Financials Anjoy Foods Group Co., Ltd.

Equities

603345

CNE100002YQ7

Food Processing

End-of-day quote Shanghai S.E. 18:00:00 2024-06-24 EDT 5-day change 1st Jan Change
73.23 CNY +0.59% Intraday chart for Anjoy Foods Group Co., Ltd. -7.06% -30.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,668 45,647 41,743 47,478 30,682 21,401 - -
Enterprise Value (EV) 1 13,668 45,647 41,013 42,470 26,036 15,430 15,222 14,935
P/E ratio 36.7 x 75.9 x 61 x 41.8 x 20.8 x 12.7 x 10.9 x 9.76 x
Yield 0.8% 0.38% 0.41% 0.7% 1.7% 3.43% 3.81% 4.46%
Capitalization / Revenue 2.6 x 6.55 x 4.5 x 3.9 x 2.18 x 1.33 x 1.17 x 1.04 x
EV / Revenue 2.6 x 6.55 x 4.42 x 3.49 x 1.85 x 0.96 x 0.83 x 0.73 x
EV / EBITDA 22.4 x 47.8 x 37 x 25.1 x 11.4 x 5.93 x 5.02 x 4.38 x
EV / FCF - - - 126 x 50.5 x 30.8 x 13.2 x 10.2 x
FCF Yield - - - 0.79% 1.98% 3.25% 7.6% 9.8%
Price to Book 4.98 x 13 x 8.23 x 4.07 x 2.43 x 1.54 x 1.39 x 1.26 x
Nbr of stocks (in thousands) 230,067 236,675 244,424 293,294 293,294 292,246 - -
Reference price 2 59.41 192.9 170.8 161.9 104.6 73.23 73.23 73.23
Announcement Date 2/21/20 4/12/21 4/25/22 4/24/23 4/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,267 6,965 9,272 12,183 14,045 16,088 18,354 20,487
EBITDA 1 610.9 955.4 1,108 1,694 2,290 2,602 3,029 3,409
EBIT 1 468.1 774.8 860.4 1,340 1,866 2,122 2,489 2,801
Operating Margin 8.89% 11.12% 9.28% 11% 13.29% 13.19% 13.56% 13.67%
Earnings before Tax (EBT) 1 484.1 781.4 879.4 1,427 1,936 2,215 2,586 2,901
Net income 1 373.3 603.8 682.3 1,101 1,478 1,697 1,981 2,224
Net margin 7.09% 8.67% 7.36% 9.04% 10.52% 10.55% 10.79% 10.85%
EPS 2 1.620 2.540 2.800 3.870 5.040 5.774 6.716 7.504
Free Cash Flow 1 - - - 337.2 515.2 501 1,157 1,464
FCF margin - - - 2.77% 3.67% 3.11% 6.3% 7.15%
FCF Conversion (EBITDA) - - - 19.91% 22.5% 19.25% 38.19% 42.95%
FCF Conversion (Net income) - - - 30.63% 34.86% 29.52% 58.4% 65.84%
Dividend per Share 2 0.4740 0.7420 0.6990 1.127 1.775 2.509 2.790 3.264
Announcement Date 2/21/20 4/12/21 4/25/22 4/24/23 4/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 3,176 2,936 2,881 4,027 3,191 3,704 3,377 3,774 3,755 4,066 3,834 4,729 3,968 4,516
EBITDA - - - - - - - - - - - - - -
EBIT 1 249 283.7 294.7 527.6 463 459.6 466.9 476.4 567.9 522.7 460.5 585 592.5 652.4
Operating Margin 7.84% 9.66% 10.23% 13.1% 14.51% 12.41% 13.83% 12.62% 15.12% 12.86% 12.01% 12.37% 14.93% 14.45%
Earnings before Tax (EBT) 1 - - - - - 479.2 501.6 485.6 576.8 608.5 458.1 617.6 - -
Net income 1 - - - - - 373.6 386.5 356.4 - 457.7 371.5 465.8 - -
Net margin - - - - - 10.09% 11.45% 9.44% - 11.26% 9.69% 9.85% - -
EPS 2 0.7700 0.8500 0.8000 1.430 1.230 1.280 1.310 1.220 1.500 1.465 1.333 1.649 - -
Dividend per Share 2 0.7000 - - - - - - - - 0.7321 0.7321 0.7321 0.8358 0.8358
Announcement Date 4/25/22 8/22/22 10/17/22 4/24/23 4/24/23 7/31/23 10/26/23 4/26/24 4/27/24 - - - - -
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 - - 729 5,008 4,646 5,971 6,179 6,466
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - 337 515 501 1,157 1,464
ROE (net income / shareholders' equity) 15.4% 19.5% 14.7% 10.7% 12.1% 12.3% 13.1% 13.3%
ROA (Net income/ Total Assets) 7.29% 9.45% 8.6% - 8.84% 8.89% 9.26% 9.57%
Assets 1 5,124 6,391 7,934 - 16,722 19,099 21,400 23,243
Book Value Per Share 2 11.90 14.90 20.80 39.80 43.10 47.50 52.60 58.20
Cash Flow per Share 2 2.510 2.810 2.200 4.800 6.670 7.200 8.120 9.830
Capex 1 606 692 908 1,070 1,440 1,115 1,069 957
Capex / Sales 11.5% 9.94% 9.8% 8.78% 10.26% 6.93% 5.83% 4.67%
Announcement Date 2/21/20 4/12/21 4/25/22 4/24/23 4/26/24 - - -
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
73.23 CNY
Average target price
109.5 CNY
Spread / Average Target
+49.57%
Consensus
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