Financials Anji Foodstuff Co., Ltd

Equities

603696

CNE1000023V8

Food Processing

End-of-day quote Shanghai S.E. 18:00:00 2024-04-28 EDT 5-day change 1st Jan Change
8.77 CNY +3.42% Intraday chart for Anji Foodstuff Co., Ltd +3.54% -17.11%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,626 1,983 2,740 2,251 2,545 2,488
Enterprise Value (EV) 1 1,255 1,667 2,473 1,949 2,269 2,234
P/E ratio 40.3 x 46.8 x 53 x 50.4 x 180 x 81.4 x
Yield 12.2% 3.56% 2.15% 1.31% 0.46% -
Capitalization / Revenue 4.8 x 4.71 x 6.52 x 4.1 x 4.57 x 3.94 x
EV / Revenue 3.7 x 3.96 x 5.88 x 3.55 x 4.07 x 3.53 x
EV / EBITDA 31.6 x 37.1 x 45.3 x 37.2 x 74.5 x 44.4 x
EV / FCF -151 x 13.2 x 718 x 25.1 x 1,923 x -110 x
FCF Yield -0.66% 7.57% 0.14% 3.99% 0.05% -0.91%
Price to Book 2.51 x 3.35 x 4.84 x 4.1 x 4.74 x 4.61 x
Nbr of stocks (in thousands) 235,200 235,200 235,200 235,200 235,200 235,200
Reference price 2 6.914 8.430 11.65 9.570 10.82 10.58
Announcement Date 19-04-02 20-04-16 21-04-20 22-04-20 23-04-20 24-04-22
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 339 421.3 420.4 549 557.2 632.1
EBITDA 1 39.66 44.99 54.64 52.37 30.46 50.35
EBIT 1 30.81 35.62 46.64 44.99 22.88 43.03
Operating Margin 9.09% 8.45% 11.09% 8.2% 4.11% 6.81%
Earnings before Tax (EBT) 1 47.69 49.07 62.9 54.53 16.08 36.91
Net income 1 39.48 42.8 52.82 45.39 13.84 31.09
Net margin 11.65% 10.16% 12.56% 8.27% 2.48% 4.92%
EPS 2 0.1714 0.1800 0.2200 0.1900 0.0600 0.1300
Free Cash Flow 1 -8.323 126.2 3.443 77.71 1.18 -20.29
FCF margin -2.46% 29.95% 0.82% 14.16% 0.21% -3.21%
FCF Conversion (EBITDA) - 280.5% 6.3% 148.4% 3.87% -
FCF Conversion (Net income) - 294.88% 6.52% 171.2% 8.52% -
Dividend per Share 2 0.8464 0.3000 0.2500 0.1250 0.0500 -
Announcement Date 19-04-02 20-04-16 21-04-20 22-04-20 23-04-20 24-04-22
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 371 315 267 301 276 255
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -8.32 126 3.44 77.7 1.18 -20.3
ROE (net income / shareholders' equity) 5.78% 6.92% 9.13% 8.15% 2.55% 5.68%
ROA (Net income/ Total Assets) 2.64% 3.34% 4.62% 4.44% 2.26% 4.28%
Assets 1 1,497 1,282 1,144 1,022 613.7 725.6
Book Value Per Share 2 2.750 2.510 2.400 2.330 2.280 2.290
Cash Flow per Share 2 1.100 0.4600 0.3800 0.6700 0.6200 0.6900
Capex 1 33.5 8.92 21.2 13.9 8.52 16.7
Capex / Sales 9.89% 2.12% 5.03% 2.53% 1.53% 2.64%
Announcement Date 19-04-02 20-04-16 21-04-20 22-04-20 23-04-20 24-04-22
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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