Financials Fujian Nebula Electronics Co., Ltd.

Equities

300648

CNE100002N93

Industrial Machinery & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
18.64 CNY +3.96% Intraday chart for Fujian Nebula Electronics Co., Ltd. +8.18% -30.03%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,225 2,153 6,010 8,895 5,471 3,937
Enterprise Value (EV) 1 2,064 2,210 6,073 8,767 5,773 4,656
P/E ratio 108 x 607 x 105 x 116 x 622 x -20.4 x
Yield 0.09% 0.06% 0.09% 0.09% 0.03% -
Capitalization / Revenue 7.35 x 5.89 x 10.5 x 11 x 4.27 x 4.34 x
EV / Revenue 6.82 x 6.04 x 10.6 x 10.8 x 4.51 x 5.13 x
EV / EBITDA 112 x 258 x 76.1 x 75.7 x 232 x -40.4 x
EV / FCF -137 x -17.9 x -708 x -166 x -16.8 x -12.8 x
FCF Yield -0.73% -5.59% -0.14% -0.6% -5.96% -7.79%
Price to Book 4.19 x 4.05 x 10.2 x 8.5 x 5.18 x 4.58 x
Nbr of stocks (in thousands) 135,400 135,400 135,400 147,784 147,784 147,784
Reference price 2 16.43 15.90 44.39 60.19 37.02 26.64
Announcement Date 4/22/19 4/24/20 4/23/21 4/14/22 4/21/23 4/22/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 302.8 365.6 574.9 810.7 1,280 906.7
EBITDA 1 18.47 8.567 79.76 115.8 24.87 -115.3
EBIT 1 10.89 -2.678 63.07 85.06 -23.91 -178.7
Operating Margin 3.6% -0.73% 10.97% 10.49% -1.87% -19.71%
Earnings before Tax (EBT) 1 19.33 -0.3451 62.08 94 -24.1 -200.9
Net income 1 20.52 3.548 57 76.05 8.946 -192.9
Net margin 6.78% 0.97% 9.91% 9.38% 0.7% -21.27%
EPS 2 0.1515 0.0262 0.4209 0.5182 0.0595 -1.305
Free Cash Flow 1 -15.03 -123.5 -8.582 -52.76 -344.1 -362.6
FCF margin -4.96% -33.78% -1.49% -6.51% -26.88% -39.99%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0150 0.0100 0.0400 0.0550 0.0100 -
Announcement Date 4/22/19 4/24/20 4/23/21 4/14/22 4/21/23 4/22/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 56.7 62.2 - 302 719
Net Cash position 1 161 - - 128 - -
Leverage (Debt/EBITDA) - 6.615 x 0.7796 x - 12.14 x -6.235 x
Free Cash Flow 1 -15 -123 -8.58 -52.8 -344 -363
ROE (net income / shareholders' equity) 3.81% 1.14% 10.6% 10.9% 0.84% -20.2%
ROA (Net income/ Total Assets) 1.01% -0.21% 3.69% 3.32% -0.66% -4.46%
Assets 1 2,039 -1,723 1,543 2,292 -1,356 4,324
Book Value Per Share 2 3.920 3.930 4.340 7.080 7.150 5.820
Cash Flow per Share 2 1.040 0.5500 1.440 2.390 1.200 1.550
Capex 1 18.7 107 95.1 93.9 105 288
Capex / Sales 6.19% 29.32% 16.54% 11.59% 8.22% 31.73%
Announcement Date 4/22/19 4/24/20 4/23/21 4/14/22 4/21/23 4/22/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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