Financials Xi'an Shaangu Power Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
9.24 ^CNY	-0.86%		-4.74%	+15.79%

Apr. 18	Xi'an Shaangu Power to Buy Financial Products	MT
Mar. 26	Xi'An Shaangu Power's 2023 Profit Climbs Despite Revenue Slip	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	11,161	12,048	22,483	19,800	13,783	15,948	-	-
Enterprise Value (EV) ¹	11,161	12,048	22,483	19,800	13,783	15,948	15,948	15,948
P/E ratio	18.4 x	17.6 x	25.4 x	20.4 x	13.5 x	13.9 x	11.6 x	10 x
Yield	3.46%	3.9%	-	-	-	4.44%	5.41%	6.17%
Capitalization / Revenue	1.53 x	1.49 x	-	1.84 x	1.36 x	1.37 x	1.19 x	1.04 x
EV / Revenue	1.53 x	1.49 x	-	1.84 x	1.36 x	1.37 x	1.19 x	1.04 x
EV / EBITDA	10.6 x	9.97 x	-	-	8.43 x	9.69 x	7.98 x	6.81 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.67 x	1.73 x	-	2.43 x	1.58 x	1.73 x	1.6 x	1.48 x
Nbr of stocks (in thousands)	1,678,330	1,677,960	1,726,773	1,727,754	1,727,191	1,725,929	-	-
Reference price ²	6.650	7.180	13.02	11.46	7.980	9.240	9.240	9.240
Announcement Date	4/9/20	4/9/21	4/27/22	4/19/23	3/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	7,304	8,065	-	10,766	10,143	11,666	13,431	15,373
EBITDA ¹	1,050	1,208	-	-	1,634	1,646	1,998	2,340
EBIT ¹	805.8	936.3	-	1,232	1,337	1,472	1,767	2,038
Operating Margin	11.03%	11.61%	-	11.44%	13.18%	12.62%	13.16%	13.26%
Earnings before Tax (EBT) ¹	824.8	943.1	-	1,299	1,356	1,508	1,807	2,080
Net income ¹	603.1	684.9	857.6	968.4	1,020	1,147	1,381	1,591
Net margin	8.26%	8.49%	-	8.99%	10.06%	9.83%	10.28%	10.35%
EPS ²	0.3617	0.4085	0.5121	0.5623	0.5906	0.6650	0.8000	0.9225
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2300	0.2800	-	-	-	0.4100	0.5000	0.5700
Announcement Date	4/9/20	4/9/21	4/27/22	4/19/23	3/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	9.22%	10.2%	-	12.5%	12.2%	12.2%	13.7%	14.5%
ROA (Net income/ Total Assets)	3.11%	3.14%	-	-	-	4.6%	5%	5.1%
Assets ¹	19,375	21,797	-	-	-	24,932	27,623	31,197
Book Value Per Share ²	3.990	4.150	-	4.720	5.060	5.360	5.770	6.260
Cash Flow per Share ²	0.5500	0.7000	-	0.5300	0.7800	1.210	0.6700	1.430
Capex ¹	115	282	-	459	522	501	648	460
Capex / Sales	1.58%	3.49%	-	4.26%	5.14%	4.29%	4.82%	2.99%
Announcement Date	4/9/20	4/9/21	4/27/22	4/19/23	3/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9.24 CNY

Average target price

11.15 CNY

Spread / Average Target

+20.67%

	1st Jan change	Capi.
XI'AN SHAANGU POWER CO., LTD.	+15.79%	2.2B
TRELLEBORG AB	+15.05%	8.49B
MUELLER INDUSTRIES, INC.	+21.59%	6.51B
SFS GROUP AG	+5.76%	4.68B
MISUMI GROUP INC.	+0.75%	4.31B
SHANGHAI MOONS' ELECTRIC CO., LTD.	-14.26%	3.27B
LEADER HARMONIOUS DRIVE SYSTEMS CO., LTD.	-22.11%	2.78B
HIWIN TECHNOLOGIES CORPORATION	-0.43%	2.54B
HARMONIC DRIVE SYSTEMS INC.	-4.09%	2.41B
DONGGUAN YIHEDA AUTOMATION CO., LTD	-4.81%	1.96B