Financials Huazhong In-Vehicle Holdings Company Limited

Equities

6830

KYG4657L1041

Auto, Truck & Motorcycle Parts

Delayed Hong Kong S.E. 01:51:35 2024-04-29 am EDT 5-day change 1st Jan Change
2.39 HKD +3.46% Intraday chart for Huazhong In-Vehicle Holdings Company Limited +4.82% +2.14%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,311 2,035 1,708 893.4 4,498 3,875
Enterprise Value (EV) 1 1,937 2,724 2,369 1,521 5,156 4,367
P/E ratio 9.49 x 14.7 x 20.3 x 8.31 x 88.9 x 35.8 x
Yield 1.05% 0.68% 0.49% 1.2% 0.17% 0.34%
Capitalization / Revenue 0.74 x 1.03 x 0.79 x 0.45 x 2.37 x 2.01 x
EV / Revenue 1.1 x 1.38 x 1.09 x 0.76 x 2.72 x 2.27 x
EV / EBITDA 7.02 x 11.6 x 12 x 7.33 x 39.5 x 24.1 x
EV / FCF -32 x -26 x -233 x -64 x -197 x -29.9 x
FCF Yield -3.12% -3.84% -0.43% -1.56% -0.51% -3.34%
Price to Book 1.6 x 2.16 x 1.65 x 0.78 x 3.82 x 3.03 x
Nbr of stocks (in thousands) 1,769,194 1,769,194 1,769,194 1,769,194 1,769,194 1,769,194
Reference price 2 0.7413 1.150 0.9652 0.5050 2.542 2.190
Announcement Date 4/26/18 4/18/19 4/27/20 4/28/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,762 1,979 2,174 2,005 1,895 1,925
EBITDA 1 276.2 235.3 197 207.5 130.5 180.9
EBIT 1 202.2 154.2 106.4 101.3 21.64 47.72
Operating Margin 11.48% 7.79% 4.9% 5.06% 1.14% 2.48%
Earnings before Tax (EBT) 1 195 177.3 111.8 134.5 103.2 143.3
Net income 1 138.2 138.7 84.09 107.6 50.67 108.3
Net margin 7.84% 7.01% 3.87% 5.37% 2.67% 5.63%
EPS 2 0.0781 0.0784 0.0475 0.0608 0.0286 0.0612
Free Cash Flow 1 -60.52 -104.6 -10.18 -23.76 -26.13 -145.9
FCF margin -3.44% -5.28% -0.47% -1.19% -1.38% -7.58%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.007809 0.007840 0.004750 0.006080 0.004296 0.007346
Announcement Date 4/26/18 4/18/19 4/27/20 4/28/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 626 689 661 627 658 492
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.267 x 2.927 x 3.357 x 3.022 x 5.042 x 2.718 x
Free Cash Flow 1 -60.5 -105 -10.2 -23.8 -26.1 -146
ROE (net income / shareholders' equity) 18.2% 15.4% 8.52% 9.78% 6.2% 8.82%
ROA (Net income/ Total Assets) 5.02% 3.42% 2.1% 1.93% 0.41% 0.91%
Assets 1 2,752 4,060 4,012 5,564 12,281 11,906
Book Value Per Share 2 0.4600 0.5300 0.5900 0.6500 0.6700 0.7200
Cash Flow per Share 2 0.0500 0.0400 0.1100 0.0500 0.0300 0.0600
Capex 1 165 196 240 209 160 53.8
Capex / Sales 9.37% 9.88% 11.05% 10.45% 8.47% 2.8%
Announcement Date 4/26/18 4/18/19 4/27/20 4/28/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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