CHINA LITERATURE LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 25.4 HKD | +0.40% |
|
-2.68% | -12.56% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 29,403 | 52,023 | 40,805 | 27,168 | 27,021 | 24,127 | - | - |
| Enterprise Value (EV) 1 | 24,448 | 47,012 | 37,726 | 22,240 | 23,191 | 19,674 | 18,351 | 16,761 |
| P/E ratio | 26.6 x | -11.4 x | 21.9 x | 45.4 x | 33.4 x | 21.4 x | 19.3 x | 17.3 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 3.52 x | 6.1 x | 4.71 x | 3.56 x | 3.85 x | 3.16 x | 3.01 x | 2.85 x |
| EV / Revenue | 2.93 x | 5.51 x | 4.35 x | 2.92 x | 3.31 x | 2.58 x | 2.29 x | 1.98 x |
| EV / EBITDA | 20.6 x | 45.7 x | 28.2 x | 16.5 x | 22.8 x | 14.2 x | 12.1 x | 9.92 x |
| EV / FCF | 31.9 x | 64.9 x | 33.8 x | 17.7 x | 24.3 x | 15.2 x | 13.7 x | 11.6 x |
| FCF Yield | 3.14% | 1.54% | 2.96% | 5.63% | 4.11% | 6.57% | 7.29% | 8.59% |
| Price to Book | 1.49 x | 3.39 x | 2.37 x | 1.52 x | 1.41 x | 1.18 x | 1.11 x | 1.04 x |
| Nbr of stocks (in thousands) | 1,012,337 | 1,015,782 | 1,022,027 | 1,015,238 | 1,023,393 | 1,025,510 | - | - |
| Reference price 2 | 29.04 | 51.21 | 39.93 | 26.76 | 26.40 | 23.53 | 23.53 | 23.53 |
| Announcement Date | 17/03/20 | 23/03/21 | 22/03/22 | 16/03/23 | 18/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,348 | 8,526 | 8,668 | 7,626 | 7,012 | 7,625 | 8,014 | 8,462 |
| EBITDA 1 | 1,186 | 1,030 | 1,336 | 1,351 | 1,018 | 1,390 | 1,521 | 1,690 |
| EBIT 1 | 1,194 | -4,475 | 2,173 | 628.8 | 709.3 | 1,155 | 1,313 | 1,502 |
| Operating Margin | 14.3% | -52.48% | 25.06% | 8.25% | 10.12% | 15.15% | 16.39% | 17.75% |
| Earnings before Tax (EBT) 1 | 1,180 | -4,539 | 2,303 | 773.8 | 901.4 | 1,324 | 1,486 | 1,648 |
| Net income 1 | 1,096 | -4,484 | 1,847 | 608.2 | 804.9 | 1,092 | 1,212 | 1,362 |
| Net margin | 13.13% | -52.59% | 21.3% | 7.98% | 11.48% | 14.32% | 15.13% | 16.1% |
| EPS 2 | 1.090 | -4.480 | 1.820 | 0.5900 | 0.7900 | 1.099 | 1.220 | 1.358 |
| Free Cash Flow 1 | 767.1 | 724.1 | 1,117 | 1,253 | 954.1 | 1,293 | 1,338 | 1,440 |
| FCF margin | 9.19% | 8.49% | 12.89% | 16.43% | 13.61% | 16.96% | 16.7% | 17.01% |
| FCF Conversion (EBITDA) | 64.68% | 70.32% | 83.63% | 92.78% | 93.73% | 93.06% | 87.99% | 85.18% |
| FCF Conversion (Net income) | 69.99% | - | 60.49% | 206.04% | 118.54% | 118.4% | 110.4% | 105.67% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 17/03/20 | 23/03/21 | 22/03/22 | 16/03/23 | 18/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2021 S1 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,377 | 3,260 | 4,342 | 4,087 | 3,538 | 3,283 | 3,729 | 3,680 | 3,912 |
| EBITDA | - | - | - | 745.1 | - | - | - | - | - |
| EBIT 1 | 666.2 | - | - | 251.2 | 377.6 | 310.9 | 398.4 | 432 | 572 |
| Operating Margin | 12.39% | - | - | 6.15% | 10.67% | 9.47% | 10.68% | 11.74% | 14.62% |
| Earnings before Tax (EBT) 1 | - | - | - | 340.4 | 433.4 | 425.6 | 475.8 | 511 | 732 |
| Net income 1 | 703.3 | -3,296 | - | 228.5 | 379.7 | 376.7 | 428.2 | 460 | 576.5 |
| Net margin | 13.08% | -101.1% | - | 5.59% | 10.73% | 11.47% | 11.48% | 12.5% | 14.74% |
| EPS 2 | 0.7000 | -3.300 | - | 0.2200 | 0.3700 | - | - | 0.5000 | 0.6000 |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 17/03/20 | 11/08/20 | 16/08/21 | 15/08/22 | 16/03/23 | 10/08/23 | 18/03/24 | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 4,955 | 5,011 | 3,079 | 4,928 | 3,831 | 4,453 | 5,776 | 7,366 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 767 | 724 | 1,117 | 1,253 | 954 | 1,293 | 1,338 | 1,440 |
| ROE (net income / shareholders' equity) | 5.8% | -26% | 7.62% | 7.67% | 2.18% | 6.54% | 6.5% | 6.69% |
| ROA (Net income/ Total Assets) | 4.05% | -18.9% | 5.51% | 5.86% | 3.51% | 4.81% | 4.95% | 4.9% |
| Assets 1 | 27,044 | 23,783 | 33,495 | 10,383 | 22,962 | 22,701 | 24,499 | 27,814 |
| Book Value Per Share 2 | 19.40 | 15.10 | 16.80 | 17.60 | 18.70 | 19.90 | 21.20 | 22.50 |
| Cash Flow per Share 2 | 0.7100 | 1.110 | 1.100 | 1.550 | 1.110 | 1.390 | 1.460 | 1.800 |
| Capex 1 | 15.4 | 386 | 239 | 324 | 175 | 181 | 189 | 220 |
| Capex / Sales | 0.18% | 4.53% | 2.76% | 4.24% | 2.5% | 2.38% | 2.36% | 2.6% |
| Announcement Date | 17/03/20 | 23/03/21 | 22/03/22 | 16/03/23 | 18/03/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
23.53
CNY
Average target price
31.01
CNY
Spread / Average Target
+31.79%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -12.56% | 3.32B | |
| -16.25% | 1.01B | |
| +35.49% | 393M | |
| +6.49% | 373M | |
| +4.78% | 142M | |
| -0.52% | 104M | |
| -13.43% | 52.31M |
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