Financials BEST Inc.

Equities

BEST

US08653C6012

Air Freight & Logistics

Market Closed - Nyse 21:10:00 26/04/2024 BST 5-day change 1st Jan Change
2.11 USD +0.96% Intraday chart for BEST Inc. +1.43% -17.30%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 21,561 10,941 15,193 5,130 2,102 298.2
Enterprise Value (EV) 1 19,192 10,090 20,678 13,133 4,240 3,151
P/E ratio -7.05 x -21.4 x -74.3 x -2.55 x 8.01 x -0.2 x
Yield - - - - - -
Capitalization / Revenue 1.08 x 0.39 x 0.43 x 0.17 x 0.18 x 0.04 x
EV / Revenue 0.96 x 0.36 x 0.59 x 0.44 x 0.37 x 0.41 x
EV / EBITDA -21 x -51.4 x 124 x -11.1 x -3.33 x -2.55 x
EV / FCF -7.73 x -4.63 x -10 x -7.29 x -1.58 x -23.9 x
FCF Yield -12.9% -21.6% -9.96% -13.7% -63.1% -4.19%
Price to Book 4.98 x 2.68 x 3.87 x 2.98 x 1.04 x 0.43 x
Nbr of stocks (in thousands) 18,452 19,360 19,626 19,270 19,435 19,650
Reference price 2 1,169 565.2 774.1 266.2 108.2 15.17
Announcement Date 12/04/18 11/04/19 17/04/20 16/04/21 18/04/22 21/04/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 19,990 27,961 35,176 29,995 11,426 7,744
EBITDA 1 -912.6 -196.4 167 -1,178 -1,272 -1,237
EBIT 1 -1,276 -658 -325.8 -1,693 -1,463 -1,426
Operating Margin -6.39% -2.35% -0.93% -5.65% -12.8% -18.42%
Earnings before Tax (EBT) 1 -1,218 -496.5 -200.8 -1,661 -1,261 -1,464
Net income 1 -1,228 -508 -202.4 -2,026 261.9 -1,463
Net margin -6.14% -1.82% -0.58% -6.75% 2.29% -18.9%
EPS 2 -165.7 -26.43 -10.42 -104.6 13.50 -74.62
Free Cash Flow 1 -2,484 -2,178 -2,059 -1,802 -2,676 -132
FCF margin -12.43% -7.79% -5.85% -6.01% -23.42% -1.7%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 12/04/18 11/04/19 17/04/20 16/04/21 18/04/22 21/04/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - 5,485 8,003 2,137 2,853
Net Cash position 1 2,369 851 - - - -
Leverage (Debt/EBITDA) - - 32.85 x -6.791 x -1.681 x -2.306 x
Free Cash Flow 1 -2,484 -2,178 -2,059 -1,802 -2,676 -132
ROE (net income / shareholders' equity) -36% -11.9% -5.44% -59.7% -64.1% -97%
ROA (Net income/ Total Assets) -9.29% -3.54% -1.28% -5.38% -5.86% -9.32%
Assets 1 13,216 14,357 15,835 37,667 -4,471 15,706
Book Value Per Share 2 235.0 211.0 200.0 89.20 104.0 35.50
Cash Flow per Share 2 66.20 83.10 102.0 70.50 180.0 27.10
Capex 1 1,472 2,634 1,498 1,585 160 143
Capex / Sales 7.36% 9.42% 4.26% 5.29% 1.4% 1.85%
Announcement Date 12/04/18 11/04/19 17/04/20 16/04/21 18/04/22 21/04/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise