VENUSTECH GROUP INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18.89 CNY | -1.61% |
|
-3.87% | -30.04% |
| Apr. 29 | Jefferies Adjusts Venustech’s Price Target to 26.51 Yuan From 26.59 Yuan, Keeps at Buy | MT |
| Apr. 26 | Venustech Group Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 30,308 | 27,270 | 26,418 | 24,646 | 32,919 | 23,031 | - | - |
| Enterprise Value (EV) 1 | 29,529 | 25,801 | 25,065 | 23,306 | 28,003 | 17,199 | 17,010 | 16,468 |
| P/E ratio | 43.9 x | 33.6 x | 31 x | 38.9 x | 34.6 x | 24.8 x | 17.3 x | 15 x |
| Yield | 0.07% | 0.17% | 0.09% | 0.77% | 1% | 1.17% | 1.61% | 1.99% |
| Capitalization / Revenue | 9.81 x | 7.48 x | 6.02 x | 5.55 x | 7.27 x | 4.28 x | 3.38 x | 2.89 x |
| EV / Revenue | 9.56 x | 7.08 x | 5.71 x | 5.25 x | 6.18 x | 3.19 x | 2.49 x | 2.07 x |
| EV / EBITDA | 34 x | 25.3 x | 23.2 x | 39.8 x | 29.5 x | 17 x | 12.8 x | 9.93 x |
| EV / FCF | 89.7 x | 59.9 x | -193 x | -94.1 x | -50.8 x | 11.9 x | 25.6 x | 20.2 x |
| FCF Yield | 1.11% | 1.67% | -0.52% | -1.06% | -1.97% | 8.39% | 3.9% | 4.95% |
| Price to Book | - | 4.56 x | 3.96 x | 3.36 x | 2.76 x | 1.83 x | 1.64 x | 1.5 x |
| Nbr of stocks (in thousands) | 896,693 | 933,584 | 925,982 | 945,002 | 1,219,208 | 1,219,208 | - | - |
| Reference price 2 | 33.80 | 29.21 | 28.53 | 26.08 | 27.00 | 18.89 | 18.89 | 18.89 |
| Announcement Date | 2/28/20 | 3/2/21 | 4/7/22 | 4/19/23 | 2/22/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,089 | 3,647 | 4,386 | 4,437 | 4,529 | 5,386 | 6,821 | 7,973 |
| EBITDA 1 | 867.4 | 1,021 | 1,080 | 584.9 | 949.6 | 1,009 | 1,334 | 1,658 |
| EBIT 1 | 740.7 | 902.5 | 936.1 | 648.3 | 769.4 | 944.8 | 1,243 | 1,484 |
| Operating Margin | 23.97% | 24.75% | 21.34% | 14.61% | 16.99% | 17.54% | 18.22% | 18.61% |
| Earnings before Tax (EBT) 1 | 737.6 | 900.6 | 938.2 | 645.3 | 764.5 | 964 | 1,308 | 1,592 |
| Net income 1 | 688.3 | 804.1 | 861.5 | 626.1 | 735.3 | 923.7 | 1,250 | 1,489 |
| Net margin | 22.28% | 22.05% | 19.64% | 14.11% | 16.24% | 17.15% | 18.33% | 18.68% |
| EPS 2 | 0.7700 | 0.8700 | 0.9200 | 0.6700 | 0.7800 | 0.7610 | 1.089 | 1.255 |
| Free Cash Flow 1 | 329.1 | 431 | -129.8 | -247.6 | -551.2 | 1,444 | 664 | 815.5 |
| FCF margin | 10.65% | 11.82% | -2.96% | -5.58% | -12.17% | 26.8% | 9.73% | 10.23% |
| FCF Conversion (EBITDA) | 37.95% | 42.2% | - | - | - | 143.06% | 49.77% | 49.19% |
| FCF Conversion (Net income) | 47.82% | 53.6% | - | - | - | 156.28% | 53.11% | 54.76% |
| Dividend per Share 2 | 0.0250 | 0.0510 | 0.0250 | 0.2000 | 0.2700 | 0.2214 | 0.3043 | 0.3768 |
| Announcement Date | 2/28/20 | 3/2/21 | 4/7/22 | 4/19/23 | 2/22/24 | - | - | - |
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 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,289 | 564.4 | 649.8 | 954.2 | 2,269 | 787.7 | 734 | 1,012 | 1,995 | 922.6 | 1,016 | 1,283 | 2,303 | 1,024 | 1,293 |
| EBITDA 1 | 901.4 | - | - | - | 1,150 | - | - | - | - | - | 256 | 256 | 199.9 | 208.3 | 314.4 |
| EBIT 1 | 1,017 | -117.1 | -232.3 | -0.2406 | 997.9 | -84.58 | 225.3 | 51.45 | 577.2 | -149.7 | 213.1 | 213.1 | 156.9 | 159.1 | 265.1 |
| Operating Margin | 44.41% | -20.74% | -35.76% | -0.03% | 43.99% | -10.74% | 30.7% | 5.08% | 28.93% | -16.22% | 20.97% | 16.61% | 6.81% | 15.54% | 20.51% |
| Earnings before Tax (EBT) 1 | 1,019 | -118.7 | -232.1 | -2.284 | 998.3 | -86.92 | - | 50.95 | 573.8 | -149.4 | 117.1 | 211.6 | 498.1 | 197.4 | 311.3 |
| Net income 1 | 876.6 | -97.51 | -152.5 | 0.3799 | 875.6 | -65.73 | - | 56.54 | 493.9 | -113.2 | 115.8 | 207.8 | 483.3 | 193.9 | 305.3 |
| Net margin | 38.3% | -17.28% | -23.46% | 0.04% | 38.6% | -8.34% | - | 5.59% | 24.75% | -12.27% | 11.4% | 16.2% | 20.99% | 18.94% | 23.62% |
| EPS 2 | 0.9400 | -0.1100 | -0.1600 | - | 0.9400 | -0.0700 | 0.2700 | 0.0600 | 0.5200 | -0.0900 | 0.0753 | 0.1453 | 0.5857 | 0.1580 | 0.2489 |
| Dividend per Share 2 | 0.0250 | - | - | - | 0.2000 | - | - | - | - | - | - | - | 0.1474 | - | - |
| Announcement Date | 4/7/22 | 4/29/22 | 8/12/22 | 10/28/22 | 4/19/23 | 4/25/23 | 8/29/23 | 10/27/23 | 2/22/24 | 4/26/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 779 | 1,469 | 1,353 | 1,340 | 4,916 | 5,832 | 6,020 | 6,563 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 329 | 431 | -130 | -248 | -551 | 1,444 | 664 | 816 |
| ROE (net income / shareholders' equity) | 17.1% | 14.9% | 13.5% | 8.88% | 9.56% | 7.37% | 9.22% | 9.71% |
| ROA (Net income/ Total Assets) | 11.7% | 10.5% | 9.96% | 6.26% | 5.91% | 6.4% | 6.75% | 8.08% |
| Assets 1 | 5,898 | 7,632 | 8,651 | 10,002 | 12,443 | 14,439 | 18,514 | 18,429 |
| Book Value Per Share 2 | - | 6.410 | 7.200 | 7.760 | 9.780 | 10.30 | 11.50 | 12.60 |
| Cash Flow per Share 2 | 0.5500 | 0.7000 | 0.3400 | -0.0100 | -0.4200 | 0.3100 | 1.060 | 0.8400 |
| Capex 1 | 168 | 227 | 448 | 237 | 158 | 194 | 178 | 209 |
| Capex / Sales | 5.42% | 6.23% | 10.21% | 5.33% | 3.5% | 3.6% | 2.61% | 2.62% |
| Announcement Date | 2/28/20 | 3/2/21 | 4/7/22 | 4/19/23 | 2/22/24 | - | - | - |
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
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
18.89
CNY
Average target price
26.98
CNY
Spread / Average Target
+42.85%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -30.04% | 3.19B | |
| +7.14% | 425B | |
| -39.78% | 960M | |
| -4.63% | 909M | |
| -23.55% | 739M | |
| +102.93% | 278M | |
| +6.42% | 270M | |
| -1.67% | 229M | |
| -37.55% | 205M | |
| +23.94% | 159M |
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- Financials Venustech Group Inc.
