Financials Henan Thinker Automatic Equipment Co.,Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
21.2 ^CNY	+6.59%		-1.72%	+35.03%

Apr. 26	Henan Thinker Automatic Equipment Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 09	Henan Thinker Automatic Equipment Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	11,484	6,601	6,236	6,226	5,986	8,083	-	-
Enterprise Value (EV) ¹	11,484	6,601	6,236	6,226	5,986	8,083	8,083	8,083
P/E ratio	14.4 x	-11.5 x	16.3 x	17.9 x	14.5 x	17.8 x	13.8 x	14.4 x
Yield	0.81%	-	-	3.34%	4.82%	3.58%	1.93%	3.92%
Capitalization / Revenue	12.7 x	-	-	5.83 x	5.07 x	6.04 x	4.64 x	4.89 x
EV / Revenue	12.7 x	-	-	5.83 x	5.07 x	6.04 x	4.64 x	4.89 x
EV / EBITDA	-	-	-	15.5 x	12 x	15.9 x	12.4 x	12.8 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2.64 x	-	-	1.43 x	1.31 x	1.71 x	1.49 x	1.57 x
Nbr of stocks (in thousands)	380,333	380,175	379,919	381,274	381,274	381,274	-	-
Reference price ²	30.19	17.36	16.41	16.33	15.70	21.20	21.20	21.20
Announcement Date	4/8/20	4/26/21	4/26/22	4/11/23	4/9/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	902.3	-	-	1,067	1,180	1,339	1,741	1,652
EBITDA ¹	-	-	-	402.1	500.5	509	653.5	632
EBIT ¹	825.4	-	-	398.3	497.5	554	686	685
Operating Margin	91.48%	-	-	37.32%	42.15%	41.37%	39.4%	41.46%
Earnings before Tax (EBT) ¹	825.3	-	-	397.9	497.9	554	686	685
Net income ¹	789.3	-574.3	385.5	346.4	412.1	455	586	561
Net margin	87.48%	-	-	32.46%	34.91%	33.98%	33.66%	33.96%
EPS ²	2.097	-1.507	1.007	0.9100	1.080	1.190	1.540	1.470
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2444	-	-	0.5451	0.7566	0.7600	0.4100	0.8300
Announcement Date	4/8/20	4/26/21	4/26/22	4/11/23	4/9/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	19.8%	-	-	8.09%	9.3%	9.6%	10.4%	10.9%
ROA (Net income/ Total Assets)	20.1%	-	-	7.22%	-	8.5%	10.1%	-
Assets ¹	3,920	-	-	4,795	-	5,353	5,802	-
Book Value Per Share ²	11.50	-	-	11.40	11.90	12.40	14.20	13.50
Cash Flow per Share ²	1.420	-	-	0.6000	0.7500	1.090	0.9200	1.160
Capex ¹	27.2	-	-	38	37.3	36	41	-
Capex / Sales	3.01%	-	-	3.56%	3.16%	2.69%	2.35%	-
Announcement Date	4/8/20	4/26/21	4/26/22	4/11/23	4/9/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

21.2 CNY

Average target price

26.25 CNY

Spread / Average Target

+23.82%

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