Financials Chaowei Power Holdings Limited

Equities

951

KYG204791043

Auto, Truck & Motorcycle Parts

Market Closed - Hong Kong S.E. 09:08:20 26/04/2024 BST 5-day change 1st Jan Change
1.39 HKD 0.00% Intraday chart for Chaowei Power Holdings Limited +2.21% -3.47%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 4,402 2,948 2,822 2,946 1,835 1,648
Enterprise Value (EV) 1 9,234 6,422 5,901 6,427 4,924 5,016
P/E ratio 9.69 x 7.14 x 5.03 x 4.09 x 3.55 x 3.95 x
Yield 1.56% 2.1% 2.93% 3.67% 4.26% 3.91%
Capitalization / Revenue 0.18 x 0.11 x 0.1 x 0.11 x 0.06 x 0.05 x
EV / Revenue 0.37 x 0.24 x 0.22 x 0.24 x 0.17 x 0.16 x
EV / EBITDA 9.25 x 5.66 x 3.84 x 3.98 x 2.9 x 3.15 x
EV / FCF -7.72 x 4.11 x 14.2 x -8.99 x -21.7 x -11.7 x
FCF Yield -13% 24.3% 7.05% -11.1% -4.6% -8.54%
Price to Book 1.2 x 0.74 x 0.62 x 0.57 x 0.33 x 0.28 x
Nbr of stocks (in thousands) 1,107,912 1,107,912 1,104,127 1,104,127 1,104,127 1,104,127
Reference price 2 3.973 2.661 2.556 2.668 1.662 1.493
Announcement Date 23/04/18 26/04/19 29/04/20 27/04/21 28/04/22 26/04/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 24,654 26,948 27,182 27,305 29,489 31,931
EBITDA 1 998.1 1,134 1,537 1,616 1,698 1,590
EBIT 1 591.8 692.1 967.6 1,029 993 865.4
Operating Margin 2.4% 2.57% 3.56% 3.77% 3.37% 2.71%
Earnings before Tax (EBT) 1 635.6 577.7 805.5 1,066 784.6 818.1
Net income 1 454.8 412.7 561.3 720.4 516.3 417.2
Net margin 1.84% 1.53% 2.07% 2.64% 1.75% 1.31%
EPS 2 0.4100 0.3725 0.5083 0.6525 0.4676 0.3778
Free Cash Flow 1 -1,196 1,562 416.2 -715 -226.6 -428.4
FCF margin -4.85% 5.8% 1.53% -2.62% -0.77% -1.34%
FCF Conversion (EBITDA) - 137.78% 27.08% - - -
FCF Conversion (Net income) - 378.48% 74.14% - - -
Dividend per Share 2 0.0620 0.0560 0.0750 0.0980 0.0709 0.0584
Announcement Date 23/04/18 26/04/19 29/04/20 27/04/21 28/04/22 26/04/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 4,832 3,474 3,079 3,481 3,089 3,368
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.841 x 3.065 x 2.003 x 2.155 x 1.819 x 2.118 x
Free Cash Flow 1 -1,196 1,562 416 -715 -227 -428
ROE (net income / shareholders' equity) 10.7% 7.85% 9.8% 12.7% 8.63% 8.91%
ROA (Net income/ Total Assets) 2.47% 2.49% 3.44% 3.51% 3.15% 2.69%
Assets 1 18,441 16,560 16,295 20,509 16,386 15,490
Book Value Per Share 2 3.310 3.610 4.110 4.700 5.070 5.340
Cash Flow per Share 2 1.360 2.690 1.770 2.310 2.590 1.950
Capex 1 669 875 565 697 971 1,133
Capex / Sales 2.71% 3.25% 2.08% 2.55% 3.29% 3.55%
Announcement Date 23/04/18 26/04/19 29/04/20 27/04/21 28/04/22 26/04/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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