Financials Arctech Solar Holding Co., Ltd.

Equities

688408

CNE1000043H5

Renewable Energy Equipment & Services

End-of-day quote Shanghai S.E. 23:00:00 12/05/2024 BST 5-day change 1st Jan Change
106.2 CNY +3.91% Intraday chart for Arctech Solar Holding Co., Ltd. -0.26% +47.94%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 23,175 23,955 13,354 9,745 14,283 - -
Enterprise Value (EV) 1 23,175 22,881 12,304 8,486 12,372 12,806 13,111
P/E ratio 67.8 x 1,605 x 298 x 27.5 x 30.4 x 21.9 x -
Yield - 0.02% 0.1% 1.23% 0.89% 1.34% 2.03%
Capitalization / Revenue 7.41 x 9.92 x 3.61 x 1.51 x 1.77 x 1.42 x 1.05 x
EV / Revenue 7.41 x 9.47 x 3.32 x 1.32 x 1.53 x 1.27 x 0.96 x
EV / EBITDA - 587 x 136 x 17.2 x 16.7 x 14 x 9.79 x
EV / FCF - -69.4 x -21.9 x 16.5 x 136 x 72.8 x 33 x
FCF Yield - -1.44% -4.56% 6.07% 0.74% 1.37% 3.03%
Price to Book 9.34 x 9.82 x 5.35 x 3.49 x 3.68 x 3.72 x 3.4 x
Nbr of stocks (in thousands) 135,715 135,715 135,715 135,819 134,559 - -
Reference price 2 170.8 176.5 98.40 71.75 106.2 106.2 106.2
Announcement Date 23/02/21 27/04/22 27/02/23 27/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,129 2,415 3,703 6,435 8,092 10,056 13,634
EBITDA 1 - 38.98 90.2 493.9 740 916 1,339
EBIT 1 334.7 1.356 33.46 427.3 609.5 790.8 1,159
Operating Margin 10.7% 0.06% 0.9% 6.64% 7.53% 7.86% 8.5%
Earnings before Tax (EBT) 1 336.4 5.226 34.36 426.5 608.2 790.5 1,158
Net income 1 285.5 15.03 44.43 353.8 513.8 668 959
Net margin 9.13% 0.62% 1.2% 5.5% 6.35% 6.64% 7.03%
EPS 2 2.520 0.1100 0.3300 2.610 3.488 4.837 -
Free Cash Flow 1 - -329.6 -561.5 514.7 91 176 397
FCF margin - -13.65% -15.17% 8% 1.12% 1.75% 2.91%
FCF Conversion (EBITDA) - - - 104.22% 12.3% 19.21% 29.65%
FCF Conversion (Net income) - - - 145.48% 17.71% 26.35% 41.4%
Dividend per Share 2 - 0.0300 0.1000 0.8800 0.9440 1.426 2.160
Announcement Date 23/02/21 27/04/22 27/02/23 27/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 38.77
Net margin -
EPS -
Dividend per Share -
Announcement Date 27/04/23
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - 1,075 1,050 1,259 1,911 1,477 1,172
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - -330 -562 515 91 176 397
ROE (net income / shareholders' equity) 19.5% 0.61% 1.8% 13.3% 14.6% 17.6% 24%
ROA (Net income/ Total Assets) - 0.35% 0.83% 5.08% 5.95% 6.34% 9%
Assets 1 - 4,304 5,378 6,969 8,638 10,545 10,656
Book Value Per Share 2 18.30 18.00 18.40 20.60 28.90 28.50 31.30
Cash Flow per Share 2 3.010 0.9100 - 5.880 5.230 6.590 -
Capex 1 - 453 314 284 333 396 1,157
Capex / Sales - 18.76% 8.48% 4.41% 4.11% 3.94% 8.49%
Announcement Date 23/02/21 27/04/22 27/02/23 27/02/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
106.2 CNY
Average target price
89.23 CNY
Spread / Average Target
-15.94%
Consensus

Annual profits - Rate of surprise

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