Financials KEDE Numerical Control Co., Ltd.

Equities

688305

CNE100004P81

Industrial Machinery & Equipment

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-06-10 pm EDT			5-day change	1st Jan Change
68.65 ^CNY	+4.05%		+1.21%	-10.20%

Apr. 24	KEDE Numerical Control Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Feb. 21	KEDE Numerical Control Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	9,707	8,246	7,123	6,982	-	-
Enterprise Value (EV) ¹	9,707	8,022	7,123	6,982	6,982	6,982
P/E ratio	114 x	134 x	69.8 x	46.2 x	30.6 x	20 x
Yield	-	-	-	0.57%	0.84%	-
Capitalization / Revenue	38.3 x	26.1 x	15.8 x	10.1 x	6.7 x	4.23 x
EV / Revenue	38.3 x	26.1 x	15.8 x	10.1 x	6.7 x	4.23 x
EV / EBITDA	95.4 x	93.9 x	49.2 x	34.7 x	23.6 x	14.7 x
EV / FCF	-	-123,838,912 x	-	-	-	-
FCF Yield	-	-0%	-	-	-	-
Price to Book	11.9 x	8 x	6.28 x	4.39 x	3.8 x	3.78 x
Nbr of stocks (in thousands)	90,720	93,178	93,178	101,703	-	-
Reference price ²	107.0	88.50	76.45	68.65	68.65	68.65
Announcement Date	2/23/22	2/26/23	2/21/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	253.6	315.4	452.3	693.1	1,042	1,652
EBITDA ¹	-	101.7	87.85	144.8	201.1	296.4	475.8
EBIT ¹	-	82.58	64.93	114.7	169	254.8	387.7
Operating Margin	-	32.56%	20.58%	25.37%	24.38%	24.46%	23.47%
Earnings before Tax (EBT) ¹	-	83.02	65.26	114.7	169.1	254.9	388
Net income ¹	35.23	72.87	60.45	102.1	151.3	227.6	349.2
Net margin	-	28.73%	19.16%	22.58%	21.83%	21.86%	21.14%
EPS ²	0.5178	0.9403	0.6589	1.096	1.485	2.240	3.430
Free Cash Flow	-	-	-66.59	-	-	-	-
FCF margin	-	-	-21.11%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	0.3900	0.5800	-
Announcement Date	4/2/21	2/23/22	2/26/23	2/21/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q3	2022 Q4
Net sales ¹	-	108.8
EBITDA	-	-
EBIT ¹	-	27.6
Operating Margin	-	25.36%
Earnings before Tax (EBT) ¹	-	27.92
Net income ¹	5.907	27.11
Net margin	-	24.91%
EPS ²	0.0600	0.2900
Dividend per Share	-	-
Announcement Date	10/25/22	2/26/23

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	225	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-66.6	-	-	-	-
ROE (net income / shareholders' equity)	-	11%	6.65%	9.43%	10.9%	13.1%	18.9%
ROA (Net income/ Total Assets)	-	8.71%	5.19%	7.2%	8.2%	8.8%	-
Assets ¹	-	836.3	1,165	1,418	1,845	2,587	-
Book Value Per Share ²	-	8.960	11.10	12.20	15.70	18.10	18.10
Cash Flow per Share ²	-	-0.7200	-0.0600	0.4800	-0.0300	1.640	-5.990
Capex ¹	-	67.8	60.6	96.8	185	192	336
Capex / Sales	-	26.75%	19.2%	21.4%	26.68%	18.41%	20.35%
Announcement Date	4/2/21	2/23/22	2/26/23	2/21/24	-	-	-

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

Ratings for KEDE Numerical Control Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

68.65 CNY

Average target price

103.2 CNY

Spread / Average Target

+50.28%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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