GUANGZHOU BAIYUN ELECTRIC EQUIPMENT CO., LTD. Financials Guangzhou Baiyun Electric Equipment Co., Ltd.
Equities
603861
CNE1000026J6
Electrical Components & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.48 CNY | +2.29% |
|
+6.67% | -13.29% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,136 | 3,945 | 3,645 | 4,942 | 3,257 | 4,264 |
| Enterprise Value (EV) 1 | 5,682 | 4,457 | 4,176 | 5,696 | 4,600 | 5,770 |
| P/E ratio | 30.3 x | 24.5 x | 38.7 x | 88.8 x | 91.3 x | 39.1 x |
| Yield | 0.99% | 1.26% | 0.8% | 0.34% | 0.33% | 0.86% |
| Capitalization / Revenue | 1.99 x | 1.38 x | 1.2 x | 1.41 x | 0.94 x | 0.98 x |
| EV / Revenue | 2.21 x | 1.56 x | 1.38 x | 1.62 x | 1.33 x | 1.33 x |
| EV / EBITDA | 19.7 x | 18.6 x | 23.7 x | 39.7 x | 33.3 x | 18.6 x |
| EV / FCF | -11.2 x | -121 x | 54 x | -138 x | 10.9 x | -12.9 x |
| FCF Yield | -8.95% | -0.83% | 1.85% | -0.72% | 9.14% | -7.76% |
| Price to Book | 2.21 x | 1.54 x | 1.38 x | 1.8 x | 1.17 x | 1.51 x |
| Nbr of stocks (in thousands) | 442,741 | 451,931 | 441,834 | 435,376 | 435,970 | 435,979 |
| Reference price 2 | 11.60 | 8.730 | 8.250 | 11.35 | 7.470 | 9.780 |
| Announcement Date | 4/27/19 | 4/27/20 | 4/27/21 | 4/29/22 | 4/25/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,576 | 2,861 | 3,028 | 3,513 | 3,465 | 4,330 |
| EBITDA 1 | 287.7 | 240.1 | 176.3 | 143.3 | 138.3 | 310.2 |
| EBIT 1 | 215.8 | 160.1 | 91.76 | 56.44 | 49.37 | 190.8 |
| Operating Margin | 8.38% | 5.59% | 3.03% | 1.61% | 1.42% | 4.41% |
| Earnings before Tax (EBT) 1 | 211.2 | 182.4 | 107.9 | 52.61 | 26.28 | 141 |
| Net income 1 | 169.7 | 159.2 | 94.17 | 56.1 | 35.67 | 109.6 |
| Net margin | 6.59% | 5.57% | 3.11% | 1.6% | 1.03% | 2.53% |
| EPS 2 | 0.3832 | 0.3560 | 0.2130 | 0.1278 | 0.0818 | 0.2500 |
| Free Cash Flow 1 | -508.7 | -36.81 | 77.3 | -41.25 | 420.6 | -447.9 |
| FCF margin | -19.75% | -1.29% | 2.55% | -1.17% | 12.14% | -10.34% |
| FCF Conversion (EBITDA) | - | - | 43.85% | - | 304.07% | - |
| FCF Conversion (Net income) | - | - | 82.08% | - | 1,179.06% | - |
| Dividend per Share 2 | 0.1150 | 0.1100 | 0.0660 | 0.0390 | 0.0250 | 0.0840 |
| Announcement Date | 4/27/19 | 4/27/20 | 4/27/21 | 4/29/22 | 4/25/23 | 4/23/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 546 | 512 | 531 | 754 | 1,344 | 1,506 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.899 x | 2.131 x | 3.011 x | 5.261 x | 9.713 x | 4.856 x |
| Free Cash Flow 1 | -509 | -36.8 | 77.3 | -41.2 | 421 | -448 |
| ROE (net income / shareholders' equity) | 6.71% | 5.76% | 3.04% | 1.51% | 0.83% | 3.55% |
| ROA (Net income/ Total Assets) | 2.76% | 1.67% | 0.82% | 0.46% | 0.37% | 1.37% |
| Assets 1 | 6,158 | 9,558 | 11,539 | 12,226 | 9,616 | 8,019 |
| Book Value Per Share 2 | 5.250 | 5.670 | 5.980 | 6.310 | 6.390 | 6.470 |
| Cash Flow per Share 2 | 1.350 | 2.190 | 2.740 | 3.300 | 1.040 | 1.060 |
| Capex 1 | 298 | 111 | 272 | 191 | 193 | 225 |
| Capex / Sales | 11.56% | 3.89% | 8.97% | 5.42% | 5.57% | 5.19% |
| Announcement Date | 4/27/19 | 4/27/20 | 4/27/21 | 4/29/22 | 4/25/23 | 4/22/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -13.29% | 510M | |
| +79.82% | 2.03B | |
| -11.66% | 1.21B | |
| +14.44% | 993M | |
| -35.26% | 775M | |
| -19.55% | 540M | |
| +48.51% | 500M | |
| -15.58% | 435M | |
| -24.06% | 345M | |
| -46.40% | 308M |
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- Financials Guangzhou Baiyun Electric Equipment Co., Ltd.
