Financials Shenzhen Huaqiang Industry Co., Ltd.

Equities

000062

CNE0000008R9

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
9.39 CNY +2.51% Intraday chart for Shenzhen Huaqiang Industry Co., Ltd. +4.57% -16.68%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 12,017 14,894 13,011 18,021 12,771 11,787
Enterprise Value (EV) 1 14,121 16,867 15,696 22,432 16,193 16,213
P/E ratio 17.5 x 23.6 x 20.8 x 20.4 x 13.4 x 25.2 x
Yield 1.5% 1.05% 1.61% 1.74% 2.46% 2.22%
Capitalization / Revenue 1.02 x 1.04 x 0.8 x 0.79 x 0.53 x 0.57 x
EV / Revenue 1.2 x 1.17 x 0.96 x 0.98 x 0.68 x 0.79 x
EV / EBITDA 12.1 x 16.4 x 15.5 x 14.8 x 11.6 x 15.7 x
EV / FCF -21.5 x 84.6 x -21.8 x -13.7 x 14.5 x -30.8 x
FCF Yield -4.65% 1.18% -4.6% -7.31% 6.91% -3.25%
Price to Book 2.56 x 2.88 x 2.35 x 2.92 x 1.82 x 1.64 x
Nbr of stocks (in thousands) 1,045,909 1,045,909 1,045,909 1,045,909 1,045,909 1,045,909
Reference price 2 11.49 14.24 12.44 17.23 12.21 11.27
Announcement Date 3/27/19 3/25/20 3/9/21 3/10/22 3/14/23 4/17/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 11,800 14,355 16,331 22,841 23,941 20,594
EBITDA 1 1,165 1,030 1,010 1,521 1,400 1,032
EBIT 1 1,032 914.5 907 1,425 1,300 926.6
Operating Margin 8.75% 6.37% 5.55% 6.24% 5.43% 4.5%
Earnings before Tax (EBT) 1 992.2 899.7 884 1,334 1,289 696.1
Net income 1 685.6 630 624.5 883.4 952.4 467.4
Net margin 5.81% 4.39% 3.82% 3.87% 3.98% 2.27%
EPS 2 0.6554 0.6024 0.5971 0.8447 0.9106 0.4468
Free Cash Flow 1 -656.3 199.4 -721.6 -1,641 1,119 -526.4
FCF margin -5.56% 1.39% -4.42% -7.18% 4.67% -2.56%
FCF Conversion (EBITDA) - 19.37% - - 79.97% -
FCF Conversion (Net income) - 31.65% - - 117.51% -
Dividend per Share 2 0.1724 0.1500 0.2000 0.3000 0.3000 0.2500
Announcement Date 3/27/19 3/25/20 3/9/21 3/10/22 3/14/23 4/17/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2,104 1,974 2,685 4,411 3,423 4,425
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.806 x 1.917 x 2.658 x 2.901 x 2.446 x 4.29 x
Free Cash Flow 1 -656 199 -722 -1,641 1,119 -526
ROE (net income / shareholders' equity) 15.8% 13.2% 12.2% 16.2% 14.8% 6.99%
ROA (Net income/ Total Assets) 6.78% 5.28% 4.81% 6.36% 5.06% 3.4%
Assets 1 10,112 11,934 12,995 13,891 18,838 13,763
Book Value Per Share 2 4.480 4.950 5.290 5.890 6.720 6.860
Cash Flow per Share 2 1.300 1.590 1.770 2.430 3.070 3.180
Capex 1 47.7 57.4 173 368 317 117
Capex / Sales 0.4% 0.4% 1.06% 1.61% 1.33% 0.57%
Announcement Date 3/27/19 3/25/20 3/9/21 3/10/22 3/14/23 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

  1. Stock Market
  2. Equities
  3. 000062 Stock
  4. Financials Shenzhen Huaqiang Industry Co., Ltd.