Financials Hbis Company Limited

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
2.19 ^CNY	-0.90%		+1.39%	+2.82%

Apr. 26	HBIS Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Mar. 21	HBIS Company Limited Approves Election of Wang Shuhuan as an Independent Director	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	26,670	23,155	25,429	23,362	22,018	22,638	-
Enterprise Value (EV) ¹	26,670	23,155	25,429	23,362	22,018	22,638	22,638
P/E ratio	12.9 x	18.7 x	10.3 x	17.4 x	23.7 x	14.6 x	11.5 x
Yield	-	4.46%	4.07%	1.77%	1.88%	2.74%	3.2%
Capitalization / Revenue	0.22 x	0.22 x	0.17 x	0.16 x	0.18 x	0.18 x	0.17 x
EV / Revenue	0.22 x	0.22 x	0.17 x	0.16 x	0.18 x	0.18 x	0.17 x
EV / EBITDA	-	-	2.3 x	2.81 x	2.77 x	1.45 x	1.33 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	0.48 x	0.51 x	0.45 x	0.43 x	0.38 x	0.37 x
Nbr of stocks (in thousands)	10,337,121	10,337,121	10,337,121	10,337,121	10,337,121	10,337,121	-
Reference price ²	2.580	2.240	2.460	2.260	2.130	2.190	2.190
Announcement Date	4/22/20	4/15/21	4/21/22	4/27/23	4/26/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	121,495	107,657	149,626	143,470	122,744	127,116	129,818
EBITDA ¹	-	-	11,074	8,310	7,956	15,656	16,973
EBIT ¹	-	2,426	3,269	916.8	864.6	1,400	1,939
Operating Margin	-	2.25%	2.18%	0.64%	0.7%	1.1%	1.49%
Earnings before Tax (EBT) ¹	3,619	2,416	3,668	1,606	1,346	1,882	2,420
Net income ¹	2,559	1,698	2,688	1,395	1,084	1,515	1,949
Net margin	2.11%	1.58%	1.8%	0.97%	0.88%	1.19%	1.5%
EPS ²	0.2000	0.1200	0.2400	0.1300	0.0900	0.1500	0.1900
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.1000	0.1000	0.0400	0.0400	0.0600	0.0700
Announcement Date	4/22/20	4/15/21	4/21/22	4/27/23	4/26/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	3.73%	2.15%	4.94%	2.64%	1.72%	2.6%	3.3%
ROA (Net income/ Total Assets)	1.22%	0.73%	1.11%	0.56%	-	0.6%	0.7%
Assets ¹	210,310	232,265	242,326	248,327	-	252,500	278,429
Book Value Per Share ²	-	4.670	4.810	4.970	4.960	5.720	5.880
Cash Flow per Share ²	-	0.7200	1.380	0.8900	1.080	1.560	1.620
Capex ¹	10,830	11,228	9,800	11,956	11,794	17,893	17,893
Capex / Sales	8.91%	10.43%	6.55%	8.33%	9.61%	14.08%	13.78%
Announcement Date	4/22/20	4/15/21	4/21/22	4/27/23	4/26/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C-

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2.19 CNY

Average target price

2.72 CNY

Spread / Average Target

+24.20%

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