Financials Sany Heavy Equipment International Holdings Company Limited

Equities

631

KYG781631059

Mining Support Services & Equipment

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
5.05 HKD +1.41% Intraday chart for Sany Heavy Equipment International Holdings Company Limited -7.00% -33.11%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,803 15,260 19,378 22,404 21,888 14,925 - -
Enterprise Value (EV) 1 11,803 15,260 17,811 22,948 21,888 14,925 14,925 14,925
P/E ratio 14.6 x 16.8 x 17.6 x 13.4 x 13.2 x 6.46 x 4.78 x 4.16 x
Yield 2.89% 2.57% 1.98% 2.35% 2.42% 4.28% 5.35% -
Capitalization / Revenue 2.09 x 2.07 x 1.9 x 1.44 x 1.08 x 0.55 x 0.42 x 0.34 x
EV / Revenue 2.09 x 2.07 x 1.9 x 1.44 x 1.08 x 0.55 x 0.42 x 0.34 x
EV / EBITDA 8.4 x 9.71 x 10.7 x 9.8 x 7.96 x 3.78 x 3.06 x 2.74 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.66 x 1.95 x 2.23 x 2.23 x 1.89 x 1.11 x 0.93 x 0.78 x
Nbr of stocks (in thousands) 3,100,403 3,125,981 3,154,123 3,162,987 3,189,660 3,192,660 - -
Reference price 2 3.807 4.882 6.144 7.083 6.862 4.675 4.675 4.675
Announcement Date 3/30/20 3/18/21 3/29/22 3/20/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,656 7,364 10,195 15,537 20,278 27,202 35,916 44,014
EBITDA 1 1,405 1,572 1,807 2,286 2,751 3,950 4,874 5,450
EBIT 1 1,155 1,323 1,558 1,994 2,226 3,332 3,157 3,772
Operating Margin 20.42% 17.96% 15.28% 12.83% 10.98% 12.25% 8.79% 8.57%
Earnings before Tax (EBT) 1 1,070 1,190 1,438 1,921 2,260 2,716 3,755 4,210
Net income 1 919.7 1,045 1,259 1,665 1,929 2,326 3,208 3,580
Net margin 16.26% 14.19% 12.35% 10.72% 9.51% 8.55% 8.93% 8.13%
EPS 2 0.2600 0.2900 0.3500 0.5300 0.5200 0.7233 0.9775 1.125
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1099 0.1257 0.1219 0.1666 0.1663 0.2000 0.2500 -
Announcement Date 3/30/20 3/18/21 3/29/22 3/20/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 S2 2022 S1 2023 S1
Net sales - 5,210 7,632 -
EBITDA - - - -
EBIT - - - -
Operating Margin - - - -
Earnings before Tax (EBT) - - - -
Net income 1 811.1 - 905.8 1,202
Net margin - - 11.87% -
EPS 2 0.2200 - 0.2500 0.3300
Dividend per Share - - - -
Announcement Date 9/23/21 3/29/22 8/31/22 8/31/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - 544 - - - -
Net Cash position - - 1,567 - - - - -
Leverage (Debt/EBITDA) - - - 0.2379 x - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 13.6% 14% 15.2% 17.8% 17.8% 20.3% 20.9% 20.2%
ROA (Net income/ Total Assets) 6.46% 6.33% 6.58% 7.28% 6.44% 5.7% 6.99% 6.1%
Assets 1 14,236 16,505 19,125 22,869 29,958 40,801 45,931 58,684
Book Value Per Share 2 2.300 2.510 2.760 3.170 3.630 4.230 5.020 5.980
Cash Flow per Share 0.2200 0.2900 0.2500 - - - - -
Capex 1 269 389 939 1,129 - 1,975 2,333 1,750
Capex / Sales 4.76% 5.29% 9.21% 7.27% - 7.26% 6.5% 3.98%
Announcement Date 3/30/20 3/18/21 3/29/22 3/20/23 3/27/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
4.675 CNY
Average target price
9.713 CNY
Spread / Average Target
+107.78%
Consensus
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