Financials Xinchen China Power Holdings Limited

Equities

1148

KYG9830E1098

Auto, Truck & Motorcycle Parts

Delayed Hong Kong S.E. 01:35:19 2024-04-30 am EDT 5-day change 1st Jan Change
0.238 HKD +6.25% Intraday chart for Xinchen China Power Holdings Limited +7.69% -15.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 489.8 446.9 507.2 762.7 436 326.3
Enterprise Value (EV) 1 2,216 1,948 1,845 1,994 1,745 1,441
P/E ratio 47.8 x 69.7 x -0.63 x -1.94 x -3.76 x 7.95 x
Yield - - - - - -
Capitalization / Revenue 0.16 x 0.22 x 0.3 x 0.52 x 0.26 x 0.06 x
EV / Revenue 0.73 x 0.94 x 1.08 x 1.36 x 1.06 x 0.27 x
EV / EBITDA 5.74 x 6.75 x -3.53 x -821 x 64.3 x 21.6 x
EV / FCF -7.03 x 7.78 x 4.22 x 7.36 x -12 x 8.31 x
FCF Yield -14.2% 12.9% 23.7% 13.6% -8.35% 12%
Price to Book 0.16 x 0.15 x 0.23 x 0.43 x 0.26 x 0.19 x
Nbr of stocks (in thousands) 1,282,212 1,282,212 1,282,212 1,282,212 1,282,212 1,282,212
Reference price 2 0.3820 0.3485 0.3956 0.5948 0.3400 0.2545
Announcement Date 4/17/19 4/22/20 4/21/21 4/27/22 4/25/23 4/23/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,051 2,076 1,712 1,463 1,652 5,341
EBITDA 1 386.2 288.6 -523.2 -2.429 27.14 66.7
EBIT 1 129 49.15 -782.5 -247.9 -88.95 -27.51
Operating Margin 4.23% 2.37% -45.71% -16.95% -5.38% -0.52%
Earnings before Tax (EBT) 1 10.77 7.461 -796.7 -399.7 -110.7 48.52
Net income 1 10.72 6.848 -808.6 -392.8 -115.8 41.07
Net margin 0.35% 0.33% -47.23% -26.85% -7.01% 0.77%
EPS 2 0.007999 0.005000 -0.6310 -0.3063 -0.0903 0.0320
Free Cash Flow 1 -315.4 250.4 437.1 270.9 -145.6 173.4
FCF margin -10.34% 12.06% 25.53% 18.52% -8.81% 3.25%
FCF Conversion (EBITDA) - 86.75% - - - 259.92%
FCF Conversion (Net income) - 3,656.18% - - - 422.13%
Dividend per Share - - - - - -
Announcement Date 4/17/19 4/22/20 4/21/21 4/27/22 4/25/23 4/23/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,727 1,501 1,338 1,232 1,309 1,115
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.471 x 5.201 x -2.557 x -507.1 x 48.23 x 16.71 x
Free Cash Flow 1 -315 250 437 271 -146 173
ROE (net income / shareholders' equity) 0.36% 0.23% -31.2% -19.8% -6.68% 2.42%
ROA (Net income/ Total Assets) 1.13% 0.47% -8.87% -3.45% -1.37% -0.36%
Assets 1 947.6 1,472 9,120 11,373 8,460 -11,537
Book Value Per Share 2 2.330 2.330 1.700 1.400 1.310 1.340
Cash Flow per Share 2 0.1700 0.0800 0.0400 0.0100 0.0500 0.0200
Capex 1 232 178 34.7 89.8 63.1 22
Capex / Sales 7.6% 8.59% 2.03% 6.14% 3.82% 0.41%
Announcement Date 4/17/19 4/22/20 4/21/21 4/27/22 4/25/23 4/23/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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