Financials Beijing Chieftain Control Engineering Technology Co., Ltd.

Equities

300430

CNE100001YS5

Industrial Machinery & Equipment

End-of-day quote Shenzhen S.E. 23:00:00 25/06/2024 BST 5-day change 1st Jan Change
15 CNY +5.04% Intraday chart for Beijing Chieftain Control Engineering Technology Co., Ltd. +5.56% +4.97%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,220 2,157 2,377 3,952 3,155 3,896
Enterprise Value (EV) 1 2,056 2,100 2,332 4,037 3,366 4,222
P/E ratio 21.5 x 26.4 x 39.7 x 38.1 x 25.1 x 22.7 x
Yield - - 0.18% 0.14% 0.17% 0.38%
Capitalization / Revenue 3.22 x 3.13 x 3.11 x 4.32 x 3.24 x 3.31 x
EV / Revenue 2.98 x 3.05 x 3.05 x 4.41 x 3.45 x 3.59 x
EV / EBITDA 16.3 x 19 x 28.2 x 30.4 x 21.3 x 19.2 x
EV / FCF -13.2 x -37 x -64 x -31.7 x -30.4 x -21.3 x
FCF Yield -7.6% -2.71% -1.56% -3.15% -3.29% -4.69%
Price to Book 1.37 x 1.27 x 1.35 x 2.02 x 1.63 x 1.76 x
Nbr of stocks (in thousands) 272,009 272,009 272,009 272,907 272,907 272,653
Reference price 2 8.160 7.930 8.740 14.48 11.56 14.29
Announcement Date 09/04/19 22/04/20 20/04/21 24/04/22 26/04/23 21/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 689.1 689.2 764.4 915.2 974.4 1,176
EBITDA 1 126 110.7 82.6 132.9 157.8 219.6
EBIT 1 111.8 94.84 66.58 117.1 138.2 189.4
Operating Margin 16.22% 13.76% 8.71% 12.8% 14.18% 16.11%
Earnings before Tax (EBT) 1 119 91.91 64.68 112.3 139.6 184.6
Net income 1 102.3 81.39 60.39 102.8 124.7 170.1
Net margin 14.85% 11.81% 7.9% 11.23% 12.8% 14.47%
EPS 2 0.3800 0.3000 0.2200 0.3800 0.4600 0.6300
Free Cash Flow 1 -156.2 -56.81 -36.45 -127.2 -110.6 -198.1
FCF margin -22.67% -8.24% -4.77% -13.9% -11.35% -16.86%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - 0.0160 0.0200 0.0200 0.0550
Announcement Date 09/04/19 22/04/20 20/04/21 24/04/22 26/04/23 21/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 85.8 211 326
Net Cash position 1 164 57.5 45.6 - - -
Leverage (Debt/EBITDA) - - - 0.6453 x 1.339 x 1.485 x
Free Cash Flow 1 -156 -56.8 -36.5 -127 -111 -198
ROE (net income / shareholders' equity) 6.55% 4.95% 3.52% 5.68% 6.52% 8.07%
ROA (Net income/ Total Assets) 3.47% 2.65% 1.71% 2.71% 2.87% 3.62%
Assets 1 2,944 3,069 3,534 3,793 4,341 4,696
Book Value Per Share 2 5.970 6.270 6.490 7.160 7.090 8.100
Cash Flow per Share 2 0.8600 0.6000 0.9300 1.020 0.7200 0.8700
Capex 1 89.1 170 128 188 142 120
Capex / Sales 12.93% 24.64% 16.75% 20.58% 14.53% 10.23%
Announcement Date 09/04/19 22/04/20 20/04/21 24/04/22 26/04/23 21/04/24
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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