CHINA HONGQIAO GROUP LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.9 HKD | -0.17% |
|
+1.88% | +86.23% |
| May. 14 | China Hongqiao Group Limited Approves Final Dividend for the Year Ended 31 December 2023 | CI |
| May. 10 | China's push for greener aluminium hit by erratic rains, power cuts | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 36,000 | 53,055 | 61,167 | 61,677 | 55,033 | 104,507 | - | - |
| Enterprise Value (EV) 1 | 72,829 | 82,517 | 70,443 | 82,568 | 93,787 | 121,020 | 110,559 | 97,866 |
| P/E ratio | 6.02 x | 4.89 x | 3.92 x | 6.96 x | 4.86 x | 7.01 x | 6.45 x | 5.74 x |
| Yield | 7.41% | 9.1% | 12.7% | 6.85% | 9.98% | 7.28% | 7.66% | 8.65% |
| Capitalization / Revenue | 0.43 x | 0.62 x | 0.53 x | 0.47 x | 0.41 x | 0.75 x | 0.73 x | 0.72 x |
| EV / Revenue | 0.87 x | 0.96 x | 0.62 x | 0.63 x | 0.7 x | 0.86 x | 0.77 x | 0.67 x |
| EV / EBITDA | 3.72 x | 3.47 x | 2.29 x | 3.74 x | - | 4.23 x | 3.67 x | 3.08 x |
| EV / FCF | - | 6.6 x | 3.11 x | - | - | 6.41 x | 5.68 x | 4.63 x |
| FCF Yield | - | 15.2% | 32.2% | - | - | 15.6% | 17.6% | 21.6% |
| Price to Book | 0.57 x | 0.75 x | 0.75 x | 0.73 x | 0.6 x | 1.01 x | 0.91 x | 0.82 x |
| Nbr of stocks (in thousands) | 8,570,852 | 8,878,352 | 9,121,352 | 9,475,538 | 9,475,538 | 9,475,538 | - | - |
| Reference price 2 | 4.200 | 5.976 | 6.706 | 6.509 | 5.808 | 11.03 | 11.03 | 11.03 |
| Announcement Date | 3/20/20 | 3/5/21 | 3/18/22 | 3/24/23 | 3/22/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 84,179 | 86,145 | 114,491 | 131,699 | 133,624 | 140,192 | 142,659 | 145,391 |
| EBITDA 1 | 19,592 | 23,769 | 30,743 | 22,080 | - | 28,626 | 30,145 | 31,824 |
| EBIT 1 | 12,370 | 14,903 | 24,219 | 15,308 | 10,182 | 22,420 | 23,399 | 25,847 |
| Operating Margin | 14.69% | 17.3% | 21.15% | 11.62% | 7.62% | 15.99% | 16.4% | 17.78% |
| Earnings before Tax (EBT) 1 | 8,771 | 12,704 | 22,554 | 12,607 | 15,890 | 19,970 | 21,879 | 23,523 |
| Net income 1 | 6,095 | 10,496 | 16,073 | 8,702 | 11,461 | 14,058 | 15,246 | 16,685 |
| Net margin | 7.24% | 12.18% | 14.04% | 6.61% | 8.58% | 10.03% | 10.69% | 11.48% |
| EPS 2 | 0.6979 | 1.221 | 1.712 | 0.9358 | 1.195 | 1.573 | 1.710 | 1.923 |
| Free Cash Flow 1 | - | 12,511 | 22,650 | - | - | 18,884 | 19,474 | 21,125 |
| FCF margin | - | 14.52% | 19.78% | - | - | 13.47% | 13.65% | 14.53% |
| FCF Conversion (EBITDA) | - | 52.64% | 73.68% | - | - | 65.97% | 64.6% | 66.38% |
| FCF Conversion (Net income) | - | 119.2% | 140.92% | - | - | 134.32% | 127.73% | 126.61% |
| Dividend per Share 2 | 0.3110 | 0.5438 | 0.8538 | 0.4462 | 0.5799 | 0.8024 | 0.8449 | 0.9538 |
| Announcement Date | 3/20/20 | 3/5/21 | 3/18/22 | 3/24/23 | 3/22/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 42,749 | 39,939 | 46,206 | 52,481 | 62,010 | 68,739 | 62,961 | 65,734 | 67,890 | 67,318 | 68,156 | 68,734 | 70,907 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 14,326 | 11,295 | 13,002 | 2,305 | 4,350 | 7,402 | 8,644 | 6,711 | 8,565 | 7,849 |
| Operating Margin | - | - | - | 27.3% | 18.22% | 18.92% | 3.66% | 6.62% | 10.9% | 12.84% | 9.85% | 12.46% | 11.07% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | 7.846 | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | 0.01% | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | 0.8500 | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | 0.3659 | - | - | - | - | - | - | - | - |
| Announcement Date | 3/20/20 | 8/21/20 | 3/5/21 | 8/20/21 | 3/18/22 | 8/26/22 | 3/24/23 | 8/18/23 | 3/22/24 | - | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 36,830 | 29,462 | 9,276 | 20,891 | 38,754 | 16,513 | 6,051 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 6,642 |
| Leverage (Debt/EBITDA) | 1.88 x | 1.24 x | 0.3017 x | 0.9462 x | - | 0.5768 x | 0.2007 x | - |
| Free Cash Flow 1 | - | 12,511 | 22,650 | - | - | 18,884 | 19,474 | 21,125 |
| ROE (net income / shareholders' equity) | 9.9% | 15.6% | 21.1% | 10.5% | 13% | 15.1% | 14.6% | 14.1% |
| ROA (Net income/ Total Assets) | 3.42% | 5.81% | 8.69% | 4.65% | 5.94% | 6.05% | 6.51% | 6.19% |
| Assets 1 | 178,166 | 180,569 | 184,985 | 187,081 | 193,031 | 232,490 | 234,037 | 269,644 |
| Book Value Per Share 2 | 7.370 | 8.020 | 8.910 | 8.920 | 9.740 | 10.90 | 12.10 | 13.40 |
| Cash Flow per Share 2 | 2.370 | 2.040 | 3.450 | 0.8200 | - | 2.840 | 2.570 | 3.060 |
| Capex 1 | 3,228 | 5,268 | 5,999 | 8,848 | - | 9,061 | 8,368 | 8,491 |
| Capex / Sales | 3.84% | 6.11% | 5.24% | 6.72% | - | 6.46% | 5.87% | 5.84% |
| Announcement Date | 3/20/20 | 3/5/21 | 3/18/22 | 3/24/23 | 3/22/24 | - | - | - |
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
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
11.03
CNY
Average target price
10.74
CNY
Spread / Average Target
-2.59%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +86.23% | 14.48B | |
| +11.43% | 9.43B | |
| +19.56% | 7.02B | |
| +26.53% | 6.03B | |
| -6.30% | 4.97B | |
| +4.80% | 4.51B | |
| +0.29% | 2.15B | |
| +41.85% | 1.6B | |
| +38.53% | 1.57B | |
| +19.22% | 1.37B |
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- Financials China Hongqiao Group Limited
