Financials Q Technology (Group) Company Limited

Equities

1478

KYG7306T1058

Household Electronics

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
3.34 HKD +2.45% Intraday chart for Q Technology (Group) Company Limited +7.74% -24.77%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 4,422 13,344 12,964 9,708 4,404 3,662 3,662 -
Enterprise Value (EV) 1 5,500 14,315 12,244 8,912 4,231 4,780 5,097 4,162
P/E ratio 301 x 24.4 x 15.5 x 11.3 x 25.6 x 58.5 x 12.5 x 8.71 x
Yield - 0.78% 0.38% - - 0.16% 0.69% 1.3%
Capitalization / Revenue 0.54 x 1.01 x 0.75 x 0.52 x 0.32 x 0.38 x 0.26 x 0.24 x
EV / Revenue 0.68 x 1.09 x 0.7 x 0.48 x 0.31 x 0.38 x 0.36 x 0.27 x
EV / EBITDA 18 x 15.4 x 8.83 x 6.21 x 11.1 x 13.7 x 6.45 x 4.35 x
EV / FCF -8.26 x 11.5 x 4 x 13.3 x 6.6 x 15.6 x 23.3 x 8.27 x
FCF Yield -12.1% 8.69% 25% 7.54% 15.1% 6.42% 4.29% 12.1%
Price to Book 2.09 x 4.58 x 3.41 x 2.06 x 0.92 x 0.75 x 0.72 x 0.68 x
Nbr of stocks (in thousands) 1,131,722 1,157,476 1,172,251 1,181,986 1,184,538 1,184,538 1,184,538 -
Reference price 2 3.907 11.53 11.06 8.213 3.718 3.092 3.092 3.092
Announcement Date 3/25/19 3/9/20 3/26/21 3/21/22 3/13/23 3/25/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 8,135 13,170 17,400 18,663 13,759 12,531 14,016 15,421
EBITDA 1 305.8 931.9 1,387 1,435 382.7 347.9 789.8 957.2
EBIT 1 70.04 640.5 1,002 935.4 -84.24 289 437.5 534.1
Operating Margin 0.86% 4.86% 5.76% 5.01% -0.61% 2.31% 3.12% 3.46%
Earnings before Tax (EBT) 1 1.33 606.9 970.1 957.3 107.1 68.13 303.7 430.5
Net income 1 14.4 542.4 840.1 863 171.2 81.92 289.8 421.4
Net margin 0.18% 4.12% 4.83% 4.62% 1.24% 0.65% 2.07% 2.73%
EPS 2 0.0130 0.4720 0.7140 0.7280 0.1450 0.0690 0.2476 0.3551
Free Cash Flow 1 -666 1,243 3,063 672.2 640.8 260.6 218.5 503.5
FCF margin -8.19% 9.44% 17.6% 3.6% 4.66% 2.13% 1.56% 3.26%
FCF Conversion (EBITDA) - 133.42% 220.9% 46.83% 167.47% 43.77% 27.66% 52.6%
FCF Conversion (Net income) - 229.23% 364.61% 77.9% 374.42% 189.13% 75.4% 119.48%
Dividend per Share 2 - 0.0900 0.0420 - - 0.005000 0.0213 0.0403
Announcement Date 3/25/19 3/9/20 3/26/21 3/21/22 3/13/23 3/25/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 5,061 8,109 8,802 8,598 9,336 9,327 7,095 6,664 5,477 7,054 6,301 7,962 7,207 8,376
EBITDA 360.6 571.3 - 844.2 881.6 553.8 268.8 - - - - - - -
EBIT 1 227.8 412.7 360.2 641.9 675.5 259.9 37.39 -121.6 -85.6 186.3 139.3 201.3 157 196
Operating Margin 4.5% 5.09% 4.09% 7.47% 7.24% 2.79% 0.53% -1.83% -1.56% 2.64% 2.21% 2.53% 2.18% 2.34%
Earnings before Tax (EBT) 1 200 406.9 375 595.1 656.5 300.8 141.6 -34.51 8.215 59.92 104 188 - -
Net income 1 180.8 361.5 335.5 504.6 570.7 292.2 166.2 4.988 20.8 61.12 120.3 173.3 165 200
Net margin 3.57% 4.46% 3.81% 5.87% 6.11% 3.13% 2.34% 0.07% 0.38% 0.87% 1.91% 2.18% 2.29% 2.39%
EPS 2 0.1580 0.3140 0.2850 0.4290 0.4810 0.2470 0.1400 0.005000 0.0180 0.0510 0.0800 0.1250 0.1400 0.1700
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 8/12/19 3/9/20 8/17/20 3/26/21 8/25/21 3/21/22 8/8/22 3/13/23 8/7/23 3/25/24 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 1,078 971 - - - 399 1,435 500
Net Cash position 1 - - 720 796 174 - - -
Leverage (Debt/EBITDA) 3.526 x 1.042 x - - - 0.6705 x 1.816 x 0.5223 x
Free Cash Flow 1 -666 1,243 3,063 672 641 261 219 504
ROE (net income / shareholders' equity) 0.68% 21.8% 25.3% 20.3% 3.62% 2.98% 5.46% 7.45%
ROA (Net income/ Total Assets) 0.23% 6.35% 7.62% 7.06% 1.35% 1.07% 1.64% 2.51%
Assets 1 6,269 8,537 11,019 12,226 12,667 12,845 17,634 16,800
Book Value Per Share 2 1.870 2.520 3.240 3.980 4.020 4.110 4.290 4.550
Cash Flow per Share 2 -0.1500 2.090 3.060 1.350 0.8900 1.290 0.5100 0.6600
Capex 1 493 1,156 541 924 408 399 534 498
Capex / Sales 6.07% 8.78% 3.11% 4.95% 2.96% 3.26% 3.81% 3.23%
Announcement Date 3/25/19 3/9/20 3/26/21 3/21/22 3/13/23 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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
3.092 CNY
Average target price
3.636 CNY
Spread / Average Target
+17.59%
Consensus
  1. Stock Market
  2. Equities
  3. 1478 Stock
  4. Financials Q Technology (Group) Company Limited