BEIJING CERTIFICATE AUTHORITY CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 19.77 CNY | -1.93% |
|
-4.86% | -23.55% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,729 | 6,997 | 7,119 | 7,290 | 6,515 | 6,982 |
| Enterprise Value (EV) 1 | 2,053 | 6,336 | 6,404 | 6,730 | 6,046 | 6,527 |
| P/E ratio | 31.6 x | 71 x | 69.1 x | 62.8 x | 64.3 x | -148 x |
| Yield | 0.88% | 0.26% | 0.25% | 0.25% | 0.15% | - |
| Capitalization / Revenue | 4.09 x | 8.81 x | 8.3 x | 7.1 x | 5.93 x | 7.18 x |
| EV / Revenue | 3.07 x | 7.98 x | 7.46 x | 6.56 x | 5.5 x | 6.71 x |
| EV / EBITDA | 22.5 x | 63.1 x | 61.3 x | 56.9 x | 56.6 x | -81.6 x |
| EV / FCF | 22.8 x | -208 x | 140 x | -59.6 x | -62.9 x | 344 x |
| FCF Yield | 4.38% | -0.48% | 0.71% | -1.68% | -1.59% | 0.29% |
| Price to Book | 4.46 x | 10.3 x | 9.43 x | 8.54 x | 6.95 x | 7.73 x |
| Nbr of stocks (in thousands) | 270,000 | 270,000 | 270,000 | 270,000 | 270,000 | 270,000 |
| Reference price 2 | 10.11 | 25.91 | 26.37 | 27.00 | 24.13 | 25.86 |
| Announcement Date | 19-03-22 | 20-03-25 | 21-03-30 | 22-03-30 | 23-03-30 | 24-03-29 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 667.7 | 793.9 | 858 | 1,026 | 1,099 | 972.5 |
| EBITDA 1 | 91.37 | 100.5 | 104.4 | 118.3 | 106.8 | -79.95 |
| EBIT 1 | 85.7 | 94.03 | 96.44 | 109.9 | 96.49 | -94.46 |
| Operating Margin | 12.83% | 11.84% | 11.24% | 10.71% | 8.78% | -9.71% |
| Earnings before Tax (EBT) 1 | 98.91 | 110.2 | 115.7 | 131.9 | 107.6 | -77.24 |
| Net income 1 | 86.46 | 98.53 | 103 | 116 | 101.4 | -47.2 |
| Net margin | 12.95% | 12.41% | 12% | 11.31% | 9.22% | -4.85% |
| EPS 2 | 0.3202 | 0.3649 | 0.3814 | 0.4297 | 0.3754 | -0.1748 |
| Free Cash Flow 1 | 89.94 | -30.4 | 45.73 | -112.9 | -96.18 | 18.96 |
| FCF margin | 13.47% | -3.83% | 5.33% | -11% | -8.75% | 1.95% |
| FCF Conversion (EBITDA) | 98.44% | - | 43.81% | - | - | - |
| FCF Conversion (Net income) | 104.04% | - | 44.41% | - | - | - |
| Dividend per Share 2 | 0.0889 | 0.0667 | 0.0667 | 0.0667 | 0.0350 | - |
| Announcement Date | 19-03-22 | 20-03-25 | 21-03-30 | 22-03-30 | 23-03-30 | 24-03-29 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 676 | 660 | 715 | 560 | 469 | 455 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 89.9 | -30.4 | 45.7 | -113 | -96.2 | 19 |
| ROE (net income / shareholders' equity) | 14.9% | 15.2% | 14.4% | 14.5% | 11.4% | -5.1% |
| ROA (Net income/ Total Assets) | 5.21% | 4.81% | 4.29% | 4.42% | 3.78% | -3.82% |
| Assets 1 | 1,660 | 2,047 | 2,401 | 2,626 | 2,684 | 1,235 |
| Book Value Per Share 2 | 2.270 | 2.520 | 2.800 | 3.160 | 3.470 | 3.350 |
| Cash Flow per Share 2 | 2.500 | 2.440 | 2.670 | 1.690 | 1.390 | 1.480 |
| Capex 1 | 19 | 77.4 | 15.6 | 70.1 | 29.7 | 31.8 |
| Capex / Sales | 2.85% | 9.75% | 1.81% | 6.83% | 2.7% | 3.27% |
| Announcement Date | 19-03-22 | 20-03-25 | 21-03-30 | 22-03-30 | 23-03-30 | 24-03-29 |
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. | |
|---|---|---|
| -23.55% | 739M | |
| +7.14% | 425B | |
| -30.04% | 3.19B | |
| -39.78% | 960M | |
| -4.63% | 909M | |
| +102.93% | 278M | |
| +6.42% | 270M | |
| -1.67% | 229M | |
| -37.55% | 205M | |
| +23.94% | 159M |
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