RIYUE HEAVY INDUSTRY CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.46 CNY | +6.40% |
|
+8.63% | +0.73% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,036 | 29,270 | 31,882 | 20,819 | 12,754 | 12,845 | - |
| Enterprise Value (EV) 1 | 11,036 | 24,559 | 31,375 | 19,770 | 11,664 | 11,689 | 11,398 |
| P/E ratio | 21.9 x | 24 x | 47.8 x | 58 x | 26.3 x | 16.9 x | 13.8 x |
| Yield | - | 1.06% | 0.76% | 0.99% | 2.26% | 2.23% | 2.72% |
| Capitalization / Revenue | 3.17 x | 5.73 x | 6.77 x | 4.28 x | 2.74 x | 2.09 x | 1.79 x |
| EV / Revenue | 3.17 x | 4.81 x | 6.66 x | 4.06 x | 2.51 x | 1.91 x | 1.59 x |
| EV / EBITDA | 16.1 x | 19 x | 32.2 x | 32.8 x | 13.8 x | 9.55 x | 7.71 x |
| EV / FCF | - | - | 85.5 x | -19.9 x | -9.89 x | 34.7 x | 23.8 x |
| FCF Yield | - | - | 1.17% | -5.03% | -10.1% | 2.88% | 4.19% |
| Price to Book | 3.12 x | 3.53 x | 3.67 x | 2.17 x | 1.3 x | 1.23 x | 1.16 x |
| Nbr of stocks (in thousands) | 743,886 | 967,604 | 967,593 | 1,025,580 | 1,031,020 | 1,030,925 | - |
| Reference price 2 | 14.84 | 30.25 | 32.95 | 20.30 | 12.37 | 12.46 | 12.46 |
| Announcement Date | 4/22/20 | 4/22/21 | 4/26/22 | 4/24/23 | 4/24/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,486 | 5,111 | 4,712 | 4,865 | 4,656 | 6,136 | 7,161 |
| EBITDA 1 | 687.5 | 1,291 | 973 | 602.2 | 846 | 1,225 | 1,477 |
| EBIT 1 | 578.7 | 1,140 | 772.2 | 350.6 | 491.3 | 906 | 1,121 |
| Operating Margin | 16.6% | 22.31% | 16.39% | 7.21% | 10.55% | 14.77% | 15.65% |
| Earnings before Tax (EBT) 1 | 574.9 | 1,133 | 758.2 | 337.4 | 488.8 | 868.7 | 1,061 |
| Net income 1 | 504.5 | 979.4 | 667.3 | 344.3 | 481.5 | 757.3 | 925.8 |
| Net margin | 14.47% | 19.16% | 14.16% | 7.08% | 10.34% | 12.34% | 12.93% |
| EPS 2 | 0.6786 | 1.260 | 0.6900 | 0.3500 | 0.4700 | 0.7366 | 0.8997 |
| Free Cash Flow 1 | - | - | 366.8 | -995.4 | -1,179 | 337 | 478 |
| FCF margin | - | - | 7.78% | -20.46% | -25.33% | 5.49% | 6.67% |
| FCF Conversion (EBITDA) | - | - | 37.7% | - | - | 27.52% | 32.35% |
| FCF Conversion (Net income) | - | - | 54.96% | - | - | 44.5% | 51.63% |
| Dividend per Share 2 | - | 0.3200 | 0.2500 | 0.2000 | 0.2800 | 0.2780 | 0.3391 |
| Announcement Date | 4/22/20 | 4/22/21 | 4/26/22 | 4/24/23 | 4/24/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 998.3 | 1,225 | 981.1 | 1,059 | 1,286 | 1,539 | 1,073 | 1,324 | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 122.4 | 90.94 | 73.88 | 46.44 | 77.72 | 152.5 | 156.3 | 162.1 | - | - | - | - | - | - |
| Operating Margin | 12.26% | 7.42% | 7.53% | 4.39% | 6.04% | 9.91% | 14.57% | 12.24% | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 1 | 0.1100 | 0.1000 | 0.0600 | 0.0500 | 0.0700 | 0.1700 | 0.1300 | 0.1500 | 0.0600 | 0.1300 | 0.0800 | 0.1900 | 0.0700 | 0.2700 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/25/21 | 4/26/22 | 4/26/22 | 8/24/22 | 10/26/22 | 4/24/23 | 4/24/23 | 8/28/23 | 10/26/23 | 4/24/24 | 4/29/24 | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 4,711 | 507 | 1,049 | 1,090 | 1,157 | 1,448 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 367 | -995 | -1,179 | 337 | 478 |
| ROE (net income / shareholders' equity) | 15.9% | 21.5% | 7.84% | 3.9% | 4.95% | 7.53% | 8.67% |
| ROA (Net income/ Total Assets) | - | 11.5% | 6.14% | 2.87% | - | 5.49% | 6.18% |
| Assets 1 | - | 8,497 | 10,876 | 12,006 | - | 13,787 | 14,987 |
| Book Value Per Share 2 | 4.760 | 8.580 | 8.980 | 9.350 | 9.540 | 10.20 | 10.70 |
| Cash Flow per Share 2 | 1.140 | 0.5200 | 0.6600 | 0.1800 | 0.6000 | 0.7500 | 1.310 |
| Capex 1 | 495 | 455 | 282 | 1,178 | 1,796 | 860 | 760 |
| Capex / Sales | 14.2% | 8.91% | 5.99% | 24.21% | 38.57% | 14.02% | 10.61% |
| Announcement Date | 4/22/20 | 4/22/21 | 4/26/22 | 4/24/23 | 4/24/24 | - | - |
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-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
12.46
CNY
Average target price
13.42
CNY
Spread / Average Target
+7.66%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.73% | 1.67B | |
| +1.67% | 25.86B | |
| +18.55% | 21.23B | |
| -7.41% | 11.73B | |
| +26.45% | 11.2B | |
| +10.61% | 10.91B | |
| +10.96% | 10.15B | |
| +1.48% | 8.56B | |
| +4.42% | 7.32B | |
| +23.39% | 6.92B |
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