Financials China XD Electric Co., Ltd

Equities

601179

CNE100000KW8

Heavy Electrical Equipment

End-of-day quote Shanghai S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
7.07 CNY -4.20% Intraday chart for China XD Electric Co., Ltd -9.71% +43.41%

Valuation

Fiscal Period: December 2019 2022 2023 2024 2025 2026
Capitalization 1 18,658 23,630 25,271 36,240 - -
Enterprise Value (EV) 1 15,863 23,630 25,271 36,240 36,240 36,240
P/E ratio 44.9 x 38.6 x 28.5 x 30.1 x 24.1 x 22.8 x
Yield 1.37% - 1.34% 1.41% 1.63% -
Capitalization / Revenue 1.22 x - 1.21 x 1.39 x 1.2 x 1.06 x
EV / Revenue 1.22 x - 1.21 x 1.39 x 1.2 x 1.06 x
EV / EBITDA 15.6 x - - 16.2 x 13.2 x 13 x
EV / FCF - - 28 x 47.6 x 43.5 x 47.8 x
FCF Yield - - 3.58% 2.1% 2.3% 2.09%
Price to Book 0.94 x - 1.17 x 1.61 x 1.54 x 1.48 x
Nbr of stocks (in thousands) 5,125,882 5,125,882 5,125,882 5,125,882 - -
Reference price 2 3.640 4.610 4.930 7.070 7.070 7.070
Announcement Date 29/04/20 20/04/23 10/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2022 2023 2024 2025 2026
Net sales 1 15,283 - 20,848 26,074 30,219 34,144
EBITDA 1 1,199 - - 2,240 2,748 2,790
EBIT 1 444.9 - 1,094 1,592 2,042 2,160
Operating Margin 2.91% - 5.25% 6.1% 6.76% 6.33%
Earnings before Tax (EBT) 1 473.8 - 1,107 1,592 1,969 2,177
Net income 1 413.2 612.4 885.2 1,210 1,509 1,611
Net margin 2.7% - 4.25% 4.64% 4.99% 4.72%
EPS 2 0.0810 0.1195 0.1727 0.2350 0.2933 0.3100
Free Cash Flow 1 - - 903.7 762 832.2 758.4
FCF margin - - 4.33% 2.92% 2.75% 2.22%
FCF Conversion (EBITDA) - - - 34.03% 30.29% 27.18%
FCF Conversion (Net income) - - 102.09% 62.95% 55.16% 47.08%
Dividend per Share 2 0.0500 - 0.0660 0.1000 0.1150 -
Announcement Date 29/04/20 20/04/23 10/04/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2022 2023 2024 2025 2026
Net Debt - - - - - -
Net Cash position 2,795 - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - - 904 762 832 758
ROE (net income / shareholders' equity) 2.1% - 4.14% 5.45% 6.5% 6.6%
ROA (Net income/ Total Assets) - - - 2.6% 3.15% 2.9%
Assets 1 - - - 46,558 47,894 55,552
Book Value Per Share 2 3.870 - 4.220 4.400 4.590 4.780
Cash Flow per Share 2 - - 0.2400 0.2300 0.2400 -
Capex 1 234 - 311 400 450 400
Capex / Sales 1.53% - 1.49% 1.53% 1.49% 1.17%
Announcement Date 29/04/20 20/04/23 10/04/24 - - -
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
3
Last Close Price
7.07 CNY
Average target price
7.397 CNY
Spread / Average Target
+4.62%
Consensus

Annual profits - Rate of surprise

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