Financials Lanzhou Zhuangyuan Pasture Co., Ltd.

Equities

002910

CNE100002R16

Food Processing

End-of-day quote Shenzhen S.E. 23:00:00 21/05/2024 BST 5-day change 1st Jan Change
7.64 CNY +0.39% Intraday chart for Lanzhou Zhuangyuan Pasture Co., Ltd. +1.33% -30.16%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,995 1,966 2,005 2,544 2,980 2,139
Enterprise Value (EV) 1 2,096 2,159 1,880 2,859 3,736 2,902
P/E ratio 34.8 x 42.4 x 185 x 50.4 x 54.1 x -26 x
Yield 0.57% 0.48% 0.22% 0.41% 0.41% -
Capitalization / Revenue 3.03 x 2.42 x 2.71 x 2.49 x 2.84 x 2.24 x
EV / Revenue 3.19 x 2.65 x 2.54 x 2.8 x 3.56 x 3.04 x
EV / EBITDA 17.1 x 14.3 x 13.5 x 16.3 x 25.2 x 29.7 x
EV / FCF -78.5 x -25.4 x -10.1 x -4.92 x -12.6 x -47.6 x
FCF Yield -1.27% -3.93% -9.91% -20.3% -7.96% -2.1%
Price to Book 1.87 x 1.78 x 1.36 x 1.64 x 2.19 x 1.69 x
Nbr of stocks (in thousands) 187,340 190,681 233,681 232,381 196,699 195,539
Reference price 2 11.84 11.45 9.260 11.59 15.15 10.94
Announcement Date 30/01/19 26/04/20 29/03/21 30/03/22 20/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 657.7 813.6 739.8 1,021 1,050 955.7
EBITDA 1 122.2 151 139.7 175.4 148 97.78
EBIT 1 69.67 79.13 47.64 62.58 47.21 -2.281
Operating Margin 10.59% 9.73% 6.44% 6.13% 4.5% -0.24%
Earnings before Tax (EBT) 1 65.18 64.98 12.36 55.13 68.2 -84.72
Net income 1 63.53 51.32 10.45 53.53 60.95 -81.48
Net margin 9.66% 6.31% 1.41% 5.24% 5.81% -8.53%
EPS 2 0.3400 0.2700 0.0500 0.2300 0.2800 -0.4200
Free Cash Flow 1 -26.69 -84.87 -186.4 -581.4 -297.5 -60.96
FCF margin -4.06% -10.43% -25.19% -56.92% -28.34% -6.38%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0680 0.0550 0.0200 0.0470 0.0624 -
Announcement Date 30/01/19 26/04/20 29/03/21 30/03/22 20/04/23 26/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 101 193 - 316 756 763
Net Cash position 1 - - 124 - - -
Leverage (Debt/EBITDA) 0.8226 x 1.278 x - 1.8 x 5.106 x 7.804 x
Free Cash Flow 1 -26.7 -84.9 -186 -581 -298 -61
ROE (net income / shareholders' equity) 5.5% 4.26% 0.74% 3.31% 4.06% -6.2%
ROA (Net income/ Total Assets) 2.26% 2.16% 1.07% 1.33% 1.07% -0.05%
Assets 1 2,810 2,375 978.3 4,032 5,680 149,222
Book Value Per Share 2 6.320 6.430 6.810 7.060 6.910 6.480
Cash Flow per Share 2 2.150 2.170 3.620 1.740 1.300 1.210
Capex 1 213 460 410 375 205 132
Capex / Sales 32.31% 56.53% 55.39% 36.7% 19.55% 13.82%
Announcement Date 30/01/19 26/04/20 29/03/21 30/03/22 20/04/23 26/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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