Financials Launch Tech Company Limited

Equities

2488

CNE1000000V6

Industrial Machinery & Equipment

Market Closed - Hong Kong S.E. 04:08:06 2024-04-30 am EDT 5-day change 1st Jan Change
2.76 HKD +0.36% Intraday chart for Launch Tech Company Limited +8.66% +58.62%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,263 1,232 1,535 1,042 1,023 657.6
Enterprise Value (EV) 1 2,229 1,246 1,420 1,026 950.4 422
P/E ratio 39.6 x -9.08 x -12.7 x 11.3 x 3.12 x 4.02 x
Yield 1.6% - - - - 36.7%
Capitalization / Revenue 2.16 x 1.31 x 1.44 x 0.78 x 0.87 x 0.41 x
EV / Revenue 2.13 x 1.32 x 1.33 x 0.76 x 0.81 x 0.26 x
EV / EBITDA 13 x -35.8 x -172 x 6.67 x 10.2 x 1.98 x
EV / FCF -196 x 15.3 x 8.83 x -15.2 x -3.75 x 1.59 x
FCF Yield -0.51% 6.52% 11.3% -6.56% -26.7% 62.8%
Price to Book 2.33 x 1.59 x 2.35 x 1.4 x 0.95 x 0.62 x
Nbr of stocks (in thousands) 435,569 432,217 432,217 432,217 432,217 415,788
Reference price 2 5.195 2.851 3.552 2.412 2.367 1.581
Announcement Date 4/29/19 5/3/20 4/27/21 4/28/22 4/28/23 4/19/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,049 941.7 1,069 1,345 1,177 1,598
EBITDA 1 171.1 -34.85 -8.272 153.8 92.82 213.3
EBIT 1 87.42 -120.6 -84.84 111.3 60.34 191.8
Operating Margin 8.34% -12.81% -7.94% 8.27% 5.13% 12%
Earnings before Tax (EBT) 1 62.85 -135.6 -119.3 102.1 342.5 172.8
Net income 1 58.91 -136.9 -120.5 92.39 328 168.9
Net margin 5.62% -14.54% -11.27% 6.87% 27.87% 10.57%
EPS 2 0.1311 -0.3140 -0.2787 0.2138 0.7590 0.3932
Free Cash Flow 1 -11.38 81.22 160.7 -67.31 -253.7 265.1
FCF margin -1.09% 8.62% 15.04% -5.01% -21.55% 16.58%
FCF Conversion (EBITDA) - - - - - 124.28%
FCF Conversion (Net income) - - - - - 156.93%
Dividend per Share 2 0.0833 - - - - 0.5800
Announcement Date 4/29/19 5/3/20 4/27/21 4/28/22 4/28/23 4/19/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 14 - - - -
Net Cash position 1 33.8 - 116 16.5 72.7 236
Leverage (Debt/EBITDA) - -0.4024 x - - - -
Free Cash Flow 1 -11.4 81.2 161 -67.3 -254 265
ROE (net income / shareholders' equity) 5.75% -15.7% -16.9% 13.2% 36.1% 15.7%
ROA (Net income/ Total Assets) 3.46% -4.73% -3.49% 4.7% 2.13% 6.24%
Assets 1 1,701 2,893 3,448 1,964 15,406 2,706
Book Value Per Share 2 2.230 1.790 1.510 1.720 2.480 2.570
Cash Flow per Share 2 0.7300 1.110 0.9200 0.9600 1.220 1.490
Capex 1 79 94.3 45.4 49.1 62.1 86.6
Capex / Sales 7.54% 10.01% 4.25% 3.65% 5.28% 5.42%
Announcement Date 4/29/19 5/3/20 4/27/21 4/28/22 4/28/23 4/19/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. 2488 Stock
  4. Financials Launch Tech Company Limited