Financials Shenzhen Yinghe Technology Co., Ltd

Equities

300457

CNE100001ZM5

Industrial Machinery & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
15.48 CNY +1.98% Intraday chart for Shenzhen Yinghe Technology Co., Ltd +3.34% -16.05%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,765 19,519 19,954 11,347 11,905 9,994 - -
Enterprise Value (EV) 1 12,791 17,403 17,926 9,558 9,265 6,801 5,986 9,994
P/E ratio 62.9 x 93.9 x 64 x 23.6 x 21.7 x 9.3 x 8.98 x 5.36 x
Yield 0.21% 0.17% 0.33% 1.25% 0.95% 1.31% 1.7% 2.09%
Capitalization / Revenue 7.65 x 8.18 x 3.84 x 1.26 x 1.22 x 0.9 x 0.79 x 0.65 x
EV / Revenue 7.66 x 7.3 x 3.45 x 1.06 x 0.95 x 0.61 x 0.47 x 0.65 x
EV / EBITDA 45.5 x 60 x 50.2 x 14.6 x 7.02 x 4.98 x 4.08 x 4.3 x
EV / FCF -37,551,994 x -306,988,303 x -1,645,328,726 x 67,172,593 x - - - -
FCF Yield -0% -0% -0% 0% - - - -
Price to Book 3.98 x 3.72 x 3.61 x 2 x 1.94 x 1.5 x 1.27 x 1.25 x
Nbr of stocks (in thousands) 564,005 649,538 649,538 642,156 645,622 645,622 - -
Reference price 2 22.63 30.05 30.72 17.67 18.44 15.48 15.48 15.48
Announcement Date 2/27/20 3/22/21 3/24/22 3/28/23 3/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,670 2,385 5,202 9,020 9,750 11,072 12,648 15,420
EBITDA 1 281.3 290.3 356.9 652.7 1,319 1,367 1,468 2,325
EBIT 1 254.1 213.3 279.1 550.9 1,120 1,917 1,757 3,364
Operating Margin 15.21% 8.95% 5.37% 6.11% 11.49% 17.31% 13.89% 21.82%
Earnings before Tax (EBT) 1 256 213.9 282 521.3 1,113 1,905 1,690 3,353
Net income 1 201.3 190.7 311.4 487.4 553.8 1,080 1,119 1,876
Net margin 12.06% 8% 5.99% 5.4% 5.68% 9.75% 8.85% 12.17%
EPS 2 0.3600 0.3200 0.4800 0.7500 0.8500 1.665 1.725 2.890
Free Cash Flow -340.6 -56.69 -10.9 142.3 - - - -
FCF margin -20.4% -2.38% -0.21% 1.58% - - - -
FCF Conversion (EBITDA) - - - 21.8% - - - -
FCF Conversion (Net income) - - - 29.19% - - - -
Dividend per Share 2 0.0467 0.0500 0.1000 0.2200 0.1750 0.2030 0.2630 0.3230
Announcement Date 2/27/20 3/22/21 3/24/22 3/28/23 3/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - - - - - - 1,738 - - 2,253 1,866 3,370 2,966 2,478 2,160 3,808
EBITDA - - - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - - -
Net income 272 - - - - - 103 - - - - - - - - -
Net margin - - - - - - 5.93% - - - - - - - - -
EPS 2 0.4800 0.2200 0.1000 0.3100 0.1366 0.2100 0.1600 0.3000 0.3300 0.0600 0.2400 0.3200 0.3600 0.4600 - -
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 8/27/20 3/24/22 4/26/22 8/24/22 10/25/22 3/28/23 4/25/23 8/24/23 10/23/23 3/26/24 4/26/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 26 - - - - - - -
Net Cash position 1 - 2,115 2,027 1,789 2,640 3,193 4,008 -
Leverage (Debt/EBITDA) 0.0924 x - - - - - - -
Free Cash Flow -341 -56.7 -10.9 142 - - - -
ROE (net income / shareholders' equity) 5.42% 4.93% 5.78% 8.5% 9.3% 12.5% 13.5% 18%
ROA (Net income/ Total Assets) 3.04% 2.77% 2.99% 3.35% 3.26% 4.43% 5.5% 5.65%
Assets 1 6,613 6,874 10,411 14,561 16,973 24,362 20,348 33,204
Book Value Per Share 2 5.690 8.080 8.500 8.850 9.510 10.30 12.20 12.40
Cash Flow per Share 2 0.2200 0.3100 0.6900 0.5100 2.150 2.210 2.210 2.980
Capex 1 466 260 462 187 191 300 275 350
Capex / Sales 27.92% 10.92% 8.87% 2.07% 1.96% 2.71% 2.17% 2.27%
Announcement Date 2/27/20 3/22/21 3/24/22 3/28/23 3/26/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
15.48 CNY
Average target price
18.28 CNY
Spread / Average Target
+18.06%
Consensus
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