Financials Shenzhen Comix Group Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-15 pm EDT			5-day change	1st Jan Change
5.77 ^CNY	+0.70%		-0.86%	-18.85%

Apr. 22	Shenzhen Comix Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 01	Tranche Update on Shenzhen Comix Group Co., Ltd.'s Equity Buyback Plan announced on December 19, 2023.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	8,926	9,476	5,945	4,766	5,050	4,131	-	-
Enterprise Value (EV) ¹	7,242	7,584	3,983	2,390	2,126	7,100	7,385	8,439
P/E ratio	34.7 x	47.6 x	-10.9 x	39.5 x	64.6 x	17.6 x	14.5 x	11.4 x
Yield	1.23%	0.52%	-	-	-	2.22%	2.62%	3.23%
Capitalization / Revenue	1.49 x	1.18 x	0.72 x	0.55 x	0.46 x	0.32 x	0.27 x	0.23 x
EV / Revenue	1.21 x	0.95 x	0.48 x	0.28 x	0.19 x	0.54 x	0.48 x	0.46 x
EV / EBITDA	20.6 x	22.9 x	-7.99 x	11.2 x	13.4 x	25.1 x	22.5 x	21.5 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2.66 x	2.82 x	2.14 x	1.58 x	1.65 x	1.26 x	1.17 x	1.07 x
Nbr of stocks (in thousands)	734,020	710,308	710,308	710,308	710,308	715,919	-	-
Reference price ²	12.16	13.34	8.370	6.710	7.110	5.770	5.770	5.770
Announcement Date	2/28/20	4/21/21	4/29/22	4/21/23	4/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	5,981	8,009	8,236	8,629	11,099	13,106	15,455	18,195
EBITDA ¹	351.8	331.1	-498.6	212.6	158.3	282.4	327.7	393.3
EBIT ¹	271.6	258.8	-577.9	131.4	64.95	235	284	355.1
Operating Margin	4.54%	3.23%	-7.02%	1.52%	0.59%	1.79%	1.84%	1.95%
Earnings before Tax (EBT) ¹	271.4	259.2	-583.4	124.8	62.86	261.8	279.3	350.8
Net income ¹	230.2	200.8	-562.3	126.7	76.91	258.9	313.6	393.8
Net margin	3.85%	2.51%	-6.83%	1.47%	0.69%	1.98%	2.03%	2.16%
EPS ²	0.3500	0.2800	-0.7700	0.1700	0.1100	0.3282	0.3983	0.5064
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1500	0.0700	-	-	-	0.1283	0.1513	0.1864
Announcement Date	2/28/20	4/21/21	4/29/22	4/21/23	4/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	2,969	3,254	4,308
Net Cash position ¹	1,684	1,892	1,962	2,377	2,925	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	10.51 x	9.931 x	10.95 x
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	8.36%	5.91%	-17.7%	4.32%	2.48%	7.12%	8.03%	9.33%
ROA (Net income/ Total Assets)	3.09%	2.37%	-6.27%	-	-	2.75%	2.76%	2.81%
Assets ¹	7,454	8,489	8,965	-	-	9,416	11,361	14,013
Book Value Per Share ²	4.570	4.730	3.910	4.250	4.310	4.580	4.930	5.390
Cash Flow per Share ²	0.7900	0.8000	0.2900	0.4500	0.8800	0.3500	1.230	0.7400
Capex ¹	134	150	65.9	51.6	24.4	139	139	161
Capex / Sales	2.24%	1.87%	0.8%	0.6%	0.22%	1.06%	0.9%	0.88%
Announcement Date	2/28/20	4/21/21	4/29/22	4/21/23	4/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.77 CNY

Average target price

7.79 CNY

Spread / Average Target

+35.01%

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