Financials Sinostar Cable Co., Ltd

Equities

300933

CNE100004CR7

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
6.15 CNY +1.65% Intraday chart for Sinostar Cable Co., Ltd +6.59% -34.92%

Valuation

Fiscal Period: December 2021 2022 2023
Capitalization 1 5,603 3,411 4,333
Enterprise Value (EV) 1 5,770 3,953 5,070
P/E ratio 67.9 x 43.8 x 67.5 x
Yield 0.25% - -
Capitalization / Revenue 2.21 x 1.32 x 1.55 x
EV / Revenue 2.28 x 1.53 x 1.81 x
EV / EBITDA 38.8 x 25.6 x 27.9 x
EV / FCF -57.1 x -7.59 x -28 x
FCF Yield -1.75% -13.2% -3.57%
Price to Book 4.14 x 2.19 x 3.03 x
Nbr of stocks (in thousands) 458,500 458,507 458,509
Reference price 2 12.22 7.440 9.450
Announcement Date 4/21/22 4/26/23 4/26/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,902 2,094 2,054 2,531 2,579 2,799
EBITDA 1 144.8 156.4 162.8 148.9 154.6 181.7
EBIT 1 114 125.7 129.9 123.6 126.9 150.3
Operating Margin 5.99% 6% 6.33% 4.88% 4.92% 5.37%
Earnings before Tax (EBT) 1 101.8 109.7 102.3 84.95 84.79 79.08
Net income 1 88.92 97.34 91.59 81.7 76.29 66.35
Net margin 4.68% 4.65% 4.46% 3.23% 2.96% 2.37%
EPS 2 0.2500 0.2700 0.2500 0.1800 0.1700 0.1400
Free Cash Flow 1 -64.09 84.65 -197.3 -101 -520.9 -181.2
FCF margin -3.37% 4.04% -9.6% -3.99% -20.2% -6.47%
FCF Conversion (EBITDA) - 54.13% - - - -
FCF Conversion (Net income) - 86.96% - - - -
Dividend per Share - - 0.0300 0.0300 - -
Announcement Date 6/21/19 1/18/21 4/12/21 4/21/22 4/26/23 4/26/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 273 160 332 167 541 737
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.882 x 1.022 x 2.038 x 1.12 x 3.503 x 4.056 x
Free Cash Flow 1 -64.1 84.6 -197 -101 -521 -181
ROE (net income / shareholders' equity) 11.1% 10.5% 8.93% 6.46% 5.16% 4.56%
ROA (Net income/ Total Assets) 4.37% 4.4% 3.94% 3.03% 2.52% 2.55%
Assets 1 2,037 2,210 2,325 2,697 3,029 2,603
Book Value Per Share 2 2.290 2.550 2.800 2.950 3.390 3.110
Cash Flow per Share 2 0.7700 1.040 1.100 1.400 1.710 1.600
Capex 1 10.7 25.7 37.5 105 88.1 130
Capex / Sales 0.57% 1.23% 1.82% 4.13% 3.42% 4.63%
Announcement Date 6/21/19 1/18/21 4/12/21 4/21/22 4/26/23 4/26/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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