QINGLING MOTORS CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.54 HKD | +1.89% |
|
+3.85% | +5.88% |
| Mar. 29 | Qingling Motors Widens Loss in 2023 Despite Higher Revenue | MT |
| Mar. 28 | Qingling Motors Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,403 | 4,215 | 3,217 | 3,196 | 2,192 | 1,151 |
| Enterprise Value (EV) 1 | -1,386 | -1,759 | -2.626 | 947.4 | -1,654 | -1,328 |
| P/E ratio | 9.7 x | 12.2 x | 10.7 x | 9.92 x | -150 x | -21.2 x |
| Yield | 9.02% | 9.42% | 7.72% | 8.54% | - | - |
| Capitalization / Revenue | 0.84 x | 0.89 x | 0.63 x | 0.66 x | 0.67 x | 0.32 x |
| EV / Revenue | -0.26 x | -0.37 x | -0 x | 0.2 x | -0.51 x | -0.37 x |
| EV / EBITDA | -3.61 x | -6.35 x | -0.04 x | -8.48 x | 4.94 x | 5.1 x |
| EV / FCF | -6.42 x | -2.86 x | 0.01 x | -2.94 x | -37.2 x | 2.86 x |
| FCF Yield | -15.6% | -35% | 18,650% | -34% | -2.69% | 34.9% |
| Price to Book | 0.56 x | 0.54 x | 0.42 x | 0.41 x | 0.29 x | 0.16 x |
| Nbr of stocks (in thousands) | 2,482,268 | 2,482,268 | 2,482,268 | 2,482,268 | 2,482,268 | 2,482,268 |
| Reference price 2 | 1.774 | 1.698 | 1.296 | 1.287 | 0.8832 | 0.4635 |
| Announcement Date | 4/10/19 | 4/16/20 | 4/12/21 | 4/11/22 | 4/13/23 | 4/17/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 5,253 | 4,723 | 5,089 | 4,828 | 3,248 | 3,597 |
| EBITDA 1 | 383.3 | 276.8 | 60.53 | -111.7 | -335.2 | -260.5 |
| EBIT 1 | 311.3 | 203 | -11.3 | -192.3 | -419.4 | -349.8 |
| Operating Margin | 5.93% | 4.3% | -0.22% | -3.98% | -12.91% | -9.73% |
| Earnings before Tax (EBT) 1 | 530.2 | 404 | 325.2 | 344.5 | -39.62 | -47.25 |
| Net income 1 | 453.8 | 345.3 | 301 | 322.1 | -14.58 | -54.27 |
| Net margin | 8.64% | 7.31% | 5.91% | 6.67% | -0.45% | -1.51% |
| EPS 2 | 0.1828 | 0.1391 | 0.1213 | 0.1298 | -0.005871 | -0.0219 |
| Free Cash Flow 1 | 215.9 | 615.6 | -489.7 | -322.1 | 44.43 | -463.9 |
| FCF margin | 4.11% | 13.03% | -9.62% | -6.67% | 1.37% | -12.9% |
| FCF Conversion (EBITDA) | 56.33% | 222.36% | - | - | - | - |
| FCF Conversion (Net income) | 47.59% | 178.27% | - | - | - | - |
| Dividend per Share 2 | 0.1600 | 0.1600 | 0.1000 | 0.1100 | - | - |
| Announcement Date | 4/10/19 | 4/16/20 | 4/12/21 | 4/11/22 | 4/13/23 | 4/17/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 5,789 | 5,974 | 3,220 | 2,248 | 3,847 | 2,478 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 216 | 616 | -490 | -322 | 44.4 | -464 |
| ROE (net income / shareholders' equity) | 5.7% | 4.4% | 3.81% | 4.12% | -0.06% | -0.59% |
| ROA (Net income/ Total Assets) | 1.79% | 1.16% | -0.06% | -1.1% | -2.47% | -2.15% |
| Assets 1 | 25,321 | 29,781 | -468,101 | -29,307 | 590.9 | 2,524 |
| Book Value Per Share 2 | 3.150 | 3.130 | 3.090 | 3.120 | 3.000 | 2.980 |
| Cash Flow per Share 2 | 1.880 | 0.7700 | 0.4200 | 0.6700 | 0.3900 | 0.4100 |
| Capex 1 | 51.3 | 122 | 179 | 139 | 166 | 131 |
| Capex / Sales | 0.98% | 2.59% | 3.52% | 2.87% | 5.11% | 3.65% |
| Announcement Date | 4/10/19 | 4/16/20 | 4/12/21 | 4/11/22 | 4/13/23 | 4/17/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +5.88% | 171M | |
| -0.37% | 2.97B | |
| +5.28% | 708M |
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