Financials Shenzhen Fuanna Bedding and Furnishing Co.,Ltd

Equities

002327

CNE100000JP4

Textiles & Leather Goods

End-of-day quote Shenzhen S.E. 18:00:00 2024-04-29 EDT 5-day change 1st Jan Change
10.96 CNY +2.33% Intraday chart for Shenzhen Fuanna Bedding and Furnishing Co.,Ltd -1.26% +22.46%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 5,894 6,531 7,073 5,851 7,403 9,171 -
Enterprise Value (EV) 1 5,894 6,531 7,073 5,851 7,403 9,171 9,171
P/E ratio 11.6 x 12.4 x 12.7 x 10.9 x 13 x 14.2 x 12.9 x
Yield 7.2% 6.53% 7.03% 8.49% 7.26% 6.11% 6.48%
Capitalization / Revenue 2.11 x 2.27 x 2.22 x 1.9 x 2.44 x 2.69 x 2.48 x
EV / Revenue 2.11 x 2.27 x 2.22 x 1.9 x 2.44 x 2.69 x 2.48 x
EV / EBITDA 8.56 x - 9.5 x 7.98 x 9.31 x 9.73 x 9.72 x
EV / FCF - - - - 10.6 x 14.3 x 13.5 x
FCF Yield - - - - 9.43% 7% 7.43%
Price to Book 1.66 x 1.82 x 1.91 x 1.56 x 1.92 x 2.29 x 2.22 x
Nbr of stocks (in thousands) 849,297 852,581 828,196 827,592 827,203 836,775 -
Reference price 2 6.940 7.660 8.540 7.070 8.950 10.96 10.96
Announcement Date 20-04-28 21-04-26 22-04-22 23-04-21 24-04-25 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 2,789 2,874 3,179 3,080 3,030 3,411 3,703
EBITDA 1 688.7 - 744.7 733.2 795.1 943 943.3
EBIT 1 595.4 598.5 641.6 623.5 688.2 772.5 828.1
Operating Margin 21.35% 20.82% 20.18% 20.24% 22.72% 22.64% 22.36%
Earnings before Tax (EBT) 1 602.1 613.8 678.1 645.4 693.3 773.6 848.8
Net income 1 506.9 516.5 545.9 533.8 572.1 640.3 704.3
Net margin 18.17% 17.97% 17.17% 17.33% 18.88% 18.77% 19.02%
EPS 2 0.6000 0.6200 0.6700 0.6500 0.6900 0.7700 0.8475
Free Cash Flow 1 - - - - 698.3 642 681
FCF margin - - - - 23.05% 18.82% 18.39%
FCF Conversion (EBITDA) - - - - 87.83% 68.08% 72.19%
FCF Conversion (Net income) - - - - 122.05% 100.27% 96.7%
Dividend per Share 2 0.5000 0.5000 0.6000 0.6000 0.6500 0.6700 0.7100
Announcement Date 20-04-28 21-04-26 22-04-22 23-04-21 24-04-25 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2023 Q1 2023 S1 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 1,105 619.9 1,272 1,105 652.1 746 726 1,331
EBITDA - - - - - - - -
EBIT - - - - - - - -
Operating Margin - - - - - - - -
Earnings before Tax (EBT) - - - - - - - -
Net income 154.9 - 219.3 - - - - -
Net margin 14.02% - 17.24% - - - - -
EPS - 0.1300 - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 19-08-22 23-04-21 23-08-24 24-04-25 24-04-25 - - -
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 - - - - 698 642 681 -
ROE (net income / shareholders' equity) 14.2% 14.3% 15.7% 14.3% 15% 16.2% 17.1% 18.4%
ROA (Net income/ Total Assets) 10.9% - 11.9% - - 12.6% 13.2% -
Assets 1 4,637 - 4,596 - - 5,091 5,325 -
Book Value Per Share 2 4.190 4.200 4.460 4.540 4.670 4.780 4.940 -
Cash Flow per Share 2 1.020 0.7800 0.9300 0.8600 0.9300 0.8000 0.8100 -
Capex 1 183 145 79.2 - 67.8 43 81.2 -
Capex / Sales 6.58% 5.06% 2.49% - 2.24% 1.26% 2.19% -
Announcement Date 20-04-28 21-04-26 22-04-22 23-04-21 24-04-25 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
10.96 CNY
Average target price
10.96 CNY
Spread / Average Target
-.--%
Consensus

Quarterly revenue - Rate of surprise

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