HENAN YICHENG NEW ENERGY CO., LTD. Financials Henan Yicheng New Energy Co., Ltd.
Equities
300080
CNE100000QK0
Renewable Energy Equipment & Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.09 CNY | -0.73% |
|
+9.07% | -15.50% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Capitalization 1 | 10,647 | 12,737 | 12,582 | 10,141 | 10,533 |
| Enterprise Value (EV) 1 | 10,562 | 12,647 | 12,899 | 11,391 | 13,691 |
| P/E ratio | 17.7 x | -272 x | -66.4 x | 21 x | 228 x |
| Yield | - | - | - | - | - |
| Capitalization / Revenue | 1.78 x | 3.21 x | 2.18 x | 0.9 x | 1.07 x |
| EV / Revenue | 1.77 x | 3.19 x | 2.23 x | 1.01 x | 1.39 x |
| EV / EBITDA | 7.17 x | 89.3 x | 115 x | 10.7 x | 23.4 x |
| EV / FCF | 5.15 x | 12.2 x | -30.5 x | -19.6 x | -5.6 x |
| FCF Yield | 19.4% | 8.2% | -3.28% | -5.1% | -17.9% |
| Price to Book | 2.31 x | 2.63 x | 2.5 x | 1.75 x | 1.51 x |
| Nbr of stocks (in thousands) | 2,024,062 | 2,081,139 | 2,161,880 | 2,176,149 | 2,176,149 |
| Reference price 2 | 5.260 | 6.120 | 5.820 | 4.660 | 4.840 |
| Announcement Date | 4/21/20 | 4/27/21 | 4/6/22 | 3/30/23 | 4/12/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 4,086 | 5,982 | 3,969 | 5,778 | 11,245 | 9,884 |
| EBITDA 1 | 2,782 | 1,473 | 141.5 | 112.6 | 1,064 | 585.3 |
| EBIT 1 | 2,686 | 1,190 | -141.8 | -269.8 | 661.6 | 149.5 |
| Operating Margin | 65.74% | 19.89% | -3.57% | -4.67% | 5.88% | 1.51% |
| Earnings before Tax (EBT) 1 | 2,548 | 912 | -106.5 | -282.7 | 622.3 | -0.0173 |
| Net income 1 | 2,034 | 602.1 | -45.47 | -185.3 | 482.8 | 46.06 |
| Net margin | 49.78% | 10.06% | -1.15% | -3.21% | 4.29% | 0.47% |
| EPS 2 | 3.481 | 0.2975 | -0.0225 | -0.0876 | 0.2219 | 0.0212 |
| Free Cash Flow 1 | 869.9 | 2,053 | 1,038 | -423.4 | -581.2 | -2,446 |
| FCF margin | 21.29% | 34.31% | 26.15% | -7.33% | -5.17% | -24.74% |
| FCF Conversion (EBITDA) | 31.27% | 139.39% | 733.04% | - | - | - |
| FCF Conversion (Net income) | 42.77% | 340.94% | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/15/19 | 4/21/20 | 4/27/21 | 4/6/22 | 3/30/23 | 4/12/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 317 | 1,250 | 3,158 |
| Net Cash position 1 | 226 | 85 | 89.9 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 2.815 x | 1.176 x | 5.396 x |
| Free Cash Flow 1 | 870 | 2,053 | 1,038 | -423 | -581 | -2,446 |
| ROE (net income / shareholders' equity) | 114% | 13.1% | -1.36% | -5.19% | 9.33% | 0.39% |
| ROA (Net income/ Total Assets) | 45.1% | 7.91% | -0.97% | -1.71% | 3.48% | 0.62% |
| Assets 1 | 4,505 | 7,608 | 4,691 | 10,864 | 13,885 | 7,465 |
| Book Value Per Share 2 | 4.400 | 2.280 | 2.320 | 2.330 | 2.660 | 3.210 |
| Cash Flow per Share 2 | 1.780 | 0.9700 | 1.010 | 0.9000 | 1.120 | 0.9400 |
| Capex 1 | 54 | 245 | 238 | 499 | 453 | 1,076 |
| Capex / Sales | 1.32% | 4.1% | 5.99% | 8.63% | 4.03% | 10.89% |
| Announcement Date | 4/15/19 | 4/21/20 | 4/27/21 | 4/6/22 | 3/30/23 | 4/12/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -15.50% | 1.23B | |
| -20.52% | 19.05B | |
| -13.58% | 14.43B | |
| -13.30% | 13.5B | |
| -14.56% | 10.46B | |
| +38.54% | 8.04B | |
| -17.35% | 7.22B | |
| +24.34% | 6.46B | |
| -31.37% | 6.46B | |
| -1.60% | 5.96B |
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- Financials Henan Yicheng New Energy Co., Ltd.
