Financials Shenzhen Refond Optoelectronics Co.,Ltd.

Equities

300241

CNE1000015G5

Construction Supplies & Fixtures

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
3.73 CNY +5.97% Intraday chart for Shenzhen Refond Optoelectronics Co.,Ltd. +13.72% -33.75%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,553 3,556 3,456 5,440 3,266 3,851
Enterprise Value (EV) 1 2,459 3,429 3,521 5,099 3,309 3,851
P/E ratio 28.2 x -28.1 x 72.4 x 52.3 x 239 x -83.8 x
Yield 0.22% - - 0.25% 0.21% -
Capitalization / Revenue 1.63 x 2.59 x 2.8 x 3.69 x 2.45 x 2.8 x
EV / Revenue 1.57 x 2.5 x 2.86 x 3.46 x 2.48 x 2.8 x
EV / EBITDA 18.4 x 37.4 x 48.3 x 92 x 304 x 23.1 x
EV / FCF -16.5 x 31.2 x -18.1 x -17.1 x -6.24 x -
FCF Yield -6.07% 3.21% -5.54% -5.84% -16% -
Price to Book 1.91 x 2.98 x 2.77 x 2.54 x 1.53 x -
Nbr of stocks (in thousands) 552,579 534,745 535,795 683,381 684,761 684,051
Reference price 2 4.620 6.650 6.450 7.960 4.770 5.630
Announcement Date 4/26/19 4/17/20 4/26/21 4/27/22 4/26/23 4/24/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,562 1,372 1,233 1,472 1,336 1,377
EBITDA 1 133.5 91.63 72.86 55.4 10.89 166.5
EBIT 1 63.28 13.51 -0.0161 -28.37 -106.7 21.94
Operating Margin 4.05% 0.98% -0% -1.93% -7.99% 1.59%
Earnings before Tax (EBT) 1 99.59 -136.8 44.1 110.4 7.954 -65.65
Net income 1 86.23 -126.1 48.15 97.16 13.72 -45.93
Net margin 5.52% -9.19% 3.91% 6.6% 1.03% -3.34%
EPS 2 0.1640 -0.2367 0.0891 0.1522 0.0200 -0.0672
Free Cash Flow 1 -149.3 110 -195 -298 -530.6 -
FCF margin -9.56% 8.02% -15.82% -20.24% -39.72% -
FCF Conversion (EBITDA) - 120.01% - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0100 - - 0.0200 0.0100 -
Announcement Date 4/26/19 4/17/20 4/26/21 4/27/22 4/26/23 4/24/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 64.8 - 42.3 -
Net Cash position 1 94.4 127 - 341 - -
Leverage (Debt/EBITDA) - - 0.8893 x - 3.886 x -
Free Cash Flow 1 -149 110 -195 -298 -531 -
ROE (net income / shareholders' equity) 6.63% -9.71% 3.9% 5.79% 0.54% -2.02%
ROA (Net income/ Total Assets) 1.64% 0.37% -0% -0.63% -1.89% -
Assets 1 5,245 -33,913 -12,038,031 -15,486 -726.8 -
Book Value Per Share 2 2.420 2.230 2.330 3.130 3.110 -
Cash Flow per Share 2 0.4100 0.5100 0.3600 0.7400 0.5200 -
Capex 1 165 127 169 514 458 79
Capex / Sales 10.53% 9.26% 13.69% 34.92% 34.31% 5.74%
Announcement Date 4/26/19 4/17/20 4/26/21 4/27/22 4/26/23 4/24/24
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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