KINGNET NETWORK CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.42 CNY | -5.31% |
|
-3.14% | +2.24% |
| Apr. 30 | Kingnet Network Co., Ltd. Announces the Profit Distribution Proposal for 2023 | CI |
| Apr. 29 | Kingnet Network Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,549 | 10,108 | 12,261 | 13,826 | 23,798 | 24,148 | - | - |
| Enterprise Value (EV) 1 | 5,549 | 10,108 | 12,261 | 13,826 | 21,004 | 24,148 | 24,148 | 24,148 |
| P/E ratio | -3 x | 52.2 x | 21.6 x | 13.4 x | 16.2 x | 13.1 x | 11.3 x | 9.71 x |
| Yield | - | - | - | - | 0.9% | 1.52% | 1.31% | 2.19% |
| Capitalization / Revenue | - | 6.55 x | 5.16 x | 3.71 x | 5.54 x | 4.44 x | 3.78 x | 3.39 x |
| EV / Revenue | - | 6.55 x | 5.16 x | 3.71 x | 5.54 x | 4.44 x | 3.78 x | 3.39 x |
| EV / EBITDA | - | 37.8 x | 14.3 x | 9.9 x | 13.3 x | 12.3 x | 10.2 x | 8.91 x |
| EV / FCF | - | - | - | 10.2 x | - | 14.6 x | 13.2 x | 11.9 x |
| FCF Yield | - | - | - | 9.78% | - | 6.83% | 7.59% | 8.44% |
| Price to Book | - | 3.51 x | 3.68 x | 3.16 x | 4.59 x | 3.57 x | 2.51 x | 2.18 x |
| Nbr of stocks (in thousands) | 2,150,588 | 2,150,588 | 2,106,755 | 2,107,680 | 2,130,570 | 2,114,496 | - | - |
| Reference price 2 | 2.580 | 4.700 | 5.820 | 6.560 | 11.17 | 11.42 | 11.42 | 11.42 |
| Announcement Date | 2/28/20 | 4/13/21 | 4/28/22 | 4/26/23 | 4/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,543 | 2,375 | 3,726 | 4,295 | 5,437 | 6,389 | 7,118 |
| EBITDA 1 | - | 267.4 | 857.6 | 1,397 | 1,793 | 1,966 | 2,374 | 2,710 |
| EBIT 1 | - | 228.8 | 906.2 | 1,341 | 1,698 | 2,004 | 2,436 | 2,836 |
| Operating Margin | - | 14.83% | 38.15% | 35.98% | 39.52% | 36.85% | 38.12% | 39.84% |
| Earnings before Tax (EBT) 1 | - | 253.6 | 936.2 | 1,384 | 1,697 | 2,015 | 2,455 | 2,846 |
| Net income 1 | - | 177.9 | 576.7 | 1,025 | 1,462 | 1,876 | 2,170 | 2,538 |
| Net margin | - | 11.53% | 24.28% | 27.52% | 34.03% | 34.5% | 33.96% | 35.65% |
| EPS 2 | -0.8606 | 0.0900 | 0.2700 | 0.4900 | 0.6900 | 0.8719 | 1.007 | 1.177 |
| Free Cash Flow 1 | - | - | - | 1,352 | - | 1,649 | 1,834 | 2,037 |
| FCF margin | - | - | - | 36.28% | - | 30.33% | 28.7% | 28.62% |
| FCF Conversion (EBITDA) | - | - | - | 96.76% | - | 83.9% | 77.25% | 75.17% |
| FCF Conversion (Net income) | - | - | - | 131.84% | - | 87.9% | 84.51% | 80.27% |
| Dividend per Share 2 | - | - | - | - | 0.1000 | 0.1733 | 0.1502 | 0.2500 |
| Announcement Date | 2/28/20 | 4/13/21 | 4/28/22 | 4/26/23 | 4/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,053 | 1,266 | 1,308 | 1,309 | 1,387 |
| EBITDA | - | - | - | - | - | - |
| EBIT 1 | - | - | 432.9 | 440.9 | 546.7 | 596.6 |
| Operating Margin | - | - | 34.2% | 33.72% | 41.76% | 43.01% |
| Earnings before Tax (EBT) 1 | - | - | 431.6 | 442.5 | 546.3 | 596.2 |
| Net income 1 | 434.4 | 358.1 | 379.4 | 426.2 | 516.3 | 563.7 |
| Net margin | - | 34% | 29.97% | 32.59% | 39.43% | 40.63% |
| EPS 2 | 0.2100 | - | 0.1800 | 0.2000 | 0.2398 | 0.2619 |
| Dividend per Share 2 | - | - | - | - | - | - |
| Announcement Date | 8/28/23 | 10/27/23 | 4/29/24 | 4/29/24 | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | 2,795 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 1,352 | - | 1,649 | 1,834 | 2,037 |
| ROE (net income / shareholders' equity) | 6.28% | 18.5% | 26.2% | 28.9% | 28.8% | 23.8% | 23.4% |
| ROA (Net income/ Total Assets) | 4.8% | 14.5% | - | - | 23.7% | 17.9% | - |
| Assets 1 | 3,704 | 3,972 | - | - | 7,915 | 12,135 | - |
| Book Value Per Share 2 | 1.340 | 1.580 | 2.080 | 2.440 | 3.200 | 4.560 | 5.230 |
| Cash Flow per Share 2 | 0.0500 | 0.2300 | 0.6900 | 0.7900 | 0.8600 | 0.8400 | 1.050 |
| Capex 1 | 62.2 | 153 | 131 | 190 | 61.9 | 57 | 62 |
| Capex / Sales | 4.03% | 6.44% | 3.53% | 4.43% | 1.14% | 0.89% | 0.87% |
| Announcement Date | 4/13/21 | 4/28/22 | 4/26/23 | 4/29/24 | - | - | - |
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
BUY
Number of Analysts
13
Last Close Price
11.42
CNY
Average target price
16.79
CNY
Spread / Average Target
+47.04%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +2.24% | 3.34B | |
| -13.80% | 141B | |
| +22.28% | 10.51B | |
| +61.72% | 8.18B | |
| -5.71% | 5.03B | |
| +22.45% | 1.63B | |
| +37.18% | 1.23B | |
| -19.91% | 869M | |
| -8.24% | 720M | |
| +3.18% | 389M |
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