QINGDAO DOUBLESTAR CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.48 CNY | -2.18% |
|
0.00% | +0.67% |
| Apr. 29 | Qingdao Doublestar Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 08 | Qingdao Doublestar to Indirectly Own 45% Stake in Kumho Tire | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,092 | 3,919 | 3,495 | 3,480 | 3,422 | 3,635 |
| Enterprise Value (EV) 1 | 4,481 | 6,181 | 6,395 | 6,870 | 6,842 | 7,285 |
| P/E ratio | 123 x | -14.3 x | -106 x | -10.9 x | -5.66 x | -20.2 x |
| Yield | 0.27% | 0.21% | 0.24% | 0.23% | - | - |
| Capitalization / Revenue | 0.83 x | 0.95 x | 0.79 x | 0.89 x | 0.88 x | 0.78 x |
| EV / Revenue | 1.2 x | 1.5 x | 1.45 x | 1.75 x | 1.75 x | 1.56 x |
| EV / EBITDA | -28.5 x | -33.1 x | 34.7 x | -54.8 x | -38 x | 61.5 x |
| EV / FCF | -10.2 x | -22.4 x | -9.66 x | -130 x | 22.2 x | 218 x |
| FCF Yield | -9.81% | -4.47% | -10.4% | -0.77% | 4.5% | 0.46% |
| Price to Book | 0.84 x | 1.16 x | 1.05 x | 1.17 x | 1.43 x | 1.7 x |
| Nbr of stocks (in thousands) | 835,628 | 828,503 | 822,259 | 816,792 | 816,792 | 816,759 |
| Reference price 2 | 3.700 | 4.730 | 4.250 | 4.260 | 4.190 | 4.450 |
| Announcement Date | 4/28/19 | 4/29/20 | 4/14/21 | 4/28/22 | 3/30/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,745 | 4,124 | 4,421 | 3,925 | 3,910 | 4,656 |
| EBITDA 1 | -157 | -186.6 | 184.2 | -125.4 | -180.2 | 118.5 |
| EBIT 1 | -379.6 | -436.6 | -153.6 | -526.1 | -578.5 | -273.5 |
| Operating Margin | -10.14% | -10.59% | -3.47% | -13.41% | -14.79% | -5.87% |
| Earnings before Tax (EBT) 1 | 19.85 | -333.9 | -71.58 | -370.3 | -686.9 | -213.3 |
| Net income 1 | 27.51 | -272.4 | -31.17 | -320.3 | -601.9 | -176.1 |
| Net margin | 0.73% | -6.6% | -0.71% | -8.16% | -15.39% | -3.78% |
| EPS 2 | 0.0300 | -0.3300 | -0.0400 | -0.3900 | -0.7400 | -0.2200 |
| Free Cash Flow 1 | -439.7 | -276.3 | -662 | -52.8 | 308.1 | 33.49 |
| FCF margin | -11.74% | -6.7% | -14.97% | -1.35% | 7.88% | 0.72% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 28.26% |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0101 | 0.0100 | 0.0101 | 0.0100 | - | - |
| Announcement Date | 4/28/19 | 4/29/20 | 4/14/21 | 4/28/22 | 3/30/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 |
|---|---|
| Net sales | - |
| EBITDA | - |
| EBIT | - |
| Operating Margin | - |
| Earnings before Tax (EBT) | - |
| Net income 1 | -146.2 |
| Net margin | - |
| EPS 2 | -0.1800 |
| Dividend per Share | - |
| Announcement Date | 4/28/22 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,389 | 2,262 | 2,901 | 3,391 | 3,420 | 3,650 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -8.848 x | -12.12 x | 15.75 x | -27.04 x | -18.98 x | 30.8 x |
| Free Cash Flow 1 | -440 | -276 | -662 | -52.8 | 308 | 33.5 |
| ROE (net income / shareholders' equity) | 0.87% | -8.32% | -2.02% | -11.9% | -25.1% | -10.5% |
| ROA (Net income/ Total Assets) | -2.74% | -2.9% | -0.96% | -3.15% | -3.49% | -1.74% |
| Assets 1 | -1,006 | 9,407 | 3,237 | 10,181 | 17,238 | 10,120 |
| Book Value Per Share 2 | 4.390 | 4.090 | 4.050 | 3.630 | 2.930 | 2.610 |
| Cash Flow per Share 2 | 1.050 | 1.660 | 1.490 | 1.920 | 1.650 | 1.840 |
| Capex 1 | 357 | 896 | 512 | 175 | 162 | 243 |
| Capex / Sales | 9.53% | 21.73% | 11.58% | 4.45% | 4.15% | 5.21% |
| Announcement Date | 4/28/19 | 4/29/20 | 4/14/21 | 4/28/22 | 3/30/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +0.67% | 518M | |
| +17.53% | 30.44B | |
| +37.53% | 7.03B | |
| +25.39% | 4.15B | |
| -1.54% | 3.56B | |
| -11.52% | 3.53B | |
| +49.53% | 3.44B | |
| +24.12% | 3.18B | |
| +24.79% | 2.87B | |
| +8.20% | 2.5B |
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