APPLE FLAVOR & FRAGRANCE GROUP CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.03 CNY | +0.50% |
|
+5.66% | -3.95% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,378 | 2,630 | 3,165 | 5,450 | 3,720 | 3,140 |
| Enterprise Value (EV) 1 | 1,576 | 1,723 | 2,264 | 4,320 | 2,876 | 2,146 |
| P/E ratio | 21.6 x | 17.3 x | 18.6 x | 24.9 x | 34.2 x | 34.6 x |
| Yield | 1.48% | 1.82% | 1.62% | 1.05% | 0.61% | 1.2% |
| Capitalization / Revenue | 0.95 x | 1.06 x | 1.19 x | 1.63 x | 1.16 x | 1.13 x |
| EV / Revenue | 0.63 x | 0.7 x | 0.85 x | 1.29 x | 0.9 x | 0.77 x |
| EV / EBITDA | 10.5 x | 8.43 x | 9.56 x | 16.1 x | 16 x | 13.9 x |
| EV / FCF | -7.66 x | 25.7 x | -156 x | -19.6 x | -16.8 x | 40.3 x |
| FCF Yield | -13.1% | 3.89% | -0.64% | -5.09% | -5.97% | 2.48% |
| Price to Book | 1.2 x | 1.25 x | 1.42 x | 1.76 x | 1.21 x | 1 x |
| Nbr of stocks (in thousands) | 320,000 | 320,000 | 320,000 | 383,238 | 375,738 | 375,638 |
| Reference price 2 | 7.430 | 8.220 | 9.890 | 14.22 | 9.900 | 8.360 |
| Announcement Date | 19-04-03 | 20-04-24 | 21-03-15 | 22-04-29 | 23-04-26 | 24-04-22 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,500 | 2,475 | 2,668 | 3,345 | 3,202 | 2,783 |
| EBITDA 1 | 150.3 | 204.4 | 236.8 | 268.6 | 179.7 | 154 |
| EBIT 1 | 124.2 | 171.9 | 196.2 | 227.6 | 131.8 | 93.23 |
| Operating Margin | 4.97% | 6.95% | 7.35% | 6.81% | 4.12% | 3.35% |
| Earnings before Tax (EBT) 1 | 159.5 | 210.8 | 239.3 | 293.1 | 165.3 | 141.9 |
| Net income 1 | 110.2 | 151.8 | 170.2 | 188.7 | 110 | 90.77 |
| Net margin | 4.41% | 6.13% | 6.38% | 5.64% | 3.44% | 3.26% |
| EPS 2 | 0.3442 | 0.4743 | 0.5320 | 0.5708 | 0.2893 | 0.2416 |
| Free Cash Flow 1 | -205.7 | 67.08 | -14.55 | -219.9 | -171.7 | 53.32 |
| FCF margin | -8.23% | 2.71% | -0.55% | -6.57% | -5.36% | 1.92% |
| FCF Conversion (EBITDA) | - | 32.83% | - | - | - | 34.63% |
| FCF Conversion (Net income) | - | 44.19% | - | - | - | 58.74% |
| Dividend per Share 2 | 0.1100 | 0.1500 | 0.1600 | 0.1500 | 0.0600 | 0.1000 |
| Announcement Date | 19-04-03 | 20-04-24 | 21-03-15 | 22-04-29 | 23-04-26 | 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 | 801 | 908 | 901 | 1,129 | 844 | 994 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | -206 | 67.1 | -14.6 | -220 | -172 | 53.3 |
| ROE (net income / shareholders' equity) | 6.2% | 7.65% | 8.17% | 8.06% | 3.75% | 3.32% |
| ROA (Net income/ Total Assets) | 3.37% | 4.28% | 4.53% | 4.28% | 2.14% | 1.52% |
| Assets 1 | 3,265 | 3,550 | 3,762 | 4,413 | 5,153 | 5,991 |
| Book Value Per Share 2 | 6.210 | 6.580 | 6.950 | 8.070 | 8.170 | 8.360 |
| Cash Flow per Share 2 | 2.500 | 2.510 | 0.8100 | 0.6500 | 0.8400 | 1.080 |
| Capex 1 | 78.9 | 107 | 139 | 325 | 201 | 151 |
| Capex / Sales | 3.16% | 4.34% | 5.23% | 9.71% | 6.28% | 5.42% |
| Announcement Date | 19-04-03 | 20-04-24 | 21-03-15 | 22-04-29 | 23-04-26 | 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
| 1st Jan change | Capi. | |
|---|---|---|
| -3.95% | 415M | |
| +2.58% | 30.04B | |
| +19.87% | 24.83B | |
| +6.09% | 11.25B | |
| +17.94% | 5.36B | |
| +21.05% | 4.46B | |
| -8.21% | 3.8B | |
| +3.03% | 3.39B | |
| +5.27% | 3.05B | |
| +30.13% | 2.84B |
- Stock Market
- Equities
- 603020 Stock
- Financials Apple Flavor & Fragrance Group Co.,Ltd.