BEIJING EASPRING MATERIAL TECHNOLOGY CO.,LTD. Financials Beijing Easpring Material Technology CO.,LTD.
Equities
300073
CNE100000NN1
Electrical Components & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 45.74 CNY | -1.38% |
|
-12.89% | +19.74% |
| Apr. 26 | Easpring Material Technology's Profit Drops 74%, Operating Income Slumps 68% in Q1 2024 | MT |
| Apr. 25 | Beijing Easpring Material Technology CO.,LTD. Announces Board Elections | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,923 | 28,321 | 44,000 | 28,567 | 19,348 | 23,167 | - | - |
| Enterprise Value (EV) 1 | 9,782 | 26,595 | 39,688 | 23,411 | 13,747 | 17,684 | 17,387 | 17,679 |
| P/E ratio | -57 x | 73.6 x | 36.5 x | 12.6 x | 10.1 x | 28 x | 13 x | 13.4 x |
| Yield | - | 0.25% | 0.49% | 1.18% | 1.97% | 1.14% | 1.3% | 1.84% |
| Capitalization / Revenue | 5.22 x | 8.9 x | 5.33 x | 1.34 x | 1.28 x | 2.16 x | 1.24 x | 1.41 x |
| EV / Revenue | 4.28 x | 8.35 x | 4.81 x | 1.1 x | 0.91 x | 1.65 x | 0.93 x | 1.08 x |
| EV / EBITDA | -66.2 x | 50.2 x | 29.1 x | 8.66 x | 5.58 x | 13.8 x | 7.06 x | 6.9 x |
| EV / FCF | -101 x | 225 x | 277 x | 535 x | -126 x | 82.2 x | 21.4 x | 15.4 x |
| FCF Yield | -0.99% | 0.45% | 0.36% | 0.19% | -0.79% | 1.22% | 4.66% | 6.49% |
| Price to Book | 3.94 x | 7.43 x | 4.66 x | 2.49 x | 1.48 x | 1.7 x | 1.44 x | 1.46 x |
| Nbr of stocks (in thousands) | 436,723 | 436,723 | 506,501 | 506,501 | 506,501 | 506,501 | - | - |
| Reference price 2 | 27.30 | 64.85 | 86.87 | 56.40 | 38.20 | 45.74 | 45.74 | 45.74 |
| Announcement Date | 2/28/20 | 3/22/21 | 3/9/22 | 3/14/23 | 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 | 2,284 | 3,183 | 8,258 | 21,264 | 15,127 | 10,710 | 18,724 | 16,414 |
| EBITDA 1 | -147.7 | 530 | 1,364 | 2,702 | 2,464 | 1,282 | 2,462 | 2,563 |
| EBIT 1 | -201.4 | 451.6 | 1,241 | 2,539 | 2,221 | 1,144 | 2,322 | 2,037 |
| Operating Margin | -8.82% | 14.19% | 15.02% | 11.94% | 14.68% | 10.68% | 12.4% | 12.41% |
| Earnings before Tax (EBT) 1 | -198.8 | 453 | 1,249 | 2,538 | 2,251 | 924.6 | 2,025 | 1,774 |
| Net income 1 | -209 | 384.9 | 1,091 | 2,259 | 1,924 | 813.3 | 1,781 | 1,720 |
| Net margin | -9.15% | 12.09% | 13.21% | 10.62% | 12.72% | 7.59% | 9.51% | 10.48% |
| EPS 2 | -0.4787 | 0.8813 | 2.382 | 4.459 | 3.799 | 1.636 | 3.528 | 3.425 |
| Free Cash Flow 1 | -96.49 | 118.4 | 143.2 | 43.75 | -109.2 | 215 | 811 | 1,148 |
| FCF margin | -4.22% | 3.72% | 1.73% | 0.21% | -0.72% | 2.01% | 4.33% | 6.99% |
| FCF Conversion (EBITDA) | - | 22.34% | 10.5% | 1.62% | - | 16.77% | 32.94% | 44.78% |
| FCF Conversion (Net income) | - | 30.76% | 13.13% | 1.94% | - | 26.44% | 45.54% | 66.74% |
| Dividend per Share 2 | - | 0.1650 | 0.4240 | 0.6680 | 0.7520 | 0.5204 | 0.5928 | 0.8398 |
| Announcement Date | 2/28/20 | 3/22/21 | 3/9/22 | 3/14/23 | 3/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,086 | 3,842 | 5,271 | 4,974 | 7,177 | - | 4,142 | 2,584 | 1,517 | 3,332 | 3,233 | 2,694 | - | - |
| EBITDA 1 | 561.3 | 495.8 | 495.8 | 645.3 | - | - | - | - | - | 356.5 | 315.4 | 275.5 | - | - |
| EBIT | 383.3 | 457.5 | 620.4 | 665.7 | 795.2 | - | 670.5 | 428.2 | 124.6 | - | - | - | - | - |
| Operating Margin | 12.42% | 11.91% | 11.77% | 13.38% | 11.08% | - | 16.19% | 16.57% | 8.21% | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 390.2 | 459.1 | 621.5 | 666.8 | 790.7 | - | 671.1 | 456.4 | 125 | 317.1 | 280.9 | 241 | - | - |
| Net income 1 | 363.5 | 387 | 525.2 | 565.9 | 780.5 | - | 566 | 432.7 | 110.4 | 295.1 | 257.6 | 221 | - | - |
| Net margin | 11.78% | 10.07% | 9.96% | 11.38% | 10.88% | - | 13.67% | 16.75% | 7.28% | 8.85% | 7.97% | 8.2% | - | - |
| EPS 2 | 0.7790 | 0.7641 | 1.040 | 1.120 | 1.540 | - | 1.110 | 0.8600 | 0.2179 | 0.5825 | 0.5087 | 0.4364 | - | - |
| Dividend per Share 2 | 0.4240 | - | - | - | - | - | - | - | - | - | - | 0.7520 | - | - |
| Announcement Date | 3/9/22 | 4/26/22 | 8/29/22 | 10/23/22 | 3/14/23 | 8/22/23 | 10/24/23 | 3/29/24 | 4/24/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 2,140 | 1,727 | 4,312 | 5,156 | 5,602 | 5,484 | 5,781 | 5,488 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -96.5 | 118 | 143 | 43.8 | -109 | 215 | 811 | 1,148 |
| ROE (net income / shareholders' equity) | -6.62% | 12% | 23.2% | 21.6% | 15.7% | 6.05% | 11.8% | 10.2% |
| ROA (Net income/ Total Assets) | -4.65% | 7.31% | 10.7% | - | - | 3.85% | 7.84% | 7.47% |
| Assets 1 | 4,494 | 5,265 | 10,209 | - | - | 21,124 | 22,705 | 23,015 |
| Book Value Per Share 2 | 6.920 | 8.730 | 18.70 | 22.70 | 25.80 | 26.90 | 31.80 | 31.40 |
| Cash Flow per Share 2 | 0.8000 | 1.510 | 1.660 | 2.290 | 2.410 | 6.650 | 4.340 | 3.800 |
| Capex 1 | 444 | 543 | 618 | 1,117 | 1,331 | 1,235 | 1,048 | 1,039 |
| Capex / Sales | 19.43% | 17.05% | 7.49% | 5.25% | 8.8% | 11.53% | 5.6% | 6.33% |
| Announcement Date | 2/28/20 | 3/22/21 | 3/9/22 | 3/14/23 | 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-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
45.74
CNY
Average target price
45.88
CNY
Spread / Average Target
+0.32%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +19.74% | 3.2B | |
| +21.57% | 120B | |
| -12.98% | 63.24B | |
| -13.45% | 19.67B | |
| +8.86% | 17.62B | |
| -18.06% | 16.74B | |
| -14.00% | 10.22B | |
| -15.30% | 4.48B | |
| -12.28% | 4.03B | |
| +7.52% | 4.03B |
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