VATTI CORPORATION LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8 CNY | +10.04% |
|
+14.29% | +28.82% |
| Apr. 26 | Vatti Corporation Limited Proposes Final Cash Dividend for the Year 2023 | CI |
| Apr. 25 | Vatti Corporation Limited 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 | 11,711 | 7,485 | 5,391 | 4,696 | 5,264 | 6,781 | - | - |
| Enterprise Value (EV) 1 | 10,679 | 6,720 | 4,695 | 3,295 | 3,772 | 4,675 | 4,491 | 6,781 |
| P/E ratio | 15.8 x | 18.8 x | 26.5 x | 32.8 x | 11.8 x | 9.89 x | 9.71 x | 7.65 x |
| Yield | 2.24% | 1.7% | 1.57% | 1.81% | 4.83% | 5.78% | 4.63% | - |
| Capitalization / Revenue | 2.04 x | 1.72 x | 0.96 x | 0.81 x | 0.84 x | 0.98 x | 0.91 x | 0.81 x |
| EV / Revenue | 1.86 x | 1.54 x | 0.84 x | 0.57 x | 0.61 x | 0.67 x | 0.61 x | 0.81 x |
| EV / EBITDA | 11.2 x | 11 x | 16.6 x | 11.4 x | 6.19 x | 7.24 x | 5.68 x | 7.18 x |
| EV / FCF | 20,340,576 x | - | - | - | - | - | - | - |
| FCF Yield | 0% | - | - | - | - | - | - | - |
| Price to Book | 3.89 x | 2.43 x | 1.66 x | 1.42 x | 1.44 x | 1.5 x | 1.46 x | 1.13 x |
| Nbr of stocks (in thousands) | 872,643 | 847,654 | 847,654 | 847,654 | 847,654 | 847,654 | - | - |
| Reference price 2 | 13.42 | 8.830 | 6.360 | 5.540 | 6.210 | 7.270 | 7.270 | 7.270 |
| Announcement Date | 2/27/20 | 2/25/21 | 4/28/22 | 4/28/23 | 4/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,748 | 4,360 | 5,588 | 5,819 | 6,233 | 6,936 | 7,422 | 8,354 |
| EBITDA 1 | 951.7 | 610 | 282.1 | 289.8 | 608.9 | 645.8 | 790 | 944.3 |
| EBIT 1 | 816.5 | 461.5 | 229.1 | 147.4 | 481.4 | 700 | 739.6 | 897.6 |
| Operating Margin | 14.2% | 10.58% | 4.1% | 2.53% | 7.72% | 10.09% | 9.96% | 10.75% |
| Earnings before Tax (EBT) 1 | 844.3 | 467.5 | 230.6 | 145.9 | 496.3 | 706.1 | 755.9 | 906.8 |
| Net income 1 | 747.8 | 407.9 | 207.3 | 143.1 | 447.2 | 623.2 | 635.1 | 804.7 |
| Net margin | 13.01% | 9.35% | 3.71% | 2.46% | 7.17% | 8.98% | 8.56% | 9.63% |
| EPS 2 | 0.8519 | 0.4693 | 0.2400 | 0.1688 | 0.5275 | 0.7350 | 0.7486 | 0.9500 |
| Free Cash Flow | 525 | - | - | - | - | - | - | - |
| FCF margin | 9.13% | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | 55.17% | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | 70.21% | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.3000 | 0.1500 | 0.1000 | 0.1000 | 0.3000 | 0.4200 | 0.3367 | - |
| Announcement Date | 2/27/20 | 2/25/21 | 4/28/22 | 4/28/23 | 4/25/24 | - | - | - |
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 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,623 | 1,125 | 1,679 | 1,456 | 1,559 | 1,195 | 1,685 | 1,551 | 1,802 | 1,381 | 1,884 | 1,660 | 1,773 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | -108.8 | 94.84 | 196.2 | 51.78 | -195.4 | 110.9 | 189 | 108.6 | - | - | - | - | - |
| Operating Margin | -6.7% | 8.43% | 11.69% | 3.56% | -12.53% | 9.28% | 11.22% | 7% | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | 87.53 | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | 4.86% | - | - | - | - |
| EPS 2 | -0.0800 | 0.0938 | 0.1900 | 0.0500 | -0.1600 | 0.1087 | 0.2000 | 0.1100 | 0.1100 | 0.1483 | 0.2167 | 0.1333 | 0.0950 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 4/28/22 | 4/28/22 | 8/29/22 | 10/28/22 | 4/28/23 | 4/28/23 | 8/29/23 | 10/30/23 | 4/25/24 | 4/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,032 | 764 | 696 | 1,401 | 1,492 | 2,106 | 2,290 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | 525 | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 26.5% | 13.2% | 6.48% | 4.39% | 12.9% | 15.4% | 15.6% | 14.8% |
| ROA (Net income/ Total Assets) | 13.3% | 6.9% | 3.35% | 2.16% | - | 8.6% | 7.97% | - |
| Assets 1 | 5,635 | 5,910 | 6,188 | 6,616 | - | 7,246 | 7,971 | - |
| Book Value Per Share 2 | 3.450 | 3.640 | 3.830 | 3.890 | 4.300 | 4.850 | 4.990 | 6.450 |
| Cash Flow per Share 2 | 0.8900 | -0.1200 | 0.5500 | 0.4700 | 1.360 | 1.200 | 0.9800 | 0.4400 |
| Capex 1 | 254 | 200 | 267 | 221 | 267 | 185 | 229 | 169 |
| Capex / Sales | 4.42% | 4.59% | 4.77% | 3.79% | 4.29% | 2.66% | 3.09% | 2.02% |
| Announcement Date | 2/27/20 | 2/25/21 | 4/28/22 | 4/28/23 | 4/25/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
7.27
CNY
Average target price
7.718
CNY
Spread / Average Target
+6.16%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.07% | 852M | |
| +30.93% | 32.14B | |
| +50.21% | 7.72B | |
| +89.61% | 6.82B | |
| -21.28% | 5.22B | |
| +19.57% | 3.92B | |
| +39.61% | 3.26B | |
| +3.43% | 3.17B | |
| +8.77% | 3.09B | |
| +0.35% | 3.07B |
- Stock Market
- Equities
- 002035 Stock
- Financials Vatti Corporation Limited