SUN ART RETAIL GROUP LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.47 HKD | -3.29% |
|
-4.55% | +5.00% |
| 05-23 | Jefferies Adjusts Sun Art Retail Group's Price Target to HK$1.78 From HK$1.70, Keeps at Hold | MT |
| 05-22 | Sun Art Retail Swings to 1.6 Billion Yuan Loss in FY2024 as Revenue Drops 13% | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 62,404 | 100,213 | 51,141 | 22,015 | 26,290 | 13,471 | - | - |
| Enterprise Value (EV) 1 | 49,137 | 92,682 | 51,141 | 3,356 | 6,841 | 13,741 | -1,019 | -3,271 |
| P/E ratio | 21.8 x | 35 x | 14.5 x | -28.8 x | 276 x | -8.47 x | 38.7 x | 18.9 x |
| Yield | 2.14% | - | - | 1.65% | 1.45% | 2.02% | 1.58% | 2.65% |
| Capitalization / Revenue | 0.65 x | 1.05 x | 0.41 x | 0.25 x | 0.31 x | 0.19 x | 0.18 x | 0.18 x |
| EV / Revenue | 0.52 x | 0.97 x | 0.41 x | 0.04 x | 0.08 x | 0.19 x | -0.01 x | -0.04 x |
| EV / EBITDA | 5.18 x | 10.6 x | - | 0.86 x | 1.42 x | 5.75 x | -0.25 x | -0.7 x |
| EV / FCF | 18 x | - | - | 2.1 x | 2.4 x | -0.06 x | -0.25 x | -0.97 x |
| FCF Yield | 5.56% | - | - | 47.6% | 41.6% | -1,544% | -398% | -103% |
| Price to Book | 2.61 x | 3.93 x | - | 0.92 x | 1.12 x | 0.6 x | 0.63 x | 0.61 x |
| Nbr of stocks (in thousands) | 9,539,705 | 9,539,705 | 9,539,705 | 9,539,705 | 9,539,705 | 9,539,705 | - | - |
| Reference price 2 | 6.542 | 10.50 | 5.361 | 2.308 | 2.756 | 1.412 | 1.412 | 1.412 |
| Announcement Date | 20/02/20 | 31/01/21 | 10/05/21 | 24/05/22 | 16/05/23 | 21/05/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 95,357 | 95,486 | 124,334 | 88,134 | 83,662 | 72,567 | 73,427 | 76,636 |
| EBITDA 1 | 9,482 | 8,768 | - | 3,880 | 4,805 | 2,389 | 4,021 | 4,658 |
| EBIT 1 | 4,458 | 4,664 | - | 18 | 1,177 | -1,009 | 768 | 1,298 |
| Operating Margin | 4.68% | 4.88% | - | 0.02% | 1.41% | -1.39% | 1.05% | 1.69% |
| Earnings before Tax (EBT) 1 | 4,252 | 4,114 | - | -503 | 722 | -1,434 | 351.5 | 1,085 |
| Net income 1 | 2,834 | 2,872 | 3,572 | -739 | 109 | -1,605 | 361.1 | 730.3 |
| Net margin | 2.97% | 3.01% | 2.87% | -0.84% | 0.13% | -2.21% | 0.49% | 0.95% |
| EPS 2 | 0.3000 | 0.3000 | 0.3700 | -0.0800 | 0.0100 | -0.1700 | 0.0365 | 0.0749 |
| Free Cash Flow 1 | 2,734 | - | - | 1,598 | 2,848 | 2,430 | 4,053 | 3,379 |
| FCF margin | 2.87% | - | - | 1.81% | 3.4% | 3.18% | 5.52% | 4.41% |
| FCF Conversion (EBITDA) | 28.83% | - | - | 41.19% | 59.27% | 72.3% | 100.81% | 72.55% |
| FCF Conversion (Net income) | 96.47% | - | - | - | 2,612.84% | 102,701% | 1,122.44% | 462.74% |
| Dividend per Share 2 | 0.1400 | - | - | 0.0380 | 0.0400 | 0.0286 | 0.0224 | 0.0374 |
| Announcement Date | 20/02/20 | 31/01/21 | 10/05/21 | 24/05/22 | 16/05/23 | 21/05/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 53,170 | 42,316 | - | 46,600 | 40,611 | 43,051 | 35,768 | 36,799 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | 3,346 | 1,318 | - | - | - | - | - | - |
| Operating Margin | 6.29% | 3.11% | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 3,062 | 1,052 | - | -797 | 265 | 457 | -194 | -1,240 |
| Net income 1 | 2,062 | 810 | 117 | -856 | -69 | 178 | -359 | -1,246 |
| Net margin | 3.88% | 1.91% | - | -1.84% | -0.17% | 0.41% | -1% | -3.39% |
| EPS | - | - | 0.0100 | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 12/08/20 | 31/01/21 | 01/11/21 | 24/05/22 | 15/11/22 | 16/05/23 | 14/11/23 | 21/05/24 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 13,267 | 7,531 | - | 18,659 | 19,449 | 13,628 | 14,489 | 16,742 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 2,734 | - | - | 1,598 | 2,848 | 2,430 | 4,053 | 3,379 |
| ROE (net income / shareholders' equity) | 12.3% | 11.6% | - | -2.95% | 0.46% | 0.41% | 1.72% | 3.27% |
| ROA (Net income/ Total Assets) | 4.02% | 4.05% | - | -1.1% | 0.17% | 0.33% | 0.59% | 1.42% |
| Assets 1 | 70,531 | 70,907 | - | 67,489 | 64,931 | 713.7 | 61,598 | 51,325 |
| Book Value Per Share 2 | 2.510 | 2.670 | - | 2.510 | 2.470 | 2.360 | 2.230 | 2.300 |
| Cash Flow per Share 2 | 0.4800 | 0.8600 | - | 0.3800 | 0.4500 | 0.3200 | 0.3600 | 0.4300 |
| Capex 1 | 1,871 | 1,561 | - | 1,979 | 1,454 | 1,842 | 1,963 | 2,082 |
| Capex / Sales | 1.96% | 1.63% | - | 2.25% | 1.74% | 2.41% | 2.67% | 2.72% |
| Announcement Date | 20/02/20 | 31/01/21 | 10/05/21 | 24/05/22 | 16/05/23 | 21/05/24 | - | - |
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
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
1.412
CNY
Average target price
1.755
CNY
Spread / Average Target
+24.26%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +5.00% | 1.86B | |
| +23.43% | 36.92B | |
| +4.69% | 32.84B | |
| -4.59% | 17.32B | |
| +7.08% | 15.02B | |
| +37.33% | 13.97B | |
| -15.89% | 13.24B | |
| -.--% | 11.82B | |
| -19.62% | 10.57B | |
| -12.00% | 9.8B |
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- Financials Sun Art Retail Group Limited
