Financials Changzhou Architectural Research Institute Group Co.,Ltd

Equities

301115

CNE100005JL2

Construction & Engineering

End-of-day quote Shenzhen S.E. 23:00:00 27/06/2024 BST 5-day change 1st Jan Change
13.88 CNY -0.29% Intraday chart for Changzhou Architectural Research Institute Group Co.,Ltd -4.08% -22.46%

Valuation

Fiscal Period: December 2022 2023
Capitalization 1 4,469 3,227
Enterprise Value (EV) 1 2,748 1,920
P/E ratio 23 x 32.5 x
Yield 1.41% 1.96%
Capitalization / Revenue 3.88 x 2.37 x
EV / Revenue 2.38 x 1.41 x
EV / EBITDA 15.5 x 15.5 x
EV / FCF -58.9 x -12.7 x
FCF Yield -1.7% -7.9%
Price to Book 1.71 x 1.21 x
Nbr of stocks (in thousands) 180,000 180,300
Reference price 2 24.83 17.90
Announcement Date 23/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 656.2 771.2 905.7 1,096 1,152 1,359
EBITDA 1 73.99 114.3 162.4 207.1 176.7 124.3
EBIT 1 54.26 95.8 141.7 183.3 147.6 80.85
Operating Margin 8.27% 12.42% 15.64% 16.73% 12.81% 5.95%
Earnings before Tax (EBT) 1 26.12 92.55 143.5 184.7 172 128.6
Net income 1 20.97 79.52 124.8 161.8 162.5 100.6
Net margin 3.2% 10.31% 13.78% 14.77% 14.11% 7.4%
EPS 2 0.2000 0.6900 0.9900 1.200 1.080 0.5500
Free Cash Flow 1 43.34 29.67 82.44 32.95 -46.63 -151.7
FCF margin 6.6% 3.85% 9.1% 3.01% -4.05% -11.16%
FCF Conversion (EBITDA) 58.57% 25.95% 50.76% 15.91% - -
FCF Conversion (Net income) 206.63% 37.31% 66.08% 20.36% - -
Dividend per Share - - 0.4500 - 0.3500 0.3500
Announcement Date 26/04/19 25/06/21 25/06/21 10/08/22 23/04/23 26/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 4.59 50.9 189 153 1,722 1,307
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 43.3 29.7 82.4 32.9 -46.6 -152
ROE (net income / shareholders' equity) 5.23% 18.2% 21.6% 22.5% 9.56% 3.93%
ROA (Net income/ Total Assets) 4.24% 6.74% 8.59% 9.36% 4.05% 1.41%
Assets 1 494.4 1,179 1,452 1,728 4,017 7,111
Book Value Per Share 2 3.660 4.260 4.820 5.560 14.50 14.80
Cash Flow per Share 2 0.6900 0.6800 1.400 1.530 2.820 1.710
Capex 1 31.2 32.6 40.4 80.8 103 152
Capex / Sales 4.75% 4.23% 4.46% 7.37% 8.95% 11.19%
Announcement Date 26/04/19 25/06/21 25/06/21 10/08/22 23/04/23 26/04/24
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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