Financials Changzhou Xiangming Intelligent Drive System Corporation

Equities

301226

CNE1000058Q4

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
15.89 CNY -1.30% Intraday chart for Changzhou Xiangming Intelligent Drive System Corporation +1.79% -30.40%

Valuation

Fiscal Period: December 2022 2023
Capitalization 1 1,961 2,484
Enterprise Value (EV) 1 1,512 2,484
P/E ratio 28.3 x 60.1 x
Yield 2.08% -
Capitalization / Revenue 3.05 x 4.27 x
EV / Revenue 2.35 x 4.27 x
EV / EBITDA 20.5 x 40.2 x
EV / FCF -46,910,644 x -
FCF Yield -0% -
Price to Book 2.17 x -
Nbr of stocks (in thousands) 108,800 108,800
Reference price 2 18.02 22.83
Announcement Date 31/03/23 25/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023
Net sales 1 550.8 734.9 642.7 581.8
EBITDA 1 77.08 80.83 73.78 61.73
EBIT 1 65.58 68.04 58.24 40.4
Operating Margin 11.91% 9.26% 9.06% 6.94%
Earnings before Tax (EBT) 1 67.71 69.05 71.08 44.69
Net income 1 59.65 62.46 64.74 41.04
Net margin 10.83% 8.5% 10.07% 7.05%
EPS 2 0.7313 0.7625 0.6375 0.3800
Free Cash Flow - 0.3874 -32.23 -
FCF margin - 0.05% -5.01% -
FCF Conversion (EBITDA) - 0.48% - -
FCF Conversion (Net income) - 0.62% - -
Dividend per Share - 0.3938 0.3750 -
Announcement Date 27/04/22 27/04/22 31/03/23 25/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023
Net Debt 1 - - - -
Net Cash position 1 64.4 50.3 449 -
Leverage (Debt/EBITDA) - - - -
Free Cash Flow - 0.39 -32.2 -
ROE (net income / shareholders' equity) - 15.1% 9.61% -
ROA (Net income/ Total Assets) - 7.1% 4.2% -
Assets 1 - 879.6 1,540 -
Book Value Per Share 2 4.680 5.440 8.310 -
Cash Flow per Share 2 0.5400 0.4500 1.950 -
Capex 1 19.9 25.9 80.8 62.9
Capex / Sales 3.61% 3.53% 12.57% 10.8%
Announcement Date 27/04/22 27/04/22 31/03/23 25/04/24
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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