Financials Loctek Ergonomic Technology Corp.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-06-04 pm EDT			5-day change	1st Jan Change
15.62 ^CNY	-1.14%		-2.07%	-12.79%

May. 14	Loctek Ergonomic Technology Corp. Announces Final Cash Profit Distribution Plan to Be Implemented on A Shares for the Year 2023, Payable on 20 May 2024	CI
May. 10	Loctek Ergonomic Technology Corp. Announces Cash Dividend for the Year 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,065	5,900	6,477	3,867	5,594	4,885	-	-
Enterprise Value (EV) ¹	2,065	5,900	6,477	3,867	5,594	4,885	4,885	4,885
P/E ratio	34.3 x	27.8 x	34.6 x	17.6 x	8.87 x	10.7 x	9.65 x	8.31 x
Yield	-	0.42%	-	-	2.23%	2.65%	2.92%	3.33%
Capitalization / Revenue	-	3.04 x	2.26 x	1.21 x	1.43 x	0.98 x	0.8 x	0.68 x
EV / Revenue	-	3.04 x	2.26 x	1.21 x	1.43 x	0.98 x	0.8 x	0.68 x
EV / EBITDA	-	21.5 x	-	11.3 x	6.21 x	6 x	5.05 x	4.67 x
EV / FCF	-	-	-	-	20.1 x	-13.1 x	9.67 x	9.13 x
FCF Yield	-	-	-	-	4.98%	-7.63%	10.3%	11%
Price to Book	-	5.78 x	3.41 x	1.58 x	1.84 x	1.44 x	1.29 x	1.14 x
Nbr of stocks (in thousands)	235,872	234,734	286,416	310,910	312,358	312,768	-	-
Reference price ²	8.754	25.14	22.62	12.44	17.91	15.62	15.62	15.62
Announcement Date	2/28/20	4/19/21	4/12/22	4/20/23	4/17/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	1,941	2,871	3,208	3,902	4,962	6,081	7,174
EBITDA ¹	-	274.1	-	343.5	901.5	814.4	967.9	1,047
EBIT ¹	-	236.8	190.6	271.3	801.5	564.3	617.6	719.8
Operating Margin	-	12.2%	6.64%	8.45%	20.54%	11.37%	10.16%	10.03%
Earnings before Tax (EBT) ¹	-	235.9	202.4	268.9	765.6	563.1	618.7	727.7
Net income ¹	59.88	217.1	184.7	218.7	633.7	454.9	505.3	588.1
Net margin	-	11.19%	6.43%	6.82%	16.24%	9.17%	8.31%	8.2%
EPS ²	0.2552	0.9053	0.6538	0.7077	2.020	1.456	1.618	1.880
Free Cash Flow ¹	-	-	-	-	278.9	-373	505	535
FCF margin	-	-	-	-	7.15%	-7.52%	8.3%	7.46%
FCF Conversion (EBITDA)	-	-	-	-	30.93%	-	52.18%	51.09%
FCF Conversion (Net income)	-	-	-	-	44.01%	-	99.94%	90.96%
Dividend per Share ²	-	0.1065	-	-	0.4000	0.4133	0.4567	0.5200
Announcement Date	2/28/20	4/19/21	4/12/22	4/20/23	4/17/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	-	279	-373	505	535
ROE (net income / shareholders' equity)	-	24.2%	10.6%	10.7%	23.2%	13.6%	13.4%	13.8%
ROA (Net income/ Total Assets)	-	9.94%	-	-	9.91%	6.39%	6.59%	6.82%
Assets ¹	-	2,185	-	-	6,393	7,118	7,668	8,624
Book Value Per Share ²	-	4.350	6.640	7.890	9.720	10.80	12.10	13.70
Cash Flow per Share ²	-	0.9000	0.9300	1.080	2.620	2.680	2.380	2.460
Capex ¹	-	764	311	537	541	588	426	217
Capex / Sales	-	39.35%	10.83%	16.74%	13.86%	11.84%	7.01%	3.02%
Announcement Date	2/28/20	4/19/21	4/12/22	4/20/23	4/17/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

15.62 CNY

Average target price

23.5 CNY

Spread / Average Target

+50.45%

	1st Jan change	Capi.
LOCTEK ERGONOMIC TECHNOLOGY CORP.	-12.79%	683M
LEGGETT & PLATT, INCORPORATED	-54.18%	1.65B
ZIEL HOME FURNISHING TECHNOLOGY CO., LTD.	+0.17%	1.4B
LUOLAI LIFESTYLE TECHNOLOGY CO., LTD.	-5.81%	1.01B
SHANGHAI SHUIXING HOME TEXTILE CO., LTD.	+34.01%	706M
VICTORIAN PLUMBING GROUP PLC	-2.73%	382M
DER FUTURE SCIENCE AND TECHNOLOGY HOLDING GROUP CO., LTD.	-33.88%	381M
ZHEJIANG ZHENGTE CO., LTD.	-13.66%	324M
DEXELANCE S.P.A.	+3.73%	304M
DONGGUAN HUALI INDUSTRIES CO.,LTD	-15.50%	285M