Financials AVIC Jonhon Optronic Technology Co.,Ltd.

Equities

002179

CNE1000007T5

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
34.38 CNY +2.02% Intraday chart for AVIC Jonhon Optronic Technology Co.,Ltd. +1.54% -11.85%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 40,946 86,165 110,581 94,183 82,661 72,855 - -
Enterprise Value (EV) 1 39,196 82,847 103,310 85,413 74,013 63,011 63,984 67,502
P/E ratio 37.5 x 58.4 x 55.1 x 33.6 x 24.3 x 18.3 x 15.1 x 12.8 x
Yield 0.38% 0.51% 0.55% 0.95% 1.54% 1.79% 1.98% 2.08%
Capitalization / Revenue 4.47 x 8.36 x 8.59 x 5.95 x 4.12 x 3.16 x 2.54 x 2.17 x
EV / Revenue 4.28 x 8.04 x 8.03 x 5.39 x 3.69 x 2.73 x 2.23 x 2.01 x
EV / EBITDA 27.3 x 44.2 x 41.4 x 25.6 x 18.1 x 13.5 x 11.3 x 10 x
EV / FCF - - 109,368,770 x - - - - -
FCF Yield - - 0% - - - - -
Price to Book 5.12 x 8.85 x 7.65 x 5.42 x 4.03 x 3.15 x 2.74 x 2.38 x
Nbr of stocks (in thousands) 1,907,884 2,003,071 2,001,363 2,119,774 2,119,507 2,119,122 - -
Reference price 2 21.46 43.02 55.25 44.43 39.00 34.38 34.38 34.38
Announcement Date 28/02/20 25/02/21 26/01/22 02/02/23 01/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,159 10,305 12,867 15,838 20,074 23,073 28,716 33,621
EBITDA 1 1,437 1,874 2,496 3,340 4,089 4,665 5,678 6,739
EBIT 1 1,244 1,662 2,246 3,021 3,686 4,376 5,203 6,036
Operating Margin 13.58% 16.13% 17.46% 19.07% 18.36% 18.97% 18.12% 17.95%
Earnings before Tax (EBT) 1 1,254 1,681 2,267 3,054 3,734 4,508 5,383 6,236
Net income 1 1,071 1,439 1,991 2,717 3,339 3,979 4,822 5,672
Net margin 11.69% 13.96% 15.47% 17.16% 16.63% 17.24% 16.79% 16.87%
EPS 2 0.5719 0.7362 1.002 1.322 1.607 1.876 2.275 2.678
Free Cash Flow - - 944.6 - - - - -
FCF margin - - 7.34% - - - - -
FCF Conversion (EBITDA) - - 37.84% - - - - -
FCF Conversion (Net income) - - 47.44% - - - - -
Dividend per Share 2 0.0824 0.2198 0.3022 0.4231 0.6000 0.6138 0.6815 0.7165
Announcement Date 28/02/20 25/02/21 26/01/22 02/02/23 01/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q1 2025 Q2
Net sales 1 2,990 3,966 4,225 4,263 3,384 5,342 5,416 4,601 4,715 4,013 6,112 5,653 5,755 7,426 7,528
EBITDA 434 - - - - - - - - - - - - - -
EBIT 1 357.9 885.4 895.5 908.4 331.3 1,169 1,088 1,082 347.2 892.2 1,040 1,250 355.8 - -
Operating Margin 11.97% 22.32% 21.2% 21.31% 9.79% 21.89% 20.09% 23.51% 7.36% 22.23% 17.01% 22.11% 6.18% - -
Earnings before Tax (EBT) 361.7 892.3 907.8 927.5 326.4 1,177 1,099 - - - - - - - -
Net income 368.1 737.4 771.4 775.4 432.9 993.3 960.2 - - - - - - - -
Net margin 12.31% 18.59% 18.26% 18.19% 12.79% 18.59% 17.73% - - - - - - - -
EPS 2 0.1813 0.3600 0.2308 0.3769 0.2077 0.4707 0.4446 0.4300 0.2126 0.3546 0.4800 0.5400 0.3000 - -
Dividend per Share 0.3022 - - - 0.4231 - - - - - - - - - -
Announcement Date 26/01/22 29/04/22 30/08/22 28/10/22 02/02/23 28/04/23 22/08/23 24/10/23 01/02/24 26/04/24 - - - - -
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 1,750 3,318 7,271 8,770 8,648 9,845 8,871 5,354
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - 945 - - - - -
ROE (net income / shareholders' equity) 15.8% 16.1% 18.2% 16.8% 17.7% 17.8% 18.5% 18.7%
ROA (Net income/ Total Assets) 7.51% 8.38% 8.26% 9.24% 9.91% 9.94% 9.94% 10.6%
Assets 1 14,260 17,175 24,116 29,399 33,705 40,029 48,531 53,463
Book Value Per Share 2 4.190 4.860 7.220 8.210 9.670 10.90 12.50 14.50
Cash Flow per Share 2 0.4200 0.6300 1.040 1.000 1.460 1.630 1.630 1.900
Capex 1 292 389 1,117 1,516 2,392 738 922 972
Capex / Sales 3.19% 3.78% 8.68% 9.57% 11.92% 3.2% 3.21% 2.89%
Announcement Date 28/02/20 25/02/21 26/01/22 02/02/23 01/02/24 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
34.38 CNY
Average target price
50.52 CNY
Spread / Average Target
+46.94%
Consensus
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