Financials Guangdong Kingstrong Technology Co., Ltd.

Equities

300629

CNE100002PB7

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
20.87 CNY +3.78% Intraday chart for Guangdong Kingstrong Technology Co., Ltd. +14.92% -3.51%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,539 2,090 3,017 3,990 4,660 5,137
Enterprise Value (EV) 1 1,504 2,339 2,881 3,627 4,443 4,891
P/E ratio 193 x -69 x 58.8 x 39.7 x 35.5 x 37.3 x
Yield 0.06% - 0.44% 0.35% 0.39% -
Capitalization / Revenue 7.28 x 10.8 x 9.45 x 11.1 x 10.8 x 10.1 x
EV / Revenue 7.12 x 12.1 x 9.02 x 10.1 x 10.3 x 9.57 x
EV / EBITDA 134 x -166 x 60.5 x 30.5 x 28 x 22.7 x
EV / FCF -16.7 x -19.7 x 31 x 26.5 x -22.3 x -29.6 x
FCF Yield -5.98% -5.07% 3.23% 3.78% -4.49% -3.37%
Price to Book 4.38 x 3.17 x 3.34 x 3.62 x 3.77 x 3.09 x
Nbr of stocks (in thousands) 169,000 204,922 222,280 235,862 237,028 237,488
Reference price 2 9.107 10.20 13.57 16.92 19.66 21.63
Announcement Date 3/26/19 4/20/20 3/8/21 4/21/22 4/19/23 4/24/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 211.3 193.6 319.4 360.3 430.4 511.1
EBITDA 1 11.23 -14.06 47.6 118.8 158.8 215.4
EBIT 1 3.496 -23.52 36.15 108.8 148.3 204.5
Operating Margin 1.65% -12.15% 11.32% 30.2% 34.47% 40.02%
Earnings before Tax (EBT) 1 8.334 -28.29 54.84 113.2 150.9 170.7
Net income 1 8.189 -26.2 50.12 97.03 131.5 139.2
Net margin 3.88% -13.53% 15.69% 26.93% 30.56% 27.23%
EPS 2 0.0473 -0.1479 0.2308 0.4260 0.5538 0.5800
Free Cash Flow 1 -89.96 -118.5 93.04 137 -199.3 -165
FCF margin -42.58% -61.22% 29.13% 38.01% -46.32% -32.29%
FCF Conversion (EBITDA) - - 195.47% 115.29% - -
FCF Conversion (Net income) - - 185.65% 141.15% - -
Dividend per Share 2 0.005900 - 0.0592 0.0592 0.0769 -
Announcement Date 3/26/19 4/20/20 3/8/21 4/21/22 4/19/23 4/24/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 248 - - - -
Net Cash position 1 34.8 - 137 363 217 246
Leverage (Debt/EBITDA) - -17.67 x - - - -
Free Cash Flow 1 -90 -119 93 137 -199 -165
ROE (net income / shareholders' equity) 2.34% -5.19% 6.41% 9.68% 11.3% 9.96%
ROA (Net income/ Total Assets) 0.45% -1.86% 2% 5.49% 6.64% 7.44%
Assets 1 1,807 1,407 2,504 1,768 1,980 1,870
Book Value Per Share 2 2.080 3.220 4.060 4.670 5.210 7.000
Cash Flow per Share 2 0.5000 0.2800 1.000 1.710 1.110 1.420
Capex 1 18.7 3.2 6.25 18.2 27.3 7.19
Capex / Sales 8.84% 1.65% 1.96% 5.05% 6.35% 1.41%
Announcement Date 3/26/19 4/20/20 3/8/21 4/21/22 4/19/23 4/24/24
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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