Financials Lao Feng Xiang Co., Ltd.

Equities

600612

CNE000000537

Apparel & Accessories

End-of-day quote Shanghai S.E. 18:00:00 2024-04-28 EDT 5-day change 1st Jan Change
77.46 CNY +0.74% Intraday chart for Lao Feng Xiang Co., Ltd. -3.66% +12.26%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 19,790 18,272 19,001 17,728 26,922 30,544 -
Enterprise Value (EV) 1 23,571 20,801 21,144 20,556 24,471 28,686 27,843
P/E ratio 17.7 x 15 x 12.8 x 13.2 x 16.3 x 16 x 14.2 x
Yield 2.42% 2.76% 3.16% 3.41% 2.83% 2.6% 2.71%
Capitalization / Revenue 0.4 x 0.35 x 0.32 x 0.28 x 0.38 x 0.38 x 0.34 x
EV / Revenue 0.47 x 0.4 x 0.36 x 0.33 x 0.34 x 0.36 x 0.31 x
EV / EBITDA 9.28 x 7.26 x 6.41 x 6.65 x 6.04 x 5.92 x 5.31 x
EV / FCF -18,405,916 x 8,085,277 x 10,212,827 x 23,081,865 x 3,464,714 x - -
FCF Yield -0% 0% 0% 0% 0% - -
Price to Book 3.55 x 2.98 x 2.61 x 2.21 x 3.12 x 3.1 x 2.73 x
Nbr of stocks (in thousands) 523,118 523,118 523,118 523,118 523,118 523,118 -
Reference price 2 47.61 45.33 45.85 42.80 69.00 77.46 77.46
Announcement Date 20-03-16 21-03-03 22-03-02 23-03-02 24-03-04 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 49,629 51,722 58,691 63,010 71,436 80,359 91,067
EBITDA 1 2,539 2,865 3,300 3,092 4,052 4,842 5,248
EBIT 1 2,462 2,797 3,232 3,017 3,968 4,521 5,078
Operating Margin 4.96% 5.41% 5.51% 4.79% 5.55% 5.63% 5.58%
Earnings before Tax (EBT) 1 2,493 2,794 3,242 3,028 3,979 4,494 5,060
Net income 1 1,408 1,586 1,876 1,700 2,214 2,539 2,858
Net margin 2.84% 3.07% 3.2% 2.7% 3.1% 3.16% 3.14%
EPS 2 2.692 3.032 3.587 3.250 4.233 4.853 5.462
Free Cash Flow -1,281 2,573 2,070 890.6 7,063 - -
FCF margin -2.58% 4.97% 3.53% 1.41% 9.89% - -
FCF Conversion (EBITDA) - 89.78% 62.74% 28.8% 174.32% - -
FCF Conversion (Net income) - 162.21% 110.34% 52.38% 318.96% - -
Dividend per Share 2 1.150 1.250 1.450 1.460 1.950 2.017 2.097
Announcement Date 20-03-16 21-03-03 22-03-02 23-03-02 24-03-04 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2022 Q1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 28,105 - - - - - 40,344 - 9,370 26,000 18,700 26,800 13,800
EBITDA - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 739.1 - - - - - 1,273 - - - - - -
Net margin 2.63% - - - - - 3.16% - - - - - -
EPS 2 - 0.7772 0.8901 0.6600 1.369 1.060 - 1.330 0.4700 1.480 1.150 1.420 0.5100
Dividend per Share - - - - - - - - - - - - -
Announcement Date 19-08-27 22-04-28 22-10-27 23-03-02 23-04-27 23-08-27 23-08-27 23-10-26 24-03-04 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 3,782 2,529 2,144 2,828 - - -
Net Cash position 1 - - - - 2,450 1,858 2,701
Leverage (Debt/EBITDA) 1.49 x 0.8825 x 0.6496 x 0.9146 x - - -
Free Cash Flow -1,281 2,573 2,070 891 7,063 - -
ROE (net income / shareholders' equity) 21.2% 21% 21.7% 17.4% 20.5% 20.2% 20.3%
ROA (Net income/ Total Assets) 8.62% 8.63% 8.97% 7.04% - 8.13% 8.39%
Assets 1 16,336 18,372 20,919 24,140 - 31,213 34,044
Book Value Per Share 2 13.40 15.20 17.60 19.40 22.10 25.00 28.40
Cash Flow per Share 2 -2.400 4.490 3.800 1.840 13.80 -8.440 5.740
Capex 1 26.7 36.5 55.2 73.5 149 66.9 48.1
Capex / Sales 0.05% 0.07% 0.09% 0.12% 0.21% 0.08% 0.05%
Announcement Date 20-03-16 21-03-03 22-03-02 23-03-02 24-03-04 - -
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
12
Last Close Price
77.46 CNY
Average target price
74.75 CNY
Spread / Average Target
-3.50%
Consensus
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