Financials Minsheng Education Group Company Limited

Equities

1569

KYG6145R1065

School, College & University

Market Closed - Hong Kong S.E. 04:08:34 2024-07-17 am EDT 5-day change 1st Jan Change
0.236 HKD +0.43% Intraday chart for Minsheng Education Group Company Limited -0.42% -3.28%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2024
Capitalization 1 4,955 4,011 3,230 1,863 922.2
Enterprise Value (EV) 1 3,550 1,387 3,230 1,863 922.2
P/E ratio 14.5 x 29.9 x - 3.8 x 1.29 x
Yield 2.1% 0.95% 5.64% 8.51% -
Capitalization / Revenue 4,928,128 x 3,622,937 x 1,349,386 x 791,220 x -
EV / Revenue 4,928,127 x 3,622,935 x 1,349,386 x 791,220 x -
EV / EBITDA 9,091,889 x 6,975,095 x 3,181,928 x 1,928,494 x -
EV / FCF 30,587,034 x 16,215,802 x - - -
FCF Yield 0% 0% - - -
Price to Book 1.32 x 0.97 x - - -
Nbr of stocks (in thousands) 4,017,720 4,217,720 4,217,720 4,217,720 4,217,720
Reference price 2 1.233 0.9511 0.7659 0.4416 0.2186
Announcement Date 3/25/20 3/23/21 3/30/22 3/28/23 -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2024
Net sales 1,005 1,107 2,394 2,354 -
EBITDA 545 575.1 1,015 965.8 -
EBIT 426 444.8 792.4 709.9 -
Operating Margin 42.37% 40.18% 33.1% 30.16% -
Earnings before Tax (EBT) 346.3 143.5 - 546.5 -
Net income 341.6 131.5 - 490.1 -
Net margin 33.98% 11.87% - 20.82% -
EPS 1 0.0850 0.0318 - 0.1162 0.1700
Free Cash Flow 162 247.4 - - -
FCF margin 16.11% 22.34% - - -
FCF Conversion (EBITDA) 29.72% 43.01% - - -
FCF Conversion (Net income) 47.42% 188.16% - - -
Dividend per Share 0.0259 0.009000 0.0432 0.0376 -
Announcement Date 3/25/20 3/23/21 3/30/22 3/28/23 -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,057 762 730 993 1,319 1,180
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 542 -64.5 357 600 748 -852
ROE (net income / shareholders' equity) 9.97% 9.03% 3.16% 13.6% 10.4% 2.21%
ROA (Net income/ Total Assets) 2.01% 2.7% 2.46% 3.33% 2.62% 2.62%
Assets 1 16,593 12,666 5,341 17,335 18,709 5,306
Book Value Per Share 2 0.8500 0.9400 0.9600 1.090 1.140 1.210
Cash Flow per Share 2 0.3700 0.3300 0.6200 0.6500 0.8200 0.7600
Capex 1 241 228 210 610 388 300
Capex / Sales 38.65% 22.64% 18.96% 25.46% 16.47% 12.73%
Announcement Date 4/16/19 4/27/20 4/23/21 4/28/22 4/28/23 4/11/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
0.2186 CNY
Average target price
0.463 CNY
Spread / Average Target
+111.76%
Consensus

Annual profits - Rate of surprise

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