Financials Monalisa Group CO.,Ltd

Equities

002918

CNE100003399

Construction Supplies & Fixtures

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-12 pm EDT			5-day change	1st Jan Change
10.71 ^CNY	-2.72%		+3.18%	-20.90%

Apr. 26	Monalisa Group CO.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 20	Monalisa Group CO.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	8,052	13,117	11,862	7,422	5,535	4,378	-	-
Enterprise Value (EV) ¹	8,052	13,117	11,862	7,422	5,535	4,378	4,378	4,378
P/E ratio	18.7 x	23.2 x	37.2 x	-19.5 x	20.2 x	11.1 x	7.64 x	8.21 x
Yield	1.75%	1.46%	0.87%	0.83%	2.22%	4.01%	5.09%	5.32%
Capitalization / Revenue	2.12 x	2.7 x	1.7 x	1.19 x	0.93 x	0.7 x	0.63 x	0.66 x
EV / Revenue	2.12 x	2.7 x	1.7 x	1.19 x	0.93 x	0.7 x	0.63 x	0.66 x
EV / EBITDA	13.4 x	16.4 x	18.1 x	-84.1 x	7.52 x	4.29 x	3.54 x	3.64 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2.76 x	3.8 x	3.26 x	2.44 x	1.72 x	1.03 x	1.02 x	0.85 x
Nbr of stocks (in thousands)	402,186	406,108	414,312	412,818	408,800	408,800	-	-
Reference price ²	20.02	32.30	28.63	17.98	13.54	10.71	10.71	10.71
Announcement Date	4/25/20	4/1/21	4/22/22	3/29/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,804	4,864	6,987	6,229	5,921	6,298	6,906	6,599
EBITDA ¹	600.2	801.2	653.6	-88.23	735.9	1,020	1,237	1,204
EBIT ¹	509.5	653.1	366.4	-447	343.7	494.8	694.4	667.1
Operating Margin	13.39%	13.43%	5.24%	-7.18%	5.81%	7.86%	10.06%	10.11%
Earnings before Tax (EBT) ¹	508.6	650.9	371.4	-443.3	352.8	499.9	698.4	673.3
Net income ¹	432.7	566.4	314.8	-381.4	266.2	401.5	581.9	541.3
Net margin	11.38%	11.65%	4.51%	-6.12%	4.5%	6.37%	8.43%	8.2%
EPS ²	1.070	1.390	0.7700	-0.9200	0.6700	0.9683	1.401	1.304
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.3500	0.4700	0.2500	0.1500	0.3000	0.4300	0.5450	0.5700
Announcement Date	4/25/20	4/1/21	4/22/22	3/29/23	4/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 S1	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2023 Q1	2023 Q2
Net sales ¹	3,080	2,059	-	1,861	-	-	1,809
EBITDA	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income	281.7	-101.8	-73.82	-413.7	-	6.901	-
Net margin	9.14%	-4.94%	-	-22.23%	-	-	-
EPS	-	-	-0.1800	-	0.2890	0.0200	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	8/25/21	4/22/22	4/28/22	8/25/22	10/26/22	4/27/23	8/25/23

¹CNY in Million

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	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	15.9%	17.9%	8.74%	-10.9%	7.95%	9.84%	12.7%	11%
ROA (Net income/ Total Assets)	9.07%	8.88%	3.35%	-	-	4.33%	5.27%	5.05%
Assets ¹	4,771	6,379	9,401	-	-	9,265	11,052	10,720
Book Value Per Share ²	7.240	8.500	8.790	7.370	7.860	10.40	10.50	12.50
Cash Flow per Share ²	2.280	1.420	-0.2000	1.450	2.250	2.470	2.580	2.820
Capex ¹	728	1,196	1,066	644	330	651	632	454
Capex / Sales	19.14%	24.58%	15.25%	10.33%	5.57%	10.33%	9.15%	6.87%
Announcement Date	4/25/20	4/1/21	4/22/22	3/29/23	4/19/24	-	-	-

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

Ratings for Monalisa Group CO.,Ltd

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

11.01 CNY

Average target price

13.37 CNY

Spread / Average Target

+21.47%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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