Financials Beijing Dynamic Power Co.,LTD

Equities

600405

CNE000001H37

Electrical Components & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
4.25 CNY +0.47% Intraday chart for Beijing Dynamic Power Co.,LTD +9.54% -27.35%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,275 2,621 3,649 4,311 3,159 3,237
Enterprise Value (EV) 1 2,812 3,149 4,101 4,845 3,635 3,697
P/E ratio -8.2 x 237 x -88.3 x -30.6 x -192 x -11.7 x
Yield - - - - - -
Capitalization / Revenue 2.5 x 2.11 x 3 x 4.14 x 2.33 x 3.81 x
EV / Revenue 3.09 x 2.53 x 3.37 x 4.65 x 2.68 x 4.35 x
EV / EBITDA -206 x 17.8 x 33.9 x 99.7 x 23.5 x 1,847 x
EV / FCF -15.4 x 315 x 40.4 x 384 x 41.7 x 32.9 x
FCF Yield -6.49% 0.32% 2.47% 0.26% 2.4% 3.04%
Price to Book 2.12 x 2.47 x 3.52 x 4.82 x 3.63 x 5.33 x
Nbr of stocks (in thousands) 556,165 554,068 551,269 551,269 547,400 553,275
Reference price 2 4.090 4.730 6.620 7.820 5.770 5.850
Announcement Date 4/25/19 4/28/20 4/28/21 4/28/22 4/17/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 909.6 1,245 1,216 1,042 1,356 850.3
EBITDA 1 -13.62 176.6 121 48.61 154.7 2.002
EBIT 1 -142 64.47 6.038 -88.81 30.33 -136.6
Operating Margin -15.61% 5.18% 0.5% -8.52% 2.24% -16.06%
Earnings before Tax (EBT) 1 -277.4 15.38 -46.11 -146.5 -4.636 -277.9
Net income 1 -280.2 11.07 -41.92 -142.4 -16.15 -275.8
Net margin -30.81% 0.89% -3.45% -13.67% -1.19% -32.44%
EPS 2 -0.4990 0.0200 -0.0750 -0.2556 -0.0300 -0.5000
Free Cash Flow 1 -182.4 10.01 101.4 12.62 87.17 112.5
FCF margin -20.06% 0.8% 8.34% 1.21% 6.43% 13.23%
FCF Conversion (EBITDA) - 5.67% 83.86% 25.95% 56.33% 5,618.23%
FCF Conversion (Net income) - 90.42% - - - -
Dividend per Share - - - - - -
Announcement Date 4/25/19 4/28/20 4/28/21 4/28/22 4/17/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 -19.14
Net margin -
EPS 2 -0.0340
Dividend per Share -
Announcement Date 4/28/22
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 537 528 452 534 477 460
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -39.4 x 2.989 x 3.733 x 10.98 x 3.081 x 229.8 x
Free Cash Flow 1 -182 10 101 12.6 87.2 112
ROE (net income / shareholders' equity) -22.6% 0.98% -4.4% -15% -1.56% -37.3%
ROA (Net income/ Total Assets) -3.24% 1.56% 0.15% -2.17% 0.74% -3.62%
Assets 1 8,647 710.1 -28,611 6,565 -2,196 7,622
Book Value Per Share 2 1.930 1.910 1.880 1.620 1.590 1.100
Cash Flow per Share 2 0.2500 0.2000 0.3100 0.2400 0.4000 0.2300
Capex 1 154 95.9 67.2 78.4 73.9 60.6
Capex / Sales 16.97% 7.7% 5.53% 7.53% 5.45% 7.13%
Announcement Date 4/25/19 4/28/20 4/28/21 4/28/22 4/17/23 4/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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