Financials Edvantage Group Holdings Limited

Equities

382

KYG2901A1067

School, College & University

Market Closed - Hong Kong S.E. 04:08:22 2024-05-10 EDT 5-day change 1st Jan Change
2.65 HKD +5.16% Intraday chart for Edvantage Group Holdings Limited +3.11% +4.74%

Valuation

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,629 5,488 4,924 2,223 2,461 2,658 - -
Enterprise Value (EV) 1 1,580 4,962 5,105 2,428 2,274 1,989 1,480 617.4
P/E ratio 9.33 x 18.8 x 11.7 x 3.87 x 3.84 x 3.79 x 3.52 x 3.32 x
Yield 0.35% 1.55% 2.48% 8.75% 7.66% 8.03% 8.84% 9.36%
Capitalization / Revenue 3.73 x 6.86 x 3.93 x 1.32 x 1.25 x 1.16 x 1.05 x 0.96 x
EV / Revenue 2.24 x 6.2 x 4.08 x 1.44 x 1.15 x 0.87 x 0.59 x 0.22 x
EV / EBITDA 5.67 x 13.7 x 8.31 x 2.97 x 2.46 x 1.9 x 1.27 x 0.49 x
EV / FCF -163 x -21 x -6.45 x 6.47 x 3.27 x 2.44 x 1.86 x 0.54 x
FCF Yield -0.62% -4.75% -15.5% 15.4% 30.6% 41% 53.7% 185%
Price to Book 1.26 x 2.99 x 1.91 x 0.74 x 0.69 x 0.66 x 0.57 x 0.51 x
Nbr of stocks (in thousands) 1,055,295 1,055,295 1,110,733 1,121,658 1,141,304 1,141,814 - -
Reference price 2 2.491 5.201 4.433 1.982 2.156 2.328 2.328 2.328
Announcement Date 19-11-05 20-11-10 21-11-15 22-11-25 23-11-24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 704.2 800.1 1,252 1,686 1,973 2,283 2,526 2,759
EBITDA 1 278.7 362.9 614.3 818.2 923.5 1,050 1,163 1,261
EBIT 1 214.5 304.5 492.4 653.6 732.7 801.7 912.5 1,001
Operating Margin 30.47% 38.06% 39.34% 38.77% 37.14% 35.11% 36.12% 36.27%
Earnings before Tax (EBT) 1 243.2 308 484 652.9 720 836.2 943 1,041
Net income 1 216.8 291.5 413.7 567.5 618.4 707.2 753.9 802.8
Net margin 30.78% 36.43% 33.05% 33.66% 31.34% 30.98% 29.84% 29.1%
EPS 2 0.2671 0.2762 0.3785 0.5125 0.5614 0.6150 0.6610 0.7022
Free Cash Flow 1 -9.722 -235.8 -791.6 375 696.1 816 795.5 1,142
FCF margin -1.38% -29.47% -63.25% 22.24% 35.28% 35.74% 31.49% 41.41%
FCF Conversion (EBITDA) - - - 45.83% 75.37% 77.73% 68.39% 90.59%
FCF Conversion (Net income) - - - 66.07% 112.57% 115.39% 105.52% 142.31%
Dividend per Share 2 0.008640 0.0807 0.1099 0.1735 0.1651 0.1870 0.2058 0.2180
Announcement Date 19-11-05 20-11-10 21-11-15 22-11-25 23-11-24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: August 2020 S1 2020 S2 2021 S1 2021 S2 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 418.3 381.8 554.3 697.4 863.4 - 1,000 1,160 1,190
EBITDA 1 - 178 - 378.8 444.6 - 468.2 521.4 507
EBIT 1 - 148.9 - 305.5 357.9 - 371 395.8 420
Operating Margin - 38.98% - 43.81% 41.45% - 37.09% 34.11% 35.29%
Earnings before Tax (EBT) 1 - 153.5 - - 358.9 - 357.8 386.5 440
Net income 1 - 144.4 - 249 316.3 298.7 319.6 338.2 365
Net margin - 37.8% - 35.7% 36.63% - 31.96% 29.15% 30.67%
EPS - - - - - 0.2770 - - -
Dividend per Share - - - - - - - - -
Announcement Date 20-04-22 20-11-10 21-04-20 21-11-15 22-11-25 23-04-26 23-11-24 24-04-26 -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 182 205 - - - -
Net Cash position 1 1,049 527 - - 187 669 1,178 2,041
Leverage (Debt/EBITDA) - - 0.2959 x 0.2502 x - - - -
Free Cash Flow 1 -9.72 -236 -792 375 696 816 796 1,143
ROE (net income / shareholders' equity) 19.4% 16.3% 18.9% 20.6% 19% 18.7% 17.3% 16.4%
ROA (Net income/ Total Assets) 7.85% 9.25% 8.54% 8.48% 7.87% 8.2% 7.9% 7.87%
Assets 1 2,761 3,150 4,847 6,692 7,857 8,620 9,538 10,201
Book Value Per Share 2 1.980 1.740 2.320 2.690 3.100 3.550 4.080 4.570
Cash Flow per Share 2 0.5200 0.2900 0.8900 0.8500 1.220 1.000 1.100 1.140
Capex 1 254 552 625 569 651 587 547 414
Capex / Sales 36.12% 69.02% 49.9% 33.78% 33.02% 25.71% 21.67% 15.01%
Announcement Date 19-11-05 20-11-10 21-11-15 22-11-25 23-11-24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
2.328 CNY
Average target price
4.485 CNY
Spread / Average Target
+92.64%
Consensus

Quarterly revenue - Rate of surprise

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