Financials Chongqing Department Store Co.,Ltd.

Equities

600729

CNE000000LF2

Food Retail & Distribution

End-of-day quote Shanghai S.E. 23:00:00 01/07/2024 BST 5-day change 1st Jan Change
22.73 CNY -1.94% Intraday chart for Chongqing Department Store Co.,Ltd. -5.92% -19.40%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,135 11,749 10,308 9,479 11,303 10,057 - -
Enterprise Value (EV) 1 12,135 11,749 10,308 9,479 11,303 10,057 10,057 10,057
P/E ratio 12.3 x 11.4 x 10.6 x 10.6 x 8.52 x 7.08 x 6.54 x 6.01 x
Yield 2.45% 12.8% 14.6% 2.88% 4.81% 6.04% 6.97% 6.73%
Capitalization / Revenue 0.35 x 0.56 x 0.49 x 0.52 x 0.6 x 0.51 x 0.48 x 0.47 x
EV / Revenue 0.35 x 0.56 x 0.49 x 0.52 x 0.6 x 0.51 x 0.48 x 0.47 x
EV / EBITDA 7.97 x 7.88 x 5.66 x 7.35 x 6.49 x 6.28 x 6.04 x 5.08 x
EV / FCF - - - - 8.5 x 8.57 x 7.86 x 7.8 x
FCF Yield - - - - 11.8% 11.7% 12.7% 12.8%
Price to Book 1.93 x 1.69 x 1.78 x 1.86 x 1.84 x 1.44 x 1.26 x 1.12 x
Nbr of stocks (in thousands) 406,528 406,528 396,168 400,798 400,798 442,460 - -
Reference price 2 29.85 28.90 26.02 23.65 28.20 22.73 22.73 22.73
Announcement Date 30/04/20 01/04/21 25/03/22 07/04/23 18/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 34,536 21,077 21,124 18,304 18,985 19,823 20,816 21,556
EBITDA 1 1,523 1,491 1,821 1,289 1,742 1,602 1,665 1,981
EBIT 1 1,194 1,194 1,118 998.2 1,435 1,610 1,746 1,909
Operating Margin 3.46% 5.66% 5.29% 5.45% 7.56% 8.12% 8.39% 8.85%
Earnings before Tax (EBT) 1 1,179 1,221 1,132 999.9 1,442 1,617 1,753 1,916
Net income 1 985.3 1,034 979.9 883.4 1,315 1,417 1,536 1,668
Net margin 2.85% 4.9% 4.64% 4.83% 6.93% 7.15% 7.38% 7.74%
EPS 2 2.420 2.540 2.450 2.230 3.310 3.211 3.474 3.783
Free Cash Flow 1 - - - - 1,329 1,173 1,280 1,290
FCF margin - - - - 7% 5.92% 6.15% 5.98%
FCF Conversion (EBITDA) - - - - 76.3% 73.21% 76.87% 65.13%
FCF Conversion (Net income) - - - - 101.11% 82.76% 83.35% 77.32%
Dividend per Share 2 0.7300 3.690 3.790 0.6800 1.356 1.372 1.585 1.530
Announcement Date 30/04/20 01/04/21 25/03/22 07/04/23 18/04/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - - 1,329 1,173 1,280 1,290
ROE (net income / shareholders' equity) 16.7% 15.5% 16.7% 17.3% 22.6% 20.2% 19.3% 17.5%
ROA (Net income/ Total Assets) 6.73% 6.47% 5.63% 4.99% 7.34% 7.33% 7.63% 7.91%
Assets 1 14,632 15,977 17,402 17,714 17,918 19,347 20,139 21,100
Book Value Per Share 2 15.50 17.10 14.60 12.70 15.30 15.80 18.10 20.30
Cash Flow per Share 2 2.150 2.910 2.790 1.520 3.520 2.300 3.710 4.110
Capex 1 361 321 232 212 104 226 237 294
Capex / Sales 1.05% 1.53% 1.1% 1.16% 0.55% 1.14% 1.14% 1.36%
Announcement Date 30/04/20 01/04/21 25/03/22 07/04/23 18/04/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
22.73 CNY
Average target price
39.44 CNY
Spread / Average Target
+73.50%
Consensus

Annual profits - Rate of surprise

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