Financials Lucky Harvest Co., Ltd.

Equities

002965

CNE100003Q40

Auto, Truck & Motorcycle Parts

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-30 pm EDT			5-day change	1st Jan Change
35.12 ^CNY	+3.23%		+1.53%	-14.70%

May. 22	Lucky Harvest Co., Ltd. Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 29 May 2024	CI
Apr. 29	Lucky Harvest Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,839	3,872	10,378	7,339	7,173	-	-
Enterprise Value (EV) ¹	4,839	3,872	10,378	7,339	7,173	7,173	7,173
P/E ratio	29.9 x	59.3 x	40.3 x	17.9 x	11.1 x	7.56 x	7.45 x
Yield	-	-	-	1.46%	2.9%	3.99%	-
Capitalization / Revenue	-	-	2.42 x	1.29 x	0.89 x	0.7 x	0.64 x
EV / Revenue	-	-	2.42 x	1.29 x	0.89 x	0.7 x	0.64 x
EV / EBITDA	-	-	29.6 x	13.3 x	9.09 x	6.5 x	6.22 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	-	3.81 x	2.36 x	1.74 x	1.46 x	1.25 x
Nbr of stocks (in thousands)	150,700	153,471	178,288	178,250	204,242	-	-
Reference price ²	32.11	25.23	58.21	41.17	35.12	35.12	35.12
Announcement Date	4/15/21	4/21/22	4/24/23	4/12/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	-	4,289	5,703	8,072	10,179	11,295
EBITDA ¹	-	-	350.9	551	789.1	1,104	1,153
EBIT ¹	-	-	279.8	455.1	692.6	943	1,030
Operating Margin	-	-	6.52%	7.98%	8.58%	9.26%	9.12%
Earnings before Tax (EBT) ¹	-	-	277.8	303.7	695	944.3	1,034
Net income ¹	161.6	64.08	256.6	406.7	647.8	880.6	963.5
Net margin	-	-	5.98%	7.13%	8.03%	8.65%	8.53%
EPS ²	1.072	0.4252	1.444	2.304	3.170	4.648	4.715
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	0.6000	1.020	1.400	-
Announcement Date	4/15/21	4/21/22	4/24/23	4/12/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1	2023 Q2
Net sales	-	-
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income ¹	75.97	86
Net margin	-	-
EPS ²	0.4950	0.4824
Dividend per Share	-	-
Announcement Date	8/24/22	8/21/23

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	11.5%	14%	17.1%	19.6%	17.4%
ROA (Net income/ Total Assets)	-	-	-	-	7.66%	8.63%	-
Assets ¹	-	-	-	-	8,462	10,204	-
Book Value Per Share ²	-	-	15.30	17.40	20.20	24.10	28.10
Cash Flow per Share ²	-	-	0.8300	2.060	2.510	3.570	5.480
Capex ¹	-	-	373	238	279	317	232
Capex / Sales	-	-	8.7%	4.17%	3.46%	3.12%	2.06%
Announcement Date	4/15/21	4/21/22	4/24/23	4/12/24	-	-	-

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 Lucky Harvest Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

35.12 CNY

Average target price

63.12 CNY

Spread / Average Target

+79.71%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

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