Financials GoldenHome Living Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 18:00:00 2024-04-29 EDT			5-day change	1st Jan Change
21.83 ^CNY	-0.27%		+5.10%	-12.99%

04-25	GoldenHome Living Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-02	Tranche Update on GoldenHome Living Co., Ltd.'s Equity Buyback Plan announced on January 25, 2024.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,413	4,773	5,859	4,359	3,870	3,367	-	-
Enterprise Value (EV) ¹	4,413	4,773	5,859	4,359	3,870	3,367	3,367	3,367
P/E ratio	18.2 x	16.2 x	16.8 x	15.9 x	14.3 x	10 x	8.4 x	7.72 x
Yield	-	-	2.75%	-	2.39%	3.11%	3.66%	3.99%
Capitalization / Revenue	2.08 x	1.81 x	1.7 x	1.23 x	1.06 x	0.81 x	0.71 x	0.64 x
EV / Revenue	2.08 x	1.81 x	1.7 x	1.23 x	1.06 x	0.81 x	0.71 x	0.64 x
EV / EBITDA	13 x	11.9 x	12.8 x	10.5 x	8.83 x	6.64 x	5.82 x	5.23 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	3.91 x	2.82 x	2.47 x	1.7 x	1.42 x	1.11 x	1.01 x	0.91 x
Nbr of stocks (in thousands)	129,536	133,772	152,176	152,050	154,257	154,257	-	-
Reference price ²	34.07	35.68	38.50	28.67	25.09	21.83	21.83	21.83
Announcement Date	20-02-04	21-02-02	22-02-09	23-03-17	24-04-25	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,125	2,640	3,448	3,553	3,645	4,135	4,747	5,225
EBITDA ¹	338.7	402.3	458.2	414.5	438.5	507.2	578.3	644.1
EBIT ¹	273.6	327.3	361.1	289.5	295.3	346.3	419.3	449.8
Operating Margin	12.87%	12.4%	10.47%	8.15%	8.1%	8.38%	8.83%	8.61%
Earnings before Tax (EBT) ¹	275.1	330.8	367.9	293.5	301.3	352.8	425.1	456.2
Net income ¹	242.5	292.7	338	277	292	337.1	400.4	435.9
Net margin	11.41%	11.09%	9.8%	7.8%	8.01%	8.15%	8.44%	8.34%
EPS ²	1.867	2.200	2.290	1.800	1.760	2.183	2.598	2.827
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	1.060	-	0.6000	0.6800	0.8000	0.8700
Announcement Date	20-02-04	21-02-02	22-02-09	23-03-17	24-04-25	-	-	-

¹CNY in Million²CNY

Estimates

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)	22.9%	21.3%	16.7%	11.2%	10.9%	11.1%	12.2%	11.8%
ROA (Net income/ Total Assets)	-	-	8.45%	-	5.4%	5.22%	5.48%	5.74%
Assets ¹	-	-	4,001	-	5,408	6,458	7,307	7,594
Book Value Per Share ²	8.720	12.60	15.60	16.80	17.70	19.70	21.60	23.90
Cash Flow per Share ²	3.050	4.660	2.610	1.600	4.180	3.400	3.870	4.330
Capex ¹	261	488	416	627	564	273	266	268
Capex / Sales	12.28%	18.49%	12.05%	17.64%	15.47%	6.59%	5.6%	5.13%
Announcement Date	20-02-04	21-02-02	22-02-09	23-03-17	24-04-25	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

21.83 CNY

Average target price

28.47 CNY

Spread / Average Target

+30.42%

	1st Jan change	Capi.
GOLDENHOME LIVING CO., LTD.	-12.99%	465M
TEMPUR SEALY INTERNATIONAL, INC.	-1.18%	8.75B
JASON FURNITURE (HANGZHOU) CO.,LTD.	-4.60%	3.75B
SUOFEIYA HOME COLLECTION CO., LTD.	+7.40%	2.25B
DE RUCCI HEALTHY SLEEP CO., LTD.	+13.28%	1.91B
LA-Z-BOY INCORPORATED	-10.05%	1.42B
MOTOMOTION CHINA CORPORATION	+36.74%	1.2B
SHEELA FOAM LIMITED	-26.92%	1.18B
XILINMEN FURNITURE CO.,LTD	+10.11%	981M
HENGLIN HOME FURNISHINGS CO.,LTD	-1.44%	830M