Financials FIYTA Precision Technology Co., Ltd. Shenzhen S.E.

Equities

200026

CNE000000883

Apparel & Accessories

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
7.11 HKD -0.56% Intraday chart for FIYTA Precision Technology Co., Ltd. -1.39% -6.45%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,946 4,467 4,397 4,713 4,124 4,298
Enterprise Value (EV) 1 3,333 4,721 4,589 4,920 4,212 4,153
P/E ratio 17.4 x 22.4 x 16.9 x 13.1 x 16.3 x 13.6 x
Yield 2.75% 1.8% 3.57% 2.53% 2.39% 3.65%
Capitalization / Revenue 0.87 x 1.21 x 1.04 x 0.9 x 0.95 x 0.94 x
EV / Revenue 0.98 x 1.27 x 1.08 x 0.94 x 0.97 x 0.91 x
EV / EBITDA 11.3 x 14.2 x 10.9 x 8.81 x 11 x 8.4 x
EV / FCF 39.4 x 29.4 x 34.8 x 14.7 x 14.2 x 10.9 x
FCF Yield 2.54% 3.4% 2.87% 6.8% 7.02% 9.2%
Price to Book 1.24 x 1.81 x 1.7 x 1.68 x 1.39 x 1.33 x
Nbr of stocks (in thousands) 438,745 442,969 413,624 426,161 417,628 407,999
Reference price 2 7.290 11.09 11.43 11.85 10.44 10.96
Announcement Date 3/14/19 3/19/20 3/9/21 3/9/22 3/17/23 3/13/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,400 3,704 4,243 5,244 4,354 4,570
EBITDA 1 295.1 333.4 421.9 558.7 382 494.2
EBIT 1 246.1 286.7 378 514.2 339.6 450.6
Operating Margin 7.24% 7.74% 8.91% 9.81% 7.8% 9.86%
Earnings before Tax (EBT) 1 231.2 276.2 373.5 502.3 339.1 437
Net income 1 183.8 215.9 294.1 387.8 266.7 333.2
Net margin 5.41% 5.83% 6.93% 7.4% 6.12% 7.29%
EPS 2 0.4190 0.4943 0.6764 0.9036 0.6398 0.8075
Free Cash Flow 1 84.58 160.5 131.8 334.5 295.6 382.2
FCF margin 2.49% 4.33% 3.11% 6.38% 6.79% 8.36%
FCF Conversion (EBITDA) 28.66% 48.14% 31.23% 59.88% 77.39% 77.33%
FCF Conversion (Net income) 46.01% 74.34% 44.8% 86.25% 110.86% 114.7%
Dividend per Share 2 0.2008 0.2000 0.4084 0.3000 0.2500 0.4000
Announcement Date 3/14/19 3/19/20 3/9/21 3/9/22 3/17/23 3/13/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 387 254 192 207 87.6 -
Net Cash position 1 - - - - - 145
Leverage (Debt/EBITDA) 1.312 x 0.7611 x 0.4541 x 0.3701 x 0.2292 x -
Free Cash Flow 1 84.6 161 132 335 296 382
ROE (net income / shareholders' equity) 7.3% 8.26% 10.8% 13.3% 8.67% 10.3%
ROA (Net income/ Total Assets) 4.29% 4.87% 6.07% 7.91% 5.16% 6.77%
Assets 1 4,290 4,435 4,843 4,905 5,169 4,922
Book Value Per Share 2 5.860 6.130 6.740 7.070 7.510 8.210
Cash Flow per Share 2 0.3800 0.7400 0.8600 0.5000 0.7600 1.240
Capex 1 147 167 134 204 114 91.1
Capex / Sales 4.32% 4.5% 3.15% 3.9% 2.62% 1.99%
Announcement Date 3/14/19 3/19/20 3/9/21 3/9/22 3/17/23 3/13/24
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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