Financials South China Vocational Education Group Company Limited

Equities

6913

KYG8281B1014

School, College & University

Market Closed - Hong Kong S.E. 09:09:00 03/05/2024 BST 5-day change 1st Jan Change
0.415 HKD +9.21% Intraday chart for South China Vocational Education Group Company Limited +10.67% +9.21%

Valuation

Fiscal Period: December 2021 2022 2023
Capitalization 1 1,239 1,991 460.7
Enterprise Value (EV) 1 1,102 2,085 359.5
P/E ratio 6.98 x 13.9 x 4.1 x
Yield 4.91% - 12.6%
Capitalization / Revenue 2.48 x 3.86 x 0.83 x
EV / Revenue 2.21 x 4.04 x 0.65 x
EV / EBITDA 9.44 x 16.1 x 3.27 x
EV / FCF -6,433,371 x -9,598,297 x 2,420,556 x
FCF Yield -0% -0% 0%
Price to Book 0.85 x 1.29 x 0.28 x
Nbr of stocks (in thousands) 1,334,000 1,334,000 1,334,000
Reference price 2 0.9289 1.493 0.3454
Announcement Date 21/04/22 26/04/23 24/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 411.8 444.4 449.4 499.6 516.3 556.2
EBITDA 1 132.7 136 149.5 116.7 129.2 109.8
EBIT 1 95.05 95.41 105 64.97 76.67 43.02
Operating Margin 23.09% 21.47% 23.38% 13% 14.85% 7.73%
Earnings before Tax (EBT) 1 149.4 160.7 175.5 157.4 148.3 110.1
Net income 1 129.8 150 170.5 153.9 142.9 112.4
Net margin 31.52% 33.75% 37.94% 30.81% 27.67% 20.21%
EPS - - 0.1705 0.1331 0.1071 0.0843
Free Cash Flow - -119.7 166.2 -171.3 -217.2 148.5
FCF margin - -26.93% 36.98% -34.28% -42.07% 26.7%
FCF Conversion (EBITDA) - - 111.16% - - 135.29%
FCF Conversion (Net income) - - 97.47% - - 132.14%
Dividend per Share - - - 0.0456 - 0.0436
Announcement Date 30/06/21 30/06/21 30/06/21 21/04/22 26/04/23 24/04/24
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 342 386 210 - 93.5 -
Net Cash position 1 - - - 137 - 101
Leverage (Debt/EBITDA) 2.579 x 2.838 x 1.402 x - 0.7238 x -
Free Cash Flow - -120 166 -171 -217 149
ROE (net income / shareholders' equity) - 21.4% 20.4% 13.2% 9.55% 7.05%
ROA (Net income/ Total Assets) - 3.4% 3.47% 1.93% 2.08% 1.12%
Assets 1 - 4,415 4,908 7,958 6,881 10,041
Book Value Per Share - - 0.8800 1.090 1.150 1.240
Cash Flow per Share - - 0.2900 0.3600 0.1900 0.3200
Capex 1 151 218 88.8 150 193 212
Capex / Sales 36.71% 48.99% 19.77% 30.04% 37.38% 38.19%
Announcement Date 30/06/21 30/06/21 30/06/21 21/04/22 26/04/23 24/04/24
1CNY in Million
Estimates
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