ZHIHU INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.2 USD | +5.96% |
|
+17.22% | -43.04% |
| Jun. 12 | Zhihu Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Jun. 12 | Transcript : Zhihu Inc., Q1 2024 Earnings Call, Jun 12, 2024 |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 19,760 | 5,586 | 3,981 | 2,246 | - | - |
| Enterprise Value (EV) 1 | 17,603 | 1,060 | 1,874 | 817.2 | 1,027 | 953.3 |
| P/E ratio | -11.5 x | -3.46 x | -4.71 x | -3.78 x | -9.24 x | -62.9 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 6.68 x | 1.55 x | 0.95 x | 0.63 x | 0.59 x | 0.57 x |
| EV / Revenue | 5.95 x | 0.29 x | 0.45 x | 0.23 x | 0.27 x | 0.24 x |
| EV / EBITDA | -21.4 x | -0.88 x | -2.12 x | -1.58 x | 13.7 x | 5.42 x |
| EV / FCF | -39.3 x | -0.95 x | -4.42 x | -1.36 x | -5.97 x | 15.2 x |
| FCF Yield | -2.54% | -105% | -22.6% | -73.7% | -16.7% | 6.6% |
| Price to Book | 2.51 x | 1 x | 0.88 x | 0.55 x | 0.59 x | 0.57 x |
| Nbr of stocks (in thousands) | 93,584 | 103,826 | 99,834 | 96,566 | - | - |
| Reference price 2 | 211.1 | 53.80 | 39.88 | 23.26 | 23.26 | 23.26 |
| Announcement Date | 3/14/22 | 3/22/23 | 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 | - | 2,959 | 3,605 | 4,199 | 3,562 | 3,778 | 3,972 |
| EBITDA 1 | - | -820.8 | -1,205 | -882.7 | -517 | 75 | 176 |
| EBIT 1 | - | -1,391 | -1,604 | -1,072 | -698 | -269.1 | -169 |
| Operating Margin | - | -46.99% | -44.49% | -25.54% | -19.6% | -7.12% | -4.26% |
| Earnings before Tax (EBT) 1 | - | -1,293 | -1,564 | -827.7 | -541.8 | -121 | -4.91 |
| Net income 1 | -517.6 | -1,469 | -1,581 | -843.6 | -553.2 | -187.2 | -11.49 |
| Net margin | - | -49.66% | -43.86% | -20.09% | -15.53% | -4.95% | -0.29% |
| EPS 2 | -110.2 | -18.36 | -15.54 | -8.460 | -6.160 | -2.516 | -0.3698 |
| Free Cash Flow 1 | - | -447.7 | -1,116 | -424 | -602.4 | -172 | 62.91 |
| FCF margin | - | -15.13% | -30.95% | -10.1% | -16.91% | -4.55% | 1.58% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 35.74% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 3/5/21 | 3/14/22 | 3/22/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,019 | 743.2 | 836 | 911.7 | 1,114 | 994.2 | 1,044 | 1,022 | 1,138 | 960.9 | 910.3 | 843.4 | 869.7 |
| EBITDA | -370.3 | -642.8 | -455.3 | -273.2 | 166.7 | - | - | - | - | - | - | - | - |
| EBIT 1 | -375.2 | -648.2 | -460.7 | -278.6 | -216.3 | -216.7 | -327.2 | -350.1 | -178.2 | -224.7 | -194 | - | - |
| Operating Margin | -36.82% | -87.21% | -55.1% | -30.56% | -19.42% | -21.8% | -31.34% | -34.25% | -15.65% | -23.39% | -21.31% | - | - |
| Earnings before Tax (EBT) | -380.3 | -611.9 | -480.6 | -294.9 | -176.8 | - | - | - | - | - | - | - | - |
| Net income 1 | -383.3 | -614.3 | -487 | -300.2 | -179.7 | -181.4 | -279.1 | -278.7 | - | -164.8 | -150 | - | - |
| Net margin | -37.61% | -82.65% | -58.25% | -32.92% | -16.13% | -18.24% | -26.73% | -27.26% | - | -17.16% | -16.48% | - | - |
| EPS | -3.900 | -6.120 | -9.540 | -5.880 | -1.740 | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/14/22 | 5/25/22 | 8/30/22 | 11/30/22 | 3/22/23 | 5/24/23 | 8/23/23 | 11/29/23 | 3/26/24 | 6/12/24 | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 2,157 | 4,526 | 2,107 | 1,429 | 1,219 | 1,293 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | -448 | -1,116 | -424 | -602 | -172 | 62.9 |
| ROE (net income / shareholders' equity) | - | -94.2% | -19.3% | -12.9% | -11.7% | -3.98% | - |
| ROA (Net income/ Total Assets) | - | -11.9% | -14.5% | -9.12% | -8.13% | -3.61% | -2.07% |
| Assets 1 | - | 12,358 | 10,883 | 9,249 | 6,802 | 5,190 | 555 |
| Book Value Per Share 2 | - | 84.10 | 53.60 | 45.20 | 42.40 | 39.70 | 40.70 |
| Cash Flow per Share 2 | - | -5.500 | -5.490 | -8.330 | -7.440 | -2.360 | 0.7800 |
| Capex 1 | - | 7.44 | 0.71 | 8.49 | 31.4 | 33.8 | 17.5 |
| Capex / Sales | - | 0.25% | 0.02% | 0.2% | 0.88% | 0.9% | 0.44% |
| Announcement Date | 3/5/21 | 3/14/22 | 3/22/23 | 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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
23.26
CNY
Average target price
40.58
CNY
Spread / Average Target
+74.44%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -43.04% | 309M | |
| +29.36% | 447B | |
| +41.85% | 298B | |
| +15.41% | 148B | |
| +12.02% | 96.81B | |
| +21.68% | 87.04B | |
| +12.21% | 45.37B | |
| +12.21% | 33.59B | |
| -16.29% | 29.88B | |
| +17.47% | 29.72B |
- Stock Market
- Equities
- ZH Stock
- Financials Zhihu Inc.
