Financials Rainbow Digital Commercial Co., Ltd.

Equities

002419

CNE100000PS5

Department Stores

End-of-day quote Shenzhen S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
4.9 CNY -1.80% Intraday chart for Rainbow Digital Commercial Co., Ltd. +1.66% -11.39%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,663 9,170 7,449 8,042 6,464 5,727 - -
Enterprise Value (EV) 1 8,286 4,896 4,480 4,836 2,873 228.4 -220.6 5,727
P/E ratio 14.7 x 36.2 x 32.2 x 67 x 28.5 x 26.2 x 19.3 x 21.9 x
Yield 3.98% 2.75% 2.55% 0.73% 2.89% 2.38% 2.73% 2.55%
Capitalization / Revenue 0.65 x 0.78 x 0.61 x 0.66 x 0.53 x 0.46 x 0.43 x 0.44 x
EV / Revenue 0.43 x 0.41 x 0.37 x 0.4 x 0.24 x 0.02 x -0.02 x 0.44 x
EV / EBITDA 5.29 x 5.47 x 5.43 x 6.49 x 3.13 x 0.28 x -0.23 x -
EV / FCF 10.9 x 24.8 x 2.25 x 2.57 x 1.26 x 0.28 x -0.3 x -
FCF Yield 9.18% 4.03% 44.5% 38.9% 79.1% 357% -328% -
Price to Book 1.82 x 1.37 x 1.78 x 1.99 x 1.54 x 1.35 x 1.33 x 1.28 x
Nbr of stocks (in thousands) 1,200,300 1,200,300 1,186,211 1,168,848 1,168,848 1,168,848 - -
Reference price 2 10.55 7.640 6.280 6.880 5.530 4.900 4.900 4.900
Announcement Date 28/02/20 11/03/21 10/03/22 17/03/23 14/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 19,393 11,800 12,268 12,125 12,086 12,329 13,200 12,888
EBITDA 1 1,568 895 824.5 744.9 919.1 822 946 -
EBIT 1 1,090 335.1 357.8 233.4 394.1 310 411 359.5
Operating Margin 5.62% 2.84% 2.92% 1.92% 3.26% 2.51% 3.11% 2.79%
Earnings before Tax (EBT) 1 1,105 371.3 332.2 201.8 304.8 300 403.5 349.5
Net income 1 859.3 253.4 232.1 120.1 226.7 219.3 298.4 258.3
Net margin 4.43% 2.15% 1.89% 0.99% 1.88% 1.78% 2.26% 2%
EPS 2 0.7159 0.2111 0.1948 0.1027 0.1939 0.1867 0.2540 0.2233
Free Cash Flow 1 760.4 197.2 1,992 1,881 2,272 815 723.5 -
FCF margin 3.92% 1.67% 16.23% 15.51% 18.8% 6.61% 5.48% -
FCF Conversion (EBITDA) 48.51% 22.03% 241.56% 252.46% 247.16% 99.15% 76.48% -
FCF Conversion (Net income) 88.49% 77.81% 858.03% 1,565.95% 1,002.15% 371.58% 242.46% -
Dividend per Share 2 0.4200 0.2100 0.1600 0.0500 0.1600 0.1167 0.1335 0.1250
Announcement Date 28/02/20 11/03/21 10/03/22 17/03/23 14/03/24 - - -
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 4,377 4,274 2,969 3,206 3,591 5,499 5,948 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 760 197 1,992 1,881 2,272 815 724 -
ROE (net income / shareholders' equity) 12.9% 3.74% 4.3% 2.97% 5.51% 5.13% 7.06% 5.8%
ROA (Net income/ Total Assets) 5.23% 1.47% 0.93% - 0.77% 0.8% 1% 0.95%
Assets 1 16,443 17,216 24,958 - 29,454 27,417 29,840 27,193
Book Value Per Share 2 5.790 5.580 3.520 3.460 3.600 3.640 3.680 3.820
Cash Flow per Share 2 1.220 0.8600 2.290 2.060 2.350 1.500 2.140 1.610
Capex 1 699 834 742 523 475 420 569 483
Capex / Sales 3.6% 7.07% 6.05% 4.31% 3.93% 3.41% 4.31% 3.74%
Announcement Date 28/02/20 11/03/21 10/03/22 17/03/23 14/03/24 - - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
4.9 CNY
Average target price
6.65 CNY
Spread / Average Target
+35.71%
Consensus

Annual profits - Rate of surprise

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