Financials Ningbo Yongxin Optics Co.,Ltd

Equities

603297

CNE100003J23

Office Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-05-22 pm EDT 5-day change 1st Jan Change
69.09 CNY -2.42% Intraday chart for Ningbo Yongxin Optics Co.,Ltd -2.62% -30.46%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,795 3,993 13,378 9,171 11,045 7,681 - -
Enterprise Value (EV) 1 3,795 3,993 12,793 8,938 10,267 7,300 7,200 7,681
P/E ratio - 24.6 x 50.9 x 32.8 x 46.4 x 24.3 x 18.9 x 14.7 x
Yield - 1.47% 0.74% 1.16% 0.96% 1.38% 1.52% 1.67%
Capitalization / Revenue 6.62 x 6.93 x 16.8 x 11.1 x 12.9 x 6.67 x 4.96 x 3.88 x
EV / Revenue 6.62 x 6.93 x 16.1 x 10.8 x 12 x 6.34 x 4.65 x 3.88 x
EV / EBITDA 21.6 x 29.5 x 39.4 x 26.8 x 35.8 x 21.8 x 16.8 x 13.8 x
EV / FCF - - 65,519,876 x 119,592,110 x 75,269,402 x - - -
FCF Yield - - 0% 0% 0% - - -
Price to Book 3.36 x 3.17 x 9.06 x 5.5 x 6.09 x 3.71 x 3.17 x 2.74 x
Nbr of stocks (in thousands) 109,200 110,530 110,495 110,478 111,171 111,170 - -
Reference price 2 34.75 36.13 121.1 83.01 99.35 69.09 69.09 69.09
Announcement Date 4/28/20 4/13/21 3/3/22 4/24/23 4/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 573 576.4 795.1 829.1 854.1 1,151 1,550 1,980
EBITDA 1 175.5 135.5 324.4 333.1 286.7 334.3 428.9 554.8
EBIT 1 159.7 184 303.1 308.8 252.4 344.9 457.1 572.7
Operating Margin 27.87% 31.92% 38.12% 37.25% 29.55% 29.97% 29.49% 28.92%
Earnings before Tax (EBT) 1 - 186 304.5 308 251.8 345.4 446.7 573.7
Net income 1 - 161.7 261.5 279 235.4 317.6 406.9 523.4
Net margin - 28.05% 32.89% 33.65% 27.55% 27.59% 26.25% 26.43%
EPS 2 - 1.470 2.380 2.530 2.140 2.844 3.657 4.710
Free Cash Flow - - 195.3 74.74 136.4 - - -
FCF margin - - 24.56% 9.01% 15.97% - - -
FCF Conversion (EBITDA) - - 60.19% 22.43% 47.58% - - -
FCF Conversion (Net income) - - 74.68% 26.79% 57.96% - - -
Dividend per Share 2 - 0.5300 0.9000 0.9600 0.9550 0.9500 1.052 1.153
Announcement Date 4/28/20 4/13/21 3/3/22 4/24/23 4/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 214.1 - 221.3 417.2 - - - - 463.4 - - - -
EBITDA - - - - - - - - - - - - -
EBIT 53.64 - 80.84 152.9 - - - - 126.9 - - - -
Operating Margin 25.05% - 36.53% 36.64% - - - - 27.38% - - - -
Earnings before Tax (EBT) 53.81 - 80.09 152.1 - - - - 126.5 - - - -
Net income 43.59 - 80.09 142.3 - - - - 119.5 - - - -
Net margin 20.36% - 36.19% 34.1% - - - - 25.78% - - - -
EPS 1 0.4300 0.5600 0.7400 1.300 0.4300 0.6200 0.5200 0.5700 1.090 0.4100 0.5700 0.5500 0.7400
Dividend per Share - - - - - - - - - - - - -
Announcement Date 3/3/22 10/30/22 4/24/23 4/24/23 4/24/23 8/28/23 10/30/23 4/26/24 4/26/24 4/26/24 - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - 584 233 778 381 481 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - 195 74.7 136 - - -
ROE (net income / shareholders' equity) 12.9% 13.6% 19.2% 17.9% 13.6% 15.4% 17.2% 18.7%
ROA (Net income/ Total Assets) 11.5% 11.9% 16.2% 14.6% - 13.2% 14.4% 14.8%
Assets 1 - 1,364 1,618 1,913 - 2,404 2,829 3,543
Book Value Per Share 2 10.30 11.40 13.40 15.10 16.30 18.60 21.80 25.20
Cash Flow per Share 2 1.210 1.710 1.570 1.960 1.970 2.020 2.970 2.900
Capex 1 84.1 57.7 72.2 141 82.6 70.8 72.3 57.5
Capex / Sales 14.68% 10.01% 9.08% 17.05% 9.67% 6.15% 4.67% 2.9%
Announcement Date 4/28/20 4/13/21 3/3/22 4/24/23 4/26/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
69.09 CNY
Average target price
91.33 CNY
Spread / Average Target
+32.19%
Consensus
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