31/21 5/10/21 5/24/22 5/16/23 5/21/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 95,357 95,486 124,334 88,134 83,662 72,567 73,427 76,636
EBITDA 1 9,482 8,768 - 3,880 4,805 2,389 4,021 4,658
EBIT 1 4,458 4,664 - 18 1,177 -1,009 768 1,298
Operating Margin 4.68% 4.88% - 0.02% 1.41% -1.39% 1.05% 1.69%
Earnings before Tax (EBT) 1 4,252 4,114 - -503 722 -1,434 351.5 1,113
Net income 1 2,834 2,872 3,572 -739 109 -1,605 361.1 730.3
Net margin 2.97% 3.01% 2.87% -0.84% 0.13% -2.21% 0.49% 0.95%
EPS 2 0.3000 0.3000 0.3700 -0.0800 0.0100 -0.1700 0.0365 0.0749
Free Cash Flow 1 2,734 - - 1,598 2,848 2,430 4,053 3,379
FCF margin 2.87% - - 1.81% 3.4% 3.18% 5.52% 4.41%
FCF Conversion (EBITDA) 28.83% - - 41.19% 59.27% 72.3% 100.81% 72.55%
FCF Conversion (Net income) 96.47% - - - 2,612.84% 102,701% 1,122.44% 462.74%
Dividend per Share 2 0.1400 - - 0.0380 0.0400 0.0286 0.0224 0.0374
Announcement Date 2/20/20 1/31/21 5/10/21 5/24/22 5/16/23 5/21/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2020 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 53,170 42,316 - 46,600 40,611 43,051 35,768 36,799
EBITDA - - - - - - - -
EBIT 3,346 1,318 - - - - - -
Operating Margin 6.29% 3.11% - - - - - -
Earnings before Tax (EBT) 1 3,062 1,052 - -797 265 457 -194 -1,240
Net income 1 2,062 810 117 -856 -69 178 -359 -1,246
Net margin 3.88% 1.91% - -1.84% -0.17% 0.41% -1% -3.39%
EPS - - 0.0100 - - - - -
Dividend per Share - - - - - - - -
Announcement Date 8/12/20 1/31/21 11/1/21 5/24/22 11/15/22 5/16/23 11/14/23 5/21/24
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 13,267 7,531 - 18,659 19,449 13,628 14,489 16,742
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2,734 - - 1,598 2,848 2,430 4,053 3,379
ROE (net income / shareholders' equity) 12.3% 11.6% - -2.95% 0.46% 0.41% 1.72% 3.27%
ROA (Net income/ Total Assets) 4.02% 4.05% - -1.1% 0.17% 0.33% 0.59% 1.42%
Assets 1 70,531 70,907 - 67,489 64,931 713.7 61,598 51,325
Book Value Per Share 2 2.510 2.670 - 2.510 2.470 2.360 2.230 2.300
Cash Flow per Share 2 0.4800 0.8600 - 0.3800 0.4500 0.3200 0.3600 0.4300
Capex 1 1,871 1,561 - 1,979 1,454 1,842 1,963 2,082
Capex / Sales 1.96% 1.63% - 2.25% 1.74% 2.41% 2.67% 2.72%
Announcement Date 2/20/20 1/31/21 5/10/21 5/24/22 5/16/23 5/21/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
1.621 CNY
Average target price
1.755 CNY
Spread / Average Target
+8.26%
Consensus

Quarterly revenue - Rate of surprise

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