BRIGHT DAIRY & FOOD CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.16 CNY | +1.62% |
|
-1.21% | -6.53% |
| 04-28 | Bright Dairy & Food Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 02-07 | Modern Dairy, Bright Dairy See Minimal Impact from Extreme Weather | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 15,539 | 19,910 | 20,018 | 14,834 | 12,034 | 11,069 | - | - |
| Enterprise Value (EV) 1 | 16,001 | 19,906 | 19,479 | 15,412 | 12,034 | 11,069 | 11,069 | 11,069 |
| P/E ratio | 31 x | 32.5 x | 30.3 x | 41.4 x | 12.5 x | 19.6 x | 18.3 x | 17.3 x |
| Yield | 1.02% | 0.98% | 1.1% | 0.74% | 2.52% | 1.55% | 7.38% | 1.78% |
| Capitalization / Revenue | 0.69 x | 0.79 x | 0.69 x | 0.53 x | 0.45 x | 0.41 x | 0.38 x | 0.38 x |
| EV / Revenue | 0.69 x | 0.79 x | 0.69 x | 0.53 x | 0.45 x | 0.41 x | 0.38 x | 0.38 x |
| EV / EBITDA | 7.96 x | 9.31 x | 14.2 x | 9.6 x | 5.82 x | 5.01 x | 4.67 x | 4.52 x |
| EV / FCF | 23,360,297 x | 34,761,792 x | 189,362,329 x | -33,695,883 x | - | - | - | - |
| FCF Yield | 0% | 0% | 0% | -0% | - | - | - | - |
| Price to Book | 2.72 x | 3.17 x | 2.55 x | 1.85 x | 1.35 x | 1.3 x | 1.24 x | 1.11 x |
| Nbr of stocks (in thousands) | 1,224,488 | 1,224,488 | 1,378,641 | 1,378,641 | 1,378,474 | 1,378,474 | - | - |
| Reference price 2 | 12.69 | 16.26 | 14.52 | 10.76 | 8.730 | 8.160 | 8.160 | 8.160 |
| Announcement Date | 20-04-20 | 21-03-29 | 22-03-28 | 23-03-20 | 24-04-28 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 22,563 | 25,223 | 29,206 | 28,215 | 26,485 | 27,270 | 29,176 | 29,374 |
| EBITDA 1 | 1,952 | 2,138 | 1,411 | 1,545 | 2,066 | 2,208 | 2,370 | 2,448 |
| EBIT 1 | 1,135 | 1,196 | 656.9 | 541.2 | 891.5 | 766.2 | 822.7 | 852 |
| Operating Margin | 5.03% | 4.74% | 2.25% | 1.92% | 3.37% | 2.81% | 2.82% | 2.9% |
| Earnings before Tax (EBT) 1 | 1,074 | 1,157 | 699.9 | 497.9 | 816.4 | 709.2 | 767.3 | 803.5 |
| Net income 1 | 498.4 | 607.6 | 592.3 | 360.7 | 967.3 | 573.5 | 612.8 | 651.9 |
| Net margin | 2.21% | 2.41% | 2.03% | 1.28% | 3.65% | 2.1% | 2.1% | 2.22% |
| EPS 2 | 0.4100 | 0.5000 | 0.4800 | 0.2600 | 0.7000 | 0.4160 | 0.4460 | 0.4725 |
| Free Cash Flow | 665.2 | 572.8 | 105.7 | -440.2 | - | - | - | - |
| FCF margin | 2.95% | 2.27% | 0.36% | -1.56% | - | - | - | - |
| FCF Conversion (EBITDA) | 34.07% | 26.8% | 7.49% | - | - | - | - | - |
| FCF Conversion (Net income) | 133.46% | 94.27% | 17.85% | - | - | - | - | - |
| Dividend per Share 2 | 0.1300 | 0.1600 | 0.1600 | 0.0800 | 0.2200 | 0.1267 | 0.6025 | 0.1450 |
| Announcement Date | 20-04-20 | 21-03-29 | 22-03-28 | 23-03-20 | 24-04-28 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S2 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 7,149 | 7,246 | 7,164 | 6,975 | 6,830 | 13,804 | 7,071 | 7,068 | 6,525 | 5,821 | 6,417 | 7,879 | 7,371 | 7,811 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 558.9 | 292.4 | 221.7 | 263.1 | 4.093 | 52.3 | 56.4 | 287.8 | 211.2 | -135.7 | - | - | - | - | - |
| Operating Margin | - | 4.09% | 3.06% | 3.67% | 0.06% | 0.77% | 0.41% | 4.07% | 2.99% | -2.08% | - | - | - | - | - |
| Earnings before Tax (EBT) | 546.7 | 298.5 | - | - | - | - | 13.23 | - | - | - | - | - | - | - | - |
| Net income | 299.3 | 147.3 | - | - | - | - | 79.22 | - | - | - | - | - | - | - | - |
| Net margin | - | 2.06% | - | - | - | - | 0.57% | - | - | - | - | - | - | - | - |
| EPS | - | 0.1200 | 0.1200 | 0.0800 | 0.0700 | -0.0100 | - | 0.1400 | 0.1100 | -0.0200 | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 21-03-29 | 22-03-28 | 22-04-29 | 22-08-29 | 22-10-28 | 23-03-20 | 23-03-20 | 23-04-27 | 23-08-28 | 23-10-27 | 24-04-28 | 24-04-28 | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 463 | - | - | 578 | - | - | - | - |
| Net Cash position | - | 4.09 | 539 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.2369 x | - | - | 0.374 x | - | - | - | - |
| Free Cash Flow | 665 | 573 | 106 | -440 | - | - | - | - |
| ROE (net income / shareholders' equity) | 9.03% | 10.2% | 9.35% | 4.57% | 11.4% | 6.46% | 6.61% | 6.39% |
| ROA (Net income/ Total Assets) | 2.8% | 3.2% | 2.72% | 1.51% | 2.15% | 2.3% | 2.46% | 2.33% |
| Assets 1 | 17,788 | 18,975 | 21,809 | 23,951 | 44,992 | 24,933 | 24,909 | 27,937 |
| Book Value Per Share 2 | 4.670 | 5.130 | 5.700 | 5.800 | 6.470 | 6.270 | 6.580 | 7.340 |
| Cash Flow per Share 2 | 1.970 | 1.760 | 1.670 | 0.4800 | 1.060 | 1.550 | 1.480 | 1.240 |
| Capex 1 | 1,745 | 1,586 | 1,953 | 1,107 | 372 | 1,021 | 1,074 | 1,018 |
| Capex / Sales | 7.73% | 6.29% | 6.69% | 3.92% | 1.4% | 3.74% | 3.68% | 3.47% |
| Announcement Date | 20-04-20 | 21-03-29 | 22-03-28 | 23-03-20 | 24-04-28 | - | - | - |
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
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
8.03
CNY
Average target price
10.21
CNY
Spread / Average Target
+27.11%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.53% | 1.52B | |
| -2.84% | 22.51B | |
| -30.29% | 7.02B | |
| +3.81% | 6.67B | |
| +3.32% | 6.1B | |
| -1.54% | 5.43B | |
| -3.11% | 5.38B | |
| +22.60% | 5.2B | |
| -13.11% | 4.28B | |
| +0.56% | 3.74B |
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- Financials Bright Dairy & Food Co.,Ltd
