ZHEJIANG MEIDA INDUSTRIAL CO., LTD. Financials Zhejiang Meida Industrial Co., Ltd.
Equities
002677
CNE100001DR1
Appliances, Tools & Housewares
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.52 CNY | +0.11% |
|
-5.37% | -5.84% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,631 | 10,292 | 11,209 | 7,158 | 6,532 | 6,150 | - | - |
| Enterprise Value (EV) 1 | 8,631 | 9,782 | 10,564 | 6,061 | 5,247 | 4,854 | 4,715 | 4,578 |
| P/E ratio | 18.8 x | 19 x | 16.7 x | 15.8 x | 14 x | 13.3 x | 11.9 x | 12.2 x |
| Yield | 4.06% | 3.77% | 3.8% | 5.6% | 7.42% | 6.13% | 6.37% | 6.78% |
| Capitalization / Revenue | 5.12 x | 5.81 x | 5.17 x | 3.9 x | 3.91 x | 3.75 x | 3.35 x | 3.48 x |
| EV / Revenue | 5.12 x | 5.52 x | 4.87 x | 3.3 x | 3.14 x | 2.96 x | 2.56 x | 2.59 x |
| EV / EBITDA | 15.1 x | 14 x | 12.7 x | 11.9 x | 8.63 x | 9.06 x | 7.58 x | 7.95 x |
| EV / FCF | - | - | 19 x | 17.5 x | 8.29 x | 11.6 x | 10.7 x | 9.29 x |
| FCF Yield | - | - | 5.26% | 5.72% | 12.1% | 8.61% | 9.33% | 10.8% |
| Price to Book | 5.68 x | 6.04 x | 5.75 x | 3.64 x | 3.22 x | 3.02 x | 2.84 x | 2.85 x |
| Nbr of stocks (in thousands) | 646,052 | 646,052 | 646,052 | 646,052 | 646,052 | 646,052 | - | - |
| Reference price 2 | 13.36 | 15.93 | 17.35 | 11.08 | 10.11 | 9.520 | 9.520 | 9.520 |
| Announcement Date | 2/25/20 | 2/21/21 | 2/27/22 | 4/20/23 | 4/18/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,684 | 1,771 | 2,168 | 1,834 | 1,673 | 1,642 | 1,839 | 1,765 |
| EBITDA 1 | 572 | 697.5 | 835.1 | 508.3 | 608 | 535.8 | 622.1 | 576.2 |
| EBIT 1 | 534.8 | 635.4 | 780.1 | 528.7 | 544.1 | 521 | 588.8 | 562.6 |
| Operating Margin | 31.75% | 35.88% | 35.99% | 28.83% | 32.53% | 31.73% | 32.02% | 31.87% |
| Earnings before Tax (EBT) 1 | 534.3 | 634.1 | 779.2 | 525 | 544 | 540.4 | 604.9 | 589.4 |
| Net income 1 | 460 | 543.6 | 668.8 | 452.2 | 464.3 | 461.9 | 517.8 | 504 |
| Net margin | 27.31% | 30.7% | 30.85% | 24.66% | 27.76% | 28.13% | 28.16% | 28.55% |
| EPS 2 | 0.7100 | 0.8400 | 1.040 | 0.7000 | 0.7200 | 0.7160 | 0.8000 | 0.7800 |
| Free Cash Flow 1 | - | - | 555.6 | 346.7 | 633 | 418 | 440 | 493 |
| FCF margin | - | - | 25.63% | 18.91% | 37.85% | 25.46% | 23.93% | 27.93% |
| FCF Conversion (EBITDA) | - | - | 66.53% | 68.21% | 104.11% | 78.01% | 70.73% | 85.56% |
| FCF Conversion (Net income) | - | - | 83.07% | 76.69% | 136.34% | 90.5% | 84.98% | 97.81% |
| Dividend per Share 2 | 0.5420 | 0.6000 | 0.6600 | 0.6200 | 0.7500 | 0.5833 | 0.6067 | 0.6450 |
| Announcement Date | 2/25/20 | 2/21/21 | 2/27/22 | 4/20/23 | 4/18/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 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 | 704.4 | 633.7 | 413.3 | 418.8 | 565.6 | 436.2 | 338.7 | 433.7 | 488.9 | 411.2 | 273 | 417 | 505.2 | 446.4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 252.9 | 142.5 | 129.7 | 166.9 | 89.59 | 117.6 | 118.9 | 169.3 | 120.8 | 90.46 | 115.2 | 153 | 100.4 |
| Operating Margin | - | 39.9% | 34.49% | 30.97% | 29.5% | 20.54% | 34.72% | 27.41% | 34.63% | 29.37% | 33.14% | 27.63% | 30.28% | 22.5% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | 217.9 | 121.6 | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | 34.39% | 29.41% | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.2800 | 0.3400 | 0.1900 | 0.1700 | 0.2200 | 0.1200 | 0.1600 | 0.1800 | 0.2200 | 0.1600 | 0.1200 | 0.1900 | 0.2400 | 0.1800 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/29/19 | 2/27/22 | 4/19/22 | 8/25/22 | 10/25/22 | 4/20/23 | 4/20/23 | 8/28/23 | 10/29/23 | 4/18/24 | 4/18/24 | - | - | - |
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 | - | 510 | 645 | 1,098 | 1,285 | 1,296 | 1,435 | 1,572 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 556 | 347 | 633 | 418 | 440 | 493 |
| ROE (net income / shareholders' equity) | 33.1% | 34.4% | 37% | 23.5% | 23.6% | 22.6% | 24.3% | 23.6% |
| ROA (Net income/ Total Assets) | 24.4% | 26% | 28% | 19.5% | - | 19.3% | 22.4% | - |
| Assets 1 | 1,884 | 2,092 | 2,387 | 2,318 | - | 2,393 | 2,317 | - |
| Book Value Per Share 2 | 2.350 | 2.640 | 3.020 | 3.040 | 3.140 | 3.160 | 3.360 | 3.340 |
| Cash Flow per Share 2 | 0.8400 | 0.9800 | 0.9600 | 0.5700 | 0.9000 | 0.6800 | 0.8400 | 0.7400 |
| Capex 1 | 278 | 70 | 63 | 23 | - | 35.7 | 32.4 | 26 |
| Capex / Sales | 16.48% | 3.96% | 2.91% | 1.25% | - | 2.17% | 1.76% | 1.47% |
| Announcement Date | 2/25/20 | 2/21/21 | 2/27/22 | 4/20/23 | 4/18/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
9.52
CNY
Average target price
10.72
CNY
Spread / Average Target
+12.61%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.84% | 849M | |
| +25.15% | 64.64B | |
| +35.00% | 34.08B | |
| +24.76% | 8.88B | |
| +1.06% | 6.71B | |
| +9.90% | 6.41B | |
| +2.95% | 5.05B | |
| -10.25% | 3.23B | |
| +3.51% | 2.5B | |
| -6.61% | 2.38B |
- Stock Market
- Equities
- 002677 Stock
- Financials Zhejiang Meida Industrial Co., Ltd.
