BEST FOOD HOLDING COMPANY LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.94 HKD | -1.05% |
|
+2.17% | -8.74% |
| Apr. 23 | BF and subsidiary sign agreements with Agriconsulting Europe and SIMEST | AN |
| Apr. 10 | MicroSalt hails first placement with Montreal-based hospitality group | AN |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,513 | 1,481 | 996.5 | 1,351 | 976 | 1,478 |
| Enterprise Value (EV) 1 | 1,941 | 2,156 | 1,663 | 2,033 | 1,657 | 2,166 |
| P/E ratio | -136 x | -12 x | -7.07 x | -2.11 x | -6.24 x | -9.74 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.77 x | 1.48 x | 1.53 x | 1.77 x | 1.79 x | 2.36 x |
| EV / Revenue | 2.27 x | 2.16 x | 2.56 x | 2.66 x | 3.05 x | 3.45 x |
| EV / EBITDA | 49.8 x | 32.5 x | -30.9 x | -68 x | -27.8 x | 427 x |
| EV / FCF | 10.6 x | 193 x | 25.4 x | 65.9 x | 34.9 x | 148 x |
| FCF Yield | 9.42% | 0.52% | 3.93% | 1.52% | 2.87% | 0.68% |
| Price to Book | 1.68 x | 1.65 x | 1.08 x | 4.71 x | 6.39 x | -93,618 x |
| Nbr of stocks (in thousands) | 1,460,593 | 1,578,664 | 1,578,664 | 1,578,664 | 1,578,664 | 1,578,664 |
| Reference price 2 | 1.036 | 0.9384 | 0.6312 | 0.8556 | 0.6182 | 0.9362 |
| Announcement Date | 4/30/19 | 4/21/20 | 4/29/21 | 4/27/22 | 4/26/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 854.1 | 998.2 | 650.7 | 764.1 | 543.8 | 627.5 |
| EBITDA 1 | 38.96 | 66.26 | -53.83 | -29.89 | -59.52 | 5.073 |
| EBIT 1 | 11 | 6.252 | -96.56 | -69.72 | -85.66 | -16.15 |
| Operating Margin | 1.29% | 0.63% | -14.84% | -9.12% | -15.75% | -2.57% |
| Earnings before Tax (EBT) 1 | -3.235 | -79.26 | -160.7 | -665.7 | -182.2 | -158.2 |
| Net income 1 | -11.14 | -121.6 | -140.9 | -639.6 | -156.2 | -151.7 |
| Net margin | -1.3% | -12.18% | -21.66% | -83.72% | -28.73% | -24.17% |
| EPS 2 | -0.007629 | -0.0782 | -0.0893 | -0.4052 | -0.0990 | -0.0961 |
| Free Cash Flow 1 | 182.9 | 11.18 | 65.36 | 30.84 | 47.51 | 14.63 |
| FCF margin | 21.42% | 1.12% | 10.04% | 4.04% | 8.74% | 2.33% |
| FCF Conversion (EBITDA) | 469.48% | 16.88% | - | - | - | 288.36% |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/30/19 | 4/21/20 | 4/29/21 | 4/27/22 | 4/26/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 428 | 675 | 666 | 683 | 681 | 688 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 10.98 x | 10.19 x | -12.37 x | -22.84 x | -11.44 x | 135.7 x |
| Free Cash Flow 1 | 183 | 11.2 | 65.4 | 30.8 | 47.5 | 14.6 |
| ROE (net income / shareholders' equity) | -0.93% | -8.77% | -15.2% | -96.1% | -58.9% | -126% |
| ROA (Net income/ Total Assets) | 0.37% | 0.17% | -2.72% | -2.37% | -3.74% | -0.82% |
| Assets 1 | -3,052 | -73,450 | 5,182 | 26,996 | 4,179 | 18,423 |
| Book Value Per Share 2 | 0.6200 | 0.5700 | 0.5900 | 0.1800 | 0.1000 | -0 |
| Cash Flow per Share 2 | 0.2100 | 0.0800 | 0.0800 | 0.0400 | 0.0200 | 0.0200 |
| Capex 1 | 34.5 | 59.8 | 32.7 | 33 | 16.3 | 11.8 |
| Capex / Sales | 4.04% | 5.99% | 5.03% | 4.31% | 2.99% | 1.88% |
| Announcement Date | 4/30/19 | 4/21/20 | 4/29/21 | 4/27/22 | 4/26/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -8.74% | 192M | |
| -18.91% | 85.27B | |
| +5.13% | 48.54B | |
| -6.27% | 18.07B | |
| +37.14% | 14.57B | |
| -13.87% | 13.25B | |
| +79.80% | 8.82B | |
| -11.06% | 6.34B | |
| -10.10% | 4.36B | |
| -16.70% | 3.72B |
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