BAIRONG INC. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.25 HKD | +0.54% |
|
+0.43% | -31.58% |
| 07-11 | Bairong Inc. Appoints Han Kui Fang as an Executive Director | CI |
| 06-21 | Bairong Inc.'s Equity Buyback announced on May 17, 2023, has expired. | CI |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,048 | 4,544 | 5,808 | 4,032 | - | - |
| Enterprise Value (EV) 1 | 660 | 3,787 | 5,039 | 2,698 | 1,611 | 4,032 |
| P/E ratio | -0.93 x | 20 x | 18.1 x | 10.6 x | 8.56 x | 6.47 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 2.49 x | 2.21 x | 2.17 x | 1.29 x | 1.08 x | 0.93 x |
| EV / Revenue | 0.41 x | 1.84 x | 1.88 x | 0.87 x | 0.43 x | 0.93 x |
| EV / EBITDA | 2.83 x | 14.4 x | 13.4 x | 5.62 x | 2.59 x | - |
| EV / FCF | 2.7 x | 13.6 x | 16.2 x | 9.67 x | 3.44 x | - |
| FCF Yield | 37% | 7.34% | 6.17% | 10.3% | 29.1% | - |
| Price to Book | 1.03 x | - | 1.32 x | 0.89 x | 0.81 x | 0.77 x |
| Nbr of stocks (in thousands) | 477,730 | 483,546 | 472,659 | 471,015 | - | - |
| Reference price 2 | 8.474 | 9.397 | 12.29 | 8.560 | 8.560 | 8.560 |
| Announcement Date | 3/23/22 | 3/22/23 | 3/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,137 | 1,623 | 2,054 | 2,681 | 3,114 | 3,719 | 4,330 |
| EBITDA 1 | - | 233.5 | 263.5 | 374.7 | 480.4 | 622.5 | - |
| EBIT 1 | - | 80.04 | 234.8 | 346.8 | 403.4 | 524.2 | 678.1 |
| Operating Margin | - | 4.93% | 11.43% | 12.93% | 12.95% | 14.09% | 15.66% |
| Earnings before Tax (EBT) 1 | - | -3,597 | 228.6 | 336.2 | 393.1 | 513.5 | 670.9 |
| Net income 1 | -110.6 | -3,603 | 239.7 | 340.5 | 400.1 | 501.7 | 662.8 |
| Net margin | -9.73% | -221.93% | 11.67% | 12.7% | 12.85% | 13.49% | 15.31% |
| EPS 2 | -0.8100 | -9.160 | 0.4700 | 0.6800 | 0.8050 | 1.000 | 1.323 |
| Free Cash Flow 1 | - | 244 | 278 | 310.9 | 279 | 469 | - |
| FCF margin | - | 15.03% | 13.53% | 11.6% | 8.96% | 12.61% | - |
| FCF Conversion (EBITDA) | - | 104.52% | 105.5% | 82.97% | 58.07% | 75.34% | - |
| FCF Conversion (Net income) | - | - | 115.99% | 91.32% | 69.72% | 93.48% | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 4/15/21 | 3/23/22 | 3/22/23 | 3/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 3,388 | 757 | 769 | 1,334 | 2,420 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 244 | 278 | 311 | 279 | 469 | - |
| ROE (net income / shareholders' equity) | - | 9.89% | 3.49% | 7.8% | 8.62% | 9.99% | 12.4% |
| ROA (Net income/ Total Assets) | - | 4.55% | 3.2% | 6.32% | 7.29% | 8.49% | 10.9% |
| Assets 1 | - | -79,135 | 7,486 | 5,386 | 5,486 | 5,911 | 6,058 |
| Book Value Per Share 2 | - | 8.250 | - | 9.330 | 9.670 | 10.50 | 11.00 |
| Cash Flow per Share 2 | - | 0.6700 | 0.5900 | 0.7100 | 0.7200 | 0.9400 | 1.080 |
| Capex 1 | - | 21.1 | 24.5 | 28.3 | 143 | 116 | 91 |
| Capex / Sales | - | 1.3% | 1.19% | 1.05% | 4.59% | 3.12% | 2.1% |
| Announcement Date | 4/15/21 | 3/23/22 | 3/22/23 | 3/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
8.56
CNY
Average target price
17.06
CNY
Spread / Average Target
+99.28%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -31.58% | 562M | |
| -3.19% | 2.93B | |
| -34.58% | 1.54B | |
| -56.06% | 693M | |
| -21.55% | 336M | |
| -28.35% | 271M | |
| -9.07% | 182M | |
| -29.21% | 168M | |
| +7.49% | 144M | |
| -30.58% | 127M |
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