Financials Beijing Zhong Ke San Huan High-Tech Co., Ltd.

Equities

000970

CNE000001261

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
8.68 CNY -1.36% Intraday chart for Beijing Zhong Ke San Huan High-Tech Co., Ltd. -6.16% -16.14%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,451 10,066 17,096 16,582 12,583 10,552 - -
Enterprise Value (EV) 1 11,451 10,066 17,096 16,582 12,583 10,552 10,552 10,552
P/E ratio 56.6 x 77.8 x 42.9 x 19.2 x 45.7 x 39.5 x 32.1 x 21.2 x
Yield 0.47% 0.53% 0.5% 0.73% 0.48% 0.92% - -
Capitalization / Revenue 2.84 x 2.16 x 2.39 x 1.71 x 1.51 x 1.13 x 1.06 x 0.95 x
EV / Revenue 2.84 x 2.16 x 2.39 x 1.71 x 1.51 x 1.13 x 1.06 x 0.95 x
EV / EBITDA 25.5 x 29.4 x 23 x 11.6 x 19.8 x 18 x 15.5 x 11.1 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.51 x 2.17 x 3.43 x 2.58 x 1.91 x 1.54 x 1.47 x 1.37 x
Nbr of stocks (in thousands) 1,065,200 1,065,200 1,065,200 1,215,726 1,215,726 1,215,726 - -
Reference price 2 10.75 9.450 16.05 13.64 10.35 8.680 8.680 8.680
Announcement Date 4/14/20 3/19/21 3/25/22 3/29/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,035 4,652 7,146 9,716 8,358 9,336 9,965 11,157
EBITDA 1 449.7 342.3 742 1,433 635.9 586.6 681.4 948
EBIT 1 332.3 217 607.9 1,275 467.2 423.1 522.6 792.8
Operating Margin 8.24% 4.66% 8.51% 13.12% 5.59% 4.53% 5.24% 7.11%
Earnings before Tax (EBT) 1 332.5 212.5 607 1,274 464.2 421.4 520.3 790.8
Net income 1 201 129.3 398.9 847.9 275.3 268.6 331.7 504.1
Net margin 4.98% 2.78% 5.58% 8.73% 3.29% 2.88% 3.33% 4.52%
EPS 2 0.1900 0.1214 0.3745 0.7121 0.2265 0.2200 0.2700 0.4100
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0500 0.0500 0.0800 0.1000 0.0500 0.0800 - -
Announcement Date 4/14/20 3/19/21 3/25/22 3/29/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 4.45% 2.8% 8.29% 15.5% 4.23% 4% 4.72% 6.77%
ROA (Net income/ Total Assets) 3.13% 1.91% 4.88% - - 6.9% - -
Assets 1 6,428 6,781 8,179 - - 3,893 - -
Book Value Per Share 2 4.290 4.350 4.680 5.290 5.420 5.640 5.910 6.330
Cash Flow per Share 2 0.5000 0.1500 -0.6100 -0.3200 1.180 0.6000 0.5000 1.150
Capex 1 237 250 338 559 418 194 133 229
Capex / Sales 5.86% 5.38% 4.73% 5.76% 5% 2.08% 1.34% 2.06%
Announcement Date 4/14/20 3/19/21 3/25/22 3/29/23 3/27/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
8.68 CNY
Average target price
11 CNY
Spread / Average Target
+26.73%
Consensus

Annual profits - Rate of surprise

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