NANTONG HAIXING ELECTRONICS CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.75 CNY | +1.82% |
|
+5.38% | -19.74% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Capitalization 1 | 4,295 | 3,160 | 6,267 | 3,753 | 3,502 |
| Enterprise Value (EV) 1 | 3,583 | 2,736 | 5,227 | 2,851 | 2,733 |
| P/E ratio | 29.9 x | 25.3 x | 25 x | 16.5 x | 25.7 x |
| Yield | 3.63% | 4.94% | 2.86% | 4.78% | 3.42% |
| Capitalization / Revenue | 3.91 x | 2.59 x | 3.81 x | 2.13 x | 1.96 x |
| EV / Revenue | 3.26 x | 2.25 x | 3.18 x | 1.62 x | 1.53 x |
| EV / EBITDA | 23.5 x | 16.6 x | 17.6 x | 10.7 x | 13.6 x |
| EV / FCF | -255 x | -16.1 x | 74.9 x | -51.7 x | 135 x |
| FCF Yield | -0.39% | -6.19% | 1.34% | -1.93% | 0.74% |
| Price to Book | 3.38 x | 2.56 x | 3.17 x | 1.85 x | 1.76 x |
| Nbr of stocks (in thousands) | 208,000 | 208,000 | 239,200 | 239,200 | 239,200 |
| Reference price 2 | 20.65 | 15.19 | 26.20 | 15.69 | 14.64 |
| Announcement Date | 4/21/20 | 3/26/21 | 4/20/22 | 4/11/23 | 4/17/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,092 | 1,097 | 1,219 | 1,645 | 1,765 | 1,790 |
| EBITDA 1 | 189 | 152.4 | 164.9 | 296.5 | 267.7 | 201.3 |
| EBIT 1 | 149.5 | 109.4 | 116.9 | 238.7 | 202.9 | 124.6 |
| Operating Margin | 13.69% | 9.97% | 9.59% | 14.51% | 11.5% | 6.96% |
| Earnings before Tax (EBT) 1 | 176.5 | 137.7 | 145.3 | 252.5 | 255.2 | 158.8 |
| Net income 1 | 149.5 | 120.4 | 125.8 | 221.2 | 227.7 | 136.8 |
| Net margin | 13.68% | 10.97% | 10.32% | 13.44% | 12.9% | 7.64% |
| EPS 2 | 0.9580 | 0.6900 | 0.6000 | 1.050 | 0.9500 | 0.5700 |
| Free Cash Flow 1 | 107 | -14.03 | -169.5 | 69.79 | -55.1 | 20.24 |
| FCF margin | 9.79% | -1.28% | -13.9% | 4.24% | -3.12% | 1.13% |
| FCF Conversion (EBITDA) | 56.6% | - | - | 23.54% | - | 10.05% |
| FCF Conversion (Net income) | 71.57% | - | - | 31.55% | - | 14.79% |
| Dividend per Share 2 | 0.6730 | 0.7500 | 0.7500 | 0.7500 | 0.7500 | 0.5000 |
| Announcement Date | 7/23/19 | 4/21/20 | 3/26/21 | 4/20/22 | 4/11/23 | 4/17/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 310 | 712 | 423 | 1,040 | 902 | 769 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 107 | -14 | -169 | 69.8 | -55.1 | 20.2 |
| ROE (net income / shareholders' equity) | 20.2% | 11.7% | 9.96% | 13.7% | 11.3% | 6.81% |
| ROA (Net income/ Total Assets) | 9.14% | 5.06% | 4.52% | 7.5% | 5.32% | 3.24% |
| Assets 1 | 1,636 | 2,377 | 2,781 | 2,947 | 4,276 | 4,227 |
| Book Value Per Share 2 | 5.020 | 6.110 | 5.940 | 8.260 | 8.490 | 8.320 |
| Cash Flow per Share 2 | 2.360 | 2.430 | 1.650 | 2.130 | 2.850 | 2.290 |
| Capex 1 | 50.7 | 59.5 | 160 | 78.2 | 151 | 154 |
| Capex / Sales | 4.64% | 5.42% | 13.1% | 4.75% | 8.54% | 8.59% |
| Announcement Date | 7/23/19 | 4/21/20 | 3/26/21 | 4/20/22 | 4/11/23 | 4/17/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -19.74% | 388M | |
| +21.42% | 3.65B | |
| +10.70% | 2.74B | |
| +12.43% | 2.19B | |
| +20.91% | 1.43B | |
| +7.05% | 762M | |
| -17.32% | 699M | |
| -6.89% | 566M | |
| -14.08% | 513M | |
| -0.81% | 310M |
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