MING YANG SMART ENERGY GROUP LIMITED Financials Ming Yang Smart Energy Group Limited London S.E.
Equities
MYSE
US6034912005
Renewable Energy Equipment & Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.8 CNY | 0.00% |
|
0.00% | -21.84% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 16,971 | 35,588 | 50,451 | 56,803 | 27,973 | 21,204 | - | - |
| Enterprise Value (EV) 1 | 16,971 | 35,588 | 42,297 | 53,214 | 29,947 | 21,921 | 22,623 | 24,357 |
| P/E ratio | 23.2 x | 21.1 x | 16.3 x | 16 x | 78.4 x | 10.1 x | 7.56 x | 6.65 x |
| Yield | 0.63% | 0.58% | 0.85% | 1.2% | 2.43% | 2.73% | 3.52% | 3.14% |
| Capitalization / Revenue | 1.62 x | 1.58 x | 1.86 x | 1.85 x | 1 x | 0.5 x | 0.43 x | 0.43 x |
| EV / Revenue | 1.62 x | 1.58 x | 1.56 x | 1.73 x | 1.08 x | 0.52 x | 0.45 x | 0.5 x |
| EV / EBITDA | 14.4 x | 16.6 x | 9.49 x | 11 x | 20.6 x | 4.16 x | 3.28 x | 3.83 x |
| EV / FCF | - | - | -21.3 x | -6.05 x | -2.94 x | -4.42 x | -10.5 x | 435 x |
| FCF Yield | - | - | -4.69% | -16.5% | -34.1% | -22.6% | -9.49% | 0.23% |
| Price to Book | 2.53 x | 2.45 x | 2.78 x | 2.04 x | 1.04 x | 0.7 x | 0.64 x | 0.65 x |
| Nbr of stocks (in thousands) | 1,379,722 | 1,875,015 | 1,932,986 | 2,248,745 | 2,230,724 | 2,150,474 | - | - |
| Reference price 2 | 12.30 | 18.98 | 26.10 | 25.26 | 12.54 | 9.860 | 9.860 | 9.860 |
| Announcement Date | 4/21/20 | 4/7/21 | 3/1/22 | 4/28/23 | 4/11/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,493 | 22,457 | 27,158 | 30,748 | 27,850 | 42,042 | 49,794 | 49,170 |
| EBITDA 1 | 1,178 | 2,142 | 4,455 | 4,848 | 1,454 | 5,270 | 6,896 | 6,352 |
| EBIT 1 | 738.8 | 1,579 | 3,623 | 3,865 | 379 | 3,723 | 4,659 | 3,977 |
| Operating Margin | 7.04% | 7.03% | 13.34% | 12.57% | 1.36% | 8.85% | 9.36% | 8.09% |
| Earnings before Tax (EBT) 1 | 747.5 | 1,477 | 3,589 | 3,858 | 358 | 3,006 | 3,790 | 3,686 |
| Net income 1 | 712.6 | 1,374 | 3,101 | 3,455 | 375 | 2,217 | 2,962 | 3,366 |
| Net margin | 6.79% | 6.12% | 11.42% | 11.24% | 1.35% | 5.27% | 5.95% | 6.85% |
| EPS 2 | 0.5300 | 0.9000 | 1.600 | 1.580 | 0.1600 | 0.9765 | 1.305 | 1.483 |
| Free Cash Flow 1 | - | - | -1,982 | -8,800 | -10,201 | -4,964 | -2,147 | 56 |
| FCF margin | - | - | -7.3% | -28.62% | -36.63% | -11.81% | -4.31% | 0.11% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | 0.88% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | 1.66% |
| Dividend per Share 2 | 0.0780 | 0.1100 | 0.2211 | 0.3041 | 0.3041 | 0.2692 | 0.3474 | 0.3100 |
| Announcement Date | 4/21/20 | 4/7/21 | 3/1/22 | 4/28/23 | 4/11/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 7,426 | 9,084 | 2,720 | 7,840 | 10,399 | 6,892 | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT | 443.1 | -83.86 | -282.1 | 979.5 | 664.9 | -986.3 | - | - | - | - |
| Operating Margin | 5.97% | -0.92% | -10.37% | 12.49% | 6.39% | -14.31% | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| EPS | 0.4300 | - | -0.1000 | 0.3900 | 0.2600 | -0.3900 | 0.1300 | - | - | - |
| Dividend per Share 1 | - | 0.3041 | - | - | - | 0.3041 | - | - | - | 0.4121 |
| Announcement Date | 10/27/22 | 4/28/23 | 4/28/23 | 8/30/23 | 10/27/23 | 4/11/24 | 4/28/24 | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 1,974 | 717 | 1,419 | 3,153 |
| Net Cash position 1 | - | - | 8,154 | 3,589 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | 1.357 x | 0.1361 x | 0.2058 x | 0.4964 x |
| Free Cash Flow 1 | - | - | -1,982 | -8,800 | -10,201 | -4,964 | -2,147 | 56 |
| ROE (net income / shareholders' equity) | 12.1% | 15.7% | 18.4% | 14.6% | 1.34% | 10% | 11.5% | 10.8% |
| ROA (Net income/ Total Assets) | 2.5% | 3.18% | 5.8% | 5.29% | 0.49% | 3.08% | 3.23% | 3.16% |
| Assets 1 | 28,514 | 43,156 | 53,446 | 65,245 | 76,923 | 71,913 | 91,633 | 106,696 |
| Book Value Per Share 2 | 4.870 | 7.750 | 9.400 | 12.40 | 12.10 | 14.00 | 15.40 | 15.20 |
| Cash Flow per Share 2 | 4.170 | 1.940 | 2.760 | -0.3500 | -1.140 | 0.8000 | 2.590 | 3.530 |
| Capex 1 | 2,320 | 3,306 | 7,380 | 8,004 | 7,610 | 7,304 | 7,381 | 4,572 |
| Capex / Sales | 22.11% | 14.72% | 27.17% | 26.03% | 27.32% | 17.37% | 14.82% | 9.3% |
| Announcement Date | 4/21/20 | 4/7/21 | 3/1/22 | 4/28/23 | 4/11/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
9.86
CNY
Average target price
15.97
CNY
Spread / Average Target
+62.00%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +96.92% | 19.74B | |
| +7.89% | 19.06B | |
| -36.00% | 5.45B | |
| -35.54% | 2B | |
| -32.80% | 1.71B | |
| +170.83% | 1.33B | |
| -33.00% | 1.02B | |
| -1.09% | 1.01B | |
| +32.39% | 961M |
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- Financials Ming Yang Smart Energy Group Limited
