Projected Income Statement: Fujian Sunner Development Co., Ltd.

Forecast Balance Sheet: Fujian Sunner Development Co., Ltd.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 3,092 4,359 6,770 4,552 4,685 4,318 3,030 3,126
Change - 40.98% 55.31% -32.76% 2.92% -7.84% -29.83% 3.17%
Announcement Date 20/04/22 28/03/23 27/03/24 11/04/25 12/04/26 - - -
1CNY in Million
Estimates

Cash Flow Forecast: Fujian Sunner Development Co., Ltd.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,751 1,448 1,453 1,521 1,824 1,471 970.4 1,014
Change - -17.29% 0.34% 4.69% 19.87% -19.34% -34.03% 4.47%
Free Cash Flow (FCF) 1 - - 838.2 1,528 2,209 1,581 2,398 2,861
Change - - - 82.26% 44.58% -28.42% 51.68% 19.31%
Announcement Date 20/04/22 28/03/23 27/03/24 11/04/25 12/04/26 - - -
1CNY in Million
Estimates

Forecast Financial Ratios: Fujian Sunner Development Co., Ltd.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 10.89% 9.97% 11.18% 12.37% 14.93% 12.69% 13.42% 14.79%
EBIT Margin (%) 3.62% 2.9% 4.11% 4.32% 7.48% 5.83% 7.38% 7.96%
EBT Margin (%) 3.53% 2.8% 3.79% 4.14% 7.15% 5.6% 6.96% 7.75%
Net margin (%) 3.1% 2.44% 3.59% 3.9% 6.87% 5.18% 6.44% 7.24%
FCF margin (%) - - 4.53% 8.22% 10.99% 7.15% 9.87% 10.58%
FCF / Net Income (%) - - 126.18% 210.93% 160.04% 138.04% 153.26% 146.29%

Profitability

        
ROA 2.8% - 3.21% 3.34% - 4.85% 7.24% 8.3%
ROE 4.61% 4.15% 6.58% 6.96% 12.59% 9.76% 12.14% 14.19%

Financial Health

        
Leverage (Debt/EBITDA) 1.96x 2.6x 3.28x 1.98x 1.56x 1.54x 0.93x 0.78x
Debt / Free cash flow - - 8.08x 2.98x 2.12x 2.73x 1.26x 1.09x

Capital Intensity

        
CAPEX / Current Assets (%) 12.09% 8.61% 7.86% 8.19% 9.08% 6.66% 3.99% 3.75%
CAPEX / EBITDA (%) 111.08% 86.37% 70.32% 66.15% 60.79% 52.44% 29.75% 25.36%
CAPEX / FCF (%) - - 173.38% 99.59% 82.56% 93.04% 40.47% 35.43%

Items per share

        
Cash flow per share 1 1.481 1.084 1.843 2.452 3.244 1.825 2.256 2.81
Change - -26.83% 70.03% 33.07% 32.28% -43.74% 23.61% 24.57%
Dividend per Share 1 0.3 0.2 0.3 0.2 0.2 0.4277 0.3961 0.4567
Change - -33.33% 50% -33.33% 0% 113.85% -7.4% 15.31%
Book Value Per Share 1 7.966 7.986 8.29 8.396 9.018 9.546 10.39 11.35
Change - 0.26% 3.81% 1.28% 7.41% 5.85% 8.82% 9.29%
EPS 1 0.3614 0.3321 0.5368 0.5875 1.12 0.9225 1.26 1.573
Change - -8.11% 61.64% 9.44% 90.69% -17.66% 36.58% 24.84%
Nbr of stocks (in thousands) 1,244,406 1,243,753 1,243,400 1,243,400 1,243,112 1,243,112 1,243,112 1,243,112
Announcement Date 20/04/22 28/03/23 27/03/24 11/04/25 12/04/26 - - -
1CNY
Estimates
2026 *2027 *
P/E ratio 20.5x 15x
PBR 1.98x 1.82x
EV / Sales 1.26x 1.09x
Yield 2.27% 2.1%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
18.88CNY
Average target price
21.86CNY
Spread / Average Target
+15.79%

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. 002299 Stock
  4. Financials Fujian Sunner Development Co., Ltd.