Financials Jiangxi Special Electric Motor Co.,Ltd

Equities

002176

CNE1000007F4

Specialty Mining & Metals

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
9.72 CNY -3.76% Intraday chart for Jiangxi Special Electric Motor Co.,Ltd +6.58% -28.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 10,016 6,416 6,365 35,423 29,741 22,980
Enterprise Value (EV) 1 11,986 7,840 7,581 36,396 29,121 23,331
P/E ratio -5.19 x -3.16 x 373 x 90.3 x 12.8 x -58.7 x
Yield - - - - - -
Capitalization / Revenue 3.32 x 2.47 x 3.45 x 11.9 x 4.53 x 8.21 x
EV / Revenue 3.97 x 3.02 x 4.11 x 12.2 x 4.43 x 8.34 x
EV / EBITDA 291 x -10.1 x 129 x 51.6 x 9.53 x -290 x
EV / FCF -20.1 x 12.4 x -173 x 632 x 21.6 x 74.1 x
FCF Yield -4.98% 8.04% -0.58% 0.16% 4.63% 1.35%
Price to Book 2.78 x 4.13 x 4.06 x 18.1 x 6.98 x 7.52 x
Nbr of stocks (in thousands) 1,706,326 1,706,326 1,706,326 1,706,326 1,704,333 1,702,251
Reference price 2 5.870 3.760 3.730 20.76 17.45 13.50
Announcement Date 4/25/19 4/28/20 3/17/21 4/28/22 4/24/23 4/28/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,017 2,595 1,844 2,982 6,572 2,799
EBITDA 1 41.18 -778.6 58.62 705 3,055 -80.44
EBIT 1 -164.8 -1,097 -117.7 530.1 2,877 -288.7
Operating Margin -5.46% -42.27% -6.38% 17.77% 43.77% -10.31%
Earnings before Tax (EBT) 1 -1,739 -2,135 1.972 473.1 2,758 -380.7
Net income 1 -1,660 -2,024 14.33 385.8 2,326 -396.9
Net margin -55.04% -78.03% 0.78% 12.94% 35.4% -14.18%
EPS 2 -1.130 -1.190 0.0100 0.2300 1.360 -0.2300
Free Cash Flow 1 -596.6 630.7 -43.71 57.62 1,350 314.7
FCF margin -19.78% 24.31% -2.37% 1.93% 20.54% 11.24%
FCF Conversion (EBITDA) - - - 8.17% 44.18% -
FCF Conversion (Net income) - - - 14.94% 58.01% -
Dividend per Share - - - - - -
Announcement Date 4/25/19 4/28/20 3/17/21 4/28/22 4/24/23 4/28/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,969 1,424 1,217 973 - 351
Net Cash position 1 - - - - 619 -
Leverage (Debt/EBITDA) 47.82 x -1.83 x 20.76 x 1.38 x - -4.359 x
Free Cash Flow 1 -597 631 -43.7 57.6 1,350 315
ROE (net income / shareholders' equity) -42.3% -76.7% 0.82% 21.4% 74% -9.65%
ROA (Net income/ Total Assets) -1.08% -8.84% -1.41% 6.47% 28.4% -2.66%
Assets 1 153,762 22,889 -1,016 5,966 8,189 14,926
Book Value Per Share 2 2.110 0.9100 0.9200 1.140 2.500 1.800
Cash Flow per Share 2 0.8700 0.2800 0.2600 0.4400 0.5900 0.2400
Capex 1 415 200 185 134 202 487
Capex / Sales 13.75% 7.71% 10.01% 4.48% 3.07% 17.41%
Announcement Date 4/25/19 4/28/20 3/17/21 4/28/22 4/24/23 4/28/24
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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