ANHUI KOUZI DISTILLERY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 43.76 CNY | +4.64% |
|
+6.78% | -3.40% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 32,946 | 41,235 | 42,300 | 34,421 | 27,038 | 26,182 | - | - |
| Enterprise Value (EV) 1 | 32,946 | 39,731 | 40,422 | 34,421 | 25,526 | 23,124 | 21,752 | 26,182 |
| P/E ratio | 19.1 x | 32.3 x | 24.6 x | 22.4 x | 15.8 x | 13.3 x | 11 x | 10.5 x |
| Yield | 2.73% | 1.74% | 2.12% | 2.6% | 3.31% | 4.02% | 4.35% | 5.47% |
| Capitalization / Revenue | 7.05 x | 10.3 x | 8.41 x | 6.7 x | 4.54 x | 3.85 x | 3.32 x | 3.08 x |
| EV / Revenue | 7.05 x | 9.91 x | 8.04 x | 6.7 x | 4.28 x | 3.4 x | 2.76 x | 3.08 x |
| EV / EBITDA | 13.7 x | 21.6 x | 15.9 x | 15.4 x | 9.83 x | 7.92 x | 6.35 x | 6.88 x |
| EV / FCF | - | 348 x | 159 x | 79.9 x | 40.2 x | 10.4 x | 10.7 x | 12.8 x |
| FCF Yield | - | 0.29% | 0.63% | 1.25% | 2.49% | 9.57% | 9.31% | 7.79% |
| Price to Book | 4.7 x | 5.71 x | 5.15 x | 3.89 x | 2.79 x | 2.44 x | 2.07 x | 1.99 x |
| Nbr of stocks (in thousands) | 600,000 | 598,478 | 596,866 | 596,866 | 596,866 | 599,397 | - | - |
| Reference price 2 | 54.91 | 68.90 | 70.87 | 57.67 | 45.30 | 43.76 | 43.76 | 43.76 |
| Announcement Date | 4/27/20 | 4/28/21 | 3/14/22 | 4/27/23 | 4/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,672 | 4,011 | 5,029 | 5,135 | 5,962 | 6,794 | 7,892 | 8,514 |
| EBITDA 1 | 2,413 | 1,841 | 2,536 | 2,242 | 2,596 | 2,918 | 3,425 | 3,806 |
| EBIT 1 | 2,278 | 1,687 | 2,361 | 2,101 | 2,326 | 2,652 | 3,221 | 3,367 |
| Operating Margin | 48.76% | 42.06% | 46.95% | 40.91% | 39.01% | 39.04% | 40.82% | 39.54% |
| Earnings before Tax (EBT) 1 | 2,272 | 1,670 | 2,365 | 2,102 | 2,328 | 2,655 | 3,232 | 3,380 |
| Net income 1 | 1,720 | 1,276 | 1,727 | 1,550 | 1,721 | 1,970 | 2,387 | 2,508 |
| Net margin | 36.82% | 31.8% | 34.34% | 30.19% | 28.87% | 29% | 30.25% | 29.45% |
| EPS 2 | 2.870 | 2.130 | 2.880 | 2.580 | 2.870 | 3.283 | 3.979 | 4.177 |
| Free Cash Flow 1 | - | 114.3 | 254.7 | 430.9 | 635.6 | 2,214 | 2,024 | 2,040 |
| FCF margin | - | 2.85% | 5.06% | 8.39% | 10.66% | 32.59% | 25.65% | 23.96% |
| FCF Conversion (EBITDA) | - | 6.21% | 10.04% | 19.22% | 24.48% | 75.87% | 59.11% | 53.59% |
| FCF Conversion (Net income) | - | 8.96% | 14.75% | 27.8% | 36.93% | 112.39% | 84.8% | 81.35% |
| Dividend per Share 2 | 1.500 | 1.200 | 1.500 | 1.500 | 1.500 | 1.760 | 1.903 | 2.395 |
| Announcement Date | 4/27/20 | 4/28/21 | 3/14/22 | 4/27/23 | 4/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q2 | 2022 S1 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|
| Net sales | 2,243 | 1,400 | 2,786 | - | - | - | 3,049 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | - | 830 | 1,435 | 337.4 | - | - | - |
| Operating Margin | - | 59.29% | 51.53% | - | - | - | - |
| Earnings before Tax (EBT) | - | 831.9 | 1,438 | - | - | - | 1,200 |
| Net income | 687.4 | 576.8 | 1,040 | - | 739.5 | 847.8 | - |
| Net margin | 30.65% | 41.2% | 37.32% | - | - | - | - |
| EPS | - | - | 1.730 | - | 1.230 | 1.410 | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 8/26/21 | 3/14/22 | 3/14/22 | 8/25/22 | 8/25/22 | 8/28/23 | 4/29/24 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 1,504 | 1,877 | - | 1,512 | 3,058 | 4,430 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 114 | 255 | 431 | 636 | 2,214 | 2,025 | 2,040 |
| ROE (net income / shareholders' equity) | 26.1% | 18.1% | 20.9% | 18.2% | 18.6% | 18.3% | 19% | 19% |
| ROA (Net income/ Total Assets) | 18.8% | 13.2% | 14.2% | 13.7% | - | 14.9% | 15.1% | 15.3% |
| Assets 1 | 9,172 | 9,654 | 12,126 | 11,283 | - | 13,216 | 15,797 | 16,358 |
| Book Value Per Share 2 | 11.70 | 12.10 | 13.80 | 14.80 | 16.20 | 17.90 | 21.20 | 22.00 |
| Cash Flow per Share 2 | 2.160 | 0.8300 | 1.310 | 1.380 | 1.520 | 3.160 | 3.590 | 4.350 |
| Capex 1 | 137 | 384 | 531 | 398 | 275 | 398 | 423 | 444 |
| Capex / Sales | 2.94% | 9.58% | 10.56% | 7.75% | 4.61% | 5.86% | 5.36% | 5.22% |
| Announcement Date | 4/27/20 | 4/28/21 | 3/14/22 | 4/27/23 | 4/29/24 | - | - | - |
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
D
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
43.76
CNY
Average target price
59.78
CNY
Spread / Average Target
+36.62%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -3.40% | 3.64B | |
| +1.98% | 307B | |
| +10.48% | 83.49B | |
| +16.59% | 45.53B | |
| +7.88% | 39.53B | |
| -10.43% | 20.58B | |
| +19.90% | 17.74B | |
| -3.08% | 12.22B | |
| +10.19% | 10.48B | |
| +16.88% | 9.86B |
- Stock Market
- Equities
- 603589 Stock
- Financials Anhui Kouzi Distillery Co., Ltd.