Financials Harbin VITI Electronics Co., Ltd.

Equities

603023

CNE1000022Y4

Auto, Truck & Motorcycle Parts

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
2.89 CNY +3.96% Intraday chart for Harbin VITI Electronics Co., Ltd. +13.78% -45.27%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,678 2,148 2,428 2,709 2,164 2,968
Enterprise Value (EV) 1 1,362 1,768 1,978 2,224 1,740 2,421
P/E ratio 25.9 x 91.8 x 144 x 402 x 481 x -189 x
Yield 2.15% 2.07% - - 1.3% -
Capitalization / Revenue 8.31 x 15.6 x 28.7 x 38.2 x 29.2 x 56 x
EV / Revenue 6.74 x 12.8 x 23.4 x 31.3 x 23.5 x 45.7 x
EV / EBITDA 17.5 x 56.1 x 145 x 584 x -429 x -136 x
EV / FCF 48.5 x 202 x 73 x 114 x -33.8 x 60.6 x
FCF Yield 2.06% 0.49% 1.37% 0.88% -2.96% 1.65%
Price to Book 2.58 x 3.05 x 3.21 x 3.55 x 2.82 x 3.95 x
Nbr of stocks (in thousands) 514,080 530,234 562,080 562,080 562,080 562,080
Reference price 2 3.263 4.050 4.320 4.820 3.850 5.280
Announcement Date 4/17/19 4/27/20 4/20/21 4/22/22 4/27/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 202 138.1 84.54 71 74.17 53
EBITDA 1 77.76 31.52 13.67 3.809 -4.056 -17.84
EBIT 1 74.22 26.63 5.124 -4.627 -12.01 -29.01
Operating Margin 36.74% 19.29% 6.06% -6.52% -16.19% -54.73%
Earnings before Tax (EBT) 1 76.34 26.64 16.41 6.193 -1.567 -21.46
Net income 1 65.17 22.85 15.7 6.691 4.406 -15.74
Net margin 32.26% 16.55% 18.56% 9.42% 5.94% -29.7%
EPS 2 0.1261 0.0441 0.0300 0.0120 0.008000 -0.0280
Free Cash Flow 1 28.07 8.736 27.09 19.56 -51.56 39.96
FCF margin 13.9% 6.33% 32.05% 27.55% -69.51% 75.4%
FCF Conversion (EBITDA) 36.1% 27.72% 198.22% 513.54% - -
FCF Conversion (Net income) 43.08% 38.23% 172.62% 292.34% - -
Dividend per Share 2 0.0700 0.0840 - - 0.0500 -
Announcement Date 4/17/19 4/27/20 4/20/21 4/22/22 4/27/23 4/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 315 379 451 485 424 546
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 28.1 8.74 27.1 19.6 -51.6 40
ROE (net income / shareholders' equity) 10.7% 3.34% 2.13% 0.88% 0.11% -2.43%
ROA (Net income/ Total Assets) 6.34% 1.99% 0.4% -0.37% -0.94% -2.27%
Assets 1 1,027 1,146 3,925 -1,811 -468.6 694.4
Book Value Per Share 2 1.270 1.330 1.350 1.360 1.370 1.340
Cash Flow per Share 2 0.8800 0.8400 0.8000 0.8500 0.7700 0.9400
Capex 1 22.6 29.9 7.61 8.15 36.7 6.66
Capex / Sales 11.19% 21.62% 9% 11.47% 49.43% 12.57%
Announcement Date 4/17/19 4/27/20 4/20/21 4/22/22 4/27/23 4/29/24
1CNY in Million2CNY
Estimates
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