Financials Ningbo Haitian Precision Machinery Co.,Ltd.

Equities

601882

CNE100003HW8

Industrial Machinery & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
28.3 CNY +2.31% Intraday chart for Ningbo Haitian Precision Machinery Co.,Ltd. +0.71% +8.22%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,784 6,306 12,930 13,676 13,650 14,773 - -
Enterprise Value (EV) 1 3,784 6,306 12,930 13,676 13,183 14,118 13,702 13,199
P/E ratio 48.3 x 46.5 x 34.9 x 26.2 x 22.4 x 20.3 x 16.9 x 14.4 x
Yield - 1.97% - - 1.03% 1.86% 2.33% 2.6%
Capitalization / Revenue 3.25 x 3.86 x 4.74 x 4.3 x 4.11 x 3.8 x 3.15 x 2.72 x
EV / Revenue 3.25 x 3.86 x 4.74 x 4.3 x 3.97 x 3.63 x 2.92 x 2.43 x
EV / EBITDA - - - - 18.1 x 14.6 x 12.8 x 10.9 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book - 4.51 x 7.86 x 6.89 x 5.9 x 5.05 x 4.06 x 3.27 x
Nbr of stocks (in thousands) 522,000 522,000 522,000 522,000 522,000 522,000 - -
Reference price 2 7.250 12.08 24.77 26.20 26.15 28.30 28.30 28.30
Announcement Date 3/16/20 3/22/21 3/10/22 3/20/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,165 1,632 2,730 3,177 3,323 3,892 4,695 5,440
EBITDA 1 - - - - 729.5 965.6 1,067 1,207
EBIT 1 - 130.8 400.4 542 650.1 796.8 962.3 1,128
Operating Margin - 8.02% 14.66% 17.06% 19.56% 20.47% 20.5% 20.73%
Earnings before Tax (EBT) 1 - 152.3 412.1 582.6 696.8 822.2 991.7 1,165
Net income 1 - 138.2 371.1 520.6 609.5 728 876.4 1,027
Net margin - 8.47% 13.59% 16.39% 18.34% 18.71% 18.67% 18.88%
EPS 2 0.1500 0.2600 0.7100 1.000 1.170 1.393 1.679 1.967
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 0.2380 - - 0.2700 0.5260 0.6600 0.7358
Announcement Date 3/16/20 3/22/21 3/10/22 3/20/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 816.2 765.4 1,148 1,148 765.4 -
EBITDA 1 - 171.5 244.8 244.8 171.5 -
EBIT 1 163.8 146.6 219.9 219.9 146.6 -
Operating Margin 20.07% 19.16% 19.16% 19.16% 19.16% -
Earnings before Tax (EBT) 1 162.6 160.9 239.5 239.5 160.9 -
Net income 1 145.9 143.3 213 213 143.3 -
Net margin 17.88% 18.72% 18.55% 18.55% 18.72% -
EPS 2 0.2820 0.2744 0.4080 0.4080 0.2744 -
Dividend per Share 2 - - - - 0.5260 -
Announcement Date 3/25/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - - 467 654 1,071 1,573
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) - 10.3% 24.4% 29.2% 28.4% 25.4% 24.6% 23.5%
ROA (Net income/ Total Assets) - 5.35% - - - 11.7% 11.8% 11.2%
Assets 1 - 2,585 - - - 6,223 7,427 9,168
Book Value Per Share 2 - 2.680 3.150 3.800 4.430 5.600 6.980 8.650
Cash Flow per Share 2 - 1.040 0.8400 0.4200 1.090 2.190 1.380 2.340
Capex 1 - - 35.9 280 79.1 140 157 162
Capex / Sales - - 1.31% 8.81% 2.38% 3.61% 3.34% 2.98%
Announcement Date 3/16/20 3/22/21 3/10/22 3/20/23 3/25/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
28.3 CNY
Average target price
33.38 CNY
Spread / Average Target
+17.93%
Consensus
  1. Stock Market
  2. Equities
  3. 601882 Stock
  4. Financials Ningbo Haitian Precision Machinery Co.,Ltd.