Financials Shanghai Shine-Link International Logistics Co., Ltd.

Equities

603648

CNE100002VS9

Air Freight & Logistics

End-of-day quote Shanghai S.E. 23:00:00 28/04/2024 BST 5-day change 1st Jan Change
9.13 CNY +3.75% Intraday chart for Shanghai Shine-Link International Logistics Co., Ltd. +10.13% -6.45%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,845 3,672 3,130 3,270 3,280 3,537
Enterprise Value (EV) 1 3,128 3,063 2,408 2,733 3,031 3,591
P/E ratio 26.9 x 31 x 28.1 x 22.5 x 20.3 x 23.1 x
Yield 1.44% 1.81% 2.12% 3.38% 3.87% -
Capitalization / Revenue 3.12 x 2.83 x 2.06 x 2.05 x 2 x 2.17 x
EV / Revenue 2.54 x 2.36 x 1.59 x 1.72 x 1.85 x 2.2 x
EV / EBITDA 17.3 x 18 x 13.8 x 12.5 x 14.3 x 16.6 x
EV / FCF -12.6 x 14.9 x 38 x 13.5 x 35.2 x 26.8 x
FCF Yield -7.95% 6.7% 2.63% 7.41% 2.84% 3.72%
Price to Book 2.36 x 2.17 x 1.8 x 1.8 x 1.8 x 1.92 x
Nbr of stocks (in thousands) 368,667 368,667 368,667 368,667 362,413 362,413
Reference price 2 10.43 9.960 8.490 8.870 9.050 9.760
Announcement Date 25/04/19 27/04/20 28/04/21 28/04/22 28/04/23 25/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,233 1,295 1,517 1,593 1,638 1,632
EBITDA 1 180.6 169.7 174.4 219.4 212.6 216
EBIT 1 144.9 115.3 115.8 164 157.6 160.5
Operating Margin 11.75% 8.9% 7.64% 10.3% 9.63% 9.84%
Earnings before Tax (EBT) 1 189 145 139.7 184.6 191.6 179.5
Net income 1 142.8 118.4 111.2 145.5 162.1 153.1
Net margin 11.58% 9.14% 7.33% 9.13% 9.9% 9.38%
EPS 2 0.3872 0.3211 0.3018 0.3947 0.4458 0.4225
Free Cash Flow 1 -248.6 205.3 63.37 202.7 86.11 133.8
FCF margin -20.16% 15.85% 4.18% 12.72% 5.26% 8.2%
FCF Conversion (EBITDA) - 120.99% 36.33% 92.35% 40.5% 61.92%
FCF Conversion (Net income) - 173.41% 56.96% 139.27% 53.13% 87.35%
Dividend per Share 2 0.1500 0.1800 0.1800 0.3000 0.3500 -
Announcement Date 25/04/19 27/04/20 28/04/21 28/04/22 28/04/23 25/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - 53.8
Net Cash position 1 717 609 722 537 249 -
Leverage (Debt/EBITDA) - - - - - 0.2489 x
Free Cash Flow 1 -249 205 63.4 203 86.1 134
ROE (net income / shareholders' equity) 8.88% 6.98% 6.51% 8.34% 9.03% 8.53%
ROA (Net income/ Total Assets) 4.77% 3.67% 3.69% 4.79% 4.28% 4.18%
Assets 1 2,995 3,223 3,012 3,036 3,790 3,667
Book Value Per Share 2 4.430 4.600 4.720 4.920 5.020 5.090
Cash Flow per Share 2 0.9200 0.7900 0.6600 0.7000 0.5600 0.5800
Capex 1 304 193 89.3 22.9 139 161
Capex / Sales 24.63% 14.89% 5.89% 1.44% 8.49% 9.86%
Announcement Date 25/04/19 27/04/20 28/04/21 28/04/22 28/04/23 25/04/24
1CNY in Million2CNY
Estimates
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