Financials Huagong Tech Company Limited

Equities

000988

CNE000001303

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
33.52 CNY +6.04% Intraday chart for Huagong Tech Company Limited +6.51% +12.63%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 20,402 23,318 28,013 16,500 29,924 33,704 - -
Enterprise Value (EV) 1 20,402 21,012 26,558 16,111 28,285 31,246 30,628 29,551
P/E ratio 40.6 x 42.2 x 36.7 x 18.2 x 29.8 x 26.1 x 19.8 x 16.3 x
Yield 0.3% 0.26% 0.29% 0.61% 0.5% 0.47% 0.6% 0.82%
Capitalization / Revenue 3.74 x 3.8 x 2.76 x 1.37 x 2.93 x 2.68 x 2.07 x 1.81 x
EV / Revenue 3.74 x 3.42 x 2.61 x 1.34 x 2.77 x 2.48 x 1.88 x 1.59 x
EV / EBITDA 27.1 x 25.7 x 25.3 x 12.9 x 21.1 x 21.1 x 16.1 x 12.2 x
EV / FCF - - - 56,541,249 x - - - -
FCF Yield - - - 0% - - - -
Price to Book 3.32 x 3.51 x 3.79 x 2 x 3.27 x 3.25 x 2.91 x 2.48 x
Nbr of stocks (in thousands) 1,005,503 1,005,503 1,005,503 1,005,503 1,005,503 1,005,503 - -
Reference price 2 20.29 23.19 27.86 16.41 29.76 33.52 33.52 33.52
Announcement Date 4/14/20 4/8/21 3/29/22 2/28/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,460 6,138 10,167 12,011 10,208 12,574 16,315 18,588
EBITDA 1 752.4 818.4 1,050 1,246 1,340 1,481 1,900 2,420
EBIT 1 585.3 631.4 822.3 1,006 1,108 1,450 1,795 2,190
Operating Margin 10.72% 10.29% 8.09% 8.38% 10.86% 11.53% 11% 11.78%
Earnings before Tax (EBT) 1 586.2 632.4 824.6 1,009 1,105 1,437 1,919 2,296
Net income 1 502.8 550.5 761 906.1 1,007 1,289 1,706 2,066
Net margin 9.21% 8.97% 7.49% 7.54% 9.86% 10.25% 10.46% 11.11%
EPS 2 0.5000 0.5500 0.7600 0.9000 1.000 1.283 1.697 2.055
Free Cash Flow - - - 284.9 - - - -
FCF margin - - - 2.37% - - - -
FCF Conversion (EBITDA) - - - 22.86% - - - -
FCF Conversion (Net income) - - - 31.45% - - - -
Dividend per Share 2 0.0600 0.0600 0.0800 0.1000 0.1500 0.1575 0.2000 0.2750
Announcement Date 4/14/20 4/8/21 3/29/22 2/28/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - 2,633 3,160 - 2,359 2,184 3,001 2,170 2,876 2,990 3,571
EBITDA - - - - - - - - - - -
EBIT 1 - - - - - 255.7 185.5 308.3 293 296.4 211.2
Operating Margin - - - - - 11.71% 6.18% 14.21% 10.19% 9.91% 5.91%
Earnings before Tax (EBT) - - - - - - - - - - -
Net income 563.3 - - - - - - - - - -
Net margin - - - - - - - - - - -
EPS 2 0.5600 0.1600 0.1800 0.3100 0.2700 0.2300 0.1900 0.2900 0.3500 0.3600 0.2800
Dividend per Share - - - - - - - - - - -
Announcement Date 7/27/22 10/27/22 2/28/23 4/16/23 8/20/23 10/26/23 3/27/24 4/25/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - 2,305 1,455 389 1,639 2,458 3,077 4,153
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - 285 - - - -
ROE (net income / shareholders' equity) 8.52% 8.61% 10.9% 11.6% 11.6% 12.5% 14.3% 14.2%
ROA (Net income/ Total Assets) 5.48% 5.32% 6.1% 5.91% - 6.86% 7.35% 7.69%
Assets 1 9,172 10,344 12,480 15,338 - 18,806 23,205 26,862
Book Value Per Share 2 6.110 6.600 7.350 8.190 9.110 10.30 11.50 13.50
Cash Flow per Share 2 0.4100 0.3700 0.0900 0.5800 1.470 0.8400 1.150 0.8200
Capex 1 349 235 347 294 376 385 357 458
Capex / Sales 6.39% 3.83% 3.42% 2.45% 3.68% 3.06% 2.19% 2.47%
Announcement Date 4/14/20 4/8/21 3/29/22 2/28/23 3/27/24 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
33.52 CNY
Average target price
40.71 CNY
Spread / Average Target
+21.44%
Consensus
  1. Stock Market
  2. Equities
  3. 000988 Stock
  4. Financials Huagong Tech Company Limited