SHENZHEN KEDALI INDUSTRY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 100.2 CNY | -4.63% |
|
+5.07% | +18.58% |
| Apr. 26 | Shenzhen Kedali Industry Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 23 | Kedali Industry to Set Up 100 Million Yuan Joint Venture | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,555 | 21,892 | 37,346 | 27,844 | 22,777 | 27,041 | - | - |
| Enterprise Value (EV) 1 | 9,555 | 21,892 | 37,346 | 29,097 | 23,015 | 25,341 | 24,647 | 27,019 |
| P/E ratio | 40.3 x | 112 x | 68.8 x | 31.1 x | 17.6 x | 19.2 x | 15.8 x | 13.3 x |
| Yield | 0.44% | - | 0.12% | 0.25% | 1.78% | 1.22% | 1.5% | 2.25% |
| Capitalization / Revenue | 4.28 x | 11 x | 8.36 x | 3.22 x | 2.17 x | 2.13 x | 1.71 x | 1.45 x |
| EV / Revenue | 4.28 x | 11 x | 8.36 x | 3.36 x | 2.19 x | 2 x | 1.56 x | 1.45 x |
| EV / EBITDA | 21.5 x | 54.7 x | 42.9 x | 20.2 x | 11.4 x | 10.4 x | 8.6 x | 8.08 x |
| EV / FCF | - | - | - | - | - | 142 x | -704 x | 18.8 x |
| FCF Yield | - | - | - | - | - | 0.7% | -0.14% | 5.33% |
| Price to Book | 3.84 x | 5.49 x | 8.2 x | 5.04 x | 2.21 x | 2.31 x | 2.05 x | 1.82 x |
| Nbr of stocks (in thousands) | 210,000 | 232,920 | 232,920 | 234,359 | 269,681 | 270,006 | - | - |
| Reference price 2 | 45.50 | 93.99 | 160.3 | 118.8 | 84.46 | 100.2 | 100.2 | 100.2 |
| Announcement Date | 2/25/20 | 3/26/21 | 3/30/22 | 4/14/23 | 4/12/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,230 | 1,985 | 4,468 | 8,654 | 10,511 | 12,673 | 15,815 | 18,662 |
| EBITDA 1 | 443.7 | 400.2 | 869.7 | 1,438 | 2,024 | 2,444 | 2,867 | 3,343 |
| EBIT 1 | 272.9 | 200.3 | 608.5 | 1,032 | 1,371 | 1,602 | 1,964 | 2,316 |
| Operating Margin | 12.24% | 10.09% | 13.62% | 11.93% | 13.05% | 12.64% | 12.42% | 12.41% |
| Earnings before Tax (EBT) 1 | 270.8 | 194.9 | 601.1 | 1,029 | 1,358 | 1,626 | 1,950 | 2,299 |
| Net income 1 | 237.3 | 178.6 | 541.6 | 901.2 | 1,201 | 1,406 | 1,712 | 2,030 |
| Net margin | 10.64% | 9% | 12.12% | 10.41% | 11.42% | 11.1% | 10.82% | 10.88% |
| EPS 2 | 1.130 | 0.8400 | 2.330 | 3.820 | 4.790 | 5.213 | 6.344 | 7.517 |
| Free Cash Flow 1 | - | - | - | - | - | 178 | -35 | 1,441 |
| FCF margin | - | - | - | - | - | 1.4% | -0.22% | 7.72% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 7.28% | - | 43.1% |
| FCF Conversion (Net income) | - | - | - | - | - | 12.66% | - | 70.97% |
| Dividend per Share 2 | 0.2000 | - | 0.2000 | 0.3000 | 1.500 | 1.217 | 1.505 | 2.255 |
| Announcement Date | 2/25/20 | 3/26/21 | 3/30/22 | 4/14/23 | 4/12/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 2,683 | 2,326 | 2,591 | 2,851 | 2,743 | 2,509 | 2,757 | 3,676 | 4,202 | - | - |
| EBITDA 1 | - | - | - | - | - | - | - | 535.7 | 653 | 720 | - | - |
| EBIT 1 | - | 348.1 | 281.8 | 308.5 | 322.7 | 458.5 | 355 | 351.9 | 469.3 | 536.3 | - | - |
| Operating Margin | - | 12.97% | 12.12% | 11.9% | 11.32% | 16.71% | 14.15% | 12.76% | 12.76% | 12.76% | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | 299.1 | 321.3 | 457.3 | 355.6 | 335.3 | 447 | 510.9 | - | - |
| Net income 1 | 249.3 | - | - | 267.2 | 286.2 | 405.9 | 308.6 | 297.5 | 396.6 | 453.3 | - | - |
| Net margin | - | - | - | 10.31% | 10.04% | 14.8% | 12.3% | 10.79% | 10.79% | 10.79% | - | - |
| EPS 2 | 1.071 | 1.280 | - | 1.133 | 1.110 | 1.520 | 1.140 | 1.196 | 1.490 | 1.685 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | 1.634 | - | - |
| Announcement Date | 10/26/22 | 4/14/23 | 4/24/23 | 8/17/23 | 10/26/23 | 4/12/24 | 4/26/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 1,253 | 237 | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 1,700 | 2,394 | 21.8 |
| Leverage (Debt/EBITDA) | - | - | - | 0.8713 x | 0.1173 x | - | - | - |
| Free Cash Flow 1 | - | - | - | - | - | 178 | -35 | 1,441 |
| ROE (net income / shareholders' equity) | 9.93% | 6.69% | 12.7% | 17.6% | 15.4% | 12.3% | 13.6% | 13.8% |
| ROA (Net income/ Total Assets) | 6.49% | 3.86% | 8.46% | - | - | 6.9% | 7.32% | 7.66% |
| Assets 1 | 3,656 | 4,623 | 6,399 | - | - | 20,383 | 23,404 | 26,498 |
| Book Value Per Share 2 | 11.90 | 17.10 | 19.60 | 23.60 | 38.20 | 43.40 | 48.90 | 55.00 |
| Cash Flow per Share 2 | 2.160 | 0.3600 | 8.410 | 1.870 | 2.770 | 6.780 | 10.30 | 11.30 |
| Capex 1 | 503 | 445 | 1,183 | 2,382 | 2,406 | 1,937 | 1,775 | 1,466 |
| Capex / Sales | 22.56% | 22.43% | 26.48% | 27.52% | 22.89% | 15.28% | 11.22% | 7.85% |
| Announcement Date | 2/25/20 | 3/26/21 | 3/30/22 | 4/14/23 | 4/12/24 | - | - | - |
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
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
100.2
CNY
Average target price
110.6
CNY
Spread / Average Target
+10.43%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +18.58% | 3.74B | |
| +42.31% | 17.25B | |
| +1.75% | 16.64B | |
| -2.63% | 12.31B | |
| +41.55% | 7.4B | |
| +51.65% | 6.71B | |
| +9.18% | 6.67B | |
| -.--% | 5.94B | |
| +31.83% | 3.82B | |
| +77.90% | 3.08B |
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