MING YANG SMART ENERGY GROUP LIMITED Financials Ming Yang Smart Energy Group Limited
Equities
601615
CNE100003HQ0
Renewable Energy Equipment & Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.24 CNY | +4.05% |
|
+4.52% | -26.32% |
| Apr. 12 | Mingyang Smart Energy Group Foresees Return to Profit in Q1 on Higher Sales | MT |
| Apr. 12 | Mingyang Smart Energy Group's 2023 Profit Plunges 89%; Shares Rise 4% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 16,971 | 35,588 | 50,451 | 56,803 | 20,159 | 20,159 | - |
| Enterprise Value (EV) 1 | 16,971 | 35,588 | 42,297 | 53,214 | 27,973 | 20,877 | 21,579 |
| P/E ratio | 23.2 x | 21.1 x | 16.3 x | 16 x | 8.23 x | 5.36 x | 4.16 x |
| Yield | 0.63% | 0.58% | 0.85% | 1.2% | 2.86% | 3.43% | 4.34% |
| Capitalization / Revenue | 1.62 x | 1.58 x | 1.86 x | 1.85 x | 1 x | 0.42 x | 0.35 x |
| EV / Revenue | 1.62 x | 1.58 x | 1.56 x | 1.73 x | 1 x | 0.43 x | 0.38 x |
| EV / EBITDA | 14.4 x | 16.6 x | 9.49 x | 11 x | 3.98 x | 3.09 x | 2.42 x |
| EV / FCF | - | - | -21.3 x | -6.05 x | -2.38 x | -21.4 x | -21.6 x |
| FCF Yield | - | - | -4.69% | -16.5% | -42.1% | -4.67% | -4.62% |
| Price to Book | 2.53 x | 2.45 x | 2.78 x | 2.04 x | 1.04 x | 0.62 x | 0.55 x |
| Nbr of stocks (in thousands) | 1,379,722 | 1,875,015 | 1,932,986 | 2,248,745 | 2,181,742 | 2,181,742 | - |
| Reference price 2 | 12.30 | 18.98 | 26.10 | 25.26 | 9.240 | 9.240 | 9.240 |
| 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 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,493 | 22,457 | 27,158 | 30,748 | 27,850 | 48,510 | 57,094 |
| EBITDA 1 | 1,178 | 2,142 | 4,455 | 4,848 | 4,789 | 6,755 | 8,927 |
| EBIT 1 | 738.8 | 1,579 | 3,623 | 3,865 | 379 | 4,647 | 5,783 |
| Operating Margin | 7.04% | 7.03% | 13.34% | 12.57% | 1.36% | 9.58% | 10.13% |
| Earnings before Tax (EBT) 1 | 747.5 | 1,477 | 3,589 | 3,858 | 358 | 4,385 | 5,685 |
| Net income 1 | 712.6 | 1,374 | 3,101 | 3,455 | 375 | 3,883 | 5,000 |
| Net margin | 6.79% | 6.12% | 11.42% | 11.24% | 1.35% | 8% | 8.76% |
| EPS 2 | 0.5300 | 0.9000 | 1.600 | 1.580 | 1.122 | 1.724 | 2.221 |
| Free Cash Flow 1 | - | - | -1,982 | -8,800 | -8,029 | -974 | -997 |
| FCF margin | - | - | -7.3% | -28.62% | -20.51% | -2.01% | -1.75% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0780 | 0.1100 | 0.2211 | 0.3041 | 0.2638 | 0.3170 | 0.4006 |
| 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 1 | - | - | - | - | - | 843.9 | - | - | - | - |
| EBIT 1 | 443.1 | -83.86 | -282.1 | 979.5 | 664.9 | 565.9 | - | - | - | - |
| Operating Margin | 5.97% | -0.92% | -10.37% | 12.49% | 6.39% | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.4300 | - | -0.1000 | 0.3900 | 0.2600 | 1.350 | 0.1800 | 0.5400 | 0.7800 | 0.6900 |
| Dividend per Share 2 | - | 0.3041 | - | - | - | 0.3701 | - | - | - | 0.4121 |
| Announcement Date | 10/27/22 | 4/28/23 | 4/28/23 | 8/30/23 | 10/27/23 | 4/11/24 | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 717 | 1,419 |
| Net Cash position 1 | - | - | 8,154 | 3,589 | 1,079 | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 0.1062 x | 0.159 x |
| Free Cash Flow 1 | - | - | -1,982 | -8,800 | -8,029 | -974 | -997 |
| ROE (net income / shareholders' equity) | 12.1% | 15.7% | 18.4% | 14.6% | 1.34% | 12.6% | 13.4% |
| ROA (Net income/ Total Assets) | 2.5% | 3.18% | 5.8% | 5.29% | 2.33% | 3.62% | 3.87% |
| Assets 1 | 28,514 | 43,156 | 53,446 | 65,245 | 49,490 | 107,194 | 129,134 |
| Book Value Per Share 2 | 4.870 | 7.750 | 9.400 | 12.40 | 12.10 | 15.00 | 16.70 |
| Cash Flow per Share 2 | 4.170 | 1.940 | 2.760 | -0.3500 | 0.4200 | 2.040 | 4.990 |
| Capex 1 | 2,320 | 3,306 | 7,380 | 8,004 | 8,016 | 7,077 | 7,220 |
| Capex / Sales | 22.11% | 14.72% | 27.17% | 26.03% | 20.48% | 14.59% | 12.65% |
| 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
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
9.24
CNY
Average target price
17.19
CNY
Spread / Average Target
+86.05%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -26.32% | 2.78B | |
| +13.33% | 20.12B | |
| +57.08% | 15.74B | |
| -27.87% | 6.15B | |
| -30.79% | 2.16B | |
| -26.19% | 1.88B | |
| -23.12% | 1.18B | |
| +2.81% | 1.06B | |
| +98.65% | 974M | |
| +29.58% | 914M |
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- Financials Ming Yang Smart Energy Group Limited
