LANCY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 16.43 CNY | +1.11% |
|
+2.88% | -14.56% |
| 04-23 | Lancy Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Lancy Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,229 | 10,897 | 14,030 | 12,282 | 8,508 | 7,269 | - | - |
| Enterprise Value (EV) 1 | 4,229 | 10,897 | 14,030 | 12,282 | 8,508 | 7,269 | 7,269 | 7,269 |
| P/E ratio | 68.1 x | 76.4 x | 74.8 x | 765 x | 37.8 x | 23.4 x | 19.3 x | 15.6 x |
| Yield | 1.23% | 1.22% | 0.22% | - | 2.34% | 1.96% | 2.4% | 4.2% |
| Capitalization / Revenue | 1.41 x | 3.79 x | 3.83 x | 3.17 x | 1.65 x | 1.24 x | 1.11 x | 0.99 x |
| EV / Revenue | 1.41 x | 3.79 x | 3.83 x | 3.17 x | 1.65 x | 1.24 x | 1.11 x | 0.99 x |
| EV / EBITDA | - | - | - | 48.1 x | 19.7 x | 12.5 x | 10.8 x | 11.1 x |
| EV / FCF | - | - | - | 207 x | 12.3 x | 13.4 x | 16.2 x | 11.3 x |
| FCF Yield | - | - | - | 0.48% | 8.16% | 7.44% | 6.19% | 8.83% |
| Price to Book | 1.42 x | 3.68 x | 4.75 x | 4.27 x | 2.82 x | 2.26 x | 2.09 x | 2.14 x |
| Nbr of stocks (in thousands) | 435,071 | 442,445 | 442,445 | 442,445 | 442,445 | 442,445 | - | - |
| Reference price 2 | 9.720 | 24.63 | 31.71 | 27.76 | 19.23 | 16.43 | 16.43 | 16.43 |
| Announcement Date | 20-02-27 | 21-02-26 | 22-04-22 | 23-03-31 | 24-04-22 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,007 | 2,876 | 3,665 | 3,878 | 5,145 | 5,872 | 6,546 | 7,372 |
| EBITDA 1 | - | - | - | 255.2 | 431.6 | 580.3 | 672.3 | 653 |
| EBIT 1 | 156.1 | 156.4 | 199 | 50.45 | 300.4 | 419 | 502.4 | 622.5 |
| Operating Margin | 5.19% | 5.44% | 5.43% | 1.3% | 5.84% | 7.14% | 7.68% | 8.44% |
| Earnings before Tax (EBT) 1 | 141.4 | 137.7 | 190.1 | 42.6 | 291.3 | 408.7 | 492.4 | 610 |
| Net income 1 | 58.78 | 142 | 187.4 | 16.08 | 225.1 | 311.7 | 376.9 | 464.5 |
| Net margin | 1.95% | 4.94% | 5.11% | 0.41% | 4.37% | 5.31% | 5.76% | 6.3% |
| EPS 2 | 0.1428 | 0.3224 | 0.4237 | 0.0363 | 0.5087 | 0.7025 | 0.8520 | 1.050 |
| Free Cash Flow 1 | - | - | - | 59.31 | 694.2 | 541 | 450 | 642 |
| FCF margin | - | - | - | 1.53% | 13.49% | 9.21% | 6.87% | 8.71% |
| FCF Conversion (EBITDA) | - | - | - | 23.24% | 160.85% | 93.22% | 66.93% | 98.32% |
| FCF Conversion (Net income) | - | - | - | 368.95% | 308.43% | 173.58% | 119.4% | 138.21% |
| Dividend per Share 2 | 0.1200 | 0.3000 | 0.0700 | - | 0.4500 | 0.3225 | 0.3950 | 0.6900 |
| Announcement Date | 20-02-27 | 21-02-26 | 22-04-22 | 23-03-31 | 24-04-22 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|
| Net sales 1 | - | 1,174 | 2,313 | 2,833 |
| EBITDA | - | - | - | - |
| EBIT | - | - | - | - |
| Operating Margin | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - |
| Net income 1 | 62.05 | 72.11 | 134.2 | 90.92 |
| Net margin | - | 6.14% | 5.8% | 3.21% |
| EPS | 0.1402 | - | - | - |
| Dividend per Share | - | - | - | - |
| Announcement Date | 23-04-28 | 23-08-29 | 23-08-29 | 24-04-22 |
1CNY in Million
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 1 | - | - | - | 59.3 | 694 | 541 | 450 | 642 |
| ROE (net income / shareholders' equity) | 2.07% | 4.78% | 6.31% | 0.56% | 7.34% | 9.97% | 11.1% | 13.7% |
| ROA (Net income/ Total Assets) | 0.93% | 2.72% | 3.12% | 0.23% | - | 4% | 4.5% | 5.8% |
| Assets 1 | 6,293 | 5,226 | 6,002 | 7,145 | - | 7,792 | 8,380 | 8,009 |
| Book Value Per Share 2 | 6.840 | 6.690 | 6.680 | 6.510 | 6.810 | 7.260 | 7.850 | 7.670 |
| Cash Flow per Share 2 | 0.1400 | 0.8600 | 1.060 | 0.5300 | 1.820 | 0.8800 | 1.250 | 1.510 |
| Capex 1 | 68.4 | 96.1 | 163 | 176 | 110 | 101 | 94 | 112 |
| Capex / Sales | 2.27% | 3.34% | 4.45% | 4.55% | 2.14% | 1.72% | 1.44% | 1.51% |
| Announcement Date | 20-02-27 | 21-02-26 | 22-04-22 | 23-03-31 | 24-04-22 | - | - | - |
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
5
Last Close Price
16.43
CNY
Average target price
24
CNY
Spread / Average Target
+46.07%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -14.56% | 1B | |
| +0.90% | 478M | |
| -20.20% | 378M | |
| +23.56% | 352M | |
| -27.17% | 322M | |
| -9.41% | 311M | |
| -35.30% | 290M | |
| -11.53% | 256M | |
| -16.88% | 84.14M | |
| -4.18% | 60.56M |
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