Financials Johnson Electric Holdings Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:20 2024-04-26 am EDT			5-day change	1st Jan Change
10.94 ^HKD	+4.19%		+12.32%	-11.77%

Mar. 06	Johnson Electric Holdings Limited Appoints David Alan Rosenthal as an Independent Non- Executive Director and A Member of the Remuneration Committee	CI
Jan. 15	Johnson Electric Posts 7% Growth in Nine-Month Sales	MT

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,003	1,395	2,381	1,229	1,044	1,296	-	-
Enterprise Value (EV) ¹	2,349	1,428	2,381	1,229	1,044	1,095	990.4	885.6
P/E ratio	7.33 x	-2.82 x	11.3 x	8.53 x	6.54 x	6.51 x	6.23 x	6.21 x
Yield	2.82%	1.39%	2.43%	3.15%	5.77%	5.39%	5.82%	6.18%
Capitalization / Revenue	0.61 x	0.45 x	0.75 x	0.36 x	0.29 x	0.34 x	0.32 x	0.31 x
EV / Revenue	0.72 x	0.46 x	0.75 x	0.36 x	0.29 x	0.28 x	0.25 x	0.21 x
EV / EBITDA	4.28 x	2.74 x	4.67 x	2.61 x	2.21 x	2.02 x	1.69 x	1.45 x
EV / FCF	36,474,440 x	5,919,362 x	-	-	-	-	-	-
FCF Yield	0%	0%	-	-	-	-	-	-
Price to Book	0.81 x	0.77 x	1.08 x	0.51 x	0.42 x	0.5 x	0.48 x	0.46 x
Nbr of stocks (in thousands)	864,744	886,184	885,797	887,836	920,776	927,370	-	-
Reference price ²	2.316	1.574	2.688	1.384	1.134	1.397	1.397	1.397
Announcement Date	5/16/19	5/13/20	5/12/21	5/12/22	5/18/23	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: Marzo	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,280	3,070	3,156	3,446	3,646	3,847	4,018	4,154
EBITDA ¹	549.3	521	509.6	470.8	472.9	541	585.7	612.7
EBIT ¹	344.2	341	258.6	187.5	198.7	262.8	291.4	300.7
Operating Margin	10.49%	11.11%	8.19%	5.44%	5.45%	6.83%	7.25%	7.24%
Earnings before Tax (EBT) ¹	327.9	-471.7	-	170.1	181	228.9	239.4	239.8
Net income ¹	281.3	-493.7	212	146.4	157.8	200.5	209.8	210.1
Net margin	8.58%	-16.08%	6.72%	4.25%	4.33%	5.21%	5.22%	5.06%
EPS ²	0.3160	-0.5584	0.2380	0.1623	0.1733	0.2145	0.2245	0.2249
Free Cash Flow	64.4	241.2	-	-	-	-	-	-
FCF margin	1.96%	7.86%	-	-	-	-	-	-
FCF Conversion (EBITDA)	11.72%	46.3%	-	-	-	-	-	-
FCF Conversion (Net income)	22.89%	-	-	-	-	-	-	-
Dividend per Share ²	0.0654	0.0218	0.0654	0.0436	0.0654	0.0753	0.0814	0.0864
Announcement Date	5/16/19	5/13/20	5/12/21	5/12/22	5/18/23	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	346	32.9	-	-	-	-	-	-
Net Cash position ¹	-	-	-	-	-	201	306	410
Leverage (Debt/EBITDA)	0.6293 x	0.0632 x	-	-	-	-	-	-
Free Cash Flow	64.4	241	-	-	-	-	-	-
ROE (net income / shareholders' equity)	11.8%	-21.8%	10.4%	6.31%	6.49%	8.47%	8.96%	8.69%
ROA (Net income/ Total Assets)	6.79%	-12.8%	-	-	-	4.74%	4.72%	4.54%
Assets ¹	4,140	3,869	-	-	-	4,225	4,446	4,629
Book Value Per Share ²	2.870	2.050	2.490	2.700	2.700	2.770	2.910	3.050
Cash Flow per Share ²	-	-	0.4800	0.2000	0.4800	0.6900	0.5600	0.6000
Capex ¹	391	282	-	-	-	250	280	310
Capex / Sales	11.93%	9.19%	-	-	-	6.5%	6.97%	7.46%
Announcement Date	5/16/19	5/13/20	5/12/21	5/12/22	5/18/23	-	-	-

¹USD in Million²USD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

A-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.397 USD

Average target price

2.32 USD

Spread / Average Target

+66.05%

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