XHKG6186
Market cap6.26bUSD
Dec 23, Last price
5.48HKD
1D
-0.36%
1Q
17.60%
IPO
-26.74%
Name
China Feihe Ltd
Chart & Performance
P/E
13.77
P/S
2.39
EPS
0.37
Div Yield, %
5.14%
Shrs. gr., 5y
0.32%
Rev. gr., 5y
13.45%
Revenues
19.53b
-8.35%
Net income
3.39b
-31.40%
CFO
4.15b
-33.98%
Dividend
Sep 10, 20240.1632 HKD/sh
Profile
China Feihe Limited, an investment holding company, produces and sells infant milk formula products in Mainland China and the United States. The company offers a range of raw milk, adult milk powders, liquid milk products and health care products, as well as soybean powder and goat milk powder. It is also involved in the retail of vitamins, minerals, herbs, and other nutritional supplements. The company sells its products through distributors; and e-commerce platforms, such as Tmall, JD.com, and Suning.com, as well as through its website and mobile application, including WeChat. As of December 31, 2021, it operated a distribution network of approximately 2,000 offline customers with 110,000 retail points of sale. China Feihe Limited was founded in 1962 and is headquartered in Beijing, the People's Republic of China.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | |
| Income | ||||||||
Revenues | 19,532,203 -8.35% | 21,310,933 -6.43% | 22,776,265 22.50% | |||||
Cost of revenue | 15,951,130 | 15,934,103 | 15,131,719 | |||||
Unusual Expense (Income) | ||||||||
NOPBT | 3,581,073 | 5,376,830 | 7,644,546 | |||||
NOPBT Margin | 18.33% | 25.23% | 33.56% | |||||
Operating Taxes | 1,559,940 | 1,715,003 | 2,757,433 | |||||
Tax Rate | 43.56% | 31.90% | 36.07% | |||||
NOPAT | 2,021,133 | 3,661,827 | 4,887,113 | |||||
Net income | 3,390,009 -31.40% | 4,942,048 -28.07% | 6,871,044 -7.61% | |||||
Dividends | (2,553,283) | (2,132,502) | (3,392,281) | |||||
Dividend yield | ||||||||
Proceeds from repurchase of equity | (127,102) | 561,144 | 488,548 | |||||
BB yield | ||||||||
| Debt | ||||||||
Debt current | 592,316 | 513,378 | 374,955 | |||||
Long-term debt | 1,302,758 | 1,054,609 | 798,730 | |||||
Deferred revenue | (103,318) | (131,214) | ||||||
Other long-term liabilities | 1,434,006 | (861,994) | (621,357) | |||||
Net debt | (9,225,879) | (17,892,846) | (16,133,119) | |||||
| Cash flow | ||||||||
Cash from operating activities | 4,145,346 | 6,279,079 | 6,814,937 | |||||
CAPEX | (1,535,743) | (2,478,033) | (2,019,788) | |||||
Cash from investing activities | 386,697 | (4,803,708) | (2,444,226) | |||||
Cash from financing activities | (2,705,301) | (1,975,285) | (4,245,443) | |||||
FCF | 2,041,133 | 2,617,358 | 3,585,942 | |||||
| Balance | ||||||||
Cash | 19,146,859 | 19,108,631 | 17,177,445 | |||||
Long term investments | (8,025,906) | 352,202 | 129,359 | |||||
Excess cash | 10,144,343 | 18,395,286 | 16,167,991 | |||||
Stockholders' equity | 20,789,712 | 19,008,016 | 16,191,596 | |||||
Invested Capital | 19,260,421 | 8,741,105 | 6,931,205 | |||||
ROIC | 14.44% | 46.73% | 68.21% | |||||
ROCE | 12.18% | 19.13% | 32.05% | |||||
| EV | ||||||||
Common stock shares outstanding | 9,077,572 | 8,941,353 | 9,101,168 | |||||
Price | ||||||||
Market cap | ||||||||
EV | ||||||||
EBITDA | 4,189,006 | 5,871,274 | 8,087,898 | |||||
EV/EBITDA | ||||||||
Interest | 53,132 | 33,640 | 29,152 | |||||
Interest/NOPBT | 1.48% | 0.63% | 0.38% | |||||