Financials Sichuan Changhong Electric Co.,Ltd.

Equities

600839

CNE000000GJ4

Household Electronics

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
5.48 CNY +2.62% Intraday chart for Sichuan Changhong Electric Co.,Ltd. +6.20% +3.59%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 10,664 13,433 13,387 15,280 12,187 24,420
Enterprise Value (EV) 1 9,012 13,043 12,117 10,029 5,046 13,787
P/E ratio 33 x 222 x 296 x 53.6 x 26 x 35.5 x
Yield 0.95% 0.34% 0.34% 0.6% 1.52% -
Capitalization / Revenue 0.13 x 0.15 x 0.14 x 0.15 x 0.13 x 0.25 x
EV / Revenue 0.11 x 0.15 x 0.13 x 0.1 x 0.05 x 0.14 x
EV / EBITDA 5.15 x 8.45 x 8.22 x 5.19 x 2.07 x 5.1 x
EV / FCF 3.09 x -85.6 x 7.55 x 2.99 x 2.12 x 5.62 x
FCF Yield 32.3% -1.17% 13.2% 33.5% 47.1% 17.8%
Price to Book 0.82 x 1.03 x 1.03 x 1.15 x 0.89 x 1.73 x
Nbr of stocks (in thousands) 4,616,244 4,616,244 4,616,244 4,616,244 4,616,244 4,616,244
Reference price 2 2.310 2.910 2.900 3.310 2.640 5.290
Announcement Date 4/17/19 4/17/20 4/21/21 4/26/22 4/25/23 4/25/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 83,385 88,793 94,448 99,632 92,482 97,456
EBITDA 1 1,751 1,543 1,474 1,932 2,437 2,705
EBIT 1 815.9 482.7 399.7 781.1 1,373 1,578
Operating Margin 0.98% 0.54% 0.42% 0.78% 1.48% 1.62%
Earnings before Tax (EBT) 1 917.6 665.2 441.8 888 1,448 2,039
Net income 1 323.2 60.56 45.37 284.6 467.9 687.7
Net margin 0.39% 0.07% 0.05% 0.29% 0.51% 0.71%
EPS 2 0.0700 0.0131 0.009800 0.0617 0.1014 0.1490
Free Cash Flow 1 2,912 -152.3 1,605 3,359 2,376 2,452
FCF margin 3.49% -0.17% 1.7% 3.37% 2.57% 2.52%
FCF Conversion (EBITDA) 166.3% - 108.84% 173.86% 97.5% 90.67%
FCF Conversion (Net income) 901.02% - 3,537.26% 1,180.32% 507.82% 356.61%
Dividend per Share 2 0.0220 0.0100 0.0100 0.0200 0.0400 -
Announcement Date 4/17/19 4/17/20 4/21/21 4/26/22 4/25/23 4/25/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,652 390 1,270 5,251 7,141 10,633
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 2,912 -152 1,605 3,359 2,376 2,452
ROE (net income / shareholders' equity) 3.01% 1.57% 1.11% 3.14% 5.08% 7.67%
ROA (Net income/ Total Assets) 0.73% 0.41% 0.33% 0.62% 1.04% 1.1%
Assets 1 44,289 14,607 13,857 46,060 44,957 62,746
Book Value Per Share 2 2.830 2.820 2.820 2.880 2.960 3.060
Cash Flow per Share 2 3.650 4.220 4.300 4.590 4.680 5.720
Capex 1 1,428 1,521 815 1,072 1,021 1,571
Capex / Sales 1.71% 1.71% 0.86% 1.08% 1.1% 1.61%
Announcement Date 4/17/19 4/17/20 4/21/21 4/26/22 4/25/23 4/25/24
1CNY in Million2CNY
Estimates
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