Financials Anzheng Fashion Group Co., Ltd.

Equities

603839

CNE100002YT1

Apparel & Accessories

End-of-day quote Shanghai S.E. 23:00:00 25/04/2024 BST 5-day change 1st Jan Change
5.37 CNY -0.74% Intraday chart for Anzheng Fashion Group Co., Ltd. +5.71% -35.30%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 7,082 4,326 5,264 3,945 3,485 2,801
Enterprise Value (EV) 1 5,532 3,070 4,665 3,541 2,845 2,156
P/E ratio 24.5 x 15.3 x 17.2 x 19.7 x 48.4 x -7.61 x
Yield 2.04% 3.27% 2.67% 7.1% 5.74% 7.14%
Capitalization / Revenue 4.98 x 2.62 x 2.16 x 1.1 x 1.13 x 1.24 x
EV / Revenue 3.89 x 1.86 x 1.91 x 0.99 x 0.92 x 0.95 x
EV / EBITDA 19.7 x 12.3 x 12.8 x 10.5 x 18.5 x -65.2 x
EV / FCF 28.8 x -23.9 x 7.07 x 14.1 x 6.64 x 13.3 x
FCF Yield 3.48% -4.18% 14.2% 7.1% 15.1% 7.5%
Price to Book 2.71 x 1.58 x 1.87 x 1.44 x 1.28 x 1.3 x
Nbr of stocks (in thousands) 404,685 404,287 401,828 400,102 400,102 400,102
Reference price 2 17.50 10.70 13.10 9.860 8.710 7.000
Announcement Date 28/03/18 25/04/19 02/04/20 12/04/21 28/04/22 26/04/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,421 1,649 2,438 3,594 3,078 2,263
EBITDA 1 281.4 249.3 364.1 338.9 154.1 -33.06
EBIT 1 243.7 218.1 330.5 295.1 111.4 -75.54
Operating Margin 17.16% 13.23% 13.56% 8.21% 3.62% -3.34%
Earnings before Tax (EBT) 1 316.3 320.3 381.8 327.1 93.76 -392.3
Net income 1 273.1 281.2 302.7 197.5 69.73 -354.9
Net margin 19.22% 17.05% 12.42% 5.5% 2.27% -15.68%
EPS 2 0.7143 0.7000 0.7600 0.5000 0.1800 -0.9200
Free Cash Flow 1 192.3 -128.4 660.2 251.5 428.7 161.8
FCF margin 13.54% -7.79% 27.08% 7% 13.93% 7.15%
FCF Conversion (EBITDA) 68.34% - 181.35% 74.21% 278.31% -
FCF Conversion (Net income) 70.42% - 218.1% 127.31% 614.86% -
Dividend per Share 2 0.3571 0.3500 0.3500 0.7000 0.5000 0.5000
Announcement Date 28/03/18 25/04/19 02/04/20 12/04/21 28/04/22 26/04/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 1,550 1,256 599 404 640 645
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 192 -128 660 251 429 162
ROE (net income / shareholders' equity) 14.2% 10.5% 11.5% 8.09% 2.48% -14.8%
ROA (Net income/ Total Assets) 6.17% 3.99% 5.4% 4.25% 1.61% -1.35%
Assets 1 4,425 7,054 5,601 4,649 4,332 26,230
Book Value Per Share 2 6.450 6.780 6.990 6.850 6.810 5.390
Cash Flow per Share 2 0.8700 1.120 1.390 2.100 1.630 1.120
Capex 1 63 79 63.3 74.3 42.2 41.9
Capex / Sales 4.44% 4.79% 2.6% 2.07% 1.37% 1.85%
Announcement Date 28/03/18 25/04/19 02/04/20 12/04/21 28/04/22 26/04/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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