Financials Zhejiang Founder Motor Co., Ltd.

Equities

002196

CNE1000008L0

Industrial Machinery & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
5.32 CNY +1.33% Intraday chart for Zhejiang Founder Motor Co., Ltd. +4.72% -25.91%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 4,220 2,249 2,503 3,534 5,834 3,622
Enterprise Value (EV) 1 4,175 2,370 2,524 3,609 5,322 3,929
P/E ratio 32.3 x -5.02 x 134 x -5.54 x 234 x -11.2 x
Yield 0.53% - - - - -
Capitalization / Revenue 3.2 x 1.65 x 2.25 x 3.09 x 3.09 x 1.55 x
EV / Revenue 3.17 x 1.74 x 2.26 x 3.16 x 2.81 x 1.69 x
EV / EBITDA 25.4 x 32.5 x 41.6 x -19 x -45.5 x -29.9 x
EV / FCF -29.8 x -18.2 x -92.4 x 99 x 30.6 x -4.2 x
FCF Yield -3.36% -5.49% -1.08% 1.01% 3.27% -23.8%
Price to Book 1.63 x 1.15 x 1.19 x 2.42 x 3.9 x 2.91 x
Nbr of stocks (in thousands) 450,900 443,510 468,695 468,695 499,445 498,915
Reference price 2 9.360 5.070 5.340 7.540 11.68 7.260
Announcement Date 4/19/18 4/28/19 4/27/20 4/29/21 4/14/22 4/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,318 1,364 1,115 1,143 1,891 2,331
EBITDA 1 164.2 72.95 60.68 -189.6 -117.1 -131.4
EBIT 1 127.3 26.48 8.66 -240.2 -166.9 -188.8
Operating Margin 9.66% 1.94% 0.78% -21.02% -8.83% -8.1%
Earnings before Tax (EBT) 1 153 -426.7 18.66 -648.4 -8.328 -334.1
Net income 1 132.3 -444.4 16.87 -637 25.18 -323.2
Net margin 10.04% -32.59% 1.51% -55.75% 1.33% -13.87%
EPS 2 0.2900 -1.010 0.0400 -1.360 0.0500 -0.6500
Free Cash Flow 1 -140.3 -130.1 -27.32 36.45 174.1 -936.1
FCF margin -10.65% -9.54% -2.45% 3.19% 9.21% -40.17%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - 691.53% -
Dividend per Share 2 0.0500 - - - - -
Announcement Date 4/19/18 4/28/19 4/27/20 4/29/21 4/14/22 4/28/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - 121 21.5 75.1 - 307
Net Cash position 1 45.6 - - - 512 -
Leverage (Debt/EBITDA) - 1.662 x 0.3547 x -0.3963 x - -2.335 x
Free Cash Flow 1 -140 -130 -27.3 36.5 174 -936
ROE (net income / shareholders' equity) 5.47% -20% 0.81% -34.7% 0.02% -23.5%
ROA (Net income/ Total Assets) 2.57% 0.54% 0.19% -5.5% -3.6% -3.37%
Assets 1 5,150 -82,735 8,949 11,574 -699.7 9,599
Book Value Per Share 2 5.730 4.420 4.490 3.120 3.000 2.490
Cash Flow per Share 2 0.3800 0.3400 0.3400 0.3000 1.140 0.6500
Capex 1 141 149 199 98.8 260 748
Capex / Sales 10.67% 10.89% 17.82% 8.65% 13.73% 32.11%
Announcement Date 4/19/18 4/28/19 4/27/20 4/29/21 4/14/22 4/28/23
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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