Projected Income Statement: Chengdu Hongqi Chain Co.,Ltd.

Forecast Balance Sheet: Chengdu Hongqi Chain Co.,Ltd.

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Change - - - - - - - -
Announcement Date 26/02/20 31/03/21 01/04/22 07/04/23 01/04/24 - - -
Estimates

Cash Flow Forecast: Chengdu Hongqi Chain Co.,Ltd.

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 172.6 135.8 120.1 52.52 51.08 93.1 91.1 93.74
Change - -21.33% -11.55% -56.26% -2.75% 82.28% -2.14% 2.9%
Free Cash Flow (FCF) 1 - - - - - 1,332 765.3 806
Change - - - - - - -42.55% 5.31%
Announcement Date 26/02/20 31/03/21 01/04/22 07/04/23 01/04/24 - - -
1CNY in Million
Estimates

Forecast Financial Ratios: Chengdu Hongqi Chain Co.,Ltd.

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 9.31% 8.09% 7.71% 7.11% 7.87% 10.45% 8.09% 8.12%
EBIT Margin (%) 7.26% 6.37% 5.93% 5.54% 6.4% 6.4% 6.57% 6.67%
EBT Margin (%) 7.25% 6.35% 5.89% 5.54% 6.38% 6.39% 6.56% 6.66%
Net margin (%) 6.6% 5.58% 5.15% 4.85% 5.54% 5.51% 5.66% 5.74%
FCF margin (%) - - - - - 12.78% 7.1% 7.19%
FCF / Net Income (%) - - - - - 232.03% 125.6% 125.23%

Profitability

        
ROA 10.43% 8.99% 6.43% 5.71% 6.88% 6.57% 6.6% 6.7%
ROE 18.24% 15.58% 13.51% 12.4% 13.75% 12.69% 12.23% 11.83%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 2.21% 1.5% 1.28% 0.52% 0.5% 0.89% 0.85% 0.84%
CAPEX / EBITDA (%) 23.69% 18.53% 16.66% 7.37% 6.4% 8.55% 10.45% 10.3%
CAPEX / FCF (%) - - - - - 6.99% 11.9% 11.63%

Items per share

        
Cash flow per share 1 0.2026 0.3637 0.75 1.081 0.9135 0.705 0.5275 0.63
Change - 79.52% 106.21% 44.19% -15.53% -22.82% -25.18% 19.43%
Dividend per Share 1 0.087 0.084 0.088 0.442 0.124 0.11 0.12 0.125
Change - -3.45% 4.76% 402.27% -71.95% -11.29% 9.09% 4.17%
Book Value Per Share 1 2.25 2.532 2.709 3.052 3.022 3.326 3.656 4.004
Change - 12.54% 6.98% 12.67% -0.96% 10.04% 9.92% 9.52%
EPS 1 0.38 0.37 0.35 0.36 0.41 0.422 0.45 0.472
Change - -2.63% -5.41% 2.86% 13.89% 2.93% 6.64% 4.89%
Nbr of stocks (in thousands) 1,360,000 1,360,000 1,360,000 1,360,000 1,360,000 1,360,000 1,360,000 1,360,000
Announcement Date 26/02/20 31/03/21 01/04/22 07/04/23 01/04/24 - - -
1CNY
Estimates
2024 *2025 *
P/E ratio 12.4x 11.7x
PBR 1.58x 1.44x
EV / Sales 0.69x 0.66x
Yield 2.1% 2.29%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
5.250CNY
Average target price
6.463CNY
Spread / Average Target
+23.11%
Consensus

Annual profits - Rate of surprise

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  4. Financials Chengdu Hongqi Chain Co.,Ltd.