Financials Shenzhen Laibao Hi-Tech Co., Ltd.

Equities

002106

CNE000001Q85

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
9.49 CNY +1.82% Intraday chart for Shenzhen Laibao Hi-Tech Co., Ltd. +5.56% -10.81%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,277 6,712 8,075 8,124 5,421 7,510
Enterprise Value (EV) 1 2,806 4,798 6,072 5,804 2,771 4,505
P/E ratio 19 x 23.8 x 18.4 x 16.5 x 14.8 x 20 x
Yield 1.65% 1.05% 1.31% 0.87% 2.6% 2.35%
Capitalization / Revenue 0.97 x 1.4 x 1.2 x 1.06 x 0.88 x 1.34 x
EV / Revenue 0.64 x 1 x 0.9 x 0.76 x 0.45 x 0.81 x
EV / EBITDA 8.79 x 11.5 x 9 x 9.41 x 8.49 x 9.42 x
EV / FCF 48.6 x 12.9 x 92.2 x 27 x 30.3 x 10.6 x
FCF Yield 2.06% 7.72% 1.09% 3.7% 3.3% 9.47%
Price to Book 1.11 x 1.66 x 1.83 x 1.74 x 1.09 x 1.44 x
Nbr of stocks (in thousands) 705,816 705,816 705,816 705,816 705,816 705,816
Reference price 2 6.060 9.510 11.44 11.51 7.680 10.64
Announcement Date 3/28/19 4/9/20 3/30/21 3/30/22 3/30/23 3/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,416 4,802 6,752 7,682 6,153 5,586
EBITDA 1 319.1 416.7 674.6 616.8 326.2 478
EBIT 1 139.3 252.7 513.6 457 164.2 298
Operating Margin 3.16% 5.26% 7.61% 5.95% 2.67% 5.33%
Earnings before Tax (EBT) 1 258.3 319.1 493.4 496.7 388.7 422.7
Net income 1 224.9 281.9 438.1 491.1 366.8 376
Net margin 5.09% 5.87% 6.49% 6.39% 5.96% 6.73%
EPS 2 0.3187 0.4000 0.6207 0.6958 0.5197 0.5328
Free Cash Flow 1 57.77 370.5 65.89 214.7 91.56 426.6
FCF margin 1.31% 7.72% 0.98% 2.8% 1.49% 7.64%
FCF Conversion (EBITDA) 18.1% 88.9% 9.77% 34.81% 28.07% 89.25%
FCF Conversion (Net income) 25.68% 131.45% 15.04% 43.72% 24.96% 113.44%
Dividend per Share 2 0.1000 0.1000 0.1500 0.1000 0.2000 0.2500
Announcement Date 3/28/19 4/9/20 3/30/21 3/30/22 3/30/23 3/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,472 1,914 2,003 2,320 2,650 3,005
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 57.8 371 65.9 215 91.6 427
ROE (net income / shareholders' equity) 5.96% 7.17% 10.4% 10.8% 7.61% 7.38%
ROA (Net income/ Total Assets) 1.83% 3.11% 5.57% 4.49% 1.61% 2.88%
Assets 1 12,292 9,077 7,864 10,945 22,841 13,079
Book Value Per Share 2 5.440 5.740 6.260 6.620 7.050 7.390
Cash Flow per Share 2 2.080 2.710 2.840 3.280 3.750 4.280
Capex 1 61.3 115 51.5 178 410 211
Capex / Sales 1.39% 2.39% 0.76% 2.32% 6.66% 3.77%
Announcement Date 3/28/19 4/9/20 3/30/21 3/30/22 3/30/23 3/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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