SHANGHAI FLYCO ELECTRICAL APPLIANCE CO., LTD. Financials Shanghai Flyco Electrical Appliance Co., Ltd.
Equities
603868
CNE100002771
Appliances, Tools & Housewares
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 46.38 CNY | -1.95% |
|
-7.59% | -8.16% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 16,413 | 20,377 | 18,914 | 29,329 | 21,998 | 20,203 | - | - |
| Enterprise Value (EV) 1 | 16,186 | 19,964 | 18,914 | 29,329 | 21,998 | 20,203 | 20,203 | 20,203 |
| P/E ratio | 24 x | 31.8 x | 29.5 x | 35.6 x | 21.6 x | 17.3 x | 14.9 x | 13.5 x |
| Yield | 2.65% | 2.14% | 2.3% | 2.97% | 4.55% | 5.27% | 4.92% | 4.96% |
| Capitalization / Revenue | 4.37 x | 5.71 x | 4.72 x | 6.34 x | 4.35 x | 3.58 x | 3.03 x | 2.87 x |
| EV / Revenue | 4.37 x | 5.71 x | 4.72 x | 6.34 x | 4.35 x | 3.58 x | 3.03 x | 2.87 x |
| EV / EBITDA | 17.8 x | 22.6 x | 22.1 x | 25.6 x | 17.8 x | 14 x | 11.6 x | 11 x |
| EV / FCF | 84,157,188 x | 26,295,451 x | - | - | - | - | - | - |
| FCF Yield | 0% | 0% | - | - | - | - | - | - |
| Price to Book | 6.24 x | 7.2 x | 6.22 x | 8.56 x | 6.15 x | 5.29 x | 4.53 x | 3.92 x |
| Nbr of stocks (in thousands) | 435,600 | 435,600 | 435,600 | 435,600 | 435,600 | 435,600 | - | - |
| Reference price 2 | 37.68 | 46.78 | 43.42 | 67.33 | 50.50 | 46.38 | 46.38 | 46.38 |
| Announcement Date | 4/23/20 | 3/15/21 | 4/27/22 | 4/27/23 | 3/11/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,759 | 3,568 | 4,005 | 4,627 | 5,060 | 5,636 | 6,667 | 7,042 |
| EBITDA 1 | 921.5 | 901 | 856.3 | 1,148 | 1,237 | 1,444 | 1,742 | 1,838 |
| EBIT 1 | 860.2 | 827.6 | 781.2 | 1,048 | 1,131 | 1,314 | 1,606 | 1,696 |
| Operating Margin | 22.88% | 23.2% | 19.5% | 22.65% | 22.35% | 23.31% | 24.09% | 24.08% |
| Earnings before Tax (EBT) 1 | 910.8 | 861 | 835.1 | 1,087 | 1,253 | 1,390 | 1,676 | 1,795 |
| Net income 1 | 685.8 | 638.3 | 640.7 | 823 | 1,020 | 1,170 | 1,358 | 1,502 |
| Net margin | 18.24% | 17.89% | 16% | 17.79% | 20.16% | 20.76% | 20.37% | 21.33% |
| EPS 2 | 1.570 | 1.470 | 1.470 | 1.890 | 2.340 | 2.684 | 3.119 | 3.448 |
| Free Cash Flow | 195 | 774.9 | - | - | - | - | - | - |
| FCF margin | 5.19% | 21.72% | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | 21.16% | 86.01% | - | - | - | - | - | - |
| FCF Conversion (Net income) | 28.44% | 121.41% | - | - | - | - | - | - |
| Dividend per Share 2 | 1.000 | 1.000 | 1.000 | 2.000 | 2.300 | 2.445 | 2.280 | 2.300 |
| Announcement Date | 4/23/20 | 3/15/21 | 4/27/22 | 4/27/23 | 3/11/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,487 | 1,142 | - | 1,160 | 2,279 | 1,435 | - | 1,066 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income 1 | 286.3 | 137.9 | 236.7 | 219.6 | 456.3 | - | 218.8 | 192.8 |
| Net margin | 19.25% | 12.07% | - | 18.93% | 20.02% | - | - | 18.1% |
| EPS | - | - | 0.5400 | - | - | - | 0.5000 | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 8/20/20 | 4/27/22 | 4/27/22 | 7/11/22 | 7/11/22 | 10/27/22 | 10/27/23 | 3/11/24 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | 227 | 413 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | 195 | 775 | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 27.4% | 23.7% | 22.1% | 25.7% | 29.7% | 30.6% | 31.3% | 29.8% |
| ROA (Net income/ Total Assets) | 18.6% | 16.8% | 11.7% | - | - | 24.3% | 26.6% | 27.1% |
| Assets 1 | 3,696 | 3,792 | 5,490 | - | - | 4,807 | 5,112 | 5,551 |
| Book Value Per Share 2 | 6.040 | 6.500 | 6.980 | 7.870 | 8.210 | 8.760 | 10.20 | 11.80 |
| Cash Flow per Share 2 | 1.070 | 2.250 | 1.700 | 1.870 | 3.010 | 2.420 | 3.560 | 3.140 |
| Capex 1 | 272 | 204 | 177 | 111 | 71 | 49.3 | 154 | 135 |
| Capex / Sales | 7.24% | 5.73% | 4.41% | 2.4% | 1.4% | 0.87% | 2.31% | 1.92% |
| Announcement Date | 4/23/20 | 3/15/21 | 4/27/22 | 4/27/23 | 3/11/24 | - | - | - |
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
D
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
46.38
CNY
Average target price
62.57
CNY
Spread / Average Target
+34.91%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -8.16% | 2.85B | |
| +30.93% | 29.4B | |
| +50.21% | 7.49B | |
| +89.61% | 6.38B | |
| -22.10% | 5.29B | |
| +19.57% | 3.64B | |
| +8.77% | 3.11B | |
| +34.63% | 3.08B | |
| +3.82% | 3.07B | |
| -2.62% | 3.01B |
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- Financials Shanghai Flyco Electrical Appliance Co., Ltd.
