Financials Wens Foodstuff Group Co., Ltd.

Equities

300498

CNE100002508

Fishing & Farming

End-of-day quote Shenzhen S.E. 06:00:00 2024-05-08 pm EDT 5-day change 1st Jan Change
20.35 CNY +2.21% Intraday chart for Wens Foodstuff Group Co., Ltd. +6.10% +1.45%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 178,488 116,188 122,336 128,658 133,440 135,369 - -
Enterprise Value (EV) 1 184,119 133,799 153,581 153,989 155,730 153,074 145,694 137,899
P/E ratio 12.7 x 15.5 x -9.13 x 24.2 x -20.8 x 22.4 x 9.35 x 11.1 x
Yield 2.98% 1.1% - 1.02% 0.5% 1.14% 2.77% 1.7%
Capitalization / Revenue 2.44 x 1.55 x 1.88 x 1.54 x 1.48 x 1.25 x 1.05 x 1.02 x
EV / Revenue 2.52 x 1.79 x 2.36 x 1.84 x 1.73 x 1.42 x 1.13 x 1.04 x
EV / EBITDA 10.3 x 11.3 x -19.6 x 14.1 x -116 x 13.9 x 6.67 x 7.99 x
EV / FCF - - - 33 x 116 x 49.7 x 39.5 x 10.5 x
FCF Yield - - - 3.03% 0.86% 2.01% 2.53% 9.52%
Price to Book 3.96 x 2.54 x 3.88 x 3.31 x 4.14 x 3.56 x 2.59 x 2.42 x
Nbr of stocks (in thousands) 6,374,575 6,373,464 6,351,792 6,554,141 6,652,031 6,652,031 - -
Reference price 2 28.00 18.23 19.26 19.63 20.06 20.35 20.35 20.35
Announcement Date 2/24/20 2/19/21 2/23/22 2/20/23 2/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 73,120 74,924 64,954 83,708 89,918 107,883 128,752 132,699
EBITDA 1 17,948 11,796 -7,855 10,951 -1,345 10,980 21,833 17,259
EBIT 1 14,900 8,387 -12,964 6,118 -6,060 5,879 15,356 13,051
Operating Margin 20.38% 11.19% -19.96% 7.31% -6.74% 5.45% 11.93% 9.84%
Earnings before Tax (EBT) 1 14,780 7,972 -13,144 5,815 -6,308 6,086 15,081 12,865
Net income 1 13,967 7,426 -13,404 5,289 -6,329 6,075 14,517 12,416
Net margin 19.1% 9.91% -20.64% 6.32% -7.04% 5.63% 11.27% 9.36%
EPS 2 2.204 1.175 -2.110 0.8103 -0.9639 0.9104 2.176 1.838
Free Cash Flow 1 - - - 4,671 1,345 3,079 3,692 13,131
FCF margin - - - 5.58% 1.5% 2.85% 2.87% 9.9%
FCF Conversion (EBITDA) - - - 42.66% - 28.04% 16.91% 76.08%
FCF Conversion (Net income) - - - 88.32% - 50.68% 25.43% 105.76%
Dividend per Share 2 0.8333 0.2000 - 0.2000 0.1000 0.2329 0.5629 0.3460
Announcement Date 2/24/20 2/19/21 2/23/22 2/20/23 2/27/24 - - -
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 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 18,385 - 16,954 24,325 27,847 - - 23,500 25,214 27,250 27,250 27,250 - -
EBITDA - - - - - - - - - - - - - -
EBIT 1 -3,528 - 450.6 4,413 5,123 - - - -1,582 2,573 2,573 2,573 - -
Operating Margin -19.19% - 2.66% 18.14% 18.4% - - - -6.28% 9.44% 9.44% 9.44% - -
Earnings before Tax (EBT) 1 - - 419.2 4,401 4,845 - - - - 2,302 2,302 2,302 - -
Net income 1 - -3,763 239.8 4,209 4,603 - - - - 2,292 2,292 2,292 - -
Net margin - - 1.41% 17.3% 16.53% - - - - 8.41% 8.41% 8.41% - -
EPS 2 -0.5800 -0.5925 0.0400 0.6600 0.7053 - -0.3596 0.0241 -0.2716 0.3445 0.3445 0.3445 - -
Dividend per Share 2 - - - 0.1000 - - - - - - - 0.1049 - -
Announcement Date 2/23/22 4/26/22 8/4/22 10/25/22 2/20/23 5/30/23 8/30/23 10/25/23 2/27/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,631 17,611 31,246 25,331 22,290 17,706 10,326 2,530
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.3137 x 1.493 x -3.978 x 2.313 x -16.57 x 1.612 x 0.4729 x 0.1466 x
Free Cash Flow 1 - - - 4,671 1,345 3,079 3,692 13,131
ROE (net income / shareholders' equity) 35.7% 16.7% -34.2% 14.6% -17.5% 14.2% 29.2% 17.6%
ROA (Net income/ Total Assets) 23.4% 10.2% -15.1% 5.43% -6.63% 6.08% 12.5% 13.7%
Assets 1 59,765 73,102 88,644 97,436 95,503 99,922 115,726 90,891
Book Value Per Share 2 7.080 7.180 4.960 5.940 4.850 5.720 7.850 8.400
Cash Flow per Share 2 2.870 1.330 0.1200 1.690 1.140 1.400 3.020 2.470
Capex 1 8,944 20,416 9,664 6,404 6,249 6,932 6,449 5,993
Capex / Sales 12.23% 27.25% 14.88% 7.65% 6.95% 6.43% 5.01% 4.52%
Announcement Date 2/24/20 2/19/21 2/23/22 2/20/23 2/27/24 - - -
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
20.35 CNY
Average target price
23.22 CNY
Spread / Average Target
+14.12%
Consensus
  1. Stock Market
  2. Equities
  3. 300498 Stock
  4. Financials Wens Foodstuff Group Co., Ltd.
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