SIEYUAN ELECTRIC CO., LTD. Financials Sieyuan Electric Co., Ltd.
Equities
002028
CNE000001KM8
Electrical Components & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 65.75 CNY | +1.80% |
|
-0.44% | +26.35% |
| Apr. 28 | Sieyuan Electric Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 08 | Sieyuan Electric Forecasts Up to 80% Growth in Q1 Profit; Shares Jump 6% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,468 | 15,306 | 37,681 | 29,409 | 40,240 | 50,884 | - | - |
| Enterprise Value (EV) 1 | 10,468 | 15,306 | 37,681 | 27,070 | 37,056 | 45,023 | 45,135 | 41,326 |
| P/E ratio | 18.9 x | 16.3 x | 31.3 x | 24 x | 25.8 x | 25.1 x | 20.1 x | 16.8 x |
| Yield | 0.73% | 1% | 0.41% | 0.78% | 0.77% | 0.79% | 0.96% | 1.19% |
| Capitalization / Revenue | 1.64 x | 2.08 x | 4.33 x | 2.79 x | 3.23 x | 3.29 x | 2.68 x | 2.23 x |
| EV / Revenue | 1.64 x | 2.08 x | 4.33 x | 2.57 x | 2.97 x | 2.91 x | 2.38 x | 1.81 x |
| EV / EBITDA | 14.7 x | 12.8 x | 25.1 x | 18.5 x | 18.8 x | 18.8 x | 15 x | 11.3 x |
| EV / FCF | - | - | - | - | 24 x | 45.4 x | 22.7 x | 57.4 x |
| FCF Yield | - | - | - | - | 4.17% | 2.2% | 4.41% | 1.74% |
| Price to Book | 2.08 x | 2.35 x | 4.5 x | 3.21 x | 3.88 x | 4.17 x | 3.51 x | 3.02 x |
| Nbr of stocks (in thousands) | 760,209 | 762,993 | 765,720 | 769,479 | 773,254 | 773,906 | - | - |
| Reference price 2 | 13.77 | 20.06 | 49.21 | 38.22 | 52.04 | 65.75 | 65.75 | 65.75 |
| Announcement Date | 1/13/20 | 1/15/21 | 1/14/22 | 1/13/23 | 4/19/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,380 | 7,373 | 8,695 | 10,537 | 12,460 | 15,446 | 18,980 | 22,859 |
| EBITDA 1 | 713.5 | 1,200 | 1,499 | 1,466 | 1,968 | 2,397 | 3,010 | 3,662 |
| EBIT 1 | 627.8 | 1,115 | 1,407 | 1,342 | 1,778 | 2,297 | 2,853 | 3,425 |
| Operating Margin | 9.84% | 15.13% | 16.18% | 12.74% | 14.27% | 14.87% | 15.03% | 14.98% |
| Earnings before Tax (EBT) 1 | 631.7 | 1,115 | 1,404 | 1,331 | 1,771 | 2,298 | 2,874 | 3,429 |
| Net income 1 | 557.6 | 933.3 | 1,198 | 1,220 | 1,559 | 2,028 | 2,524 | 3,025 |
| Net margin | 8.74% | 12.66% | 13.77% | 11.58% | 12.51% | 13.13% | 13.3% | 13.23% |
| EPS 2 | 0.7300 | 1.230 | 1.570 | 1.590 | 2.020 | 2.617 | 3.266 | 3.907 |
| Free Cash Flow 1 | - | - | - | - | 1,544 | 992 | 1,990 | 719.5 |
| FCF margin | - | - | - | - | 12.39% | 6.42% | 10.49% | 3.15% |
| FCF Conversion (EBITDA) | - | - | - | - | 78.45% | 41.38% | 66.12% | 19.65% |
| FCF Conversion (Net income) | - | - | - | - | 99.03% | 48.91% | 78.86% | 23.79% |
| Dividend per Share 2 | 0.1000 | 0.2000 | 0.2000 | 0.3000 | 0.4000 | 0.5202 | 0.6321 | 0.7822 |
| Announcement Date | 1/13/20 | 1/15/21 | 1/14/22 | 1/13/23 | 4/19/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q1 | 2023 Q3 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|
| Net sales | 2,172 | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - |
| EBIT | 211.3 | - | - | - | - | - | - |
| Operating Margin | 9.73% | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income | 218.4 | 447.8 | - | - | - | - | - |
| Net margin | 10.06% | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - |
| Dividend per Share 1 | - | - | - | - | - | 0.5323 | - |
| Announcement Date | 4/21/23 | 10/20/23 | - | - | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 2,339 | 3,184 | 5,862 | 5,749 | 9,558 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | - | - | 1,544 | 992 | 1,991 | 720 |
| ROE (net income / shareholders' equity) | 11.6% | 16.2% | 16.1% | 13.9% | 15.9% | 17.6% | 18.4% | 18.9% |
| ROA (Net income/ Total Assets) | 7.01% | 9.37% | 10.1% | 8.24% | 8.97% | 9.73% | 10.6% | 10.3% |
| Assets 1 | 7,950 | 9,960 | 11,868 | 14,812 | 17,388 | 20,849 | 23,856 | 29,310 |
| Book Value Per Share 2 | 6.630 | 8.550 | 10.90 | 11.90 | 13.40 | 15.80 | 18.70 | 21.80 |
| Cash Flow per Share 2 | 1.090 | 1.070 | 0.5000 | 1.370 | 2.940 | 2.230 | 3.400 | 4.130 |
| Capex 1 | 146 | 275 | 529 | 443 | 728 | 557 | 572 | 531 |
| Capex / Sales | 2.29% | 3.73% | 6.08% | 4.21% | 5.84% | 3.6% | 3.01% | 2.32% |
| Announcement Date | 1/13/20 | 1/15/21 | 1/14/22 | 1/13/23 | 4/19/24 | - | - | - |
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
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
65.75
CNY
Average target price
68.73
CNY
Spread / Average Target
+4.53%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +26.35% | 7.02B | |
| +4.94% | 149B | |
| +34.66% | 130B | |
| +20.01% | 130B | |
| +12.90% | 62.82B | |
| +7.65% | 41.04B | |
| +94.65% | 35B | |
| +6.26% | 32.1B | |
| -9.78% | 32.1B | |
| +4.89% | 27.31B |
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