Financials Sunyes Manufacturing (Zhejiang) Holding Co., Ltd.

Equities

002388

CNE100000N38

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
4.07 CNY -1.45% Intraday chart for Sunyes Manufacturing (Zhejiang) Holding Co., Ltd. +5.44% -35.29%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,761 3,615 2,836 2,864 3,274 3,212
Enterprise Value (EV) 1 2,720 3,637 2,706 2,341 3,364 3,520
P/E ratio 85.9 x 70 x 40.4 x 46.9 x 129 x -13.1 x
Yield - - 3.54% - - -
Capitalization / Revenue 3.3 x 2.39 x 1.39 x 1.23 x 1.81 x 1.5 x
EV / Revenue 3.25 x 2.4 x 1.33 x 1.01 x 1.86 x 1.64 x
EV / EBITDA 49.1 x 39.4 x 30.2 x 28 x 46.1 x 59.5 x
EV / FCF -5.82 x -56.6 x 13.1 x 37.1 x -5.89 x 8.47 x
FCF Yield -17.2% -1.77% 7.63% 2.7% -17% 11.8%
Price to Book 2.41 x 3.04 x 2.35 x 2.01 x 1.95 x 2.65 x
Nbr of stocks (in thousands) 503,767 502,024 502,024 508,722 505,967 510,655
Reference price 2 5.480 7.200 5.650 5.630 6.470 6.290
Announcement Date 4/23/19 4/27/20 4/12/21 4/27/22 4/27/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 837.6 1,515 2,039 2,320 1,807 2,146
EBITDA 1 55.38 92.25 89.51 83.65 72.94 59.16
EBIT 1 34.84 69.27 62.84 68.75 60.56 -0.8396
Operating Margin 4.16% 4.57% 3.08% 2.96% 3.35% -0.04%
Earnings before Tax (EBT) 1 26.13 64.56 65.09 65.98 60.54 -263.9
Net income 1 32.16 51.77 70.1 60.41 24.51 -241.4
Net margin 3.84% 3.42% 3.44% 2.6% 1.36% -11.25%
EPS 2 0.0638 0.1028 0.1400 0.1200 0.0500 -0.4800
Free Cash Flow 1 -467.5 -64.22 206.4 63.12 -571.4 415.6
FCF margin -55.81% -4.24% 10.12% 2.72% -31.62% 19.36%
FCF Conversion (EBITDA) - - 230.63% 75.45% - 702.55%
FCF Conversion (Net income) - - 294.48% 104.48% - -
Dividend per Share - - 0.2000 - - -
Announcement Date 4/23/19 4/27/20 4/12/21 4/27/22 4/27/23 4/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 22.7 - - 90.5 308
Net Cash position 1 40.8 - 130 523 - -
Leverage (Debt/EBITDA) - 0.2457 x - - 1.24 x 5.2 x
Free Cash Flow 1 -467 -64.2 206 63.1 -571 416
ROE (net income / shareholders' equity) 1.75% 3.05% 3.11% 3.63% 1.64% -17.9%
ROA (Net income/ Total Assets) 1.06% 2.1% 1.7% 1.83% 1.58% -0.02%
Assets 1 3,031 2,470 4,120 3,304 1,548 1,277,135
Book Value Per Share 2 2.270 2.370 2.410 2.800 3.320 2.370
Cash Flow per Share 2 1.000 1.010 1.700 1.920 1.500 0.4600
Capex 1 19.8 42.6 9.19 1.42 232 20.7
Capex / Sales 2.36% 2.81% 0.45% 0.06% 12.81% 0.96%
Announcement Date 4/23/19 4/27/20 4/12/21 4/27/22 4/27/23 4/29/24
1CNY in Million2CNY
Estimates
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