Financials Hangzhou SF Intra-city Industrial Co., Ltd.

Equities

9699

CNE100004SP7

Air Freight & Logistics

Market Closed - Hong Kong S.E. 04:08:05 2024-05-31 am EDT 5-day change 1st Jan Change
10.86 HKD +1.50% Intraday chart for Hangzhou SF Intra-city Industrial Co., Ltd. +8.17% +4.62%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 12,489 6,183 8,766 9,222 - -
Enterprise Value (EV) 1 9,658 4,162 8,766 7,136 6,854 6,392
P/E ratio -10.5 x -21.4 x 189 x 61.2 x 35.8 x 22.6 x
Yield - - - - - -
Capitalization / Revenue 1.53 x 0.6 x 0.71 x 0.61 x 0.52 x 0.45 x
EV / Revenue 1.18 x 0.41 x 0.71 x 0.47 x 0.38 x 0.32 x
EV / EBITDA -11.5 x -14.2 x 194 x 32.9 x 20.8 x 15 x
EV / FCF - - - 71.9 x 76.2 x 29.2 x
FCF Yield - - - 1.39% 1.31% 3.43%
Price to Book 3.77 x 2.05 x - 2.96 x 2.71 x 2.38 x
Nbr of stocks (in thousands) 933,458 933,458 929,105 916,934 - -
Reference price 2 13.38 6.624 9.434 10.06 10.06 10.06
Announcement Date 3/30/22 3/28/23 3/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 8,174 10,265 12,387 15,214 17,809 20,270
EBITDA 1 - -841.6 -293.8 45.29 216.8 329.8 425.2
EBIT 1 - -954.1 -394.3 -27.01 88.77 192.7 387
Operating Margin - -11.67% -3.84% -0.22% 0.58% 1.08% 1.91%
Earnings before Tax (EBT) 1 - -902.6 -288.8 62.59 169.1 294.8 471.1
Net income 1 -757.7 -898.9 -286.9 50.6 152.2 263 415.5
Net margin - -11% -2.79% 0.41% 1% 1.48% 2.05%
EPS 2 -1.600 -1.280 -0.3100 0.0500 0.1643 0.2810 0.4450
Free Cash Flow 1 - - - - 99.22 90 219
FCF margin - - - - 0.65% 0.51% 1.08%
FCF Conversion (EBITDA) - - - - 45.77% 27.29% 51.5%
FCF Conversion (Net income) - - - - 65.18% 34.22% 52.71%
Dividend per Share 2 - - - - - - -
Announcement Date 11/30/21 3/30/22 3/28/23 3/26/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - 2,831 2,021 - 2,086 2,367 2,830
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - - - 99.2 90 219
ROE (net income / shareholders' equity) - -48.9% -6.9% - 4.92% 7.84% 11.2%
ROA (Net income/ Total Assets) - -32% -6.9% - 3.69% 4.65% 6.58%
Assets 1 - 2,811 4,156 - 4,130 5,652 6,310
Book Value Per Share 2 - 3.550 3.230 - 3.400 3.710 4.230
Cash Flow per Share 2 - -0.7600 -0.4400 - 0.1000 0.5000 0.5900
Capex 1 - 88.8 108 - 111 122 109
Capex / Sales - 1.09% 1.06% - 0.73% 0.69% 0.54%
Announcement Date 11/30/21 3/30/22 3/28/23 3/26/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
10.06 CNY
Average target price
11.35 CNY
Spread / Average Target
+12.83%
Consensus

Annual profits - Rate of surprise

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