Financials New Hope Liuhe Co.,Ltd.

Equities

000876

CNE000000VB0

Fishing & Farming

End-of-day quote Shenzhen S.E. 23:00:00 25/04/2024 BST 5-day change 1st Jan Change
9.25 CNY +1.20% Intraday chart for New Hope Liuhe Co.,Ltd. +3.01% -0.75%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 30,693 82,650 99,273 67,465 57,696 41,783 41,783 -
Enterprise Value (EV) 1 30,693 82,650 128,635 116,869 110,826 81,651 76,573 70,088
P/E ratio 18.2 x 16.4 x 19.1 x -6.91 x -35.9 x -21.8 x 21.7 x 8.47 x
Yield 0.41% 0.75% - - - - 0.81% 2.45%
Capitalization / Revenue 0.44 x 1.01 x 0.9 x 0.53 x 0.41 x 0.28 x 0.27 x 0.25 x
EV / Revenue 0.44 x 1.01 x 1.17 x 0.93 x 0.78 x 0.55 x 0.5 x 0.43 x
EV / EBITDA 6.96 x 10.3 x 12.9 x -78.2 x 26.3 x 18.3 x 8.32 x 5.18 x
EV / FCF - - - -7,182,946 x 41,158,853 x - - -
FCF Yield - - - -0% 0% - - -
Price to Book 1.42 x 3.23 x 2.67 x 2.47 x 2.25 x 1.46 x 1.37 x 1.2 x
Nbr of stocks (in thousands) 4,216,015 4,142,848 4,431,843 4,435,573 4,469,125 4,517,092 4,517,092 -
Reference price 2 7.280 19.95 22.40 15.21 12.91 9.250 9.250 9.250
Announcement Date 03/04/19 31/03/20 04/03/21 27/04/22 28/04/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 69,063 82,051 109,825 126,262 141,508 148,054 154,426 164,593
EBITDA 1 4,413 8,023 10,000 -1,495 4,219 4,466 9,200 13,528
EBIT 1 3,241 6,669 6,730 -6,955 -587 -1,441 3,162 6,372
Operating Margin 4.69% 8.13% 6.13% -5.51% -0.41% -0.97% 2.05% 3.87%
Earnings before Tax (EBT) 1 2,991 6,431 6,164 -9,091 -1,760 -1,830 2,462 5,649
Net income 1 1,705 5,042 4,944 -9,591 -1,461 -1,922 1,931 4,953
Net margin 2.47% 6.14% 4.5% -7.6% -1.03% -1.3% 1.25% 3.01%
EPS 2 0.4000 1.220 1.170 -2.200 -0.3600 -0.4239 0.4261 1.093
Free Cash Flow - - - -16,270 2,693 - - -
FCF margin - - - -12.89% 1.9% - - -
FCF Conversion (EBITDA) - - - - 63.82% - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0300 0.1500 - - - - 0.0748 0.2263
Announcement Date 03/04/19 31/03/20 04/03/21 27/04/22 28/04/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q2 2021 Q3 2021 Q4 2022 S1 2022 Q3 2022 Q4
Net sales 1 - 32,280 32,957 31,786 - - 41,088
EBITDA - - - - - - -
EBIT 1 - -2,597 - -2,996 - - 1,910
Operating Margin - -8.04% - -9.43% - - 4.65%
Earnings before Tax (EBT) - - - - - - -
Net income 3,164 - - - -4,140 1,433 -
Net margin - - - - - - -
EPS 2 - -0.8100 -0.6900 -0.7200 -0.9300 0.3200 0.2500
Dividend per Share - - - - - - -
Announcement Date 28/08/20 30/08/21 29/10/21 27/04/22 31/08/22 30/10/22 28/04/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - 29,362 49,404 53,130 39,868 34,790 28,304
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - 2.936 x -33.05 x 12.59 x 8.927 x 3.781 x 2.092 x
Free Cash Flow - - - -16,270 2,693 - - -
ROE (net income / shareholders' equity) 7.87% 20.6% 16.1% -28.6% -5.55% -3.92% 4.78% 13%
ROA (Net income/ Total Assets) 3.77% 8.99% 5.69% -7.92% -1.08% -1.6% 1.9% 4.2%
Assets 1 45,192 56,078 86,832 121,089 134,705 120,148 101,612 117,921
Book Value Per Share 2 5.120 6.180 8.400 6.160 5.740 6.320 6.770 7.700
Cash Flow per Share 2 0.7900 1.050 1.260 0.1100 2.040 1.090 1.960 2.850
Capex 1 3,403 8,821 33,410 16,772 6,546 2,977 3,363 4,000
Capex / Sales 4.93% 10.75% 30.42% 13.28% 4.63% 2.01% 2.18% 2.43%
Announcement Date 03/04/19 31/03/20 04/03/21 27/04/22 28/04/23 - - -
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
9.25 CNY
Average target price
10.45 CNY
Spread / Average Target
+12.95%
Consensus
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  4. Financials New Hope Liuhe Co.,Ltd.