Projected Income Statement: China United Network Communications Limited

Forecast Balance Sheet: China United Network Communications Limited

Forecast Balance Sheet - China United Network Communications Limited
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -28,492 -54,843 -43,006 -37,727 -28,889 -43,814 -71,915 -97,438
Change - -92.49% 21.58% 12.28% 23.43% -51.66% -64.14% -35.49%
Announcement Date 11/03/22 08/03/23 04/03/24 18/03/25 19/03/26 - - -
1CNY in Million
Estimates

Cash Flow Forecast: China United Network Communications Limited

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 69,775 70,776 77,983 73,770 65,889 49,620 50,649 51,521
Change - 1.43% 10.18% -5.4% -10.68% -24.69% 2.07% 1.72%
Free Cash Flow (FCF) 1 42,197 30,932 26,358 17,485 25,521 44,850 38,218 37,565
Change - -26.69% -14.79% -33.67% 45.96% 75.74% -14.79% -1.71%
Announcement Date 11/03/22 08/03/23 04/03/24 18/03/25 19/03/26 - - -
1CNY in Million
Estimates

Forecast Financial Ratios: China United Network Communications Limited

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 27.16% 25.67% 24.2% 24.75% 22.18% 22.21% 23.14% 23.53%
EBIT Margin (%) 5.4% 5.75% 6.12% 5.83% 6.38% 5.07% 5.38% 5.73%
EBT Margin (%) 5.43% 5.74% 6.09% 6.44% 6.45% 5.36% 5.88% 6.27%
Net margin (%) 1.92% 2.06% 2.2% 2.32% 2.33% 1.91% 2.09% 2.22%
FCF margin (%) 12.87% 8.71% 7.07% 4.49% 6.51% 11.42% 9.63% 9.33%
FCF / Net Income (%) 669.21% 423.76% 321.44% 193.63% 279.63% 596.48% 461.26% 419.9%

Profitability

        
ROA 1.1% 1.18% 1.25% 1.35% 1.36% 1.15% 1.2% 1.32%
ROE 4.17% 4.67% 5.08% 5.49% 5.39% 4.75% 5.24% 5.81%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 21.28% 19.94% 20.93% 18.94% 16.8% 12.63% 12.76% 12.8%
CAPEX / EBITDA (%) 78.37% 77.67% 86.5% 76.51% 75.73% 56.88% 55.14% 54.39%
CAPEX / FCF (%) 165.36% 228.81% 295.86% 421.91% 258.18% 110.64% 132.53% 137.15%

Items per share

        
Cash flow per share 1 3.689 3.198 3.281 2.87 2.924 2.807 2.819 3.078
Change - -13.32% 2.59% -12.53% 1.89% -3.99% 0.43% 9.18%
Dividend per Share 1 0.096 0.0427 0.0524 0.0621 0.0523 0.147 0.163 0.1767
Change - -55.52% 22.72% 18.51% -15.78% 180.98% 10.92% 8.41%
Book Value Per Share 1 4.815 4.854 5.002 5.184 5.392 5.403 5.39 5.373
Change - 0.81% 3.06% 3.63% 4.02% 0.2% -0.24% -0.33%
EPS 1 0.206 0.234 0.261 0.292 0.2921 0.2488 0.2704 0.2915
Change - 13.59% 11.54% 11.88% 0.03% -14.83% 8.71% 7.78%
Nbr of stocks (in thousands) 30,991,393 31,804,436 31,803,992 31,800,581 31,264,425 31,264,425 31,264,425 31,264,425
Announcement Date 11/03/22 08/03/23 04/03/24 18/03/25 19/03/26 - - -
1CNY
Estimates
2026 *2027 *
P/E 17.3x 15.9x
PBR 0.8x 0.8x
EV / Sales 0.23x 0.16x
Yield 3.41% 3.78%

EPS & Dividend

EPS & Dividend - China United Network Communications Limited


Y-o-Y evolution of P/E

Valuation ratios - P/E - China United Network Communications Limited
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - China United Network Communications Limited
Trader
Investor
Global
Quality
ESG MSCI
CCC
MarketScreener Ratings - China United Network Communications Limited
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
4.310CNY
Average target price
4.430CNY
Spread / Average Target
+2.78%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - China United Network Communications Limited
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