GUANGDONG SOUTH NEW MEDIA CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 39.6 CNY | -0.40% |
|
+4.90% | +2.38% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 16,688 | 16,243 | 13,748 | 8,629 | 8,863 | 9,074 | - | - |
| Enterprise Value (EV) 1 | 16,688 | 14,120 | 11,111 | 5,334 | 5,468 | 5,545 | 5,403 | 5,287 |
| P/E ratio | 38.7 x | 28.2 x | 20.3 x | 12.5 x | 12.5 x | 14.4 x | 12.9 x | 12.7 x |
| Yield | 0.69% | 1.14% | 2% | 3.61% | 2.74% | 3.41% | 3.36% | 3.14% |
| Capitalization / Revenue | 16.8 x | 13.3 x | 9.76 x | 6.04 x | 5.82 x | 5.66 x | 5.35 x | 5.14 x |
| EV / Revenue | 16.8 x | 11.6 x | 7.89 x | 3.73 x | 3.59 x | 3.46 x | 3.19 x | 2.99 x |
| EV / EBITDA | 34.2 x | 20.3 x | 12.9 x | 6.56 x | 7.04 x | 7.62 x | 6.74 x | 7.21 x |
| EV / FCF | - | - | - | 6.1 x | - | 10.8 x | 9.84 x | 8.65 x |
| FCF Yield | - | - | - | 16.4% | - | 9.27% | 10.2% | 11.6% |
| Price to Book | 7.64 x | 6.14 x | 4.55 x | 2.51 x | 2.43 x | 2.31 x | 2.05 x | 1.95 x |
| Nbr of stocks (in thousands) | 231,058 | 231,058 | 229,131 | 229,131 | 229,131 | 229,131 | - | - |
| Reference price 2 | 72.22 | 70.30 | 60.00 | 37.66 | 38.68 | 39.60 | 39.60 | 39.60 |
| Announcement Date | 2/27/20 | 4/15/21 | 4/15/22 | 2/24/23 | 2/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 996 | 1,221 | 1,409 | 1,429 | 1,523 | 1,604 | 1,696 | 1,766 |
| EBITDA 1 | 487.6 | 694.7 | 860.8 | 813 | 777.1 | 727.4 | 802.2 | 733 |
| EBIT 1 | 398.3 | 576.9 | 680.5 | 693.6 | 698.7 | 755.4 | 800.3 | 830.2 |
| Operating Margin | 39.99% | 47.26% | 48.3% | 48.55% | 45.86% | 47.1% | 47.19% | 47.02% |
| Earnings before Tax (EBT) 1 | 399.8 | 580.4 | 681.3 | 693.2 | 699.6 | 774.2 | 827.5 | 884.5 |
| Net income 1 | 395.7 | 574.9 | 679.7 | 691.3 | 707.7 | 637.3 | 710.6 | 720.2 |
| Net margin | 39.73% | 47.1% | 48.24% | 48.39% | 46.45% | 39.74% | 41.9% | 40.79% |
| EPS 2 | 1.867 | 2.490 | 2.960 | 3.020 | 3.090 | 2.758 | 3.076 | 3.117 |
| Free Cash Flow 1 | - | - | - | 873.8 | - | 514 | 549 | 611 |
| FCF margin | - | - | - | 61.17% | - | 32.05% | 32.37% | 34.6% |
| FCF Conversion (EBITDA) | - | - | - | 107.49% | - | 70.66% | 68.43% | 83.36% |
| FCF Conversion (Net income) | - | - | - | 126.4% | - | 80.65% | 77.26% | 84.84% |
| Dividend per Share 2 | 0.5000 | 0.8000 | 1.200 | 1.360 | 1.060 | 1.350 | 1.330 | 1.245 |
| Announcement Date | 2/27/20 | 4/15/21 | 4/15/22 | 2/24/23 | 2/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 388.4 | 353.6 | 742 | 363.4 | 356.7 | 349.9 | 401.8 | 400.6 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income 1 | 171.5 | 166.4 | 337.9 | 174.8 | 170.4 | 158.8 | 170.1 | 148 |
| Net margin | 44.16% | 47.05% | 45.54% | 48.1% | 47.78% | 45.38% | 42.34% | 36.94% |
| EPS | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 4/27/22 | 8/24/22 | 8/24/22 | 10/27/22 | 4/21/23 | 8/28/23 | 10/27/23 | 4/22/24 |
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 | - | 2,123 | 2,637 | 3,295 | 3,395 | 3,529 | 3,670 | 3,786 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | - | 874 | - | 514 | 549 | 611 |
| ROE (net income / shareholders' equity) | 24.3% | 23.9% | 24.1% | 21.4% | 19.7% | 15.9% | 15.5% | 14.6% |
| ROA (Net income/ Total Assets) | 20.7% | 19.2% | 19.4% | 17.1% | 15.7% | 12.8% | 13.1% | - |
| Assets 1 | 1,914 | 2,994 | 3,504 | 4,048 | 4,503 | 4,979 | 5,425 | - |
| Book Value Per Share 2 | 9.450 | 11.50 | 13.20 | 15.00 | 15.90 | 17.10 | 19.30 | 20.30 |
| Cash Flow per Share 2 | 2.000 | 2.270 | 4.520 | 4.350 | 2.710 | 2.950 | 3.450 | 3.690 |
| Capex 1 | 171 | 186 | 204 | 132 | 84.4 | 87.9 | 94.2 | 86.5 |
| Capex / Sales | 17.18% | 15.23% | 14.48% | 9.24% | 5.54% | 5.48% | 5.55% | 4.9% |
| Announcement Date | 2/27/20 | 4/15/21 | 4/15/22 | 2/24/23 | 2/29/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
39.6
CNY
Average target price
46.12
CNY
Spread / Average Target
+16.45%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +2.38% | 1.26B | |
| -31.46% | 19.11B | |
| +11.76% | 15.14B | |
| +7.25% | 5.54B | |
| -14.47% | 4.96B | |
| +47.68% | 3.58B | |
| -7.22% | 3.07B | |
| -4.05% | 2.59B | |
| +2.32% | 1.79B | |
| -29.49% | 1.58B |
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