Financials Yongan Futures Co.,Ltd.

Equities

600927

CNE100005D50

Investment Management & Fund Operators

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-09 pm EDT			5-day change	1st Jan Change
13.27 ^CNY	-0.60%		-1.48%	-15.53%

Apr. 25	Yongan Futures Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
2023	Yongan Futures Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	54,612	23,464	22,867	19,315	-	-
Enterprise Value (EV) ¹	54,612	23,464	22,867	19,315	19,315	19,315
P/E ratio	37.5 x	35 x	31.4 x	28 x	23.7 x	21.1 x
Yield	-	0.87%	0.52%	0.87%	1.02%	0.9%
Capitalization / Revenue	1.44 x	0.67 x	0.96 x	0.81 x	0.74 x	0.74 x
EV / Revenue	1.44 x	0.67 x	0.96 x	0.81 x	0.74 x	0.74 x
EV / EBITDA	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-
Price to Book	4.71 x	1.96 x	1.84 x	1.5 x	1.42 x	1.36 x
Nbr of stocks (in thousands)	1,455,556	1,455,556	1,455,556	1,455,556	-	-
Reference price ²	37.52	16.12	15.71	13.27	13.27	13.27
Announcement Date	4/26/22	4/26/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	37,842	34,775	23,823	23,815	26,230	25,984
EBITDA	-	-	-	-	-	-	-
EBIT ¹	-	1,460	840.3	903.5	845.8	1,020	1,155
Operating Margin	-	3.86%	2.42%	3.79%	3.55%	3.89%	4.45%
Earnings before Tax (EBT) ¹	-	1,624	861.7	899.5	835.9	1,006	1,156
Net income ¹	1,146	1,307	672.5	728.6	689.3	817.2	912.7
Net margin	-	3.45%	1.93%	3.06%	2.89%	3.12%	3.51%
EPS ²	0.8700	1.000	0.4600	0.5000	0.4733	0.5600	0.6275
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	0.1400	0.0810	0.1150	0.1350	0.1200
Announcement Date	4/7/21	4/26/22	4/26/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1
Net sales ¹	5,363
EBITDA	-
EBIT ¹	253.9
Operating Margin	4.73%
Earnings before Tax (EBT) ¹	253.1
Net income ¹	208.4
Net margin	3.89%
EPS ²	0.1400
Dividend per Share ²	-
Announcement Date	4/26/23

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	15.5%	5.71%	5.97%	4.88%	5.8%	6.02%
ROA (Net income/ Total Assets)	-	-	1.01%	-	0.82%	0.98%	0.65%
Assets ¹	-	-	66,589	-	84,575	83,385	140,421
Book Value Per Share ²	-	7.960	8.210	8.520	8.860	9.350	9.740
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	4/7/21	4/26/22	4/26/23	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 Yongan Futures Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

13.27 CNY

Average target price

16.46 CNY

Spread / Average Target

+24.08%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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Investment Management