HOYMILES POWER ELECTRONICS INC. Financials Hoymiles Power Electronics Inc.
Equities
688032
CNE1000055R8
Electrical Components & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 227.2 CNY | +0.12% |
|
-9.78% | -15.86% |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 28,160 | 52,480 | 22,428 | 18,837 | - | - |
| Enterprise Value (EV) 1 | 28,160 | 47,198 | 17,636 | 14,253 | 14,132 | 14,582 |
| P/E ratio | 105 x | 98.5 x | 43.2 x | 28.7 x | 21.6 x | 16.6 x |
| Yield | 0.43% | 0.57% | 1.33% | 1.63% | 2.1% | 2.8% |
| Capitalization / Revenue | 35.4 x | 34.2 x | 11.1 x | 6.49 x | 4.57 x | 3.36 x |
| EV / Revenue | 35.4 x | 30.7 x | 8.71 x | 4.91 x | 3.43 x | 2.6 x |
| EV / EBITDA | 122 x | 75.5 x | 28.4 x | 22 x | 15.5 x | 12 x |
| EV / FCF | - | -1,077 x | -67 x | 317 x | 353 x | - |
| FCF Yield | - | -0.09% | -1.49% | 0.32% | 0.28% | - |
| Price to Book | 47 x | 8.19 x | 3.52 x | 2.81 x | 2.62 x | 2.39 x |
| Nbr of stocks (in thousands) | 83,440 | 83,440 | 83,068 | 82,918 | - | - |
| Reference price 2 | 337.5 | 629.0 | 270.0 | 227.2 | 227.2 | 227.2 |
| Announcement Date | 2/25/22 | 2/27/23 | 2/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 795.2 | 1,537 | 2,026 | 2,900 | 4,124 | 5,610 |
| EBITDA 1 | - | 230.7 | 625 | 621.2 | 648.9 | 910.2 | 1,212 |
| EBIT 1 | - | 222.4 | 612.1 | 598.7 | 705.7 | 1,116 | 1,238 |
| Operating Margin | - | 27.97% | 39.84% | 29.55% | 24.33% | 27.05% | 22.07% |
| Earnings before Tax (EBT) 1 | - | 224.6 | 612.7 | 599.6 | 760 | 1,159 | 1,309 |
| Net income 1 | 104.1 | 201.7 | 532.6 | 519.9 | 660.2 | 1,007 | 1,139 |
| Net margin | - | 25.37% | 34.66% | 25.66% | 22.76% | 24.42% | 20.3% |
| EPS 2 | 1.663 | 3.221 | 6.383 | 6.250 | 7.924 | 10.54 | 13.67 |
| Free Cash Flow 1 | - | - | -43.81 | -263 | 45 | 40 | - |
| FCF margin | - | - | -2.85% | -12.98% | 1.55% | 0.97% | - |
| FCF Conversion (EBITDA) | - | - | - | - | 6.93% | 4.39% | - |
| FCF Conversion (Net income) | - | - | - | - | 6.82% | 3.97% | - |
| Dividend per Share 2 | - | 1.438 | 3.557 | 3.600 | 3.713 | 4.770 | 6.363 |
| Announcement Date | 8/13/21 | 2/25/22 | 2/27/23 | 2/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 422.4 | 600.4 | - | 484.6 | 343.1 | 618 | - | 615.3 | 769.1 | 1,361 | - | - |
| EBITDA 1 | - | 152 | - | - | - | - | - | - | 106.5 | 129.4 | 237.9 | - | - |
| EBIT 1 | - | 184.6 | 194.4 | - | 192.8 | 76.12 | 129.9 | - | 91.92 | 114.9 | 223.4 | - | - |
| Operating Margin | - | 43.7% | 32.38% | - | 39.79% | 22.19% | 21.02% | - | 14.94% | 14.94% | 16.42% | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | 192.7 | 76.59 | 129.7 | - | 138 | 172.5 | 315.4 | - | - |
| Net income 1 | 201.8 | 160.3 | - | 176.3 | 172.2 | 66.96 | 104.5 | 67.3 | 119.1 | 148.9 | 260.2 | - | - |
| Net margin | - | 37.95% | - | - | 35.53% | 19.52% | 16.91% | - | 19.36% | 19.36% | 19.12% | - | - |
| EPS 2 | - | 1.919 | 2.040 | - | 2.066 | 0.8100 | 1.260 | - | 1.429 | 1.787 | 3.123 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | 2.859 | - | - |
| Announcement Date | 8/29/22 | 10/26/22 | 2/27/23 | 4/26/23 | 8/30/23 | 10/29/23 | 2/25/24 | 4/28/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 5,283 | 4,792 | 4,583 | 4,705 | 4,254 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | -43.8 | -263 | 45 | 40 | - |
| ROE (net income / shareholders' equity) | - | 6.34% | 8.61% | 8.1% | 9.96% | 13.5% | 14.6% |
| ROA (Net income/ Total Assets) | - | 5.5% | - | - | 8.6% | 9.35% | 11.5% |
| Assets 1 | - | 3,671 | - | - | 7,677 | 10,771 | 9,948 |
| Book Value Per Share 2 | - | 7.170 | 76.80 | 76.80 | 80.90 | 86.80 | 95.10 |
| Cash Flow per Share 2 | - | 1.800 | 5.110 | 0.4900 | 5.500 | 7.150 | 9.090 |
| Capex 1 | - | 43.4 | 470 | 304 | 193 | 188 | 219 |
| Capex / Sales | - | 5.46% | 30.58% | 14.99% | 6.67% | 4.57% | 3.9% |
| Announcement Date | 8/13/21 | 2/25/22 | 2/27/23 | 2/25/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
227.2
CNY
Average target price
273.7
CNY
Spread / Average Target
+20.47%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -15.86% | 2.6B | |
| +2.57% | 152B | |
| +23.45% | 138B | |
| +30.50% | 130B | |
| +9.63% | 62.37B | |
| +0.87% | 38.47B | |
| +90.56% | 35.98B | |
| -17.89% | 29.41B | |
| +33.91% | 28.33B | |
| +3.61% | 28.05B |
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- Financials Hoymiles Power Electronics Inc.
