HUIZHOU DESAY SV AUTOMOTIVE CO., LTD. Financials Huizhou Desay SV Automotive Co., Ltd.
Equities
002920
CNE1000033C7
Electronic Equipment & Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 118 CNY | +2.80% |
|
+0.02% | -8.86% |
| Apr. 19 | Huizhou Desay SV Automotive's Q1 Profit Jumps 16%; Shares Plunge 10% | MT |
| Apr. 18 | Huizhou Desay SV Automotive Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 16,682 | 46,277 | 78,577 | 58,493 | 71,881 | 65,507 | - | - |
| Enterprise Value (EV) 1 | 16,682 | 45,668 | 77,739 | 58,391 | 71,642 | 66,256 | 64,383 | 61,314 |
| P/E ratio | 57.2 x | 89.5 x | 93.7 x | 49.5 x | 46.3 x | 32.4 x | 23.7 x | 18.7 x |
| Yield | 0.66% | 0.36% | 0.32% | 0.52% | 0.65% | 0.81% | 1.21% | 1.58% |
| Capitalization / Revenue | 3.13 x | 6.81 x | 8.21 x | 3.92 x | 3.28 x | 2.3 x | 1.86 x | 1.53 x |
| EV / Revenue | 3.13 x | 6.72 x | 8.12 x | 3.91 x | 3.27 x | 2.33 x | 1.83 x | 1.43 x |
| EV / EBITDA | 36.1 x | 59 x | 67 x | 37.5 x | 35.2 x | 24.9 x | 18.6 x | 14.4 x |
| EV / FCF | - | -417 x | 459 x | -85 x | 1,962 x | -142 x | 84.3 x | 53.9 x |
| FCF Yield | - | -0.24% | 0.22% | -1.18% | 0.05% | -0.71% | 1.19% | 1.85% |
| Price to Book | 3.96 x | 9.97 x | 14.7 x | 9.03 x | 9.04 x | 7.01 x | 5.49 x | 4.42 x |
| Nbr of stocks (in thousands) | 550,000 | 550,000 | 555,274 | 555,274 | 555,023 | 555,006 | - | - |
| Reference price 2 | 30.33 | 84.14 | 141.5 | 105.3 | 129.5 | 118.0 | 118.0 | 118.0 |
| Announcement Date | 2/27/20 | 4/13/21 | 4/14/22 | 3/29/23 | 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 | 5,337 | 6,799 | 9,569 | 14,933 | 21,908 | 28,457 | 35,141 | 42,786 |
| EBITDA 1 | 462.7 | 773.7 | 1,160 | 1,557 | 2,035 | 2,656 | 3,464 | 4,251 |
| EBIT 1 | 252.6 | 535.6 | 856.7 | 1,158 | 1,537 | 2,060 | 2,887 | 3,753 |
| Operating Margin | 4.73% | 7.88% | 8.95% | 7.76% | 7.01% | 7.24% | 8.21% | 8.77% |
| Earnings before Tax (EBT) 1 | 255 | 533.8 | 860.7 | 1,157 | 1,538 | 2,071 | 2,844 | 3,633 |
| Net income 1 | 292.1 | 518.1 | 832.9 | 1,184 | 1,547 | 2,019 | 2,763 | 3,504 |
| Net margin | 5.47% | 7.62% | 8.7% | 7.93% | 7.06% | 7.1% | 7.86% | 8.19% |
| EPS 2 | 0.5300 | 0.9400 | 1.510 | 2.130 | 2.800 | 3.638 | 4.977 | 6.308 |
| Free Cash Flow 1 | - | -109.5 | 169.2 | -686.6 | 36.51 | -468 | 764 | 1,137 |
| FCF margin | - | -1.61% | 1.77% | -4.6% | 0.17% | -1.64% | 2.17% | 2.66% |
| FCF Conversion (EBITDA) | - | - | 14.59% | - | 1.79% | - | 22.06% | 26.75% |
| FCF Conversion (Net income) | - | - | 20.32% | - | 2.36% | - | 27.65% | 32.45% |
| Dividend per Share 2 | 0.2000 | 0.3000 | 0.4500 | 0.5500 | 0.8400 | 0.9618 | 1.432 | 1.870 |
| Announcement Date | 2/27/20 | 4/13/21 | 4/14/22 | 3/29/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,267 | 3,142 | 3,266 | 3,704 | 4,822 | 8,526 | 3,983 | 4,741 | 8,724 | 5,746 | 7,438 | 13,184 | 5,648 | 7,059 | 7,187 | 8,385 | 7,896 | 7,586 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 281.1 | 376 | 241.2 | 201.9 | 339.2 | 541.1 | 389.6 | 282.9 | - | 363.9 | 547.1 | - | 455.3 | 454.1 | 494.5 | 594.8 | 764.4 | - |
| Operating Margin | 8.61% | 11.97% | 7.39% | 5.45% | 7.04% | 6.35% | 9.78% | 5.97% | - | 6.33% | 7.36% | - | 8.06% | 6.43% | 6.88% | 7.09% | 9.68% | - |
| Earnings before Tax (EBT) 1 | 281.6 | - | - | - | 336.4 | 539.6 | 389.7 | 270.1 | - | 331.6 | 546.8 | - | 452.7 | 521.3 | 484.1 | 446.8 | - | - |
| Net income 1 | 341.6 | - | - | - | 491.6 | 662.8 | 330.5 | 276.5 | 607.1 | 353.3 | 586.4 | - | 384.8 | 525.7 | 488.1 | 450.6 | - | - |
| Net margin | 10.46% | - | - | - | 10.19% | 7.77% | 8.3% | 5.83% | 6.96% | 6.15% | 7.88% | - | 6.81% | 7.45% | 6.79% | 5.37% | - | - |
| EPS 2 | 0.6200 | 0.5700 | 0.3700 | 0.3100 | 0.8900 | 1.190 | 0.5900 | 0.5000 | - | 0.6300 | 1.080 | - | 0.7000 | 0.7224 | 0.8132 | 1.051 | 1.240 | - |
| Dividend per Share 2 | 0.4500 | - | - | - | 0.5500 | - | - | - | - | - | 0.8400 | - | - | - | - | 1.015 | - | - |
| Announcement Date | 4/14/22 | 4/17/22 | 8/18/22 | 10/25/22 | 3/29/23 | 3/29/23 | 4/26/23 | 8/16/23 | 8/16/23 | 10/24/23 | 3/27/24 | 3/27/24 | 4/18/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 748 | - | - |
| Net Cash position 1 | - | 609 | 838 | 102 | 239 | - | 1,124 | 4,193 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 0.2818 x | - | - |
| Free Cash Flow 1 | - | -109 | 169 | -687 | 36.5 | -468 | 764 | 1,137 |
| ROE (net income / shareholders' equity) | 7.13% | 11.7% | 16.7% | 20.2% | 21.9% | 22.1% | 24.2% | 24.7% |
| ROA (Net income/ Total Assets) | 4.86% | 7.46% | 9.41% | 8.67% | 9.74% | 10.1% | 12% | 12.5% |
| Assets 1 | 6,012 | 6,949 | 8,851 | 13,651 | 15,885 | 19,993 | 22,962 | 28,063 |
| Book Value Per Share 2 | 7.660 | 8.440 | 9.610 | 11.70 | 14.30 | 16.80 | 21.50 | 26.70 |
| Cash Flow per Share 2 | 0.7200 | 0.8000 | 1.520 | 1.100 | 2.060 | 2.120 | 4.810 | 5.800 |
| Capex 1 | 395 | 431 | 674 | 1,296 | 1,105 | 975 | 810 | 774 |
| Capex / Sales | 7.4% | 6.34% | 7.04% | 8.68% | 5.04% | 3.43% | 2.31% | 1.81% |
| Announcement Date | 2/27/20 | 4/13/21 | 4/14/22 | 3/29/23 | 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
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
118
CNY
Average target price
139.8
CNY
Spread / Average Target
+18.48%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.86% | 9.04B | |
| +12.06% | 107B | |
| -0.62% | 29.43B | |
| +12.05% | 22.21B | |
| -16.05% | 17.75B | |
| -6.34% | 17.25B | |
| +8.74% | 15.28B | |
| -4.89% | 12.2B | |
| -2.85% | 10.42B | |
| -4.57% | 7.87B |
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