Financials Beijing Relpow Technology Co., Ltd

Equities

End-of-day quote Shenzhen S.E. Other stock markets 23:00:00 25/04/2024 BST			5-day change	1st Jan Change
9.06 ^CNY	+2.37%		+7.73%	-38.66%

04-19	Beijing Relpow Technology Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-03	Tranche Update on Beijing Relpow Technology Co., Ltd's Equity Buyback Plan announced on October 24, 2023.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,007	4,979	14,464	17,440	7,951	4,915	-	-
Enterprise Value (EV) ¹	3,007	4,979	14,464	17,440	7,951	4,915	4,915	4,915
P/E ratio	47.8 x	40.6 x	52.8 x	56.6 x	82.1 x	25.9 x	17.3 x	13.2 x
Yield	0.28%	0.22%	0.19%	0.28%	0.68%	1.1%	1.1%	1.1%
Capitalization / Revenue	3.89 x	5.91 x	9.79 x	10.2 x	5.42 x	2.82 x	2.31 x	1.91 x
EV / Revenue	3.89 x	5.91 x	9.79 x	10.2 x	5.42 x	2.82 x	2.31 x	1.91 x
EV / EBITDA	-	27.2 x	40.6 x	48 x	47.9 x	15.2 x	11.4 x	9.26 x
EV / FCF	-	-	-96,220,510 x	-	-	-	-	-
FCF Yield	-	-	-0%	-	-	-	-	-
Price to Book	4.58 x	6.28 x	12.8 x	5.9 x	2.65 x	1.56 x	1.46 x	1.33 x
Nbr of stocks (in thousands)	482,172	482,139	484,094	533,711	538,305	542,498	-	-
Reference price ²	6.236	10.33	29.88	32.68	14.77	9.060	9.060	9.060
Announcement Date	27/02/20	09/04/21	22/04/22	21/04/23	19/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	772.3	842.6	1,478	1,714	1,467	1,742	2,128	2,568
EBITDA ¹	-	182.9	355.9	363.4	166	322.6	432.7	530.8
EBIT ¹	75.46	155.9	320.4	314.4	90.98	216.7	320.1	418.3
Operating Margin	9.77%	18.5%	21.68%	18.35%	6.2%	12.44%	15.04%	16.28%
Earnings before Tax (EBT) ¹	74.84	155	319.1	314.6	90.98	216.7	320.1	418.3
Net income ¹	62.23	123.3	273.7	282.7	96.83	190	282.8	371
Net margin	8.06%	14.63%	18.52%	16.5%	6.6%	10.91%	13.29%	14.44%
EPS ²	0.1305	0.2541	0.5659	0.5769	0.1800	0.3500	0.5250	0.6850
Free Cash Flow	-	-	-150.3	-	-	-	-	-
FCF margin	-	-	-10.17%	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0172	0.0223	0.0577	0.0923	0.1000	0.1000	0.1000	0.1000
Announcement Date	27/02/20	09/04/21	22/04/22	21/04/23	19/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-150	-	-	-	-	-
ROE (net income / shareholders' equity)	10.6%	17%	28.6%	18.6%	3.23%	6.03%	8.35%	9.98%
ROA (Net income/ Total Assets)	-	7.99%	12.9%	8.03%	2.13%	4.21%	6.1%	7.4%
Assets ¹	-	1,543	2,119	3,521	4,545	4,514	4,636	5,013
Book Value Per Share ²	1.360	1.650	2.330	5.540	5.580	5.800	6.220	6.810
Cash Flow per Share ²	0.1400	0.0300	-0.1300	-0.5600	0.0700	1.360	0.6000	0.4800
Capex ¹	24.3	73.5	85.2	243	283	126	194	202
Capex / Sales	3.15%	8.72%	5.77%	14.17%	19.28%	7.23%	9.13%	7.88%
Announcement Date	27/02/20	09/04/21	22/04/22	21/04/23	19/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9.06 CNY

Average target price

14.47 CNY

Spread / Average Target

+59.71%

	1st Jan change	Capi.
BEIJING RELPOW TECHNOLOGY CO., LTD	-38.66%	678M
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED	+21.57%	120B
LG ENERGY SOLUTION, LTD.	-12.98%	63.24B
SAMSUNG SDI CO., LTD.	-13.45%	19.67B
TDK CORPORATION	+8.86%	17.62B
ECOPRO BM. CO., LTD.	-18.06%	16.74B
EVE ENERGY CO., LTD.	-14.00%	10.22B
GOTION HIGH-TECH CO.,LTD.	-15.30%	4.48B
VOLTRONIC POWER TECHNOLOGY CORP.	-12.28%	4.03B
TIANNENG BATTERY GROUP CO., LTD.	+7.52%	4.03B