LUFAX HOLDING LTD |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.535 USD | -0.55% |
|
+0.89% | +47.88% |
| Apr. 24 | Lufax Holding Profit Shrinks in 2023 | MT |
| Apr. 23 | Citigroup Adjusts Lufax Holding Price Target to $5.10 From $4.79, Maintains Neutral Rating | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 225,906 | 88,058 | 30,621 | 12,488 | 18,911 | - | - |
| Enterprise Value (EV) 1 | 196,267 | 66,863 | 37.5 | 953.8 | 11,984 | 16,323 | 19,807 |
| P/E ratio | 16.6 x | 5.35 x | 3.53 x | 14.1 x | -119 x | 5.91 x | 4.82 x |
| Yield | - | 6.01% | - | 51.5% | 0.33% | 4.57% | 6.56% |
| Capitalization / Revenue | 4.34 x | 1.42 x | 0.53 x | 0.36 x | 0.69 x | 0.6 x | 0.54 x |
| EV / Revenue | 3.77 x | 1.08 x | 0 x | 0.03 x | 0.43 x | 0.52 x | 0.57 x |
| EV / EBITDA | 8.24 x | 2.06 x | - | - | 4.24 x | 2.88 x | 2.46 x |
| EV / FCF | 28.4 x | 13.8 x | 0.01 x | 0.06 x | 2.93 x | 4.51 x | - |
| FCF Yield | 3.52% | 7.23% | 11,555% | 1,571% | 34.1% | 22.2% | - |
| Price to Book | 2.51 x | 0.91 x | 0.33 x | 0.14 x | 0.23 x | 0.22 x | 0.22 x |
| Nbr of stocks (in thousands) | 609,536 | 615,575 | 572,109 | 573,160 | 573,409 | - | - |
| Reference price 2 | 370.6 | 143.0 | 53.52 | 21.79 | 32.98 | 32.98 | 32.98 |
| Announcement Date | 2/2/21 | 3/9/22 | 3/12/23 | 3/21/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 52,046 | 61,835 | 58,116 | 34,255 | 27,578 | 31,555 | 34,757 |
| EBITDA 1 | 23,814 | 32,466 | - | - | 2,827 | 5,676 | 8,040 |
| EBIT 1 | 23,556 | 31,641 | 31,226 | 14,577 | 12,829 | 14,782 | 15,465 |
| Operating Margin | 45.26% | 51.17% | 53.73% | 42.55% | 46.52% | 46.85% | 44.49% |
| Earnings before Tax (EBT) 1 | 17,910 | 23,400 | 13,013 | 1,645 | 1,889 | 4,974 | 6,012 |
| Net income 1 | 12,354 | 16,804 | 8,699 | 886.9 | 998.5 | 3,166 | 4,165 |
| Net margin | 23.74% | 27.18% | 14.97% | 2.59% | 3.62% | 10.03% | 11.98% |
| EPS 2 | 22.36 | 26.76 | 15.16 | 1.540 | -0.2764 | 5.579 | 6.839 |
| Free Cash Flow 1 | 6,915 | 4,834 | 4,332 | 14,982 | 4,089 | 3,620 | - |
| FCF margin | 13.29% | 7.82% | 7.45% | 43.74% | 14.83% | 11.47% | - |
| FCF Conversion (EBITDA) | 29.04% | 14.89% | - | - | 144.67% | 63.78% | - |
| FCF Conversion (Net income) | 55.97% | 28.77% | 49.8% | 1,689.32% | 409.51% | 114.35% | - |
| Dividend per Share 2 | - | 8.592 | - | 11.23 | 0.1104 | 1.507 | 2.163 |
| Announcement Date | 2/2/21 | 3/9/22 | 3/12/23 | 3/21/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 15,831 | 17,316 | 15,288 | 13,193 | 12,318 | 10,078 | 9,270 | 8,050 | 6,857 | 6,964 |
| EBITDA | 5,053 | 7,294 | 5,501 | 2,540 | - | - | - | - | - | - |
| EBIT 1 | 7,529 | 10,069 | 8,966 | 6,407 | 5,745 | 4,392 | 4,317 | 3,400 | 2,468 | 3,383 |
| Operating Margin | 47.56% | 58.15% | 58.65% | 48.56% | 46.64% | 43.58% | 46.56% | 42.24% | 36% | 48.59% |
| Earnings before Tax (EBT) | - | - | 4,353 | 2,111 | -603.2 | 1,114 | 1,314 | - | -1,086 | - |
| Net income | - | - | 2,909 | 1,327 | -815.3 | 672 | - | - | -844.2 | - |
| Net margin | - | - | 19.03% | 10.06% | -6.62% | 6.67% | - | - | -12.31% | - |
| EPS | - | - | - | 2.320 | - | - | 1.680 | 0.1600 | -1.480 | - |
| Dividend per Share | 8.592 | - | 0.6800 | - | 1.360 | - | - | - | - | - |
| Announcement Date | 3/9/22 | 5/25/22 | 8/4/22 | 11/23/22 | 3/12/23 | 5/22/23 | 8/21/23 | 11/13/23 | 3/21/24 | 4/22/24 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | 896 |
| Net Cash position 1 | 29,640 | 21,195 | 30,583 | 11,535 | 6,927 | 2,588 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | 0.1115 x |
| Free Cash Flow 1 | 6,915 | 4,834 | 4,332 | 14,982 | 4,089 | 3,620 | - |
| ROE (net income / shareholders' equity) | 19.1% | 19.2% | 9.34% | 0.96% | 0.49% | 3.53% | 5.03% |
| ROA (Net income/ Total Assets) | 6.2% | 5.52% | 2.45% | 0.3% | 0.15% | 1.49% | 1.78% |
| Assets 1 | 199,212 | 304,665 | 354,787 | 293,179 | 683,484 | 212,696 | 234,669 |
| Book Value Per Share 2 | 148.0 | 157.0 | 163.0 | 161.0 | 144.0 | 150.0 | 153.0 |
| Cash Flow per Share 2 | 12.60 | 7.940 | 15.50 | 26.10 | 42.00 | 29.10 | 0.6400 |
| Capex 1 | 206 | 153 | 123 | 48.3 | 165 | 262 | 298 |
| Capex / Sales | 0.4% | 0.25% | 0.21% | 0.14% | 0.6% | 0.83% | 0.86% |
| Announcement Date | 2/2/21 | 3/9/22 | 3/12/23 | 3/21/24 | - | - | - |
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
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
32.98
CNY
Average target price
31.89
CNY
Spread / Average Target
-3.31%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +48.53% | 2.61B | |
| +14.15% | 16.66B | |
| +28.96% | 16.46B | |
| +8.15% | 9.44B | |
| -20.73% | 7.63B | |
| +3.06% | 6.33B | |
| +68.43% | 5.57B | |
| -3.06% | 4.69B | |
| +69.41% | 4.64B | |
| +0.89% | 4.44B |
- Stock Market
- Equities
- LU Stock
- Financials Lufax Holding Ltd