Financials Virscend Education Company Limited

Equities

1565

KYG936691024

Miscellaneous Educational Service Providers

Market Closed - Hong Kong S.E. 09:08:22 29/04/2024 BST 5-day change 1st Jan Change
0.17 HKD +1.80% Intraday chart for Virscend Education Company Limited +3.03% +13.33%

Valuation

Fiscal Period: August 2018 2019 2020 2021 2022 2023
Capitalization 1 12,849 6,678 8,241 1,539 409.4 348.7
Enterprise Value (EV) 1 13,195 8,434 10,854 2,232 1,412 2,059
P/E ratio 36.1 x 16.8 x 38.1 x -0.57 x 35.6 x 10.7 x
Yield 1.69% 3.31% 2.05% 4.75% - 3.28%
Capitalization / Revenue 11 x 4.47 x 4.47 x 4.05 x 0.74 x 0.46 x
EV / Revenue 11.3 x 5.65 x 5.88 x 5.87 x 2.56 x 2.7 x
EV / EBITDA 25.9 x 14.4 x 17.2 x 30.2 x 8.43 x 8.6 x
EV / FCF 68.1 x -19.1 x 146 x - -0.96 x 7.85 x
FCF Yield 1.47% -5.24% 0.69% - -104% 12.7%
Price to Book 4.57 x 2.45 x 3.02 x 1.78 x 0.51 x 0.42 x
Nbr of stocks (in thousands) 3,088,761 3,088,761 3,088,761 3,088,761 3,088,761 3,088,761
Reference price 2 4.160 2.162 2.668 0.4984 0.1325 0.1129
Announcement Date 30/04/19 29/04/20 28/04/21 16/05/22 29/12/22 27/12/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: August 2018 2019 2020 2021 2022 2023
Net sales 1 1,168 1,493 1,845 380.3 551.1 762.3
EBITDA 1 510 587.5 632.3 73.89 167.5 239.3
EBIT 1 389.2 453.1 454.6 -145.6 67.57 137.6
Operating Margin 33.32% 30.34% 24.64% -38.29% 12.26% 18.06%
Earnings before Tax (EBT) 1 369.5 411.9 229.6 -265.4 4.422 54.32
Net income 1 356.4 397.1 225.5 -2,696 11.38 32.26
Net margin 30.51% 26.6% 12.22% -708.96% 2.06% 4.23%
EPS 2 0.1154 0.1286 0.0700 -0.8729 0.003724 0.0106
Free Cash Flow 1 193.7 -441.7 74.54 - -1,468 262.2
FCF margin 16.59% -29.58% 4.04% - -266.31% 34.4%
FCF Conversion (EBITDA) 37.99% - 11.79% - - 109.55%
FCF Conversion (Net income) 54.36% - 33.06% - - 812.68%
Dividend per Share 2 0.0703 0.0715 0.0547 0.0237 - 0.003702
Announcement Date 30/04/19 29/04/20 28/04/21 16/05/22 29/12/22 27/12/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: August 2018 2019 2020 2021 2022 2023
Net Debt 1 346 1,756 2,612 693 1,002 1,710
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.678 x 2.989 x 4.131 x 9.375 x 5.986 x 7.144 x
Free Cash Flow 1 194 -442 74.5 - -1,468 262
ROE (net income / shareholders' equity) 13.2% 14.6% 7.96% - 0.47% 4.7%
ROA (Net income/ Total Assets) 5.22% 5.03% 4.08% - 0.95% 2.02%
Assets 1 6,832 7,900 5,522 - 1,197 1,594
Book Value Per Share 2 0.9100 0.8800 0.8800 0.2800 0.2600 0.2700
Cash Flow per Share 2 0.2100 0.1300 0.2500 0.2000 0.1300 0.2400
Capex 1 250 827 866 414 188 129
Capex / Sales 21.41% 55.42% 46.97% 108.88% 34.07% 16.87%
Announcement Date 30/04/19 29/04/20 28/04/21 16/05/22 29/12/22 27/12/23
1CNY in Million2CNY
Estimates
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