Financials Zhongyeda Electric Co., Ltd.

Equities

002441

CNE100000QZ8

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
8 CNY +0.63% Intraday chart for Zhongyeda Electric Co., Ltd. +3.90% -15.52%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,604 4,028 4,388 5,554 4,520 5,157
Enterprise Value (EV) 1 3,316 3,565 3,082 4,396 3,113 3,799
P/E ratio 17.5 x 18.2 x 16.9 x 13.4 x 15.4 x 20.1 x
Yield 3.15% 2.95% 3.08% 3.43% 4.22% 3.17%
Capitalization / Revenue 0.42 x 0.41 x 0.41 x 0.44 x 0.37 x 0.43 x
EV / Revenue 0.39 x 0.36 x 0.29 x 0.35 x 0.26 x 0.32 x
EV / EBITDA 11 x 10.3 x 7.74 x 8.8 x 7.16 x 10.9 x
EV / FCF -11.5 x 15 x 3.71 x -14 x 8.97 x 46.8 x
FCF Yield -8.67% 6.69% 27% -7.15% 11.1% 2.14%
Price to Book 0.93 x 1.12 x 1.07 x 1.27 x 1.01 x 1.13 x
Nbr of stocks (in thousands) 541,077 540,641 540,396 544,544 544,544 544,544
Reference price 2 6.660 7.450 8.120 10.20 8.300 9.470
Announcement Date 4/19/19 4/14/20 4/19/21 4/19/22 4/21/23 4/19/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 8,555 9,925 10,741 12,558 12,128 11,915
EBITDA 1 300.6 345.9 398.3 499.7 434.6 348.3
EBIT 1 271.9 313.4 361.2 457.8 389.9 303.7
Operating Margin 3.18% 3.16% 3.36% 3.64% 3.21% 2.55%
Earnings before Tax (EBT) 1 283.4 305.4 372.2 581.4 407.3 349
Net income 1 206 225.1 261.1 415.6 295.3 253.8
Net margin 2.41% 2.27% 2.43% 3.31% 2.44% 2.13%
EPS 2 0.3800 0.4100 0.4800 0.7600 0.5400 0.4700
Free Cash Flow 1 -287.5 238.4 831.1 -314.5 346.9 81.15
FCF margin -3.36% 2.4% 7.74% -2.5% 2.86% 0.68%
FCF Conversion (EBITDA) - 68.93% 208.64% - 79.82% 23.3%
FCF Conversion (Net income) - 105.9% 318.35% - 117.46% 31.97%
Dividend per Share 2 0.2100 0.2200 0.2500 0.3500 0.3500 0.3000
Announcement Date 4/19/19 4/14/20 4/19/21 4/19/22 4/21/23 4/19/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 288 463 1,306 1,158 1,407 1,358
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -288 238 831 -314 347 81.1
ROE (net income / shareholders' equity) 5.11% 5.52% 6.75% 9.93% 6.54% 5.68%
ROA (Net income/ Total Assets) 3.23% 3.66% 3.88% 4.41% 3.52% 2.78%
Assets 1 6,383 6,144 6,720 9,418 8,399 9,136
Book Value Per Share 2 7.180 6.670 7.600 8.020 8.260 8.370
Cash Flow per Share 2 1.170 0.7600 2.340 2.070 2.610 2.360
Capex 1 149 110 67.8 175 46.2 20.6
Capex / Sales 1.74% 1.11% 0.63% 1.39% 0.38% 0.17%
Announcement Date 4/19/19 4/14/20 4/19/21 4/19/22 4/21/23 4/19/24
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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