GUANGZHOU SHIYUAN ELECTRONIC TECHNOLOGY COMPANY LIMITED Financials Guangzhou Shiyuan Electronic Technology Company Limited
Equities
002841
CNE100002K47
Electronic Equipment & Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 31.97 CNY | +3.00% |
|
-0.37% | -30.14% |
| Apr. 26 | Shiyuan Electronic Technology's Q1 Profit Drops 37% | MT |
| Apr. 25 | Shiyuan Electronic Technology's 2023 Profit Falls 34% as Revenue Slips 4% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 56,190 | 76,864 | 54,257 | 41,401 | 32,089 | 22,419 | - | - |
| Enterprise Value (EV) 1 | 53,103 | 73,832 | 50,550 | 38,853 | 30,247 | 18,953 | 17,274 | 18,953 |
| P/E ratio | 34.4 x | 39.5 x | 31.2 x | 19.4 x | 23.2 x | 13.5 x | 11.7 x | 16.1 x |
| Yield | 0.88% | 0.87% | 1.11% | 1.78% | 1.86% | 1.99% | 2.51% | 1.72% |
| Capitalization / Revenue | 3.3 x | 4.49 x | 2.56 x | 1.97 x | 1.59 x | 1.02 x | 0.9 x | 0.92 x |
| EV / Revenue | 3.11 x | 4.31 x | 2.38 x | 1.85 x | 1.5 x | 0.86 x | 0.69 x | 0.78 x |
| EV / EBITDA | 28.1 x | 33.6 x | 25.1 x | 15.5 x | 17.3 x | 9.86 x | 7.56 x | - |
| EV / FCF | - | - | 24.8 x | 27.4 x | -49.4 x | 14.9 x | 12.8 x | - |
| FCF Yield | - | - | 4.04% | 3.65% | -2.02% | 6.73% | 7.81% | - |
| Price to Book | 11.4 x | 10.7 x | 6.49 x | 3.47 x | 2.57 x | 1.66 x | 1.48 x | 1.42 x |
| Nbr of stocks (in thousands) | 655,660 | 668,208 | 666,550 | 701,239 | 701,239 | 701,239 | - | - |
| Reference price 2 | 85.70 | 115.0 | 81.40 | 59.04 | 45.76 | 31.97 | 31.97 | 31.97 |
| Announcement Date | 1/17/20 | 1/25/21 | 1/26/22 | 1/17/23 | 1/30/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 17,053 | 17,129 | 21,226 | 20,990 | 20,173 | 21,968 | 25,005 | 24,432 |
| EBITDA 1 | 1,887 | 2,199 | 2,012 | 2,514 | 1,753 | 1,921 | 2,286 | - |
| EBIT 1 | 1,760 | 2,052 | 1,831 | 2,326 | 1,521 | 1,688 | 1,996 | 1,317 |
| Operating Margin | 10.32% | 11.98% | 8.63% | 11.08% | 7.54% | 7.68% | 7.98% | 5.39% |
| Earnings before Tax (EBT) 1 | 1,786 | 2,073 | 1,858 | 2,326 | 1,489 | 1,879 | 2,227 | - |
| Net income 1 | 1,611 | 1,902 | 1,699 | 2,072 | 1,370 | 1,659 | 1,975 | 1,396 |
| Net margin | 9.45% | 11.1% | 8% | 9.87% | 6.79% | 7.55% | 7.9% | 5.72% |
| EPS 2 | 2.490 | 2.910 | 2.610 | 3.050 | 1.970 | 2.369 | 2.735 | 1.990 |
| Free Cash Flow 1 | - | - | 2,041 | 1,420 | -612 | 1,275 | 1,349 | - |
| FCF margin | - | - | 9.62% | 6.76% | -3.03% | 5.8% | 5.39% | - |
| FCF Conversion (EBITDA) | - | - | 101.45% | 56.48% | - | 66.36% | 59.01% | - |
| FCF Conversion (Net income) | - | - | 120.13% | 68.51% | - | 76.85% | 68.31% | - |
| Dividend per Share 2 | 0.7500 | 1.000 | 0.9000 | 1.050 | 0.8500 | 0.6350 | 0.8014 | 0.5500 |
| Announcement Date | 1/17/20 | 1/25/21 | 1/26/22 | 1/17/23 | 1/30/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 4,793 | - | - | 12,010 | - | - | - | - | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | 1,617 | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | 13.47% | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | 1,609 | - | - | - | - | - | - | - | - | - | - |
| Net income | 368.7 | - | - | 1,396 | - | - | - | - | - | - | - | - | - | - |
| Net margin | 7.69% | - | - | 11.62% | - | - | - | - | - | - | - | - | - | - |
| EPS 1 | 0.5500 | 1.320 | 0.6900 | 2.040 | 0.4100 | 0.4500 | 0.6600 | 0.4500 | 0.2600 | 0.3500 | 0.6600 | 0.4800 | 0.3100 | 0.3800 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/24/22 | 10/26/22 | 1/17/23 | 1/17/23 | 4/25/23 | 8/24/23 | 10/23/23 | 1/30/24 | 4/24/24 | - | - | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 3,087 | 3,032 | 3,707 | 2,548 | 1,842 | 3,466 | 5,145 | 3,466 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 2,041 | 1,420 | -612 | 1,275 | 1,349 | - |
| ROE (net income / shareholders' equity) | 38.4% | 31.9% | 21.8% | 20.9% | 11.2% | 11.7% | 12.7% | 9.14% |
| ROA (Net income/ Total Assets) | 19% | 16.9% | 12% | 12.6% | 6.51% | 6.1% | 8% | - |
| Assets 1 | 8,486 | 11,267 | 14,149 | 16,401 | 21,057 | 27,200 | 24,684 | - |
| Book Value Per Share 2 | 7.520 | 10.80 | 12.50 | 17.00 | 17.80 | 19.30 | 21.50 | 22.50 |
| Cash Flow per Share 2 | 3.620 | 2.970 | 4.050 | 3.370 | 1.590 | 3.010 | 2.720 | - |
| Capex 1 | 468 | 438 | 661 | 946 | 1,728 | 550 | 556 | - |
| Capex / Sales | 2.74% | 2.56% | 3.11% | 4.51% | 8.57% | 2.5% | 2.22% | - |
| Announcement Date | 1/17/20 | 1/25/21 | 1/26/22 | 1/17/23 | 1/30/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
31.97
CNY
Average target price
49.52
CNY
Spread / Average Target
+54.90%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -30.14% | 3.09B | |
| +12.06% | 107B | |
| -0.62% | 29.43B | |
| +12.05% | 22.21B | |
| -16.05% | 17.75B | |
| -6.34% | 17.25B | |
| +8.74% | 15.28B | |
| -4.89% | 12.2B | |
| -2.85% | 10.42B | |
| -8.86% | 9.04B |
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