Stock 603298 HANGCHA GROUP CO., LTD
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Financials Hangcha Group Co., Ltd

Equities

603298

CNE100002FY0

Heavy Machinery & Vehicles

End-of-day quote Shanghai S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
29.39 CNY -0.37% Intraday chart for Hangcha Group Co., Ltd -7.78% +18.13%
Apr. 22 Hangcha Group Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
Apr. 17 Hangcha Group Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,971 18,203 14,859 14,564 23,277 27,497 - -
Enterprise Value (EV) 1 7,343 16,327 14,044 13,390 20,423 24,118 22,644 20,861
P/E ratio 12.4 x 21.7 x 16.3 x 15.3 x 13.5 x 13.1 x 11.9 x 9.56 x
Yield 2.72% 1.9% 2.33% 2.38% 2.01% 2% 2.85% 3.46%
Capitalization / Revenue 0.9 x 1.59 x 1.03 x 1.01 x 1.43 x 1.4 x 1.28 x 1.08 x
EV / Revenue 0.83 x 1.43 x 0.97 x 0.93 x 1.26 x 1.23 x 1.06 x 0.82 x
EV / EBITDA 7.55 x 13.6 x 13 x 9.5 x 8.61 x 9.2 x 8.05 x 5.78 x
EV / FCF - - - - - 40.1 x 15.7 x 11.7 x
FCF Yield - - - - - 2.5% 6.35% 8.56%
Price to Book 1.85 x 3.7 x 2.65 x 2.38 x 2.7 x 2.68 x 2.4 x 1.96 x
Nbr of stocks (in thousands) 866,396 866,396 866,396 866,397 935,580 935,580 - -
Reference price 2 9.200 21.01 17.15 16.81 24.88 29.39 29.39 29.39
Announcement Date 4/21/20 2/24/21 4/7/22 4/18/23 4/17/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,854 11,452 14,490 14,412 16,272 19,673 21,422 25,370
EBITDA 1 972.8 1,203 1,080 1,410 2,372 2,622 2,811 3,612
EBIT 1 818 1,026 879.8 1,180 2,092 2,373 2,735 3,402
Operating Margin 9.24% 8.96% 6.07% 8.18% 12.86% 12.06% 12.77% 13.41%
Earnings before Tax (EBT) 1 822.8 1,026 1,083 1,180 2,093 2,497 2,777 3,469
Net income 1 644.6 837.9 908.5 987.8 1,720 2,092 2,306 2,873
Net margin 7.28% 7.32% 6.27% 6.85% 10.57% 10.64% 10.77% 11.32%
EPS 2 0.7429 0.9700 1.050 1.100 1.840 2.236 2.465 3.073
Free Cash Flow 1 - - - - - 602 1,439 1,786
FCF margin - - - - - 3.06% 6.72% 7.04%
FCF Conversion (EBITDA) - - - - - 22.96% 51.19% 49.44%
FCF Conversion (Net income) - - - - - 28.77% 62.39% 62.17%
Dividend per Share 2 0.2500 0.4000 0.4000 0.4000 0.5000 0.5881 0.8363 1.018
Announcement Date 4/21/20 2/24/21 4/7/22 4/18/23 4/17/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 S1 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - - - - 4,293 4,293 3,757 4,172 5,047 4,943 3,922
EBITDA - - - - - - - - - - -
EBIT - - - - - - - - - - -
Operating Margin - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - -
Net income 190.2 265.9 456.1 292.1 - - - - - - -
Net margin - - - - - - - - - - -
EPS 0.2200 - - 0.3400 - - - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 4/19/22 8/17/22 8/17/22 4/20/23 8/17/23 10/17/23 4/17/24 4/22/24 - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 628 1,876 815 1,174 2,854 3,379 4,853 6,636
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - - - 602 1,439 1,786
ROE (net income / shareholders' equity) 15.9% 18.2% 17.3% 16.7% 22.2% 21.1% 20.5% 20.9%
ROA (Net income/ Total Assets) - - - - - 13.1% 13.1% 14%
Assets 1 - - - - - 16,008 17,633 20,592
Book Value Per Share 2 4.980 5.680 6.460 7.050 9.210 10.90 12.30 15.00
Cash Flow per Share 2 1.060 1.050 0.0200 0.7200 1.730 1.920 2.590 2.990
Capex 1 261 152 340 252 573 399 456 462
Capex / Sales 2.95% 1.33% 2.35% 1.75% 3.52% 2.03% 2.13% 1.82%
Announcement Date 4/21/20 2/24/21 4/7/22 4/18/23 4/17/24 - - -
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

Ratings for Hangcha Group Co., Ltd

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
29.39 CNY
Average target price
35.66 CNY
Spread / Average Target
+21.33%
Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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