XIAMEN FARATRONIC CO., LTD. Financials Xiamen Faratronic Co., Ltd.
Equities
600563
CNE000001D72
Electrical Components & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 93.96 CNY | +3.39% |
|
-2.00% | +1.47% |
| Mar. 25 | Xiamen Faratronic Posts Marginal Profit, Revenue Growth in 2023 | MT |
| Mar. 22 | Xiamen Faratronic Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,126 | 24,199 | 52,290 | 35,973 | 20,835 | 21,141 | - | - |
| Enterprise Value (EV) 1 | 10,509 | 23,456 | 51,544 | 34,642 | 20,262 | 20,414 | 20,034 | 19,476 |
| P/E ratio | 24.4 x | 43.5 x | 63 x | 35.8 x | 20.4 x | 17.4 x | 13.1 x | 12.7 x |
| Yield | 2.63% | 1.21% | 0.69% | 1.13% | 2.16% | 2.37% | 2.77% | 3.14% |
| Capitalization / Revenue | 6.62 x | 12.8 x | 18.6 x | 9.38 x | 5.37 x | 4.54 x | 3.37 x | 3.17 x |
| EV / Revenue | 6.25 x | 12.4 x | 18.3 x | 9.03 x | 5.22 x | 4.39 x | 3.2 x | 2.92 x |
| EV / EBITDA | 17.1 x | 32.1 x | 48.1 x | 26.8 x | 14.8 x | 13.4 x | 10.8 x | 9.45 x |
| EV / FCF | - | - | - | 75.4 x | 31 x | 36.5 x | 23.6 x | 17.7 x |
| FCF Yield | - | - | - | 1.33% | 3.22% | 2.74% | 4.23% | 5.65% |
| Price to Book | 4.23 x | 8.36 x | 15.2 x | 8.82 x | 4.43 x | 3.88 x | 3.09 x | 2.84 x |
| Nbr of stocks (in thousands) | 225,000 | 225,000 | 225,000 | 225,000 | 225,000 | 225,000 | - | - |
| Reference price 2 | 49.45 | 107.6 | 232.4 | 159.9 | 92.60 | 93.96 | 93.96 | 93.96 |
| Announcement Date | 4/6/20 | 3/26/21 | 3/25/22 | 3/31/23 | 3/22/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,680 | 1,891 | 2,811 | 3,836 | 3,880 | 4,652 | 6,267 | 6,665 |
| EBITDA 1 | 614.2 | 730.6 | 1,071 | 1,292 | 1,369 | 1,519 | 1,855 | 2,061 |
| EBIT 1 | 541.1 | 655.1 | 977.7 | 1,155 | 1,182 | 1,339 | 1,750 | 1,853 |
| Operating Margin | 32.2% | 34.65% | 34.79% | 30.1% | 30.48% | 28.77% | 27.93% | 27.8% |
| Earnings before Tax (EBT) 1 | 542.1 | 656.5 | 977.6 | 1,154 | 1,185 | 1,391 | 1,814 | 1,926 |
| Net income 1 | 455.9 | 555.6 | 830.6 | 1,007 | 1,024 | 1,207 | 1,588 | 1,658 |
| Net margin | 27.13% | 29.39% | 29.55% | 26.24% | 26.39% | 25.95% | 25.34% | 24.87% |
| EPS 2 | 2.030 | 2.470 | 3.690 | 4.470 | 4.550 | 5.414 | 7.166 | 7.417 |
| Free Cash Flow 1 | - | - | - | 459.3 | 652.9 | 559.5 | 848 | 1,100 |
| FCF margin | - | - | - | 11.97% | 16.83% | 12.03% | 13.53% | 16.51% |
| FCF Conversion (EBITDA) | - | - | - | 35.54% | 47.7% | 36.84% | 45.71% | 53.4% |
| FCF Conversion (Net income) | - | - | - | 45.62% | 63.76% | 46.35% | 53.39% | 66.39% |
| Dividend per Share 2 | 1.300 | 1.300 | 1.600 | 1.800 | 2.000 | 2.222 | 2.600 | 2.948 |
| Announcement Date | 4/6/20 | 3/26/21 | 3/25/22 | 3/31/23 | 3/22/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 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 | - | 836.5 | 789.7 | 840.1 | 923.1 | 1,053 | 1,020 | 929.3 | 1,042 | 899.7 | 1,008 | 937.7 | 1,048 | 1,218 | 1,331 |
| EBITDA 1 | - | - | 261.7 | 248.9 | 295.1 | 314.2 | - | - | - | - | - | 284 | 307 | 350 | 367 |
| EBIT 1 | - | - | 318.2 | 243.9 | 273.4 | 302.9 | 334.7 | 265.4 | 303.8 | 256.7 | 356.6 | 261.1 | 290 | 340.4 | 353.5 |
| Operating Margin | - | - | 40.29% | 29.03% | 29.62% | 28.76% | 32.83% | 28.55% | 29.14% | 28.53% | 35.37% | 27.85% | 27.68% | 27.94% | 26.57% |
| Earnings before Tax (EBT) 1 | - | - | - | - | 273.1 | 303.2 | 334.5 | 266.1 | 304.1 | 257.1 | 357.8 | 276 | 310 | 362 | 418 |
| Net income 1 | - | 230.3 | - | - | 227.7 | 259.4 | 315.3 | 231.2 | 259.9 | 223.5 | 309.5 | 241 | 270 | 316 | 365 |
| Net margin | - | 27.53% | - | - | 24.66% | 24.62% | 30.93% | 24.88% | 24.93% | 24.84% | 30.69% | 25.7% | 25.77% | 25.94% | 27.43% |
| EPS 2 | 1.100 | - | 1.240 | 0.9080 | 1.010 | 1.150 | 1.400 | 1.030 | 1.150 | 1.000 | 1.370 | 1.073 | 1.198 | 1.405 | 1.621 |
| Dividend per Share 2 | - | - | 1.600 | - | - | - | 1.800 | - | - | - | - | - | 2.000 | - | - |
| Announcement Date | 4/6/20 | 8/28/20 | 3/25/22 | 4/22/22 | 8/19/22 | 10/28/22 | 3/31/23 | 4/27/23 | 8/25/23 | 10/27/23 | 3/22/24 | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 617 | 743 | 746 | 1,331 | 573 | 727 | 1,107 | 1,665 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | - | 459 | 653 | 560 | 848 | 1,101 |
| ROE (net income / shareholders' equity) | 18.2% | 20.5% | 26.7% | 27.2% | 23.7% | 23.1% | 23.7% | 23.4% |
| ROA (Net income/ Total Assets) | - | 16.1% | - | 19.5% | - | 17% | 17.4% | 17.6% |
| Assets 1 | - | 3,441 | - | 5,156 | - | 7,096 | 9,136 | 9,433 |
| Book Value Per Share 2 | 11.70 | 12.90 | 15.30 | 18.10 | 20.90 | 24.20 | 30.40 | 33.10 |
| Cash Flow per Share 2 | 2.710 | 1.580 | 4.030 | 4.630 | 5.000 | 5.430 | 6.460 | 7.330 |
| Capex 1 | 86.8 | 131 | 302 | 582 | 472 | 460 | 395 | 357 |
| Capex / Sales | 5.16% | 6.95% | 10.74% | 15.17% | 12.17% | 9.9% | 6.3% | 5.35% |
| Announcement Date | 4/6/20 | 3/26/21 | 3/25/22 | 3/31/23 | 3/22/24 | - | - | - |
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
D
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
93.96
CNY
Average target price
133.7
CNY
Spread / Average Target
+42.27%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +1.47% | 2.92B | |
| -0.21% | 42.96B | |
| +148.96% | 4.73B | |
| -6.30% | 2.7B | |
| +84.83% | 1.16B | |
| -3.89% | 1.04B | |
| -34.98% | 1.04B | |
| +61.96% | 1.03B | |
| -16.00% | 900M | |
| -21.49% | 869M |
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- Financials Xiamen Faratronic Co., Ltd.
