XJ ELECTRIC CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 26.91 CNY | +1.17% |
|
-4.23% | +22.54% |
| 03:22pm | XJ Electric Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 11 | XJ Electric Co., Ltd. Proposes Final Cash Dividend for the Year 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,860 | 14,580 | 26,317 | 20,136 | 22,377 | 27,422 | - | - |
| Enterprise Value (EV) 1 | 10,103 | 13,650 | 24,294 | 16,760 | 17,415 | 21,725 | 20,794 | 19,725 |
| P/E ratio | 25.5 x | 20.4 x | 36.3 x | 26.5 x | 22 x | 22.9 x | 17.8 x | 14.8 x |
| Yield | 0.56% | 0.69% | 0.38% | 0.7% | 1.35% | 1.18% | 1.52% | 1.83% |
| Capitalization / Revenue | 1.07 x | 1.3 x | 2.19 x | 1.35 x | 1.31 x | 1.37 x | 1.17 x | 1.03 x |
| EV / Revenue | 0.99 x | 1.22 x | 2.03 x | 1.12 x | 1.02 x | 1.09 x | 0.89 x | 0.74 x |
| EV / EBITDA | 13.6 x | 12.1 x | 20.3 x | 12.4 x | 11.4 x | 12.8 x | 9.6 x | 7.72 x |
| EV / FCF | - | - | 21 x | 10.2 x | 6.86 x | -38 x | 13.9 x | 12 x |
| FCF Yield | - | - | 4.76% | 9.76% | 14.6% | -2.63% | 7.18% | 8.31% |
| Price to Book | 1.34 x | 1.68 x | 2.79 x | 2 x | 2.09 x | 2.36 x | 2.14 x | 1.92 x |
| Nbr of stocks (in thousands) | 1,008,327 | 1,008,327 | 1,008,327 | 1,008,327 | 1,019,009 | 1,019,009 | - | - |
| Reference price 2 | 10.77 | 14.46 | 26.10 | 19.97 | 21.96 | 26.91 | 26.91 | 26.91 |
| Announcement Date | 4/9/20 | 4/8/21 | 4/25/22 | 4/7/23 | 4/10/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,156 | 11,191 | 11,991 | 14,917 | 17,061 | 19,983 | 23,390 | 26,709 |
| EBITDA 1 | 742.5 | 1,132 | 1,197 | 1,348 | 1,522 | 1,692 | 2,165 | 2,556 |
| EBIT 1 | 550.9 | 888.1 | 924.1 | 1,072 | 1,217 | 1,496 | 1,928 | 2,319 |
| Operating Margin | 5.42% | 7.94% | 7.71% | 7.19% | 7.13% | 7.48% | 8.24% | 8.68% |
| Earnings before Tax (EBT) 1 | 558.9 | 907.5 | 961.3 | 1,085 | 1,235 | 1,580 | 2,022 | 2,433 |
| Net income 1 | 426.3 | 716 | 724.4 | 759.2 | 1,005 | 1,200 | 1,540 | 1,850 |
| Net margin | 4.2% | 6.4% | 6.04% | 5.09% | 5.89% | 6% | 6.59% | 6.93% |
| EPS 2 | 0.4228 | 0.7101 | 0.7184 | 0.7529 | 0.9960 | 1.176 | 1.512 | 1.815 |
| Free Cash Flow 1 | - | - | 1,156 | 1,636 | 2,539 | -572 | 1,494 | 1,639 |
| FCF margin | - | - | 9.64% | 10.97% | 14.88% | -2.86% | 6.39% | 6.14% |
| FCF Conversion (EBITDA) | - | - | 96.58% | 121.39% | 166.82% | - | 68.99% | 64.13% |
| FCF Conversion (Net income) | - | - | 159.54% | 215.55% | 252.5% | - | 96.96% | 88.6% |
| Dividend per Share 2 | 0.0600 | 0.1000 | 0.1000 | 0.1400 | 0.2960 | 0.3174 | 0.4079 | 0.4925 |
| Announcement Date | 4/9/20 | 4/8/21 | 4/25/22 | 4/7/23 | 4/10/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,580 | 4,456 | 2,469 | 3,661 | 6,130 | 2,986 | 5,802 | 3,264 | 3,851 | 3,550 | 6,397 | 3,294 | 4,883 | 3,984 | 7,739 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 232.5 | 145.8 | 150 | 476.8 | - | 275.8 | 169.5 | 213.8 | 509.4 | - | - | - | - | - | - |
| Operating Margin | 9.01% | 3.27% | 6.08% | 13.03% | - | 9.24% | 2.92% | 6.55% | 13.23% | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.1400 | 0.1500 | 0.0998 | 0.3500 | - | 0.1900 | 0.1100 | 0.1482 | 0.3900 | 0.2300 | 0.2300 | 0.1700 | 0.4600 | 0.2600 | 0.2700 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/29/21 | 4/25/22 | 4/27/22 | 8/5/22 | 8/5/22 | 10/27/22 | 4/7/23 | 4/21/23 | 8/28/23 | 10/27/23 | 4/10/24 | - | - | - | - |
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 | 757 | 930 | 2,023 | 3,376 | 4,962 | 5,697 | 6,628 | 7,696 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 1,156 | 1,636 | 2,539 | -572 | 1,494 | 1,639 |
| ROE (net income / shareholders' equity) | 5.37% | 8.42% | 8.04% | 7.79% | 9.41% | 10.5% | 12% | 13.2% |
| ROA (Net income/ Total Assets) | - | 4.36% | 4.2% | 4.15% | - | 5.04% | 5.63% | 6.38% |
| Assets 1 | - | 16,414 | 17,237 | 18,312 | - | 23,795 | 27,380 | 29,014 |
| Book Value Per Share 2 | 8.060 | 8.600 | 9.340 | 10.00 | 10.50 | 11.40 | 12.60 | 14.00 |
| Cash Flow per Share 2 | 0.0800 | 0.7800 | 1.290 | 1.720 | 2.700 | 2.020 | 2.350 | 2.710 |
| Capex 1 | 81.1 | 66.6 | 149 | 95 | 210 | 313 | 287 | 308 |
| Capex / Sales | 0.8% | 0.59% | 1.24% | 0.64% | 1.23% | 1.57% | 1.23% | 1.15% |
| Announcement Date | 4/9/20 | 4/8/21 | 4/25/22 | 4/7/23 | 4/10/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
26.91
CNY
Average target price
30.7
CNY
Spread / Average Target
+14.09%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +22.54% | 3.74B | |
| +21.47% | 90.86B | |
| +43.53% | 24.55B | |
| +38.04% | 16.28B | |
| +23.03% | 10.21B | |
| +6.13% | 8.52B | |
| +27.35% | 8.09B | |
| +5.60% | 7.54B | |
| +160.86% | 6.83B | |
| +49.70% | 5.29B |
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- Financials XJ Electric Co., Ltd.
