Financials Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd.

Equities

603267

CNE100003LG3

Electrical Components & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
34.64 CNY +6.13% Intraday chart for Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. +4.24% -31.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,484 29,805 41,642 23,415 11,611 7,998 - -
Enterprise Value (EV) 1 8,484 29,805 41,642 22,684 11,611 7,998 7,998 7,998
P/E ratio 19.5 x 61.3 x 50.3 x 29.1 x 42.5 x 21 x 11.1 x 12.3 x
Yield - - 0.22% 0.37% 0.7% - - -
Capitalization / Revenue - 17.5 x 17.3 x 9.36 x 6.93 x 3.83 x 2.9 x 2.67 x
EV / Revenue - 17.5 x 17.3 x 9.36 x 6.93 x 3.83 x 2.9 x 2.67 x
EV / EBITDA - - 41.7 x 23.7 x 30.3 x 12.9 x 7.81 x 8.62 x
EV / FCF - - 135,113,325 x - - - - -
FCF Yield - - 0% - - - - -
Price to Book - 11.5 x 12.6 x 5.87 x 2.79 x 1.76 x 1.45 x 1.4 x
Nbr of stocks (in thousands) 231,476 231,476 232,069 231,469 231,292 230,881 - -
Reference price 2 36.65 128.8 179.4 101.2 50.20 34.64 34.64 34.64
Announcement Date 3/19/20 3/25/21 2/23/22 3/17/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 1,700 2,403 2,502 1,676 2,086 2,762 2,991
EBITDA 1 - - 999 988.4 383.6 619.8 1,024 927.5
EBIT 1 - 573.8 966 935.2 312.3 438.7 837.9 746.1
Operating Margin - 33.75% 40.2% 37.38% 18.64% 21.03% 30.33% 24.94%
Earnings before Tax (EBT) 1 - 573.6 965.7 934.4 310.2 436.7 836.3 744
Net income 1 278.7 486.1 826.7 804.6 272.3 383.3 723 653.1
Net margin - 28.59% 34.4% 32.16% 16.25% 18.37% 26.17% 21.83%
EPS 2 1.880 2.100 3.570 3.480 1.180 1.650 3.110 2.810
Free Cash Flow - - 308.2 - - - - -
FCF margin - - 12.83% - - - - -
FCF Conversion (EBITDA) - - 30.85% - - - - -
FCF Conversion (Net income) - - 37.28% - - - - -
Dividend per Share - - 0.3900 0.3700 0.3500 - - -
Announcement Date 3/19/20 3/25/21 2/23/22 3/17/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3 2022 Q4 2023 Q1 2023 Q2
Net sales 1 - 559.4 435.4 544.6
EBITDA - - - -
EBIT 1 - 154 117.9 139.6
Operating Margin - 27.53% 27.07% 25.63%
Earnings before Tax (EBT) 1 - - - 139.4
Net income 1 183 - - 121.3
Net margin - - - 22.27%
EPS 2 0.7900 0.5900 0.4400 0.5200
Dividend per Share 2 - - - -
Announcement Date 10/28/22 3/17/23 4/27/23 8/18/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - 732 - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - 308 - - - - -
ROE (net income / shareholders' equity) - 20.8% 27.5% 22% 6.65% 8.77% 13.1% 12.1%
ROA (Net income/ Total Assets) - 17.6% 22.1% - 5.11% 12% 13% -
Assets 1 - 2,758 3,742 - 5,329 3,194 5,562 -
Book Value Per Share 2 - 11.20 14.20 17.20 18.00 19.70 23.80 24.70
Cash Flow per Share 2 - 0.6600 2.300 1.540 2.000 1.350 1.420 1.940
Capex 1 - 164 225 229 89.5 65.9 70.3 126
Capex / Sales - 9.64% 9.35% 9.14% 5.34% 3.16% 2.55% 4.2%
Announcement Date 3/19/20 3/25/21 2/23/22 3/17/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
34.64 CNY
Average target price
61.45 CNY
Spread / Average Target
+77.40%
Consensus
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