Projected Income Statement: 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 -57,729 -75,630 -98,316
Change - -92.49% 21.58% 12.28% 23.43% -99.83% -31.01% -30%
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 49,568 48,339 48,609
Change - 1.43% 10.18% -5.4% -10.68% -24.77% -2.48% 0.56%
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% 23.13% 23.1% 23.22%
EBIT Margin (%) 5.4% 5.75% 6.12% 5.83% 6.38% 5.74% 5.74% 5.82%
EBT Margin (%) 5.43% 5.74% 6.09% 6.44% 6.45% 5.49% 6% 6.25%
Net margin (%) 1.92% 2.06% 2.2% 2.32% 2.33% 2% 2.12% 2.2%
FCF margin (%) 12.87% 8.71% 7.07% 4.49% 6.51% 11.46% 9.63% 9.33%
FCF / Net Income (%) 669.21% 423.76% 321.44% 193.63% 279.63% 572.97% 454.6% 423.6%

Profitability

        
ROA 1.1% 1.18% 1.25% 1.35% 1.36% 1.25% 1.8% 1.82%
ROE 4.17% 4.67% 5.08% 5.49% 5.39% 6.15% 5.33% 5.51%

Financial Health

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

Capital Intensity

        
CAPEX / Current Assets (%) 21.28% 19.94% 20.93% 18.94% 16.8% 12.66% 12.18% 12.07%
CAPEX / EBITDA (%) 78.37% 77.67% 86.5% 76.51% 75.73% 54.75% 52.71% 51.99%
CAPEX / FCF (%) 165.36% 228.81% 295.86% 421.91% 258.18% 110.52% 126.48% 129.4%

Items per share

        
Cash flow per share 1 3.689 3.198 3.281 2.87 2.924 2.647 2.757 2.989
Change - -13.32% 2.59% -12.53% 1.89% -9.48% 4.19% 8.39%
Dividend per Share 1 0.096 0.0427 0.0524 0.0621 0.0523 0.1595 0.1683 0.1804
Change - -55.52% 22.72% 18.51% -15.78% 205.01% 5.48% 7.21%
Book Value Per Share 1 4.815 4.854 5.002 5.184 5.392 5.478 5.648 5.752
Change - 0.81% 3.06% 3.63% 4.02% 1.6% 3.1% 1.84%
EPS 1 0.206 0.234 0.261 0.292 0.2921 0.2661 0.2784 0.2924
Change - 13.59% 11.54% 11.88% 0.03% -8.89% 4.6% 5.04%
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 16.2x 15.5x
PBR 0.79x 0.76x
EV / Sales 0.2x 0.15x
Yield 3.69% 3.89%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
CCC
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
7
Last Close Price
4.320CNY
Average target price
4.821CNY
Spread / Average Target
+11.61%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. 600050 Stock
  4. Financials China United Network Communications Limited