FSPG HI-TECH CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.13 CNY | -0.72% |
|
+1.98% | -15.54% |
| Apr. 26 | FSPG Hi-Tech CO., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Mar. 25 | FSPG Hi-Tech CO., Ltd. Proposes Final Dividend for the Year 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,105 | 4,489 | 4,499 | 4,982 | 4,266 | 4,731 |
| Enterprise Value (EV) 1 | 3,199 | 5,132 | 4,734 | 5,050 | 3,954 | 4,254 |
| P/E ratio | 26.8 x | 116 x | 66.4 x | 40.9 x | 31.3 x | 22.1 x |
| Yield | - | 0.65% | 0.65% | 0.74% | 0.98% | 1.37% |
| Capitalization / Revenue | 1.1 x | 1.58 x | 1.96 x | 2.03 x | 1.62 x | 2.14 x |
| EV / Revenue | 1.13 x | 1.8 x | 2.06 x | 2.06 x | 1.5 x | 1.92 x |
| EV / EBITDA | 11 x | 15 x | 14.1 x | 15.2 x | 13.1 x | 16.2 x |
| EV / FCF | 3.9 x | -8.21 x | 60.8 x | 54.3 x | 1,310 x | 33.1 x |
| FCF Yield | 25.7% | -12.2% | 1.64% | 1.84% | 0.08% | 3.02% |
| Price to Book | 1.35 x | 1.91 x | 1.88 x | 2.01 x | 1.61 x | 1.68 x |
| Nbr of stocks (in thousands) | 967,423 | 967,423 | 967,423 | 967,423 | 967,423 | 967,423 |
| Reference price 2 | 3.210 | 4.640 | 4.650 | 5.150 | 4.410 | 4.890 |
| Announcement Date | 3/22/19 | 3/25/20 | 3/25/21 | 3/25/22 | 3/24/23 | 3/22/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,823 | 2,848 | 2,299 | 2,457 | 2,635 | 2,215 |
| EBITDA 1 | 291.3 | 341.3 | 335.4 | 332.6 | 302.5 | 262.2 |
| EBIT 1 | 146.3 | 206.7 | 202.6 | 207.5 | 171.1 | 142.3 |
| Operating Margin | 5.18% | 7.26% | 8.81% | 8.44% | 6.49% | 6.43% |
| Earnings before Tax (EBT) 1 | 153.5 | 111.4 | 109.8 | 170.5 | 192.5 | 251.2 |
| Net income 1 | 116.1 | 43.38 | 70.66 | 121.9 | 136.4 | 214 |
| Net margin | 4.11% | 1.52% | 3.07% | 4.96% | 5.18% | 9.66% |
| EPS 2 | 0.1200 | 0.0400 | 0.0700 | 0.1260 | 0.1410 | 0.2212 |
| Free Cash Flow 1 | 820.8 | -624.9 | 77.82 | 93.04 | 3.019 | 128.5 |
| FCF margin | 29.08% | -21.94% | 3.38% | 3.79% | 0.11% | 5.8% |
| FCF Conversion (EBITDA) | 281.8% | - | 23.2% | 27.97% | 1% | 49.01% |
| FCF Conversion (Net income) | 706.77% | - | 110.13% | 76.31% | 2.21% | 60.06% |
| Dividend per Share | - | 0.0300 | 0.0300 | 0.0380 | 0.0430 | 0.0670 |
| Announcement Date | 3/22/19 | 3/25/20 | 3/25/21 | 3/25/22 | 3/24/23 | 3/22/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 93.2 | 643 | 235 | 68 | - | - |
| Net Cash position 1 | - | - | - | - | 313 | 476 |
| Leverage (Debt/EBITDA) | 0.32 x | 1.883 x | 0.7011 x | 0.2045 x | - | - |
| Free Cash Flow 1 | 821 | -625 | 77.8 | 93 | 3.02 | 129 |
| ROE (net income / shareholders' equity) | 4.85% | 2.67% | 3.79% | 5.88% | 5.96% | 7.2% |
| ROA (Net income/ Total Assets) | 1.6% | 2.59% | 3.15% | 3.3% | 2.51% | 1.95% |
| Assets 1 | 7,255 | 1,674 | 2,240 | 3,698 | 5,425 | 10,979 |
| Book Value Per Share 2 | 2.370 | 2.430 | 2.470 | 2.560 | 2.740 | 2.910 |
| Cash Flow per Share 2 | 1.100 | 0.3900 | 0.4300 | 0.4400 | 1.000 | 0.8600 |
| Capex 1 | 91.3 | 79.5 | 91.1 | 90.9 | 75 | 299 |
| Capex / Sales | 3.23% | 2.79% | 3.96% | 3.7% | 2.84% | 13.52% |
| Announcement Date | 3/22/19 | 3/25/20 | 3/25/21 | 3/25/22 | 3/24/23 | 3/22/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -15.54% | 552M | |
| +3.99% | 39.96B | |
| -19.14% | 22.35B | |
| -13.76% | 13.5B | |
| -9.95% | 10.04B | |
| -9.98% | 9.53B | |
| +9.13% | 7.32B | |
| +12.15% | 7B | |
| -26.77% | 5.56B | |
| -29.24% | 3.28B |
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