Financials Xilinmen Furniture Co.,Ltd

Equities

603008

CNE100001JQ0

Home Furnishings

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-05 pm EDT			5-day change	1st Jan Change
19.4 ^CNY	+3.58%		+2.37%	+14.05%

Apr. 29	Xilinmen Furniture Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 25	Xilinmen Furniture Co.,Ltd 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	6,051	7,485	14,887	11,061	6,590	7,352	-	-
Enterprise Value (EV) ¹	6,051	7,485	14,887	11,061	6,590	7,352	7,352	7,352
P/E ratio	15.8 x	24.2 x	26.9 x	46 x	15.3 x	13 x	10.4 x	10.6 x
Yield	0.32%	1.29%	0.72%	0.28%	2.94%	2.14%	2.41%	2.99%
Capitalization / Revenue	1.24 x	1.33 x	1.92 x	1.41 x	0.76 x	0.75 x	0.66 x	0.59 x
EV / Revenue	1.24 x	1.33 x	1.92 x	1.41 x	0.76 x	0.75 x	0.66 x	0.59 x
EV / EBITDA	8.79 x	12 x	15.7 x	18.7 x	7.36 x	6.17 x	5.68 x	5.31 x
EV / FCF	-	-	-	-838,686,813 x	-	-	-	-
FCF Yield	-	-	-	-0%	-	-	-	-
Price to Book	2.28 x	2.55 x	4.73 x	3.16 x	1.78 x	1.79 x	1.5 x	1.42 x
Nbr of stocks (in thousands)	391,138	387,418	381,417	387,418	387,418	378,992	-	-
Reference price ²	15.47	19.32	39.03	28.55	17.01	19.40	19.40	19.40
Announcement Date	4/29/20	3/9/21	4/19/22	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	4,871	5,623	7,772	7,839	8,678	9,856	11,127	12,475
EBITDA ¹	688.6	622.7	945.5	593	895.7	1,191	1,295	1,385
EBIT ¹	512.9	437.1	718.3	339.4	557.7	711	943.3	891.3
Operating Margin	10.53%	7.77%	9.24%	4.33%	6.43%	7.21%	8.48%	7.14%
Earnings before Tax (EBT) ¹	512.6	427.1	707.3	322.3	555.4	709.2	935.2	885.8
Net income ¹	380.4	313.4	558.8	237.5	428.9	539.8	720	691.6
Net margin	7.81%	5.57%	7.19%	3.03%	4.94%	5.48%	6.47%	5.54%
EPS ²	0.9800	0.8000	1.450	0.6200	1.110	1.494	1.871	1.823
Free Cash Flow	-	-	-	-13.19	-	-	-	-
FCF margin	-	-	-	-0.17%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0500	0.2500	0.2800	0.0800	0.5000	0.4150	0.4675	0.5800
Announcement Date	4/29/20	3/9/21	4/19/22	4/28/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 S1	2021 Q4	2022 Q3
Net sales ¹	-	2,729	2,135
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income	217.6	185	-
Net margin	-	6.78%	-
EPS	0.5600	-	-
Dividend per Share	-	-	-
Announcement Date	7/29/21	4/19/22	10/24/22

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-13.2	-	-	-	-
ROE (net income / shareholders' equity)	15.4%	10.2%	17.9%	7.13%	11.7%	13.5%	14.5%	13.4%
ROA (Net income/ Total Assets)	6.01%	4.41%	7.04%	2.74%	-	5.97%	6.46%	6.17%
Assets ¹	6,325	7,110	7,938	8,677	-	9,046	11,145	11,210
Book Value Per Share ²	6.790	7.590	8.260	9.030	9.550	10.80	12.90	13.60
Cash Flow per Share ²	1.270	1.910	1.820	2.170	3.230	2.280	3.300	2.100
Capex ¹	295	158	490	854	567	337	370	470
Capex / Sales	6.06%	2.81%	6.31%	10.9%	6.53%	3.42%	3.33%	3.77%
Announcement Date	4/29/20	3/9/21	4/19/22	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

Ratings for Xilinmen Furniture Co.,Ltd

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

19.4 CNY

Average target price

24.65 CNY

Spread / Average Target

+27.04%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Furniture

	1st Jan change	Capi.
XILINMEN FURNITURE CO.,LTD	+14.05%	1.02B
TEMPUR SEALY INTERNATIONAL, INC.	-1.65%	8.7B
JASON FURNITURE (HANGZHOU) CO.,LTD.	+0.57%	3.97B
SUOFEIYA HOME COLLECTION CO., LTD.	+14.67%	2.42B
DE RUCCI HEALTHY SLEEP CO., LTD.	+15.93%	1.96B
LA-Z-BOY INCORPORATED	-7.94%	1.45B
MOTOMOTION CHINA CORPORATION	+36.12%	1.2B
SHEELA FOAM LIMITED	-27.45%	1.18B
HENGLIN HOME FURNISHINGS CO.,LTD	+2.09%	863M
YOTRIO GROUP CO., LTD.	-10.53%	819M

Furniture