Financials Jiangsu Shemar Electric Co.,Ltd

Equities

603530

CNE100003M10

Electrical Components & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
20.46 CNY +2.20% Intraday chart for Jiangsu Shemar Electric Co.,Ltd +5.14% -1.35%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 8,093 9,173 8,295 6,488 8,965
Enterprise Value (EV) 1 7,752 8,866 7,718 6,006 8,521
P/E ratio 59.5 x 69.5 x 80 x 136 x 56.1 x
Yield 1.09% 0.57% 0.52% 0.33% 1.25%
Capitalization / Revenue 12.9 x 13.8 x 11.3 x 8.8 x 9.35 x
EV / Revenue 12.3 x 13.4 x 10.6 x 8.14 x 8.88 x
EV / EBITDA 44.5 x 44 x 54.6 x 82.3 x 38 x
EV / FCF 74.3 x 106 x 887 x 138 x 1,434 x
FCF Yield 1.35% 0.94% 0.11% 0.72% 0.07%
Price to Book 7.53 x 8.2 x 5.23 x 4.08 x 5.38 x
Nbr of stocks (in thousands) 400,044 400,044 432,263 432,263 432,263
Reference price 2 20.23 22.93 19.19 15.01 20.74
Announcement Date 4/27/20 3/29/21 4/26/22 4/18/23 4/11/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 653.6 628.7 663 731.2 737.4 959.1
EBITDA 1 160.7 174.1 201.4 141.3 73.02 224.4
EBIT 1 121.4 136.2 162.1 94.15 17.23 153.3
Operating Margin 18.57% 21.65% 24.46% 12.88% 2.34% 15.98%
Earnings before Tax (EBT) 1 141.3 149.3 175.1 117.6 52.71 186.7
Net income 1 121.6 127.2 130.7 100.6 49.13 158.4
Net margin 18.6% 20.24% 19.71% 13.75% 6.66% 16.52%
EPS 2 0.3376 0.3400 0.3300 0.2400 0.1100 0.3700
Free Cash Flow 1 116 104.3 83.27 8.698 43.39 5.944
FCF margin 17.75% 16.59% 12.56% 1.19% 5.88% 0.62%
FCF Conversion (EBITDA) 72.18% 59.94% 41.35% 6.16% 59.42% 2.65%
FCF Conversion (Net income) 95.43% 81.99% 63.71% 8.65% 88.32% 3.75%
Dividend per Share - 0.2200 0.1300 0.1000 0.0500 0.2600
Announcement Date 6/24/19 4/27/20 3/29/21 4/26/22 4/18/23 4/11/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 74.8 341 307 577 482 444
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 116 104 83.3 8.7 43.4 5.94
ROE (net income / shareholders' equity) 17.9% 14% 11.9% 7.44% 3.09% 9.78%
ROA (Net income/ Total Assets) 8.51% 7.53% 7.4% 3.52% 0.53% 4.64%
Assets 1 1,429 1,690 1,766 2,857 9,290 3,416
Book Value Per Share 2 2.060 2.690 2.790 3.670 3.680 3.860
Cash Flow per Share 2 0.2100 0.8500 0.5700 0.7300 1.220 0.9600
Capex 1 15.4 77.1 36.1 63.1 60.6 45.2
Capex / Sales 2.36% 12.26% 5.44% 8.63% 8.22% 4.71%
Announcement Date 6/24/19 4/27/20 3/29/21 4/26/22 4/18/23 4/11/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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