HUAYU AUTOMOTIVE SYSTEMS COMPANY LIMITED Financials HUAYU Automotive Systems Company Limited
Equities
600741
CNE000000M15
Auto, Truck & Motorcycle Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.75 CNY | +0.85% |
|
-1.66% | +9.03% |
| Apr. 26 | HUAYU Automotive Systems Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Mar. 29 | Huayu Automotive Systems' 2023 Profit, Revenue Beat Estimates | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 81,939 | 90,862 | 89,222 | 54,637 | 51,326 | 55,961 | - | - |
| Enterprise Value (EV) 1 | 60,503 | 66,599 | 71,381 | 34,520 | 27,360 | 28,729 | 23,129 | 16,453 |
| P/E ratio | 12.7 x | 16.8 x | 13.8 x | 7.58 x | 7.12 x | 7.77 x | 7.18 x | 6.53 x |
| Yield | 3.27% | 2.6% | 3% | 5.08% | 4.61% | 4.38% | 4.78% | 5.04% |
| Capitalization / Revenue | 0.57 x | 0.68 x | 0.64 x | 0.35 x | 0.3 x | 0.31 x | 0.29 x | 0.28 x |
| EV / Revenue | 0.42 x | 0.5 x | 0.51 x | 0.22 x | 0.16 x | 0.16 x | 0.12 x | 0.08 x |
| EV / EBITDA | 4.4 x | 5.22 x | 5.13 x | 2.46 x | 1.96 x | 2.29 x | 1.75 x | 1.19 x |
| EV / FCF | 15.3 x | 11.7 x | 15 x | - | 4.17 x | 5.52 x | 3.95 x | 2.46 x |
| FCF Yield | 6.53% | 8.57% | 6.68% | - | 24% | 18.1% | 25.3% | 40.7% |
| Price to Book | 1.66 x | 1.73 x | 1.8 x | 1.03 x | 0.89 x | 0.89 x | 0.83 x | 0.77 x |
| Nbr of stocks (in thousands) | 3,152,724 | 3,152,724 | 3,152,724 | 3,152,724 | 3,152,724 | 3,152,724 | - | - |
| Reference price 2 | 25.99 | 28.82 | 28.30 | 17.33 | 16.28 | 17.75 | 17.75 | 17.75 |
| Announcement Date | 4/10/20 | 3/24/21 | 4/28/22 | 4/27/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 144,024 | 133,578 | 139,944 | 158,268 | 168,594 | 178,534 | 189,773 | 200,485 |
| EBITDA 1 | 13,742 | 12,753 | 13,904 | 14,031 | 13,943 | 12,548 | 13,240 | 13,787 |
| EBIT 1 | 9,157 | 7,919 | 8,928 | 9,108 | 8,818 | 8,449 | 8,747 | 9,752 |
| Operating Margin | 6.36% | 5.93% | 6.38% | 5.75% | 5.23% | 4.73% | 4.61% | 4.86% |
| Earnings before Tax (EBT) 1 | 9,435 | 7,940 | 8,964 | 9,139 | 9,039 | 9,373 | 9,939 | 11,076 |
| Net income 1 | 6,463 | 5,403 | 6,469 | 7,203 | 7,214 | 7,203 | 7,729 | 8,566 |
| Net margin | 4.49% | 4.05% | 4.62% | 4.55% | 4.28% | 4.03% | 4.07% | 4.27% |
| EPS 2 | 2.050 | 1.714 | 2.052 | 2.285 | 2.288 | 2.285 | 2.474 | 2.718 |
| Free Cash Flow 1 | 3,950 | 5,709 | 4,766 | - | 6,555 | 5,205 | 5,860 | 6,697 |
| FCF margin | 2.74% | 4.27% | 3.41% | - | 3.89% | 2.92% | 3.09% | 3.34% |
| FCF Conversion (EBITDA) | 28.75% | 44.76% | 34.28% | - | 47.01% | 41.48% | 44.26% | 48.57% |
| FCF Conversion (Net income) | 61.12% | 105.65% | 73.67% | - | 90.86% | 72.26% | 75.82% | 78.18% |
| Dividend per Share 2 | 0.8500 | 0.7500 | 0.8500 | 0.8800 | 0.7500 | 0.7769 | 0.8484 | 0.8941 |
| Announcement Date | 4/10/20 | 3/24/21 | 4/28/22 | 4/27/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 39,610 | - | 31,379 | 44,564 | 44,954 | 36,815 | 40,155 | 44,589 | 47,035 | 37,021 | 43,252 | 47,227 | 51,981 | 42,871 | 46,760 |
| EBITDA 1 | 1,828 | - | 1,633 | 3,542 | - | - | - | - | - | - | 2,869 | 2,869 | 3,183 | - | - |
| EBIT 1 | 2,076 | - | 1,007 | 2,964 | 2,885 | - | 1,478 | 2,330 | 3,163 | 1,511 | 1,392 | 1,501 | 1,747 | - | - |
| Operating Margin | 5.24% | - | 3.21% | 6.65% | 6.42% | - | 3.68% | 5.22% | 6.73% | 4.08% | 3.22% | 3.18% | 3.36% | - | - |
| Earnings before Tax (EBT) 1 | 2,082 | - | 1,021 | 2,990 | 2,873 | - | - | - | 3,188 | 1,546 | 2,540 | 2,540 | 3,048 | - | - |
| Net income 1 | 1,767 | - | 810.5 | 2,360 | 2,326 | - | - | - | 2,474 | 1,263 | 2,037 | 2,037 | 2,445 | - | - |
| Net margin | 4.46% | - | 2.58% | 5.3% | 5.17% | - | - | - | 5.26% | 3.41% | 4.71% | 4.31% | 4.7% | - | - |
| EPS 2 | 0.5600 | 0.5410 | 0.2600 | 0.7500 | 0.7400 | 0.4550 | 0.4400 | 0.6000 | 0.7900 | 0.4010 | 0.4954 | 0.5921 | 0.6652 | - | - |
| Dividend per Share 2 | 0.8500 | - | - | - | 0.8800 | - | - | - | - | - | - | - | 0.9047 | - | - |
| Announcement Date | 4/28/22 | 4/28/22 | 8/24/22 | 10/27/22 | 4/27/23 | 4/27/23 | 8/29/23 | 10/25/23 | 3/28/24 | 4/26/24 | - | - | - | - | - |
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 | 21,436 | 24,263 | 17,841 | 20,117 | 23,967 | 27,232 | 32,832 | 39,507 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 3,950 | 5,709 | 4,766 | - | 6,555 | 5,205 | 5,860 | 6,697 |
| ROE (net income / shareholders' equity) | 13.6% | 10.6% | 12.7% | 14.1% | 13% | 12.3% | 12.6% | 12.6% |
| ROA (Net income/ Total Assets) | 4.74% | 3.73% | 4.25% | 4.55% | - | 3.95% | 3.86% | 3.62% |
| Assets 1 | 136,411 | 144,782 | 152,210 | 158,321 | - | 182,469 | 200,327 | 236,951 |
| Book Value Per Share 2 | 15.70 | 16.70 | 15.70 | 16.80 | 18.30 | 19.80 | 21.30 | 23.10 |
| Cash Flow per Share 2 | 3.060 | 2.970 | 2.810 | 3.170 | 3.590 | 3.510 | 3.760 | 4.080 |
| Capex 1 | 5,124 | 3,668 | 4,082 | 5,060 | 4,761 | 4,954 | 5,223 | 4,469 |
| Capex / Sales | 3.56% | 2.75% | 2.92% | 3.2% | 2.82% | 2.77% | 2.75% | 2.23% |
| Announcement Date | 4/10/20 | 3/24/21 | 4/28/22 | 4/27/23 | 3/28/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
17.75
CNY
Average target price
20.92
CNY
Spread / Average Target
+17.87%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.03% | 7.72B | |
| +29.62% | 50.98B | |
| +25.77% | 20.39B | |
| -20.63% | 19.42B | |
| +1.48% | 15.84B | |
| +31.67% | 17.27B | |
| -14.23% | 14.09B | |
| -18.75% | 13.35B | |
| +31.97% | 11.74B | |
| +14.27% | 9.65B |
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- Financials HUAYU Automotive Systems Company Limited
