CLOUD MUSIC INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 100.5 HKD | +1.21% |
|
+1.62% | +11.98% |
| 05-23 | Cloud Music's Q1 Profit Jumps 75% | MT |
| 05-23 | Cloud Music Inc. Announces Resignation of Ran Wang as Non-Executive Director | CI |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 26,577 | 14,504 | 17,481 | 20,155 | - | - |
| Enterprise Value (EV) 1 | 26,577 | 5,441 | 8,031 | 9,385 | 7,973 | 6,319 |
| P/E ratio | -8.04 x | -64.6 x | 23.5 x | 18.8 x | 16.8 x | 14 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 3.8 x | 1.61 x | 2.22 x | 2.45 x | 2.22 x | 2.03 x |
| EV / Revenue | 3.8 x | 0.61 x | 1.02 x | 1.14 x | 0.88 x | 0.64 x |
| EV / EBITDA | -20 x | -15 x | 23.2 x | 11.8 x | 7.22 x | 4.55 x |
| EV / FCF | - | 2.99 x | 43.8 x | 11.2 x | 6.88 x | 4.54 x |
| FCF Yield | - | 33.4% | 2.29% | 8.92% | 14.5% | 22% |
| Price to Book | 3.6 x | 1.83 x | 2.07 x | 2.1 x | 1.87 x | 1.65 x |
| Nbr of stocks (in thousands) | 207,757 | 211,906 | 214,289 | 215,467 | - | - |
| Reference price 2 | 127.9 | 68.45 | 81.57 | 93.54 | 93.54 | 93.54 |
| Announcement Date | 3/24/22 | 2/23/23 | 2/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 6,998 | 8,992 | 7,867 | 8,226 | 9,094 | 9,947 |
| EBITDA 1 | - | -1,332 | -362 | 346.7 | 793.9 | 1,104 | 1,388 |
| EBIT 1 | - | -1,347 | -384.5 | 330.2 | 788.7 | 1,051 | 1,369 |
| Operating Margin | - | -19.25% | -4.28% | 4.2% | 9.59% | 11.55% | 13.77% |
| Earnings before Tax (EBT) 1 | - | -2,051 | -204.5 | 767.7 | 1,209 | 1,380 | 1,702 |
| Net income 1 | -2,951 | -2,056 | -221.5 | 734.2 | 1,086 | 1,209 | 1,455 |
| Net margin | - | -29.38% | -2.46% | 9.33% | 13.21% | 13.29% | 14.63% |
| EPS 2 | -24.22 | -15.92 | -1.060 | 3.470 | 4.977 | 5.552 | 6.677 |
| Free Cash Flow 1 | - | - | 1,817 | 183.5 | 837.3 | 1,158 | 1,392 |
| FCF margin | - | - | 20.2% | 2.33% | 10.18% | 12.74% | 13.99% |
| FCF Conversion (EBITDA) | - | - | - | 52.94% | 105.47% | 104.95% | 100.32% |
| FCF Conversion (Net income) | - | - | - | 24.99% | 77.08% | 95.82% | 95.67% |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 11/23/21 | 3/24/22 | 2/23/23 | 2/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2023 S1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,752 | 2,192 | 2,367 | 3,908 | 2,073 | 4,102 | 2,151 | 2,149 | 4,300 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | -41.75 | - | - | - | - | - | - |
| Operating Margin | - | - | -1.76% | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | 695 | - | - | 545 |
| Net income | -152.6 | -90.78 | - | - | - | 625 | - | - | 463 |
| Net margin | -8.71% | -4.14% | - | - | - | 15.24% | - | - | 10.77% |
| EPS | - | - | - | - | - | 2.960 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 5/24/22 | 8/18/22 | 2/23/23 | 8/24/23 | - | - | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 9,063 | 9,450 | 10,771 | 12,183 | 13,837 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 1,817 | 184 | 837 | 1,158 | 1,392 |
| ROE (net income / shareholders' equity) | - | -198% | -2.91% | 9.03% | 12.5% | 12% | 12.4% |
| ROA (Net income/ Total Assets) | - | -23.6% | -2.18% | 6.53% | 8.83% | 9.04% | 9.3% |
| Assets 1 | - | 8,723 | 10,140 | 11,251 | 12,300 | 13,375 | 15,640 |
| Book Value Per Share 2 | - | 35.50 | 37.40 | 39.40 | 44.50 | 50.00 | 56.70 |
| Cash Flow per Share 2 | - | -7.030 | 8.820 | 0.8900 | 2.590 | 5.020 | 7.130 |
| Capex 1 | - | 39.5 | 26.1 | 5.55 | 27.3 | 28 | 30 |
| Capex / Sales | - | 0.56% | 0.29% | 0.07% | 0.33% | 0.31% | 0.3% |
| Announcement Date | 11/23/21 | 3/24/22 | 2/23/23 | 2/29/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
93.54
CNY
Average target price
111.5
CNY
Spread / Average Target
+19.18%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +11.98% | 2.74B | |
| +7.63% | 55.59B | |
| -13.28% | 5.96B | |
| +40.00% | 1.6B | |
| -43.44% | 1.33B | |
| -12.70% | 1.29B | |
| -84.00% | 640M | |
| -0.29% | 385M | |
| -0.47% | 171M | |
| +15.11% | 147M |
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