VATTI CORPORATION LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7 CNY | +10.06% |
|
+4.01% | +12.72% |
| 04-26 | Vatti Corporation Limited Proposes Final Cash Dividend for the Year 2023 | CI |
| 04-25 | Vatti Corporation Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,711 | 7,485 | 5,391 | 4,696 | 5,264 | 5,934 | - | - |
| Enterprise Value (EV) 1 | 10,679 | 6,720 | 4,695 | 3,295 | 3,772 | 3,828 | 3,643 | 5,934 |
| P/E ratio | 15.8 x | 18.8 x | 26.5 x | 32.8 x | 11.8 x | 9.21 x | 9.39 x | - |
| Yield | 2.24% | 1.7% | 1.57% | 1.81% | 4.83% | 6% | 4.81% | - |
| Capitalization / Revenue | 2.04 x | 1.72 x | 0.96 x | 0.81 x | 0.84 x | 0.85 x | 0.8 x | 0.7 x |
| EV / Revenue | 1.86 x | 1.54 x | 0.84 x | 0.57 x | 0.61 x | 0.55 x | 0.49 x | 0.7 x |
| EV / EBITDA | 11.2 x | 11 x | 16.6 x | 11.4 x | 6.19 x | 5.97 x | 4.63 x | 5.42 x |
| EV / FCF | 20,340,576 x | - | - | - | - | - | - | - |
| FCF Yield | 0% | - | - | - | - | - | - | - |
| Price to Book | 3.89 x | 2.43 x | 1.66 x | 1.42 x | 1.44 x | 1.47 x | 1.41 x | 1.13 x |
| Nbr of stocks (in thousands) | 872,643 | 847,654 | 847,654 | 847,654 | 847,654 | 847,654 | - | - |
| Reference price 2 | 13.42 | 8.830 | 6.360 | 5.540 | 6.210 | 7.000 | 7.000 | 7.000 |
| Announcement Date | 27/02/20 | 25/02/21 | 28/04/22 | 28/04/23 | 25/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,748 | 4,360 | 5,588 | 5,819 | 6,233 | 6,952 | 7,412 | 8,516 |
| EBITDA 1 | 951.7 | 610 | 282.1 | 289.8 | 608.9 | 641.6 | 786.1 | 1,096 |
| EBIT 1 | 816.5 | 461.5 | 229.1 | 147.4 | 481.4 | 713.8 | 736.4 | 949.6 |
| Operating Margin | 14.2% | 10.58% | 4.1% | 2.53% | 7.72% | 10.27% | 9.93% | 11.15% |
| Earnings before Tax (EBT) 1 | 844.3 | 467.5 | 230.6 | 145.9 | 496.3 | 713.3 | 752.7 | 948.6 |
| Net income 1 | 747.8 | 407.9 | 207.3 | 143.1 | 447.2 | 642.4 | 632.6 | 854.7 |
| Net margin | 13.01% | 9.35% | 3.71% | 2.46% | 7.17% | 9.24% | 8.54% | 10.04% |
| EPS 2 | 0.8519 | 0.4693 | 0.2400 | 0.1688 | 0.5275 | 0.7600 | 0.7457 | - |
| Free Cash Flow | 525 | - | - | - | - | - | - | - |
| FCF margin | 9.13% | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | 55.17% | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | 70.21% | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.3000 | 0.1500 | 0.1000 | 0.1000 | 0.3000 | 0.4200 | 0.3367 | - |
| Announcement Date | 27/02/20 | 25/02/21 | 28/04/22 | 28/04/23 | 25/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,930 | 1,623 | 1,125 | 1,679 | 1,456 | 1,559 | 1,195 | 1,685 | 1,551 | 1,802 | 1,381 | 1,884 | 1,660 | 1,773 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | -108.8 | 94.84 | 196.2 | 51.78 | -195.4 | 110.9 | 189 | 108.6 | - | - | - | - | - |
| Operating Margin | - | -6.7% | 8.43% | 11.69% | 3.56% | -12.53% | 9.28% | 11.22% | 7% | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 395.2 | - | - | - | - | - | - | - | - | 87.53 | - | - | - | - |
| Net margin | 13.48% | - | - | - | - | - | - | - | - | 4.86% | - | - | - | - |
| EPS 2 | - | -0.0800 | 0.0938 | 0.1900 | 0.0500 | -0.1600 | 0.1087 | 0.2000 | 0.1100 | 0.1100 | 0.1483 | 0.2167 | 0.1333 | 0.0950 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 28/08/19 | 28/04/22 | 28/04/22 | 29/08/22 | 28/10/22 | 28/04/23 | 28/04/23 | 29/08/23 | 30/10/23 | 25/04/24 | 25/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,032 | 764 | 696 | 1,401 | 1,492 | 2,106 | 2,290 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | 525 | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 26.5% | 13.2% | 6.48% | 4.39% | 12.9% | 16.3% | 15.5% | 16.3% |
| ROA (Net income/ Total Assets) | 13.3% | 6.9% | 3.35% | 2.16% | - | 8.6% | 7.97% | - |
| Assets 1 | 5,635 | 5,910 | 6,188 | 6,616 | - | 7,470 | 7,941 | - |
| Book Value Per Share 2 | 3.450 | 3.640 | 3.830 | 3.890 | 4.300 | 4.770 | 4.970 | 6.180 |
| Cash Flow per Share 2 | 0.8900 | -0.1200 | 0.5500 | 0.4700 | 1.360 | 0.8900 | 0.7500 | 0.7200 |
| Capex 1 | 254 | 200 | 267 | 221 | 267 | 185 | 217 | - |
| Capex / Sales | 4.42% | 4.59% | 4.77% | 3.79% | 4.29% | 2.65% | 2.93% | - |
| Announcement Date | 27/02/20 | 25/02/21 | 28/04/22 | 28/04/23 | 25/04/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
7
CNY
Average target price
7.485
CNY
Spread / Average Target
+6.93%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.72% | 819M | |
| +22.79% | 28.64B | |
| +35.11% | 6.93B | |
| +81.37% | 6.43B | |
| -22.31% | 5.17B | |
| +0.22% | 3.3B | |
| +30.89% | 3.14B | |
| +2.91% | 3.06B | |
| -0.02% | 3.04B | |
| +4.27% | 2.96B |
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