Financials Suzhou Maxwell Technologies Co., Ltd.

Equities

300751

CNE100003FS0

Industrial Machinery & Equipment

End-of-day quote Shenzhen Stock Exchange 06:00:00 2023-12-07 pm EST Intraday chart for Suzhou Maxwell Technologies Co., Ltd. 5-day change 1st Jan Change
102.41 CNY +0.16% -3.75% -60.21%

Valuation

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 6 225 7 355 35 205 69 413 71 473 28 479 - -
Enterprise Value (EV) 1 6 225 7 355 34 607 66 732 68 237 24 791 24 699 24 037
P/E ratio 28,1x 29,8x 90,8x 104x 83,4x 25,4x 14,7x 10,9x
Yield - - 0,22% 0,23% 0,36% 1,16% 2,17% 2,69%
Capitalization / Revenue 7,90x 5,12x 15,4x 22,4x 17,2x 4,01x 2,40x 1,85x
EV / Revenue 7,90x 5,12x 15,1x 21,6x 16,4x 3,49x 2,08x 1,56x
EV / EBITDA 30,7x 26,0x 84,6x 100x 77,6x 24,5x 13,1x 9,51x
EV / FCF - - 156x 123x 420x 12,6x -942x 30,2x
FCF Yield - - 0,64% 0,81% 0,24% 7,91% -0,11% 3,31%
Price to Book 5,46x 5,41x 20,2x 11,8x 11,1x 3,90x 3,21x 2,59x
Nbr of stocks (in thousands) 239 616 239 616 239 616 276 656 277 673 278 085 - -
Reference price 2 26,0 30,7 147 251 257 102 102 102
Announcement Date 2/25/19 2/28/20 4/9/21 3/10/22 4/24/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 788 1 438 2 285 3 095 4 148 7 103 11 875 15 365
EBITDA 1 203 283 409 665 880 1 011 1 886 2 527
EBIT 1 199 277 389 630 822 1 086 1 886 2 617
Operating Margin 25,2% 19,2% 17,0% 20,4% 19,8% 15,3% 15,9% 17,0%
Earnings before Tax (EBT) 1 204 292 451 647 837 1 158 1 999 2 691
Net income 1 171 248 394 643 862 1 137 1 954 2 628
Net margin 21,7% 17,2% 17,3% 20,8% 20,8% 16,0% 16,5% 17,1%
EPS 2 0,92 1,03 1,62 2,40 3,09 4,03 6,95 9,40
Free Cash Flow 1 - - 222 541 162 1 961 -26,2 795
FCF margin - - 9,71% 17,5% 3,91% 27,6% -0,22% 5,17%
FCF Conversion (EBITDA) - - 54,3% 81,4% 18,5% 194% - 31,4%
FCF Conversion (Net income) - - 56,3% 84,1% 18,8% 172% - 30,2%
Dividend per Share 2 - - 0,33 0,59 0,94 1,19 2,23 2,75
Announcement Date 2/25/19 2/28/20 4/9/21 3/10/22 4/24/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period : December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 946 910 834 926 1 255 1 133 1 157 1 712 2 238 1 957 2 249 2 496 3 397 3 031
EBITDA 1 240 84,7 187 188 243 261 - - - 30,4 395 398 553 114
EBIT 1 224 121 214 234 294 80,6 223 216 310 15,8 372 375 530 91,4
Operating Margin 23,7% 13,2% 25,7% 25,2% 23,4% 7,11% 19,3% 12,6% 13,8% 0,81% 16,6% 15,0% 15,6% 3,01%
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income 204 - 180 216 291 - 221 204 289 - - - - -
Net margin 21,6% - 21,6% 23,4% 23,2% - 19,1% 11,9% 12,9% - - - - -
EPS 2 0,77 0,68 - 0,39 1,04 0,63 0,79 0,25 1,04 0,34 1,13 1,45 2,08 1,21
Dividend per Share 2 - 0,59 - - - 0,94 - - - 1,60 - - - 2,82
Announcement Date 10/28/21 3/10/22 4/18/22 8/25/22 10/26/22 4/24/23 4/24/23 8/24/23 10/24/23 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - - -
Net Cash position 1 - - 598 2 681 3 236 3 688 3 780 4 442
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 222 541 162 1 961 -26,2 795
ROE (net income / shareholders' equity) 38,0% 20,0% 25,9% 16,9% 14,2% 15,5% 22,5% 24,6%
Shareholders' equity 1 450 1 238 1 521 3 809 6 091 7 315 8 684 10 687
ROA (Net income/ Total Assets) - - 9,11% 8,91% 7,09% 6,44% 8,23% 8,44%
Assets 1 - - 4 329 7 214 12 151 17 649 23 745 31 123
Book Value Per Share 2 4,76 5,67 7,27 21,2 23,2 26,3 31,9 39,6
Cash Flow per Share 2 0,00 -0,35 1,56 2,46 3,07 6,35 6,61 6,20
Capex 1 40,8 159 153 116 693 443 336 457
Capex / Sales 5,18% 11,0% 6,70% 3,76% 16,7% 6,23% 2,83% 2,97%
Announcement Date 2/25/19 2/28/20 4/9/21 3/10/22 4/24/23 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
102.41CNY
Average target price
158.71CNY
Spread / Average Target
+54.97%
Consensus
1st Jan change Capi.
-60.21% 3 975 M $
+0.61% 13 636 M $
-38.51% 5 392 M $
+1.51% 5 057 M $
-9.67% 3 858 M $
+0.10% 3 570 M $
-28.14% 3 224 M $
+50.85% 3 137 M $
-30.57% 2 793 M $
+24.35% 2 826 M $
Industrial Machinery
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