CULTURAL INVESTMENT HOLDINGS CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.81 CNY | -4.23% |
|
-15.02% | -31.70% |
| Apr. 25 | Cultural Investment Holdings Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Cultural Investment Faces Default Risk on 200 Million Yuan Loan | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 8,347 | 6,585 | 4,377 | 6,177 | 4,489 | 4,915 |
| Enterprise Value (EV) 1 | 9,269 | 6,417 | 6,154 | 9,198 | 7,437 | 5,547 |
| P/E ratio | -12.2 x | 507 x | -1.26 x | -8.54 x | -3.51 x | -2.98 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 4 x | 2.96 x | 8.29 x | 7.96 x | 5.61 x | 8.07 x |
| EV / Revenue | 4.44 x | 2.88 x | 11.7 x | 11.9 x | 9.3 x | 9.1 x |
| EV / EBITDA | -18.3 x | 19.2 x | -7.19 x | -38 x | -13.9 x | -66.2 x |
| EV / FCF | -13.3 x | 19 x | 27.4 x | -9.93 x | 8.03 x | 2.4 x |
| FCF Yield | -7.55% | 5.26% | 3.65% | -10.1% | 12.5% | 41.6% |
| Price to Book | 1.31 x | 1.03 x | 1.54 x | 2.89 x | 5.38 x | -3.89 x |
| Nbr of stocks (in thousands) | 1,854,854 | 1,854,854 | 1,854,854 | 1,854,854 | 1,854,854 | 1,854,854 |
| Reference price 2 | 4.500 | 3.550 | 2.360 | 3.330 | 2.420 | 2.650 |
| Announcement Date | 4/27/19 | 4/28/20 | 4/26/21 | 4/27/22 | 4/28/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,086 | 2,224 | 528 | 776.1 | 799.7 | 609.3 |
| EBITDA 1 | -505.2 | 333.6 | -855.5 | -241.9 | -536.6 | -83.86 |
| EBIT 1 | -574.6 | 252.2 | -933 | -305 | -596.3 | -129.4 |
| Operating Margin | -27.55% | 11.34% | -176.71% | -39.3% | -74.56% | -21.24% |
| Earnings before Tax (EBT) 1 | -663.6 | 79.07 | -3,515 | -700.9 | -1,299 | -1,713 |
| Net income 1 | -686.6 | 12.97 | -3,463 | -718 | -1,273 | -1,647 |
| Net margin | -32.92% | 0.58% | -655.82% | -92.52% | -159.12% | -270.37% |
| EPS 2 | -0.3700 | 0.007000 | -1.870 | -0.3900 | -0.6900 | -0.8900 |
| Free Cash Flow 1 | -699.5 | 337.4 | 224.4 | -926.5 | 926 | 2,309 |
| FCF margin | -33.53% | 15.17% | 42.49% | -119.38% | 115.78% | 378.95% |
| FCF Conversion (EBITDA) | - | 101.15% | - | - | - | - |
| FCF Conversion (Net income) | - | 2,602.46% | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/27/19 | 4/28/20 | 4/26/21 | 4/27/22 | 4/28/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 922 | - | 1,777 | 3,021 | 2,948 | 632 |
| Net Cash position 1 | - | 168 | - | - | - | - |
| Leverage (Debt/EBITDA) | -1.825 x | - | -2.077 x | -12.49 x | -5.495 x | -7.534 x |
| Free Cash Flow 1 | -699 | 337 | 224 | -927 | 926 | 2,309 |
| ROE (net income / shareholders' equity) | -10.2% | -0.06% | -76.1% | -28.6% | -89.2% | 956% |
| ROA (Net income/ Total Assets) | -3.57% | 1.52% | -6.38% | -2.64% | -6.09% | -2.01% |
| Assets 1 | 19,250 | 851.7 | 54,291 | 27,239 | 20,899 | 81,761 |
| Book Value Per Share 2 | 3.430 | 3.450 | 1.540 | 1.150 | 0.4500 | -0.6800 |
| Cash Flow per Share 2 | 0.5700 | 0.4800 | 0.2300 | 0.0500 | 0.0800 | 0.0600 |
| Capex 1 | 142 | 544 | 534 | 4.37 | 1.1 | 0.71 |
| Capex / Sales | 6.78% | 24.47% | 101.13% | 0.56% | 0.14% | 0.12% |
| Announcement Date | 4/27/19 | 4/28/20 | 4/26/21 | 4/27/22 | 4/28/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -31.70% | 463M | |
| +17.97% | 4.62B | |
| +25.27% | 2.16B | |
| -.--% | 1.88B | |
| -15.44% | 1.65B | |
| -10.07% | 1.4B | |
| -3.92% | 1.24B | |
| -10.51% | 1.14B | |
| -20.74% | 1.1B | |
| -44.28% | 942M |
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- Financials Cultural Investment Holdings Co.,Ltd
