Financials Gettop Acoustic Co., Ltd.

Equities

002655

CNE100001C55

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
10.35 CNY +1.97% Intraday chart for Gettop Acoustic Co., Ltd. +5.29% -23.50%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,351 4,820 2,610 6,433 4,086 4,948
Enterprise Value (EV) 1 2,505 4,983 2,697 6,515 4,091 4,987
P/E ratio 109 x 149 x 55.8 x 99.3 x 65.6 x 87.5 x
Yield - - - - 0.36% 0.22%
Capitalization / Revenue 2.92 x 4.9 x 2.21 x 6.87 x 4.24 x 4.96 x
EV / Revenue 3.11 x 5.06 x 2.29 x 6.96 x 4.25 x 5 x
EV / EBITDA 39.5 x 46.6 x 18.8 x 40.3 x 35.4 x 37.4 x
EV / FCF -170 x -289 x 25.3 x -205 x 32.7 x 59.1 x
FCF Yield -0.59% -0.35% 3.96% -0.49% 3.06% 1.69%
Price to Book 4.81 x 9.26 x 4.92 x 10.3 x 5.79 x 8.1 x
Nbr of stocks (in thousands) 360,000 360,000 360,000 360,000 366,120 365,704
Reference price 2 6.530 13.39 7.250 17.87 11.16 13.53
Announcement Date 3/11/19 4/23/20 3/23/21 4/8/22 4/25/23 4/2/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 804.8 984.3 1,180 936.8 963.1 997.6
EBITDA 1 63.43 107 143.5 161.7 115.6 133.3
EBIT 1 -8.077 35.08 63.47 81.3 47.49 71.64
Operating Margin -1% 3.56% 5.38% 8.68% 4.93% 7.18%
Earnings before Tax (EBT) 1 21.4 32.65 44.34 61.23 57.17 63.48
Net income 1 21.35 30.82 45.94 65.55 62.1 55.67
Net margin 2.65% 3.13% 3.89% 7% 6.45% 5.58%
EPS 2 0.0600 0.0900 0.1300 0.1800 0.1700 0.1546
Free Cash Flow 1 -14.73 -17.24 106.7 -31.74 125.2 84.42
FCF margin -1.83% -1.75% 9.04% -3.39% 13% 8.46%
FCF Conversion (EBITDA) - - 74.37% - 108.23% 63.35%
FCF Conversion (Net income) - - 232.26% - 201.56% 151.64%
Dividend per Share - - - - 0.0400 0.0300
Announcement Date 3/11/19 4/23/20 3/23/21 4/8/22 4/25/23 4/2/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 154 163 86.8 82.1 5.09 38.5
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.428 x 1.521 x 0.6051 x 0.5075 x 0.044 x 0.2892 x
Free Cash Flow 1 -14.7 -17.2 107 -31.7 125 84.4
ROE (net income / shareholders' equity) 4.47% 6.11% 8.82% 11.4% 9.32% 8.9%
ROA (Net income/ Total Assets) -0.46% 1.92% 3.5% 4.53% 2.51% 3.46%
Assets 1 -4,656 1,608 1,311 1,448 2,475 1,609
Book Value Per Share 2 1.360 1.450 1.470 1.730 1.930 1.670
Cash Flow per Share 2 0.2700 0.2300 0.1700 0.2900 0.2900 0.5000
Capex 1 41.5 65.2 68.2 29.6 16 32.3
Capex / Sales 5.15% 6.63% 5.78% 3.16% 1.67% 3.24%
Announcement Date 3/11/19 4/23/20 3/23/21 4/8/22 4/25/23 4/2/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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