Financials Sichuan Zhongguang Lightning Protection Technologies Co., Ltd.

Equities

300414

CNE100001Y91

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
7.5 CNY +2.60% Intraday chart for Sichuan Zhongguang Lightning Protection Technologies Co., Ltd. +9.17% -22.12%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,610 3,939 3,799 3,678 2,383 3,140
Enterprise Value (EV) 1 2,097 3,416 3,298 3,285 1,888 2,571
P/E ratio 49.2 x 80.9 x 120 x 126 x 91.4 x 120 x
Yield 0.52% 0.37% 0.13% 0.15% 0.22% 0.16%
Capitalization / Revenue 6.87 x 9.83 x 8.51 x 6.21 x 4.3 x 5.66 x
EV / Revenue 5.52 x 8.53 x 7.39 x 5.55 x 3.4 x 4.63 x
EV / EBITDA 54.4 x 83.6 x 125 x 87.5 x 54.6 x 72.4 x
EV / FCF -164 x -1,204 x -102 x -31.5 x 19.8 x 35.1 x
FCF Yield -0.61% -0.08% -0.98% -3.17% 5.04% 2.85%
Price to Book 3.09 x 4.47 x 4.21 x 3.92 x 2.49 x 3.21 x
Nbr of stocks (in thousands) 324,733 324,733 324,733 325,742 326,019 326,019
Reference price 2 8.037 12.13 11.70 11.29 7.310 9.630
Announcement Date 3/22/19 3/30/20 3/29/21 3/24/22 4/27/23 4/16/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 379.8 400.5 446.4 591.9 554.6 555
EBITDA 1 38.54 40.88 26.29 37.54 34.59 35.5
EBIT 1 30.04 31.18 15.42 25.01 21.55 23.05
Operating Margin 7.91% 7.78% 3.45% 4.23% 3.89% 4.15%
Earnings before Tax (EBT) 1 60.21 54.14 32.86 25.97 37.21 16.86
Net income 1 53.58 49.94 31.75 29.12 24.76 25.61
Net margin 14.11% 12.47% 7.11% 4.92% 4.46% 4.61%
EPS 2 0.1632 0.1500 0.0978 0.0893 0.0800 0.0800
Free Cash Flow 1 -12.76 -2.838 -32.24 -104.3 95.2 73.26
FCF margin -3.36% -0.71% -7.22% -17.62% 17.17% 13.2%
FCF Conversion (EBITDA) - - - - 275.25% 206.38%
FCF Conversion (Net income) - - - - 384.55% 286.1%
Dividend per Share 2 0.0421 0.0450 0.0150 0.0170 0.0160 0.0150
Announcement Date 3/22/19 3/30/20 3/29/21 3/24/22 4/27/23 4/16/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 513 523 502 393 495 569
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -12.8 -2.84 -32.2 -104 95.2 73.3
ROE (net income / shareholders' equity) 6.36% 5.35% 3.01% 2.33% 3.25% 2.21%
ROA (Net income/ Total Assets) 1.92% 1.95% 0.92% 1.4% 1.15% 1.22%
Assets 1 2,790 2,563 3,441 2,080 2,158 2,103
Book Value Per Share 2 2.600 2.720 2.780 2.880 2.940 3.000
Cash Flow per Share 2 0.6900 0.9100 0.9500 0.9600 0.7600 0.9100
Capex 1 16.1 16.4 20.2 19.1 11.8 13.5
Capex / Sales 4.25% 4.09% 4.53% 3.23% 2.12% 2.43%
Announcement Date 3/22/19 3/30/20 3/29/21 3/24/22 4/27/23 4/16/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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