Financials Luolai Lifestyle Technology Co., Ltd.

Equities

002293

CNE100000FV0

Home Furnishings

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-07-16 pm EDT			5-day change	1st Jan Change
7.81 ^CNY	+0.26%		-1.39%	-15.93%

Jun. 07	Luolai Lifestyle Technology Co., Ltd. Announces Dividend on Share A for 2023, Payable on June 17, 2024	CI
May. 22	Luolai Lifestyle Technology Co., Ltd. Approves Cash Dividend for the Year 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,516	10,268	11,974	9,385	7,723	6,463	-	-
Enterprise Value (EV) ¹	5,704	8,663	11,125	8,922	6,397	4,688	4,614	4,505
P/E ratio	13.8 x	17.6 x	16.8 x	16.4 x	13.6 x	10.2 x	9.22 x	8.18 x
Yield	5.51%	4.82%	4.19%	5.35%	4.31%	7.04%	8.19%	9.22%
Capitalization / Revenue	1.55 x	2.09 x	2.08 x	1.77 x	1.45 x	1.13 x	1.05 x	0.96 x
EV / Revenue	1.17 x	1.76 x	1.93 x	1.68 x	1.2 x	0.82 x	0.75 x	0.67 x
EV / EBITDA	8.4 x	11.1 x	11.7 x	10.3 x	8.15 x	5.43 x	4.76 x	4.15 x
EV / FCF	13.5 x	17.7 x	19.1 x	40.3 x	9.21 x	13.8 x	9.05 x	7.68 x
FCF Yield	7.42%	5.66%	5.24%	2.48%	10.9%	7.23%	11.1%	13%
Price to Book	1.84 x	2.4 x	2.96 x	2.26 x	1.83 x	1.44 x	1.36 x	1.28 x
Nbr of stocks (in thousands)	827,765	824,729	835,599	836,484	831,323	827,583	-	-
Reference price ²	9.080	12.45	14.33	11.22	9.290	7.810	7.810	7.810
Announcement Date	2/27/20	4/12/21	4/19/22	4/19/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,860	4,911	5,760	5,314	5,315	5,704	6,179	6,733
EBITDA ¹	679.3	779.3	953.3	866.4	785	863.6	969	1,085
EBIT ¹	601.9	694.8	842.9	672.3	661.6	747.4	847.1	948.6
Operating Margin	12.38%	14.15%	14.63%	12.65%	12.45%	13.1%	13.71%	14.09%
Earnings before Tax (EBT) ¹	678.2	704.7	853.8	667	673.6	736.1	834.8	933.9
Net income ¹	546.1	585	713.2	573.5	572.4	623.6	706.5	796.9
Net margin	11.24%	11.91%	12.38%	10.79%	10.77%	10.93%	11.43%	11.84%
EPS ²	0.6560	0.7059	0.8545	0.6840	0.6837	0.7629	0.8474	0.9550
Free Cash Flow ¹	423	489.9	582.5	221.3	694.7	339	510	587
FCF margin	8.7%	9.98%	10.11%	4.17%	13.07%	5.94%	8.25%	8.72%
FCF Conversion (EBITDA)	62.28%	62.86%	61.1%	25.55%	88.5%	39.25%	52.63%	54.1%
FCF Conversion (Net income)	77.47%	83.75%	81.67%	38.59%	121.36%	54.37%	72.19%	73.66%
Dividend per Share ²	0.5000	0.6000	0.6000	0.6000	0.4000	0.5500	0.6400	0.7200
Announcement Date	2/27/20	4/12/21	4/19/22	4/19/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 S1
Net sales ¹	2,456
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	284.5
Net margin	11.58%
EPS	-
Dividend per Share	-
Announcement Date	8/21/23

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	1,812	1,605	849	463	1,326	1,776	1,849	1,958
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	423	490	582	221	695	339	510	587
ROE (net income / shareholders' equity)	13.5%	14.1%	16.5%	13.7%	13.6%	14%	14.9%	15.9%
ROA (Net income/ Total Assets)	10.5%	10.5%	11.8%	8.66%	8.24%	8.89%	9.44%	9.96%
Assets ¹	5,212	5,596	6,050	6,624	6,951	7,012	7,484	8,002
Book Value Per Share ²	4.940	5.180	4.840	4.960	5.070	5.410	5.730	6.100
Cash Flow per Share ²	0.9200	1.030	0.8700	0.5100	1.120	0.7000	0.9400	0.9400
Capex ¹	338	361	145	210	241	227	240	245
Capex / Sales	6.96%	7.36%	2.52%	3.96%	4.53%	3.98%	3.89%	3.63%
Announcement Date	2/27/20	4/12/21	4/19/22	4/19/23	4/26/24	-	-	-

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

Ratings for Luolai Lifestyle Technology Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

7.81 CNY

Average target price

9.97 CNY

Spread / Average Target

+27.66%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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