HENGTONG OPTIC-ELECTRIC CO., LTD. Financials Hengtong Optic-Electric Co., Ltd.
Equities
600487
CNE000001FQ9
Communications & Networking
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15 CNY | -1.19% |
|
+3.38% | +25.63% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 30,647 | 32,783 | 35,271 | 36,540 | 29,195 | 36,339 | - | - |
| Enterprise Value (EV) 1 | 36,924 | 35,739 | 38,225 | 39,602 | 34,183 | 39,233 | 39,573 | 39,464 |
| P/E ratio | 22.9 x | 25.4 x | 24.8 x | 22.5 x | 13.7 x | 13.8 x | 11.4 x | 9.4 x |
| Yield | 0.49% | 0.43% | 0.46% | 0.53% | 1.26% | 1.06% | 1.3% | 1.7% |
| Capitalization / Revenue | 0.96 x | 1.01 x | 0.85 x | 0.79 x | 0.61 x | 0.67 x | 0.58 x | 0.54 x |
| EV / Revenue | 1.16 x | 1.1 x | 0.93 x | 0.85 x | 0.72 x | 0.73 x | 0.64 x | 0.58 x |
| EV / EBITDA | 14.9 x | 13.9 x | 13.1 x | 13.5 x | 9.18 x | 8.13 x | 6.93 x | 6.14 x |
| EV / FCF | - | - | - | -23,156,933 x | - | - | - | - |
| FCF Yield | - | - | - | -0% | - | - | - | - |
| Price to Book | - | 1.67 x | 1.74 x | 1.57 x | 1.15 x | 1.32 x | 1.19 x | 1.05 x |
| Nbr of stocks (in thousands) | 1,884,808 | 2,343,305 | 2,332,714 | 2,426,298 | 2,445,181 | 2,422,576 | - | - |
| Reference price 2 | 16.26 | 13.99 | 15.12 | 15.06 | 11.94 | 15.00 | 15.00 | 15.00 |
| Announcement Date | 4/30/20 | 4/28/21 | 4/25/22 | 4/25/23 | 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 | 31,760 | 32,384 | 41,271 | 46,464 | 47,622 | 53,970 | 62,306 | 67,592 |
| EBITDA 1 | 2,478 | 2,563 | 2,910 | 2,940 | 3,725 | 4,824 | 5,714 | 6,425 |
| EBIT 1 | 1,551 | 1,374 | 1,709 | 1,674 | 2,311 | 2,956 | 3,628 | 4,590 |
| Operating Margin | 4.88% | 4.24% | 4.14% | 3.6% | 4.85% | 5.48% | 5.82% | 6.79% |
| Earnings before Tax (EBT) 1 | 1,593 | 1,340 | 1,737 | 1,686 | 2,385 | 2,904 | 3,599 | 4,297 |
| Net income 1 | 1,362 | 1,062 | 1,436 | 1,584 | 2,154 | 2,673 | 3,253 | 3,929 |
| Net margin | 4.29% | 3.28% | 3.48% | 3.41% | 4.52% | 4.95% | 5.22% | 5.81% |
| EPS 2 | 0.7100 | 0.5500 | 0.6100 | 0.6700 | 0.8700 | 1.084 | 1.318 | 1.595 |
| Free Cash Flow | - | - | - | -1,710 | - | - | - | - |
| FCF margin | - | - | - | -3.68% | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0800 | 0.0600 | 0.0700 | 0.0800 | 0.1500 | 0.1583 | 0.1950 | 0.2550 |
| Announcement Date | 4/30/20 | 4/28/21 | 4/25/22 | 4/25/23 | 4/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,348 | 15,470 | 16,914 | 11,459 | 23,214 | 9,352 | 12,754 | 12,547 | 11,812 | 24,358 | 10,867 | 12,310 | 11,924 | 12,520 | 24,445 | 11,785 | 13,618 | 13,476 | 14,078 | 13,446 | 15,986 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 726.2 | - | 874.9 | 96.03 | 876.7 | 403.6 | 621.2 | 706.5 | -57.05 | 649.5 | 435.5 | 903.7 | 592.9 | 378.4 | 971.3 | 596.9 | - | - | - | - | - |
| Operating Margin | 4.44% | - | 5.17% | 0.84% | 3.78% | 4.32% | 4.87% | 5.63% | -0.48% | 2.67% | 4.01% | 7.34% | 4.97% | 3.02% | 3.97% | 5.07% | - | - | - | - | - |
| Earnings before Tax (EBT) | 771.8 | - | 838.2 | - | 889.9 | - | - | - | -30.09 | 666.1 | - | - | - | - | 1,055 | - | - | - | - | - | - |
| Net income | 631.5 | 443.3 | 618.5 | 120.6 | 765.2 | 344.1 | 516.1 | - | 163.9 | 723.4 | - | - | - | - | 904.1 | - | - | - | - | - | - |
| Net margin | 3.86% | 2.87% | 3.66% | 1.05% | 3.3% | 3.68% | 4.05% | - | 1.39% | 2.97% | - | - | - | - | 3.7% | - | - | - | - | - | - |
| EPS 2 | 0.3300 | - | 0.3201 | 0.0600 | 0.3300 | 0.1456 | 0.2100 | 0.2400 | 0.0700 | 0.3100 | 0.1602 | 0.3500 | 0.2200 | 0.1400 | 0.3600 | 0.2080 | 0.2400 | 0.2300 | 0.2200 | 0.2300 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 4/30/20 | 8/30/20 | 4/28/21 | 4/25/22 | 4/25/22 | 4/25/22 | 8/29/22 | 10/28/22 | 4/25/23 | 4/25/23 | 4/25/23 | 8/24/23 | 10/30/23 | 4/25/24 | 4/25/24 | 4/25/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 6,277 | 2,956 | 2,954 | 3,062 | 4,988 | 2,894 | 3,234 | 3,125 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.533 x | 1.153 x | 1.015 x | 1.041 x | 1.339 x | 0.6 x | 0.5661 x | 0.4864 x |
| Free Cash Flow | - | - | - | -1,710 | - | - | - | - |
| ROE (net income / shareholders' equity) | 10.3% | 7.36% | 7.02% | 7.46% | 8.71% | 9.89% | 10.8% | 12.2% |
| ROA (Net income/ Total Assets) | 3.51% | 2.37% | 2.85% | 2.84% | - | 4.34% | 4.98% | 5.68% |
| Assets 1 | 38,851 | 44,857 | 50,471 | 55,677 | - | 61,569 | 65,275 | 69,130 |
| Book Value Per Share 2 | - | 8.370 | 8.690 | 9.610 | 10.40 | 11.40 | 12.60 | 14.20 |
| Cash Flow per Share 2 | 0.8000 | 0.6800 | 0.5800 | 0.3500 | 0.7500 | 1.100 | 1.540 | 2.210 |
| Capex 1 | 3,548 | 1,420 | 2,694 | 2,565 | 2,059 | 1,691 | 1,253 | 1,959 |
| Capex / Sales | 11.17% | 4.38% | 6.53% | 5.52% | 4.32% | 3.13% | 2.01% | 2.9% |
| Announcement Date | 4/30/20 | 4/28/21 | 4/25/22 | 4/25/23 | 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
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
15
CNY
Average target price
16.97
CNY
Spread / Average Target
+13.13%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +25.63% | 5.03B | |
| -4.65% | 195B | |
| +35.83% | 100B | |
| +69.97% | 70.69B | |
| +17.47% | 61.34B | |
| +32.99% | 32.83B | |
| +17.81% | 21.58B | |
| -2.61% | 19.15B | |
| +51.08% | 18.58B | |
| +7.06% | 17.57B |
- Stock Market
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- 600487 Stock
- Financials Hengtong Optic-Electric Co., Ltd.
