TIANJIN JINGWEI HUIKAI OPTOELECTRONIC CO., LTD. Financials Tianjin Jingwei Huikai Optoelectronic Co., Ltd.
Equities
300120
CNE100000TT5
Electronic Equipment & Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.97 CNY | +3.33% |
|
+11.43% | -31.54% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,367 | 2,974 | 4,868 | 4,240 | 2,805 | 4,170 |
| Enterprise Value (EV) 1 | 2,458 | 2,901 | 5,250 | 4,751 | 3,256 | 4,191 |
| P/E ratio | 17.4 x | 19.4 x | 61.2 x | 97.9 x | 76.3 x | -13.5 x |
| Yield | 1.65% | 1.56% | 0.76% | - | 0.83% | - |
| Capitalization / Revenue | 1.15 x | 1.28 x | 1.56 x | 1.31 x | 1.04 x | 1.21 x |
| EV / Revenue | 1.19 x | 1.24 x | 1.69 x | 1.46 x | 1.21 x | 1.22 x |
| EV / EBITDA | 10.7 x | 14.2 x | 31.8 x | 29.6 x | 20.1 x | 28.5 x |
| EV / FCF | -82.9 x | -24.9 x | -16.6 x | -94.1 x | -747 x | -56.8 x |
| FCF Yield | -1.21% | -4.02% | -6.03% | -1.06% | -0.13% | -1.76% |
| Price to Book | 1.24 x | 1.21 x | 1.96 x | 1.69 x | 1.1 x | 1.32 x |
| Nbr of stocks (in thousands) | 389,927 | 464,757 | 464,478 | 464,401 | 464,401 | 574,394 |
| Reference price 2 | 6.070 | 6.400 | 10.48 | 9.130 | 6.040 | 7.260 |
| Announcement Date | 4/11/19 | 3/24/20 | 4/12/21 | 4/25/22 | 4/25/23 | 4/22/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,063 | 2,332 | 3,115 | 3,245 | 2,700 | 3,434 |
| EBITDA 1 | 229.6 | 203.6 | 165 | 160.8 | 162.4 | 146.9 |
| EBIT 1 | 178.5 | 154.7 | 92.26 | 87.16 | 95.49 | 81.89 |
| Operating Margin | 8.66% | 6.63% | 2.96% | 2.69% | 3.54% | 2.38% |
| Earnings before Tax (EBT) 1 | 163.3 | 143.9 | 91.86 | 70.68 | 45.25 | -275.3 |
| Net income 1 | 134.6 | 137.5 | 79.58 | 43.31 | 36.77 | -289.3 |
| Net margin | 6.53% | 5.89% | 2.55% | 1.33% | 1.36% | -8.43% |
| EPS 2 | 0.3486 | 0.3306 | 0.1713 | 0.0933 | 0.0792 | -0.5380 |
| Free Cash Flow 1 | -29.67 | -116.5 | -316.5 | -50.51 | -4.36 | -73.75 |
| FCF margin | -1.44% | -5% | -10.16% | -1.56% | -0.16% | -2.15% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1000 | 0.1000 | 0.0800 | - | 0.0500 | - |
| Announcement Date | 4/11/19 | 3/24/20 | 4/12/21 | 4/25/22 | 4/25/23 | 4/22/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 91.3 | - | 382 | 511 | 451 | 21.3 |
| Net Cash position 1 | - | 73.8 | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.3975 x | - | 2.318 x | 3.181 x | 2.778 x | 0.1448 x |
| Free Cash Flow 1 | -29.7 | -117 | -316 | -50.5 | -4.36 | -73.7 |
| ROE (net income / shareholders' equity) | 7.04% | 5.76% | 3.22% | 2.92% | 1.6% | -10.4% |
| ROA (Net income/ Total Assets) | 4.03% | 2.96% | 1.48% | 1.33% | 1.4% | 1.12% |
| Assets 1 | 3,344 | 4,647 | 5,362 | 3,257 | 2,628 | -25,824 |
| Book Value Per Share 2 | 4.910 | 5.280 | 5.360 | 5.400 | 5.480 | 5.490 |
| Cash Flow per Share 2 | 0.6400 | 1.130 | 0.7000 | 0.6300 | 1.070 | 2.050 |
| Capex 1 | 76.6 | 185 | 164 | 44.7 | 17.6 | 71.7 |
| Capex / Sales | 3.71% | 7.92% | 5.26% | 1.38% | 0.65% | 2.09% |
| Announcement Date | 4/11/19 | 3/24/20 | 4/12/21 | 4/25/22 | 4/25/23 | 4/22/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -31.54% | 394M | |
| +2.89% | 26.8B | |
| +14.65% | 12.48B | |
| +15.48% | 7.97B | |
| +0.55% | 4.29B | |
| -10.70% | 4.15B | |
| -1.75% | 3.91B | |
| +15.41% | 3.86B | |
| -19.00% | 3.75B | |
| -24.98% | 2.71B |
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- Financials Tianjin Jingwei Huikai Optoelectronic Co., Ltd.
