GUANGDONG XINBAO ELECTRICAL APPLIANCES HOLDINGS CO., LTD Financials Guangdong Xinbao Electrical Appliances Holdings Co., Ltd
Equities
002705
CNE100001R82
Appliances, Tools & Housewares
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18.17 CNY | +0.50% |
|
-2.10% | +24.71% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,216 | 33,862 | 20,239 | 13,575 | 11,975 | 14,866 | - |
| Enterprise Value (EV) 1 | 13,216 | 33,862 | 20,239 | 9,996 | 9,100 | 9,437 | 8,653 |
| P/E ratio | 19.2 x | 30.3 x | 25.7 x | 14.2 x | 12.3 x | 12.7 x | 11.9 x |
| Yield | 2.43% | 1.42% | 0.81% | 2.4% | 2.75% | 2.61% | 3.08% |
| Capitalization / Revenue | 1.45 x | 2.57 x | 1.36 x | 0.99 x | 0.82 x | 0.9 x | 0.88 x |
| EV / Revenue | 1.45 x | 2.57 x | 1.36 x | 0.73 x | 0.62 x | 0.57 x | 0.51 x |
| EV / EBITDA | 11.5 x | 19.2 x | 14.4 x | 5.68 x | 4.77 x | 4.24 x | 3.99 x |
| EV / FCF | - | - | -94.4 x | 25.3 x | -138 x | 11.6 x | 6.48 x |
| FCF Yield | - | - | -1.06% | 3.95% | -0.73% | 8.64% | 15.4% |
| Price to Book | 3.07 x | 5.61 x | 3.36 x | 1.97 x | 1.58 x | 1.76 x | 1.59 x |
| Nbr of stocks (in thousands) | 801,473 | 801,473 | 819,412 | 815,333 | 821,881 | 818,146 | - |
| Reference price 2 | 16.49 | 42.25 | 24.70 | 16.65 | 14.57 | 18.17 | 18.17 |
| Announcement Date | 2/25/20 | 3/5/21 | 2/25/22 | 2/27/23 | 2/28/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,125 | 13,191 | 14,912 | 13,696 | 14,647 | 16,506 | 16,965 |
| EBITDA 1 | 1,154 | 1,759 | 1,402 | 1,760 | 1,909 | 2,227 | 2,171 |
| EBIT 1 | 784.4 | 1,375 | 977.3 | 1,281 | 1,312 | 1,538 | 1,631 |
| Operating Margin | 8.6% | 10.42% | 6.55% | 9.35% | 8.96% | 9.32% | 9.61% |
| Earnings before Tax (EBT) 1 | 795.3 | 1,374 | 986.4 | 1,257 | 1,307 | 1,538 | 1,629 |
| Net income 1 | 687.3 | 1,118 | 792.5 | 961.4 | 977.1 | 1,177 | 1,262 |
| Net margin | 7.53% | 8.48% | 5.31% | 7.02% | 6.67% | 7.13% | 7.44% |
| EPS 2 | 0.8575 | 1.396 | 0.9613 | 1.174 | 1.188 | 1.430 | 1.528 |
| Free Cash Flow 1 | - | - | -214.4 | 394.7 | -66.08 | 815 | 1,335 |
| FCF margin | - | - | -1.44% | 2.88% | -0.45% | 4.94% | 7.87% |
| FCF Conversion (EBITDA) | - | - | - | 22.42% | - | 36.6% | 61.48% |
| FCF Conversion (Net income) | - | - | - | 41.05% | - | 69.24% | 105.77% |
| Dividend per Share 2 | 0.4000 | 0.6000 | 0.2000 | 0.4000 | 0.4000 | 0.4740 | 0.5600 |
| Announcement Date | 2/25/20 | 3/5/21 | 2/25/22 | 2/27/23 | 2/28/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,209 | 3,642 | - | 3,591 | 2,979 | 2,829 | 3,525 | 4,400 | 3,892 | 3,474 | 3,769 | 4,600 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | 204 | 196.7 | 331.5 | 442 | - | 251.7 | - | - |
| Operating Margin | - | - | - | - | 6.85% | 6.95% | 9.4% | 10.05% | - | 7.25% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 197.6 | - | 486.3 | 357.5 | - | - | - | - | 241.2 | 172.6 | - | - |
| Net margin | 4.69% | - | - | 9.95% | - | - | - | - | 6.2% | 4.97% | - | - |
| EPS 2 | 0.2400 | - | 0.5965 | - | 0.1400 | 0.1681 | 0.3100 | 0.4100 | 0.3000 | 0.2110 | 0.3400 | 0.4500 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/25/22 | 4/27/22 | 8/26/22 | 10/27/22 | 2/27/23 | 4/27/23 | 8/28/23 | 10/27/23 | 2/28/24 | 4/26/24 | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 3,580 | 2,875 | 5,429 | 6,212 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | -214 | 395 | -66.1 | 815 | 1,335 |
| ROE (net income / shareholders' equity) | 16.7% | 23.7% | 12.9% | 14.7% | 13.3% | 14.6% | 13.2% |
| ROA (Net income/ Total Assets) | 9% | 10.8% | 6.33% | 7.54% | - | 7.8% | 7.44% |
| Assets 1 | 7,641 | 10,323 | 12,518 | 12,746 | - | 15,090 | 16,965 |
| Book Value Per Share 2 | 5.360 | 7.530 | 7.360 | 8.440 | 9.230 | 10.30 | 11.50 |
| Cash Flow per Share 2 | 1.800 | 3.130 | 1.020 | 1.720 | 2.320 | 2.250 | 2.540 |
| Capex 1 | 614 | 919 | 1,061 | 1,028 | 1,975 | 794 | 816 |
| Capex / Sales | 6.73% | 6.97% | 7.11% | 7.51% | 13.48% | 4.81% | 4.81% |
| Announcement Date | 2/25/20 | 3/5/21 | 2/25/22 | 2/27/23 | 2/28/24 | - | - |
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
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
18.17
CNY
Average target price
20.48
CNY
Spread / Average Target
+12.70%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +24.71% | 2.05B | |
| +22.79% | 28.64B | |
| +35.11% | 6.93B | |
| +81.37% | 6.43B | |
| +0.22% | 3.3B | |
| +30.89% | 3.14B | |
| +2.91% | 3.06B | |
| -0.02% | 3.04B | |
| +4.27% | 2.96B | |
| -1.92% | 2.96B |
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- Financials Guangdong Xinbao Electrical Appliances Holdings Co., Ltd
