Financials Suning Universal Co.,Ltd

Equities

000718

CNE0000007N0

Real Estate Development & Operations

End-of-day quote Shenzhen S.E. 23:00:00 14/05/2024 BST 5-day change 1st Jan Change
2.08 CNY +0.97% Intraday chart for Suning Universal Co.,Ltd +2.97% -19.69%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 9,650 8,872 9,422 12,938 9,263 7,860
Enterprise Value (EV) 1 7,876 9,408 11,008 15,004 10,372 8,993
P/E ratio 9.46 x 9.42 x 10 x 22.8 x 28 x 43.2 x
Yield 9.43% 7.85% - 0.42% 5.15% 0.77%
Capitalization / Revenue 2.97 x 2.26 x 2.2 x 4.32 x 4.14 x 3.72 x
EV / Revenue 2.43 x 2.4 x 2.57 x 5.01 x 4.63 x 4.26 x
EV / EBITDA 5.37 x 4.71 x 6.31 x 12.3 x 13.6 x 11.5 x
EV / FCF 4.28 x 10.9 x 45.9 x -73.7 x 13.6 x 16.6 x
FCF Yield 23.3% 9.14% 2.18% -1.36% 7.35% 6.03%
Price to Book 1.12 x 1.28 x 1.12 x 1.47 x 1.05 x 0.84 x
Nbr of stocks (in thousands) 3,034,636 2,322,592 2,746,862 2,746,862 2,806,862 3,034,636
Reference price 2 3.180 3.820 3.430 4.710 3.300 2.590
Announcement Date 02/04/19 14/04/20 08/04/21 27/04/22 17/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,244 3,924 4,287 2,994 2,239 2,113
EBITDA 1 1,466 1,996 1,743 1,219 765 784.8
EBIT 1 1,393 1,895 1,630 1,104 649.2 649.6
Operating Margin 42.95% 48.29% 38.03% 36.87% 28.99% 30.73%
Earnings before Tax (EBT) 1 1,378 1,663 1,488 907 399.2 268.4
Net income 1 1,021 1,231 1,038 628.3 357.9 182.1
Net margin 31.46% 31.37% 24.21% 20.99% 15.99% 8.62%
EPS 2 0.3363 0.4056 0.3421 0.2070 0.1180 0.0600
Free Cash Flow 1 1,838 859.4 240.1 -203.7 762.6 542
FCF margin 56.67% 21.9% 5.6% -6.8% 34.06% 25.65%
FCF Conversion (EBITDA) 125.41% 43.06% 13.77% - 99.68% 69.07%
FCF Conversion (Net income) 180.12% 69.82% 23.12% - 213.05% 297.62%
Dividend per Share 2 0.3000 0.3000 - 0.0200 0.1700 0.0200
Announcement Date 02/04/19 14/04/20 08/04/21 27/04/22 17/04/23 26/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 536 1,586 2,066 1,110 1,134
Net Cash position 1 1,774 - - - - -
Leverage (Debt/EBITDA) - 0.2683 x 0.9097 x 1.696 x 1.45 x 1.444 x
Free Cash Flow 1 1,838 859 240 -204 763 542
ROE (net income / shareholders' equity) 10.9% 13.9% 11.8% 6.88% 3.84% 1.83%
ROA (Net income/ Total Assets) 4.51% 6.43% 6% 4.37% 2.63% 2.68%
Assets 1 22,615 19,157 17,295 14,364 13,601 6,802
Book Value Per Share 2 2.840 2.990 3.070 3.210 3.130 3.090
Cash Flow per Share 2 0.9400 0.6800 0.3500 0.1600 0.3700 0.1700
Capex 1 15.7 73.6 37.8 18.8 20 416
Capex / Sales 0.48% 1.88% 0.88% 0.63% 0.89% 19.69%
Announcement Date 02/04/19 14/04/20 08/04/21 27/04/22 17/04/23 26/04/24
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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