Financials AVIC Airborne Systems Co., Ltd.

Equities

600372

CNE0000018C0

Aerospace & Defense

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
12.1 CNY +2.28% Intraday chart for AVIC Airborne Systems Co., Ltd. +1.17% -8.19%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 24,957 37,685 42,940 30,627 63,777 58,551 - -
Enterprise Value (EV) 1 28,351 37,591 43,396 33,418 63,777 58,551 58,551 58,551
P/E ratio 45.1 x 56.1 x 53.8 x 35.1 x 30.2 x 28.5 x 23.1 x 19.7 x
Yield 0.42% 0.51% 0.56% - 0.96% 1.03% 1.07% 1.12%
Capitalization / Revenue 2.99 x 4.31 x 4.36 x 2.74 x 2.2 x 2.05 x 1.77 x 1.67 x
EV / Revenue 2.99 x 4.31 x 4.36 x 2.74 x 2.2 x 2.05 x 1.77 x 1.67 x
EV / EBITDA 24.6 x 34.2 x 32.2 x 19.7 x 17.2 x 12.5 x 11.9 x 9.21 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 3.2 x 3.57 x 3.82 x 2.53 x 1.77 x 1.57 x 1.54 x 1.43 x
Nbr of stocks (in thousands) 1,752,626 1,917,799 1,917,799 1,917,799 4,838,897 4,838,897 - -
Reference price 2 14.24 19.65 22.39 15.97 13.18 12.10 12.10 12.10
Announcement Date 3/30/20 3/30/21 3/30/22 3/15/23 3/15/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,352 8,747 9,839 11,186 29,007 28,523 33,063 35,045
EBITDA 1 1,013 1,103 1,335 1,553 3,698 4,684 4,927 6,354
EBIT 1 607.2 731.4 881.7 927 2,230 2,445 2,940 3,540
Operating Margin 7.27% 8.36% 8.96% 8.29% 7.69% 8.57% 8.89% 10.1%
Earnings before Tax (EBT) 1 631.1 719.5 881.1 925.7 2,257 2,454 2,949 3,550
Net income 1 556 630.8 798.7 871.9 1,886 2,056 2,540 2,976
Net margin 6.66% 7.21% 8.12% 7.79% 6.5% 7.21% 7.68% 8.49%
EPS 2 0.3160 0.3501 0.4165 0.4546 0.4370 0.4250 0.5233 0.6150
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0600 0.1000 0.1250 - 0.1260 0.1250 0.1300 0.1350
Announcement Date 3/30/20 3/30/21 3/30/22 3/15/23 3/15/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2025 Q1 2025 Q2
Net sales 1 2,902 2,346 2,841 2,713 3,286 2,467 11,514 - 8,276 5,643 2,746 12,816
EBITDA 252.8 - - - - - - - - - - -
EBIT 229.4 231.2 336.1 175.1 184.6 240.3 1,074 - - - - -
Operating Margin 7.91% 9.86% 11.83% 6.45% 5.62% 9.74% 9.33% - - - - -
Earnings before Tax (EBT) 225.3 235.2 333.4 175.3 181.8 241 1,077 - - - - -
Net income 223.6 201.3 318.7 175.1 176.9 210.8 813.6 625.7 - - - -
Net margin 7.7% 8.58% 11.22% 6.45% 5.38% 8.55% 7.07% - - - - -
EPS 0.1200 0.1044 0.1700 0.0900 0.0900 0.1099 0.1600 0.1283 - - - -
Dividend per Share 0.1250 - - - - - - - - - - -
Announcement Date 3/30/22 4/30/22 8/30/22 10/28/22 3/15/23 4/29/23 8/22/23 10/24/23 3/15/24 4/26/24 - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 3,393 - 456 2,790 - - - -
Net Cash position - 93.3 - - - - - -
Leverage (Debt/EBITDA) 3.35 x - 0.3419 x 1.797 x - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 7.11% 7.77% 7.31% 7.44% 6.15% 5.15% 6.37% 6.66%
ROA (Net income/ Total Assets) 2.51% 2.66% - - - 2.53% 2.96% 3.23%
Assets 1 22,170 23,705 - - - 81,245 85,817 92,295
Book Value Per Share 2 4.460 5.510 5.860 6.320 7.460 7.700 7.870 8.470
Cash Flow per Share 2 0.4200 0.4200 0.8100 -0.4100 -0.2100 1.340 0.1700 0.7200
Capex 1 768 874 818 507 1,417 5,765 5,762 5,762
Capex / Sales 9.19% 9.99% 8.31% 4.53% 4.89% 20.21% 17.43% 16.44%
Announcement Date 3/30/20 3/30/21 3/30/22 3/15/23 3/15/24 - - -
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
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
12.1
Average target price
-
Consensus
  1. Stock Market
  2. Equities
  3. 600372 Stock
  4. Financials AVIC Airborne Systems Co., Ltd.