Financials Shanghai Chinafortune Co., Ltd.

Equities

600621

CNE0000006D3

Investment Banking & Brokerage Services

End-of-day quote Shanghai S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
14.34 CNY -2.45% Intraday chart for Shanghai Chinafortune Co., Ltd. +0.99% +1.92%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 9,315 16,242 24,157 14,683 10,959 14,927
Enterprise Value (EV) 1 3,845 10,731 16,519 8,672 6,801 13,102
P/E ratio 439 x 255 x 34 x 29.4 x 31.3 x 38 x
Yield 0.08% 0.12% 0.62% 1.01% 0.97% 0.8%
Capitalization / Revenue 10 x 16.9 x 16.9 x 7.95 x 5.58 x 9.66 x
EV / Revenue 4.13 x 11.1 x 11.5 x 4.69 x 3.47 x 8.48 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.5 x 2.62 x 3.5 x 2.03 x 1.48 x 1.93 x
Nbr of stocks (in thousands) 1,060,899 1,060,899 1,060,899 1,060,899 1,060,899 1,060,899
Reference price 2 8.780 15.31 22.77 13.84 10.33 14.07
Announcement Date 28/03/19 30/03/20 30/03/21 29/03/22 30/03/23 29/03/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 931.8 962.5 1,433 1,848 1,963 1,545
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 -32.15 30.54 941.5 655.7 413.3 505.5
Net income 1 21.85 64.24 708.3 494.7 352.2 397.3
Net margin 2.34% 6.67% 49.43% 26.77% 17.94% 25.71%
EPS 2 0.0200 0.0600 0.6700 0.4700 0.3300 0.3700
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.007000 0.0190 0.1410 0.1400 0.1000 0.1130
Announcement Date 28/03/19 30/03/20 30/03/21 29/03/22 30/03/23 29/03/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 5,469 5,512 7,638 6,011 4,158 1,825
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) -0.34% 0.23% 10.2% 6.92% 4.74% 5.2%
ROA (Net income/ Total Assets) -0.12% 0.07% 2.77% 1.62% 1.02% 1.11%
Assets 1 -17,561 88,482 25,540 30,553 34,525 35,871
Book Value Per Share 2 5.840 5.850 6.510 6.820 6.990 7.300
Cash Flow per Share 2 5.140 7.360 8.050 7.870 8.200 7.250
Capex 1 56.2 68.6 77.3 122 134 136
Capex / Sales 6.04% 7.13% 5.39% 6.61% 6.85% 8.83%
Announcement Date 28/03/19 30/03/20 30/03/21 29/03/22 30/03/23 29/03/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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