WENZHOU HONGFENG ELECTRICAL ALLOY CO., LTD. Financials Wenzhou Hongfeng Electrical Alloy Co., Ltd.
Equities
300283
CNE100001F86
Electrical Components & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.81 CNY | +0.84% |
|
-1.03% | -24.37% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,844 | 1,860 | 2,452 | 3,221 | 2,137 | 2,780 |
| Enterprise Value (EV) 1 | 2,409 | 2,477 | 3,076 | 3,829 | 3,101 | 4,038 |
| P/E ratio | 89 x | 74.8 x | 70.1 x | 52.6 x | 69.9 x | 127 x |
| Yield | 0.22% | 0.29% | 0.36% | 0.54% | 0.51% | 0.31% |
| Capitalization / Revenue | 1.57 x | 0.96 x | 1.39 x | 1.37 x | 1 x | 0.96 x |
| EV / Revenue | 2.05 x | 1.28 x | 1.75 x | 1.63 x | 1.45 x | 1.39 x |
| EV / EBITDA | 31.8 x | 23.9 x | 23.9 x | 23.4 x | 22.5 x | 58 x |
| EV / FCF | -547 x | -1,498 x | -25.1 x | 192 x | -7.7 x | -11.3 x |
| FCF Yield | -0.18% | -0.07% | -3.98% | 0.52% | -13% | -8.82% |
| Price to Book | 3.15 x | 3.03 x | 3.21 x | 3.93 x | 2.26 x | 2.92 x |
| Nbr of stocks (in thousands) | 414,361 | 414,361 | 437,085 | 437,085 | 437,090 | 437,129 |
| Reference price 2 | 4.450 | 4.490 | 5.610 | 7.370 | 4.890 | 6.360 |
| Announcement Date | 4/23/19 | 4/27/20 | 4/28/21 | 4/14/22 | 4/12/23 | 4/17/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,173 | 1,936 | 1,760 | 2,353 | 2,134 | 2,900 |
| EBITDA 1 | 75.85 | 103.7 | 128.7 | 163.7 | 137.8 | 69.57 |
| EBIT 1 | 33.48 | 46.72 | 66.63 | 96.5 | 61.16 | -18.21 |
| Operating Margin | 2.85% | 2.41% | 3.79% | 4.1% | 2.87% | -0.63% |
| Earnings before Tax (EBT) 1 | 19.27 | 25.24 | 35.24 | 63.74 | 25.11 | 17.86 |
| Net income 1 | 20.97 | 26.11 | 34.93 | 60.33 | 30.33 | 21.12 |
| Net margin | 1.79% | 1.35% | 1.99% | 2.56% | 1.42% | 0.73% |
| EPS 2 | 0.0500 | 0.0600 | 0.0800 | 0.1400 | 0.0700 | 0.0500 |
| Free Cash Flow 1 | -4.405 | -1.654 | -122.4 | 19.93 | -402.7 | -356.3 |
| FCF margin | -0.38% | -0.09% | -6.96% | 0.85% | -18.88% | -12.29% |
| FCF Conversion (EBITDA) | - | - | - | 12.17% | - | - |
| FCF Conversion (Net income) | - | - | - | 33.02% | - | - |
| Dividend per Share 2 | 0.0100 | 0.0130 | 0.0200 | 0.0400 | 0.0250 | 0.0200 |
| Announcement Date | 4/23/19 | 4/27/20 | 4/28/21 | 4/14/22 | 4/12/23 | 4/17/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 565 | 616 | 624 | 607 | 964 | 1,258 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.444 x | 5.943 x | 4.852 x | 3.711 x | 6.993 x | 18.08 x |
| Free Cash Flow 1 | -4.41 | -1.65 | -122 | 19.9 | -403 | -356 |
| ROE (net income / shareholders' equity) | 3.08% | 4.01% | 4.92% | 7.72% | 3.17% | 1.05% |
| ROA (Net income/ Total Assets) | 1.47% | 2.05% | 2.61% | 3.21% | 1.7% | -0.43% |
| Assets 1 | 1,430 | 1,277 | 1,337 | 1,882 | 1,781 | -4,937 |
| Book Value Per Share 2 | 1.410 | 1.480 | 1.750 | 1.880 | 2.160 | 2.180 |
| Cash Flow per Share 2 | 0.0500 | 0.0200 | 0.1400 | 0.5600 | 0.3700 | 0.3100 |
| Capex 1 | 120 | 22.8 | 66.4 | 116 | 218 | 362 |
| Capex / Sales | 10.23% | 1.18% | 3.78% | 4.92% | 10.21% | 12.48% |
| Announcement Date | 4/23/19 | 4/27/20 | 4/28/21 | 4/14/22 | 4/12/23 | 4/17/24 |
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. | |
|---|---|---|
| -24.37% | 288M | |
| +28.20% | 140B | |
| +38.76% | 135B | |
| +17.20% | 65.04B | |
| +5.15% | 39.15B | |
| +107.29% | 37.11B | |
| +7.02% | 32.66B | |
| -12.18% | 30.82B | |
| +8.40% | 28.99B | |
| +33.91% | 26.84B |
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