Financials Chengdu Hongqi Chain Co.,Ltd.

Equities

002697

CNE100001P27

Food Retail & Distribution

End-of-day quote Shenzhen S.E. 18:00:00 2024-04-29 EDT 5-day change 1st Jan Change
5.4 CNY +0.75% Intraday chart for Chengdu Hongqi Chain Co.,Ltd. +1.31% +8.43%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,268 8,990 7,235 7,657 6,773 7,344 - -
Enterprise Value (EV) 1 10,268 8,990 7,235 7,657 6,773 7,344 7,344 7,344
P/E ratio 19.9 x 17.9 x 15.2 x 15.6 x 12.1 x 12.1 x 11.4 x 10.5 x
Yield 1.15% 1.27% 1.65% 7.85% 2.49% 2.22% 2.41% 2.41%
Capitalization / Revenue 1.31 x 0.99 x 0.77 x 0.76 x 0.67 x 0.7 x 0.64 x 0.64 x
EV / Revenue 1.31 x 0.99 x 0.77 x 0.76 x 0.67 x 0.7 x 0.64 x 0.64 x
EV / EBITDA 14.1 x 12.3 x 10 x 10.7 x 8.49 x 6.02 x 8.31 x 7.89 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 3.36 x 2.61 x 1.96 x 1.84 x 1.65 x 1.61 x 1.4 x 1.32 x
Nbr of stocks (in thousands) 1,360,000 1,360,000 1,360,000 1,360,000 1,360,000 1,360,000 - -
Reference price 2 7.550 6.610 5.320 5.630 4.980 5.400 5.400 5.400
Announcement Date 20-02-26 21-03-31 22-04-01 23-04-07 24-04-01 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,823 9,053 9,351 10,020 10,133 10,518 11,546 11,443
EBITDA 1 728.4 732.6 721 712.3 797.7 1,219 884 930.3
EBIT 1 567.5 576.8 554.4 555.3 648.8 708 740.8 814.2
Operating Margin 7.25% 6.37% 5.93% 5.54% 6.4% 6.73% 6.42% 7.12%
Earnings before Tax (EBT) 1 567 575.1 551.1 555.6 646.6 707.4 740.8 813.7
Net income 1 516.2 504.9 481.3 485.7 561.1 610 647.3 701.7
Net margin 6.6% 5.58% 5.15% 4.85% 5.54% 5.8% 5.61% 6.13%
EPS 2 0.3800 0.3700 0.3500 0.3600 0.4100 0.4480 0.4750 0.5167
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0870 0.0840 0.0880 0.4420 0.1240 0.1200 0.1300 0.1300
Announcement Date 20-02-26 21-03-31 22-04-01 23-04-07 24-04-01 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 18.2% 15.6% 13.5% 12.4% 13.8% 13.4% 12.4% 12.6%
ROA (Net income/ Total Assets) 10.4% 8.99% 6.43% 5.71% - 7.15% 7.4% 7.55%
Assets 1 4,951 5,614 7,489 8,504 - 8,531 8,747 9,294
Book Value Per Share 2 2.250 2.530 2.710 3.050 3.020 3.360 3.850 4.100
Cash Flow per Share 2 0.2000 0.3600 0.7500 1.080 0.9100 0.7300 0.5200 0.7100
Capex 1 173 136 120 52.5 51.1 53.7 39.5 57.9
Capex / Sales 2.21% 1.5% 1.28% 0.52% 0.5% 0.51% 0.34% 0.51%
Announcement Date 20-02-26 21-03-31 22-04-01 23-04-07 24-04-01 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
5.4 CNY
Average target price
6.92 CNY
Spread / Average Target
+28.15%
Consensus

Annual profits - Rate of surprise

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