Financials OKE Precision Cutting Tools Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-09 pm EDT			5-day change	1st Jan Change
24.66 ^CNY	-3.33%		+17.26%	-11.61%

Apr. 29	OKE Precision Cutting Tools Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Feb. 25	OKE Precision Cutting Tools Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,724	7,068	8,503	4,430	3,896	-	-
Enterprise Value (EV) ¹	2,724	7,068	8,503	4,430	3,896	3,896	3,896
P/E ratio	19 x	31.8 x	31.5 x	27.1 x	18.9 x	13.5 x	12 x
Yield	-	0.99%	0.93%	1.25%	1.36%	1.87%	1.99%
Capitalization / Revenue	3.88 x	7.14 x	8.06 x	4.32 x	3.12 x	2.49 x	2.19 x
EV / Revenue	3.88 x	7.14 x	8.06 x	4.32 x	3.12 x	2.49 x	2.19 x
EV / EBITDA	-	23.5 x	24.6 x	12.9 x	10.7 x	8.66 x	7.41 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	4.73 x	3.45 x	1.73 x	1.44 x	1.27 x	1.21 x
Nbr of stocks (in thousands)	140,000	140,000	157,663	158,782	157,974	-	-
Reference price ²	19.46	50.49	53.93	27.90	24.66	24.66	24.66
Announcement Date	2/25/21	2/22/22	2/27/23	2/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	702.2	990.4	1,055	1,026	1,250	1,563	1,781
EBITDA ¹	-	300.4	345.8	344.2	362.4	449.7	525.5
EBIT ¹	-	244.4	269.8	181.6	226.1	321.1	354.1
Operating Margin	-	24.68%	25.57%	17.69%	18.09%	20.54%	19.88%
Earnings before Tax (EBT) ¹	-	255	269.9	180.3	226	321.7	354.5
Net income ¹	-	222.2	242.1	163.5	206.8	290.4	325.8
Net margin	-	22.44%	22.94%	15.93%	16.55%	18.57%	18.29%
EPS ²	1.021	1.586	1.714	1.030	1.302	1.828	2.053
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.5000	0.5000	0.3500	0.3350	0.4600	0.4900
Announcement Date	2/25/21	2/22/22	2/27/23	2/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	15.9%	14.7%	6.51%	7.7%	9.49%	10.2%
ROA (Net income/ Total Assets)	-	11%	9.48%	-	5.76%	7.11%	7.13%
Assets ¹	-	2,020	2,553	-	3,593	4,082	4,570
Book Value Per Share ²	-	10.70	15.70	16.10	17.20	19.50	20.40
Cash Flow per Share ²	-	1.140	1.100	-0.0600	2.260	1.750	2.900
Capex ¹	-	345	468	441	217	228	282
Capex / Sales	-	34.84%	44.39%	43.01%	17.35%	14.61%	15.83%
Announcement Date	2/25/21	2/22/22	2/27/23	2/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

24.66 CNY

Average target price

29.73 CNY

Spread / Average Target

+20.57%

	1st Jan change	Capi.
OKE PRECISION CUTTING TOOLS CO., LTD.	-11.61%	539M
TRELLEBORG AB	+21.45%	9.06B
MUELLER INDUSTRIES, INC.	+25.71%	6.73B
MISUMI GROUP INC.	+18.79%	5.13B
SFS GROUP AG	+9.40%	4.89B
GATES INDUSTRIAL CORPORATION PLC	+25.48%	4.4B
SHANGHAI MOONS' ELECTRIC CO., LTD.	-19.82%	3.07B
HARMONIC DRIVE SYSTEMS INC.	+2.88%	2.61B
LEADER HARMONIOUS DRIVE SYSTEMS CO., LTD.	-27.71%	2.59B
HIWIN TECHNOLOGIES CORPORATION	+0.85%	2.58B