Financials Opple Lighting Co.,LTD

Equities

603515

CNE100002FW4

Construction Supplies & Fixtures

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
16.84 CNY +0.96% Intraday chart for Opple Lighting Co.,LTD -1.00% -3.11%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 21,073 21,253 22,799 15,657 11,441 12,315 12,315 -
Enterprise Value (EV) 1 20,779 21,227 22,827 15,636 10,117 8,317 10,494 10,357
P/E ratio 23.4 x 23.8 x 28.5 x 17.3 x 14.9 x 13.9 x 11.8 x 10.6 x
Yield 1.44% 1.78% 1.66% 2.41% 3.23% 4.89% 3.77% 4.1%
Capitalization / Revenue 2.63 x 2.54 x 2.86 x 1.77 x 1.57 x 1.63 x 1.43 x 1.3 x
EV / Revenue 2.6 x 2.54 x 2.86 x 1.77 x 1.39 x 1.07 x 1.22 x 1.09 x
EV / EBITDA 17.9 x 17.5 x 20.8 x 13.4 x 9.96 x 6.9 x 9.19 x 8.2 x
EV / FCF - 22,484,728 x - - - - - -
FCF Yield - 0% - - - - - -
Price to Book 4.86 x 4.24 x 4.34 x 2.71 x 1.93 x 1.95 x 1.7 x 1.54 x
Nbr of stocks (in thousands) 756,130 756,064 754,696 754,211 739,069 731,284 731,284 -
Reference price 2 27.87 28.11 30.21 20.76 15.48 16.84 16.84 16.84
Announcement Date 1/29/19 4/24/20 4/23/21 4/26/22 4/26/23 4/26/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 8,355 7,970 8,847 7,270 7,795 8,627 9,506
EBITDA 1 1,215 1,098 1,164 1,016 1,206 1,142 1,263
EBIT 1 1,021 919.6 1,022 873.3 1,060 1,227 1,393
Operating Margin 12.22% 11.54% 11.55% 12.01% 13.6% 14.22% 14.66%
Earnings before Tax (EBT) 1 1,038 940.2 1,051 886.3 1,082 1,240 1,385
Net income 1 890.3 800 907.5 784.1 924.1 1,060 1,183
Net margin 10.66% 10.04% 10.26% 10.79% 11.85% 12.29% 12.45%
EPS 2 1.180 1.060 1.200 1.040 1.250 1.423 1.590
Free Cash Flow 944.1 - - - - - -
FCF margin 11.3% - - - - - -
FCF Conversion (EBITDA) 77.73% - - - - - -
FCF Conversion (Net income) 106.04% - - - - - -
Dividend per Share 2 0.5000 0.5000 0.5000 0.5000 0.8500 0.6350 0.6900
Announcement Date 4/24/20 4/23/21 4/26/22 4/26/23 4/26/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3
Net sales 1 3,778 3,009 2,688 1,455 1,903 1,847 2,064 1,503 2,041 1,970 2,281 1,583 2,223 2,174
EBITDA - - - - - - - - - - - - - -
EBIT - - - 70.6 266.3 256.3 280.1 124.2 356.6 319.6 259.7 142.5 - -
Operating Margin - - - 4.85% 13.99% 13.88% 13.57% 8.27% 17.47% 16.22% 11.39% 9% - -
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income 404.8 249.7 283.8 66.25 - 216.2 - - - - - 120.9 - -
Net margin 10.71% 8.3% 10.56% 4.55% - 11.7% - - - - - 7.64% - -
EPS 2 - - 0.3700 0.0900 0.2900 0.2900 0.3700 0.1300 0.3900 0.3500 0.3800 0.1600 0.4200 0.3600
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 8/22/19 8/26/20 4/26/22 4/26/22 8/26/22 10/28/22 4/26/23 4/26/23 8/29/23 10/27/23 4/26/24 4/26/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - 27.6 - - - - -
Net Cash position 1 294 25.6 - 21.1 1,324 4,392 1,820 1,958
Leverage (Debt/EBITDA) - - 0.0252 x - - - - -
Free Cash Flow - 944 - - - - - -
ROE (net income / shareholders' equity) 22.7% 19% 15.7% 16.6% 13.2% 14.6% 14.7% 15%
ROA (Net income/ Total Assets) 13.2% 11.5% 9.6% 10.3% 8.82% - - -
Assets 1 6,820 7,720 8,334 8,819 8,886 - - -
Book Value Per Share 2 5.740 6.630 6.960 7.670 8.040 8.910 9.890 10.90
Cash Flow per Share 2 0.8200 1.470 1.370 0.9100 0.5800 2.230 1.070 1.850
Capex 1 173 169 277 249 329 349 159 196
Capex / Sales 2.16% 2.03% 3.47% 2.82% 4.52% 4.47% 1.85% 2.07%
Announcement Date 1/29/19 4/24/20 4/23/21 4/26/22 4/26/23 4/26/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
16.84 CNY
Average target price
22.21 CNY
Spread / Average Target
+31.87%
Consensus
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