Financials Gold cup Electric Apparatus Co.,Ltd.

Equities

002533

CNE100000YK4

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
9.88 CNY -0.60% Intraday chart for Gold cup Electric Apparatus Co.,Ltd. -4.17% +22.28%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,774 3,832 6,212 4,365 5,930 7,188 - -
Enterprise Value (EV) 1 2,774 3,832 6,212 4,365 5,930 7,188 7,188 7,188
P/E ratio 14.2 x 14.9 x 18.8 x 12 x 11.3 x 11.9 x 9.77 x 8.37 x
Yield - - - - 4.95% 5.06% 6.07% 7.29%
Capitalization / Revenue 0.47 x 0.49 x - - 0.39 x 0.41 x 0.36 x 0.33 x
EV / Revenue 0.47 x 0.49 x - - 0.39 x 0.41 x 0.36 x 0.33 x
EV / EBITDA - - - - 6.97 x 9.96 x 7.84 x 7.12 x
EV / FCF - - - - 19.5 x -6.23 x 12 x 9.29 x
FCF Yield - - - - 5.13% -16% 8.33% 10.8%
Price to Book - 1.18 x - - 1.53 x 1.66 x 1.51 x 1.37 x
Nbr of stocks (in thousands) 552,651 721,607 721,521 721,412 733,941 727,494 - -
Reference price 2 5.020 5.310 8.610 6.050 8.080 9.880 9.880 9.880
Announcement Date 4/14/20 2/25/21 3/30/22 3/29/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,844 7,802 - - 15,293 17,546 19,752 21,874
EBITDA 1 - - - - 851.3 722 917 1,010
EBIT 1 - - - - 687.9 772.5 965 1,124
Operating Margin - - - - 4.5% 4.4% 4.89% 5.14%
Earnings before Tax (EBT) 1 - - - - 679.8 771.5 963 1,122
Net income 1 - 254.6 - 370.6 522.8 612.6 743.1 867.6
Net margin - 3.26% - - 3.42% 3.49% 3.76% 3.97%
EPS 2 0.3540 0.3560 0.4570 0.5050 0.7120 0.8337 1.012 1.181
Free Cash Flow 1 - - - - 304.5 -1,153 599 774
FCF margin - - - - 1.99% -6.57% 3.03% 3.54%
FCF Conversion (EBITDA) - - - - 35.77% - 65.32% 76.63%
FCF Conversion (Net income) - - - - 58.24% - 80.61% 89.21%
Dividend per Share 2 - - - - 0.4000 0.5000 0.6000 0.7200
Announcement Date 4/14/20 2/25/21 3/30/22 3/29/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - - 304 -1,153 599 774
ROE (net income / shareholders' equity) - - - 14% 14.8% 16.9% 18.1%
ROA (Net income/ Total Assets) - - - - 6.1% 7.2% 7.4%
Assets 1 - - - - 10,043 10,321 11,724
Book Value Per Share 2 - 4.510 - 5.280 5.960 6.550 7.210
Cash Flow per Share - - - - - - -
Capex 1 - - - 106 65 65 65
Capex / Sales - - - 0.69% 0.37% 0.33% 0.3%
Announcement Date 4/14/20 2/25/21 3/29/23 3/28/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
9.88 CNY
Average target price
12 CNY
Spread / Average Target
+21.46%
Consensus

Annual profits - Rate of surprise

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