Financials Shenzhen AOTO Electronics Co., Ltd.

Equities

002587

CNE1000013V9

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
5.53 CNY +1.84% Intraday chart for Shenzhen AOTO Electronics Co., Ltd. +4.73% -35.47%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,009 4,790 3,396 3,515 3,251 5,549
Enterprise Value (EV) 1 2,493 4,203 2,723 3,042 2,720 5,114
P/E ratio 16.8 x 26 x -22.2 x 109 x 168 x 429 x
Yield 2.06% 1.03% 0.36% 0.92% 0.6% -
Capitalization / Revenue 1.91 x 3.85 x 4.14 x 3.64 x 3.52 x 8.43 x
EV / Revenue 1.58 x 3.38 x 3.32 x 3.15 x 2.94 x 7.77 x
EV / EBITDA 12.1 x 20.3 x 1,328 x 116 x 1,238 x -292 x
EV / FCF 26.2 x 42.4 x -36.5 x -20 x -41.9 x -46.5 x
FCF Yield 3.82% 2.36% -2.74% -5.01% -2.39% -2.15%
Price to Book 2.37 x 3.5 x 2.63 x 2.54 x 2.37 x 6.69 x
Nbr of stocks (in thousands) 619,215 614,128 612,970 644,977 644,977 647,544
Reference price 2 4.860 7.800 5.540 5.450 5.040 8.570
Announcement Date 4/1/19 4/27/20 4/26/21 3/31/22 4/28/23 4/26/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,573 1,245 819.5 965.8 923.8 658
EBITDA 1 205.6 206.8 2.05 26.2 2.197 -17.54
EBIT 1 187 188.4 -16.93 6.887 -13.85 -38.2
Operating Margin 11.88% 15.13% -2.07% 0.71% -1.5% -5.81%
Earnings before Tax (EBT) 1 206.3 205.6 -164.4 27.35 5.628 3.008
Net income 1 179.7 182.2 -153.1 33.91 20.97 13.78
Net margin 11.42% 14.64% -18.68% 3.51% 2.27% 2.09%
EPS 2 0.2900 0.3000 -0.2500 0.0500 0.0300 0.0200
Free Cash Flow 1 95.26 99.06 -74.67 -152.3 -65 -110.1
FCF margin 6.05% 7.96% -9.11% -15.77% -7.04% -16.73%
FCF Conversion (EBITDA) 46.33% 47.9% - - - -
FCF Conversion (Net income) 53.02% 54.36% - - - -
Dividend per Share 2 0.1003 0.0800 0.0200 0.0500 0.0300 -
Announcement Date 4/1/19 4/27/20 4/26/21 3/31/22 4/28/23 4/26/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 517 588 673 473 530 435
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 95.3 99.1 -74.7 -152 -65 -110
ROE (net income / shareholders' equity) 15% 13.6% -11.2% 2.33% 1.41% 0.8%
ROA (Net income/ Total Assets) 5.75% 5.05% -0.46% 0.19% -0.38% -1.12%
Assets 1 3,123 3,607 33,578 17,717 -5,462 -1,234
Book Value Per Share 2 2.050 2.230 2.110 2.150 2.130 1.280
Cash Flow per Share 2 0.7500 1.010 1.010 0.5800 0.6900 0.4200
Capex 1 22.7 29.7 104 35.9 11.2 9.82
Capex / Sales 1.44% 2.39% 12.72% 3.72% 1.22% 1.49%
Announcement Date 4/1/19 4/27/20 4/26/21 3/31/22 4/28/23 4/26/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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