ZHENGZHOU QIANWEIYANGCHU FOOD CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 27.6 CNY | -2.47% |
|
-0.72% | -47.74% |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,954 | 5,682 | 4,576 | 2,740 | - | - |
| Enterprise Value (EV) 1 | 4,954 | 5,474 | 4,487 | 2,708 | 2,794 | 2,725 |
| P/E ratio | 46.6 x | 55.6 x | 33.9 x | 16.2 x | 12.6 x | 10.9 x |
| Yield | 0.26% | 0.26% | 0.36% | 0.87% | 1.05% | 1.26% |
| Capitalization / Revenue | 3.89 x | 3.82 x | 2.41 x | 1.23 x | 1.04 x | 0.91 x |
| EV / Revenue | 3.89 x | 3.68 x | 2.36 x | 1.22 x | 1.06 x | 0.91 x |
| EV / EBITDA | 32.4 x | 31.3 x | 19.7 x | 8.55 x | 7.24 x | 6.23 x |
| EV / FCF | -58.4 x | -540 x | -98.7 x | -57.6 x | 28.8 x | 11.6 x |
| FCF Yield | -1.71% | -0.19% | -1.01% | -1.74% | 3.47% | 8.59% |
| Price to Book | 5.29 x | 5.35 x | 3.77 x | 1.41 x | 1.32 x | 1.17 x |
| Nbr of stocks (in thousands) | 85,104 | 86,673 | 86,642 | 99,266 | - | - |
| Reference price 2 | 58.21 | 65.56 | 52.81 | 27.60 | 27.60 | 27.60 |
| Announcement Date | 4/28/22 | 4/18/23 | 4/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,274 | 1,489 | 1,901 | 2,220 | 2,629 | 3,003 |
| EBITDA 1 | 153.1 | 174.8 | 227.4 | 316.5 | 386 | 437.6 |
| EBIT 1 | 111.5 | 123.3 | 161.1 | 207.5 | 265.4 | 311.5 |
| Operating Margin | 8.76% | 8.29% | 8.47% | 9.35% | 10.09% | 10.37% |
| Earnings before Tax (EBT) 1 | 113.3 | 129.3 | 174.1 | 219.7 | 277.9 | 325.6 |
| Net income 1 | 88.46 | 101.9 | 134.3 | 169.7 | 214.8 | 252.6 |
| Net margin | 6.94% | 6.85% | 7.06% | 7.64% | 8.17% | 8.41% |
| EPS 2 | 1.250 | 1.180 | 1.560 | 1.704 | 2.199 | 2.541 |
| Free Cash Flow 1 | -84.85 | -10.13 | -45.44 | -47 | 97 | 234 |
| FCF margin | -6.66% | -0.68% | -2.39% | -2.12% | 3.69% | 7.79% |
| FCF Conversion (EBITDA) | - | - | - | - | 25.13% | 53.47% |
| FCF Conversion (Net income) | - | - | - | - | 45.15% | 92.62% |
| Dividend per Share 2 | 0.1500 | 0.1700 | 0.1900 | 0.2400 | 0.2900 | 0.3475 |
| Announcement Date | 4/28/22 | 4/18/23 | 4/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 381.7 | 458.1 | 429 | 421.8 | 477.2 | 572.7 | 463.5 | 459.8 | 553.6 | 668.3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 30.24 | 40.16 | 40.54 | 29.11 | 38.28 | 53.12 | 43.81 | 25.26 | 45.62 | 65.76 |
| Operating Margin | - | 7.92% | 8.77% | 9.45% | 6.9% | 8.02% | 9.27% | 9.45% | 5.49% | 8.24% | 9.84% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 45.75 | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - |
| EPS | 0.5300 | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/25/22 | 10/24/22 | 4/18/23 | 4/26/23 | 8/29/23 | 10/24/23 | 4/26/24 | 4/27/24 | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 54.7 | - |
| Net Cash position 1 | - | 208 | 88.3 | 31.9 | - | 14.9 |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.1418 x | - |
| Free Cash Flow 1 | -84.9 | -10.1 | -45.4 | -47 | 97 | 234 |
| ROE (net income / shareholders' equity) | 12.7% | 10.1% | 11.9% | 9.9% | 11.5% | 11.6% |
| ROA (Net income/ Total Assets) | 7.45% | - | 7.42% | 6.35% | 7.29% | 8.01% |
| Assets 1 | 1,187 | - | 1,809 | 2,673 | 2,948 | 3,156 |
| Book Value Per Share 2 | 11.00 | 12.20 | 14.00 | 19.50 | 20.90 | 23.60 |
| Cash Flow per Share 2 | 1.140 | 2.430 | 2.300 | 3.040 | 3.240 | 4.260 |
| Capex 1 | 183 | 221 | 244 | 218 | 214 | 139 |
| Capex / Sales | 14.35% | 14.83% | 12.85% | 9.81% | 8.15% | 4.64% |
| Announcement Date | 4/28/22 | 4/18/23 | 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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
27.6
CNY
Average target price
49.16
CNY
Spread / Average Target
+78.11%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -47.74% | 388M | |
| +13.96% | 7.94B | |
| -30.31% | 2.95B | |
| +3.66% | 2.81B | |
| -17.39% | 1.34B | |
| +34.49% | 1.09B | |
| +58.87% | 555M | |
| +4.17% | 472M | |
| +8.16% | 423M | |
| +121.32% | 416M |
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- Financials Zhengzhou Qianweiyangchu Food Co., Ltd.
