YAPP AUTOMOTIVE SYSTEMS CO., LTD. Financials YAPP Automotive Systems Co., Ltd.
Equities
603013
CNE1000031L2
Auto, Truck & Motorcycle Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15.87 CNY | +1.21% |
|
+7.45% | -8.16% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 8,996 | 7,834 | 7,492 | 8,596 | 7,365 | 8,858 |
| Enterprise Value (EV) 1 | 9,642 | 8,272 | 6,658 | 7,648 | 6,278 | 7,341 |
| P/E ratio | 25.6 x | 20.5 x | 14.7 x | 17.2 x | 14.8 x | 19 x |
| Yield | 2.27% | 3.26% | 4.8% | 4.19% | 3.49% | 2.31% |
| Capitalization / Revenue | 1.15 x | 0.86 x | 0.85 x | 1.07 x | 0.87 x | 1.03 x |
| EV / Revenue | 1.23 x | 0.91 x | 0.75 x | 0.95 x | 0.74 x | 0.86 x |
| EV / EBITDA | 13.3 x | 9.44 x | 6.63 x | 9.08 x | 6.96 x | 8.18 x |
| EV / FCF | -34.1 x | 46.5 x | 4.98 x | 21 x | 18.9 x | 13.8 x |
| FCF Yield | -2.93% | 2.15% | 20.1% | 4.77% | 5.3% | 7.23% |
| Price to Book | 2.96 x | 2.42 x | 2.19 x | 2.45 x | 1.94 x | 2.21 x |
| Nbr of stocks (in thousands) | 510,000 | 510,000 | 514,225 | 514,105 | 513,936 | 512,599 |
| Reference price 2 | 17.64 | 15.36 | 14.57 | 16.72 | 14.33 | 17.28 |
| Announcement Date | 3/28/19 | 4/1/20 | 3/24/21 | 3/21/22 | 3/30/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 7,849 | 9,138 | 8,859 | 8,057 | 8,443 | 8,583 |
| EBITDA 1 | 726.3 | 876.6 | 1,004 | 842.3 | 901.9 | 897.7 |
| EBIT 1 | 400.4 | 527.8 | 651.9 | 532.1 | 617.7 | 627.1 |
| Operating Margin | 5.1% | 5.78% | 7.36% | 6.6% | 7.32% | 7.31% |
| Earnings before Tax (EBT) 1 | 387.3 | 472.5 | 608.6 | 583.1 | 617.6 | 583 |
| Net income 1 | 333.5 | 384 | 506.2 | 498.5 | 501 | 466.1 |
| Net margin | 4.25% | 4.2% | 5.71% | 6.19% | 5.93% | 5.43% |
| EPS 2 | 0.6900 | 0.7500 | 0.9900 | 0.9700 | 0.9700 | 0.9100 |
| Free Cash Flow 1 | -282.6 | 177.9 | 1,337 | 364.5 | 332.7 | 530.9 |
| FCF margin | -3.6% | 1.95% | 15.09% | 4.52% | 3.94% | 6.18% |
| FCF Conversion (EBITDA) | - | 20.3% | 133.13% | 43.27% | 36.89% | 59.14% |
| FCF Conversion (Net income) | - | 46.34% | 264.1% | 73.11% | 66.41% | 113.89% |
| Dividend per Share 2 | 0.4000 | 0.5000 | 0.7000 | 0.7000 | 0.5000 | 0.4000 |
| Announcement Date | 3/28/19 | 4/1/20 | 3/24/21 | 3/21/22 | 3/30/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 646 | 438 | - | - | - | - |
| Net Cash position 1 | - | - | 834 | 948 | 1,086 | 1,517 |
| Leverage (Debt/EBITDA) | 0.8895 x | 0.4997 x | - | - | - | - |
| Free Cash Flow 1 | -283 | 178 | 1,337 | 364 | 333 | 531 |
| ROE (net income / shareholders' equity) | 13.5% | 12.9% | 15.8% | 15% | 14.3% | 12.5% |
| ROA (Net income/ Total Assets) | 4.29% | 5.09% | 6.21% | 5.44% | 6.45% | 6.28% |
| Assets 1 | 7,775 | 7,550 | 8,147 | 9,167 | 7,764 | 7,420 |
| Book Value Per Share 2 | 5.950 | 6.360 | 6.640 | 6.830 | 7.370 | 7.830 |
| Cash Flow per Share 2 | 1.200 | 1.380 | 2.600 | 2.610 | 2.620 | 3.360 |
| Capex 1 | 574 | 383 | 120 | 119 | 180 | 144 |
| Capex / Sales | 7.32% | 4.19% | 1.35% | 1.47% | 2.13% | 1.67% |
| Announcement Date | 3/28/19 | 4/1/20 | 3/24/21 | 3/21/22 | 3/30/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -8.16% | 1.11B | |
| +22.57% | 39.82B | |
| +68.21% | 10.77B | |
| +60.03% | 5.05B | |
| -16.30% | 2.85B | |
| +6.41% | 2.77B | |
| +0.83% | 2.22B | |
| +96.53% | 1.98B | |
| -6.37% | 1.33B | |
| -12.94% | 942M |
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- Financials YAPP Automotive Systems Co., Ltd.
