Financials Ningbo Kangqiang Electronics Co., Ltd

Equities

002119

CNE000001R50

Semiconductors

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
11.11 CNY +2.30% Intraday chart for Ningbo Kangqiang Electronics Co., Ltd +5.71% -16.90%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,474 4,792 3,862 5,412 4,289 5,018
Enterprise Value (EV) 1 2,859 5,290 4,268 5,754 4,416 5,521
P/E ratio 30.6 x 51.1 x 44.7 x 30 x 42.3 x 63.7 x
Yield 0.29% 0.2% 0.25% 0.35% 0.26% 0.22%
Capitalization / Revenue 1.67 x 3.38 x 2.49 x 2.47 x 2.52 x 2.82 x
EV / Revenue 1.93 x 3.73 x 2.76 x 2.62 x 2.59 x 3.1 x
EV / EBITDA 14.6 x 28.1 x 23.7 x 19 x 24.8 x 34.6 x
EV / FCF 25.9 x -73.9 x 47.8 x 87.3 x 19.1 x -383 x
FCF Yield 3.86% -1.35% 2.09% 1.15% 5.24% -0.26%
Price to Book 3.06 x 5.37 x 3.98 x 4.74 x 3.5 x 3.87 x
Nbr of stocks (in thousands) 375,284 375,284 375,284 375,284 375,284 375,284
Reference price 2 6.592 12.77 10.29 14.42 11.43 13.37
Announcement Date 3/25/19 3/23/20 3/22/21 3/27/22 3/27/23 3/25/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,483 1,418 1,549 2,195 1,703 1,780
EBITDA 1 195.2 188.3 180.1 303.6 177.8 159.5
EBIT 1 127.9 118.9 108.7 225.8 94.6 71.61
Operating Margin 8.63% 8.39% 7.02% 10.29% 5.56% 4.02%
Earnings before Tax (EBT) 1 104.7 99.07 93.25 200.7 108.8 80.99
Net income 1 80.24 92.58 87.93 181.2 102 80.58
Net margin 5.41% 6.53% 5.68% 8.26% 5.99% 4.53%
EPS 2 0.2154 0.2500 0.2300 0.4800 0.2700 0.2100
Free Cash Flow 1 110.3 -71.56 89.29 65.91 231.3 -14.4
FCF margin 7.44% -5.05% 5.77% 3% 13.58% -0.81%
FCF Conversion (EBITDA) 56.52% - 49.58% 21.71% 130.06% -
FCF Conversion (Net income) 137.49% - 101.54% 36.37% 226.82% -
Dividend per Share 2 0.0192 0.0250 0.0260 0.0500 0.0300 0.0300
Announcement Date 3/25/19 3/23/20 3/22/21 3/27/22 3/27/23 3/25/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 385 497 406 342 126 503
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.973 x 2.642 x 2.255 x 1.128 x 0.7101 x 3.155 x
Free Cash Flow 1 110 -71.6 89.3 65.9 231 -14.4
ROE (net income / shareholders' equity) 11.4% 10.9% 9.44% 17.1% 8.61% 6.39%
ROA (Net income/ Total Assets) 4.78% 4.26% 3.73% 7.12% 2.93% 2.12%
Assets 1 1,680 2,174 2,356 2,545 3,485 3,804
Book Value Per Share 2 2.150 2.380 2.590 3.040 3.270 3.450
Cash Flow per Share 2 0.4500 0.4100 0.3900 0.5800 0.6800 0.5300
Capex 1 56.4 36.4 46.6 35.1 24.5 29
Capex / Sales 3.81% 2.57% 3.01% 1.6% 1.44% 1.63%
Announcement Date 3/25/19 3/23/20 3/22/21 3/27/22 3/27/23 3/25/24
1CNY in Million2CNY
Estimates
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