Financials Aecc Aviation Power Co.,Ltd

Equities

600893

CNE000000JW1

Aerospace & Defense

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
34.96 CNY +0.26% Intraday chart for Aecc Aviation Power Co.,Ltd +6.36% -6.47%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 48,777 158,203 169,159 112,701 99,640 93,189 - -
Enterprise Value (EV) 1 43,564 158,203 169,159 112,701 99,640 93,189 93,189 93,189
P/E ratio 45.2 x 121 x 141 x 88.1 x 70.5 x 56.4 x 43.5 x 38.9 x
Yield 0.66% 0.22% 0.21% 0.34% 0.43% 0.51% 0.64% 0.72%
Capitalization / Revenue 1.93 x 5.53 x 4.96 x 3.04 x 2.28 x 1.86 x 1.55 x 1.43 x
EV / Revenue 1.93 x 5.53 x 4.96 x 3.04 x 2.28 x 1.86 x 1.55 x 1.43 x
EV / EBITDA 17.2 x 53.8 x 58.4 x 33.9 x 27.2 x 20.9 x 18 x 16.1 x
EV / FCF 18,413,945 x - 12,299,734 x - - - - -
FCF Yield 0% - 0% - - - - -
Price to Book 1.7 x 4.38 x 4.52 x 2.93 x 2.53 x 2.28 x 2.14 x 2.05 x
Nbr of stocks (in thousands) 2,249,844 2,665,594 2,665,594 2,665,594 2,665,594 2,665,594 - -
Reference price 2 21.68 59.35 63.46 42.28 37.38 34.96 34.96 34.96
Announcement Date 4/17/20 3/30/21 4/8/22 3/30/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 25,210 28,633 34,102 37,097 43,734 50,208 60,081 65,263
EBITDA 1 2,841 2,942 2,896 3,329 3,666 4,465 5,186 5,776
EBIT 1 1,348 1,390 1,306 1,515 1,685 1,949 2,554 2,831
Operating Margin 5.35% 4.85% 3.83% 4.08% 3.85% 3.88% 4.25% 4.34%
Earnings before Tax (EBT) 1 1,346 1,410 1,407 1,557 1,709 1,977 2,590 2,855
Net income 1 1,077 1,146 1,188 1,268 1,421 1,652 2,143 2,392
Net margin 4.27% 4% 3.48% 3.42% 3.25% 3.29% 3.57% 3.66%
EPS 2 0.4800 0.4900 0.4500 0.4800 0.5300 0.6200 0.8033 0.8980
Free Cash Flow 2,649 - 13,753 - - - - -
FCF margin 10.51% - 40.33% - - - - -
FCF Conversion (EBITDA) 93.24% - 474.92% - - - - -
FCF Conversion (Net income) 245.86% - 1,158.03% - - - - -
Dividend per Share 2 0.1440 0.1300 0.1350 0.1450 0.1600 0.1800 0.2225 0.2533
Announcement Date 4/17/20 3/30/21 4/8/22 3/30/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - 8,533 17,426 6,998 13,226 9,709 19,828 8,057
EBITDA - - - - - - - -
EBIT - - - - - - - -
Operating Margin - - - - - - - -
Earnings before Tax (EBT) - - - - - - - -
Net income 637.2 - - - - - - -
Net margin - - - - - - - -
EPS 0.2400 - - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 8/29/23 10/27/23 3/29/24 - - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position 5,213 - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 2,649 - 13,753 - - - - -
ROE (net income / shareholders' equity) 3.97% 3.72% 3.23% 3.34% 3.66% 3.94% 4.96% 5.28%
ROA (Net income/ Total Assets) 1.85% - 1.53% 1.4% - 1.44% 1.69% 1.76%
Assets 1 58,301 - 77,501 90,304 - 114,892 126,628 136,158
Book Value Per Share 2 12.80 13.50 14.10 14.40 14.80 15.30 16.30 17.00
Cash Flow per Share 2 2.260 1.350 6.270 -4.220 -2.530 1.420 2.260 0.8900
Capex 1 2,451 2,583 2,951 2,818 3,298 2,300 2,289 2,190
Capex / Sales 9.72% 9.02% 8.65% 7.6% 7.54% 4.58% 3.81% 3.36%
Announcement Date 4/17/20 3/30/21 4/8/22 3/30/23 3/29/24 - - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
34.96 CNY
Average target price
46.33 CNY
Spread / Average Target
+32.53%
Consensus

Quarterly revenue - Rate of surprise

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