Financials Guangzhou Zhujiang Brewery Co., Ltd

Equities

002461

CNE100000SM2

Brewers

End-of-day quote Shenzhen S.E. 06:00:00 2024-05-16 pm EDT 5-day change 1st Jan Change
8.57 CNY +0.59% Intraday chart for Guangzhou Zhujiang Brewery Co., Ltd +0.35% +8.48%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,803 23,660 20,141 17,729 17,485 18,968 - -
Enterprise Value (EV) 1 15,803 23,660 20,141 17,729 17,485 18,968 18,968 18,968
P/E ratio 32.5 x 41.1 x 32.5 x 29.7 x 28.2 x 25.7 x 23 x 20.2 x
Yield 1.4% 1.08% 1.32% 1.5% 1.58% 1.71% 1.91% 2.1%
Capitalization / Revenue 3.72 x 5.57 x 4.44 x 3.6 x 3.25 x 3.28 x 3.07 x 2.87 x
EV / Revenue 3.72 x 5.57 x 4.44 x 3.6 x 3.25 x 3.28 x 3.07 x 2.87 x
EV / EBITDA 18.4 x 23.7 x 20.1 x 17.9 x 16.9 x 20.7 x 18.3 x 15.9 x
EV / FCF -11,814,281 x - - - - - - -
FCF Yield -0% - - - - - - -
Price to Book 1.84 x 2.65 x 2.17 x 1.85 x 1.75 x 1.82 x 1.73 x 1.64 x
Nbr of stocks (in thousands) 2,213,328 2,213,328 2,213,328 2,213,328 2,213,328 2,213,328 - -
Reference price 2 7.140 10.69 9.100 8.010 7.900 8.570 8.570 8.570
Announcement Date 2/20/20 2/24/21 2/23/22 2/21/23 2/22/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,244 4,249 4,538 4,928 5,378 5,782 6,173 6,615
EBITDA 1 859.5 997.9 1,002 990.3 1,033 914.7 1,038 1,196
EBIT 1 585.6 707.2 726.4 707.8 743 879.5 998.8 1,139
Operating Margin 13.8% 16.64% 16.01% 14.36% 13.82% 15.21% 16.18% 17.22%
Earnings before Tax (EBT) 1 587.7 703.2 730.3 706.3 740 869.2 987.6 1,128
Net income 1 497.5 569.3 611.2 598.3 623.5 734.4 828.2 942.4
Net margin 11.72% 13.4% 13.47% 12.14% 11.59% 12.7% 13.42% 14.25%
EPS 2 0.2200 0.2600 0.2800 0.2700 0.2800 0.3329 0.3729 0.4250
Free Cash Flow -1,338 - - - - - - -
FCF margin -31.52% - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1000 0.1150 0.1200 0.1200 0.1250 0.1467 0.1633 0.1800
Announcement Date 2/20/20 2/24/21 2/23/22 2/21/23 2/22/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow -1,338 - - - - - - -
ROE (net income / shareholders' equity) 5.95% 6.53% 6.75% 6.36% 6.39% 7.08% 7.62% 8.19%
ROA (Net income/ Total Assets) 4.11% 4.55% 4.61% 4.36% - 4.76% 5.11% 5.44%
Assets 1 12,107 12,517 13,263 13,731 - 15,429 16,198 17,340
Book Value Per Share 2 3.880 4.030 4.190 4.340 4.510 4.710 4.940 5.210
Cash Flow per Share 2 0.3400 0.3100 0.2700 0.2700 0.3700 0.3700 0.4400 0.5100
Capex 1 2,096 292 189 424 535 457 465 563
Capex / Sales 49.38% 6.87% 4.17% 8.6% 9.95% 7.9% 7.54% 8.5%
Announcement Date 2/20/20 2/24/21 2/23/22 2/21/23 2/22/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
8.57 CNY
Average target price
9.2 CNY
Spread / Average Target
+7.35%
Consensus

Annual profits - Rate of surprise

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  4. Financials Guangzhou Zhujiang Brewery Co., Ltd
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