CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED Financials Contemporary Amperex Technology Co., Limited
Equities
300750
CNE100003662
Electrical Components & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 198.5 CNY | +2.73% |
|
+4.03% | +21.57% |
| 04-26 | TAKE A LOOK-Beijing auto show | RE |
| 04-26 | Beijing auto show: Themes and highlights | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 234,974 | 817,902 | 1,370,540 | 960,934 | 718,187 | 870,817 | - | - |
| Enterprise Value (EV) 1 | 212,396 | 777,612 | 1,335,114 | 869,816 | 578,757 | 707,417 | 663,600 | 616,512 |
| P/E ratio | 50.9 x | 141 x | 86 x | 30.5 x | 13.9 x | 17.5 x | 14.5 x | 12.4 x |
| Yield | 0.21% | 0.07% | - | 0.64% | 3.08% | 1.95% | 1.92% | 2.47% |
| Capitalization / Revenue | 5.13 x | 16.3 x | 10.5 x | 2.92 x | 1.79 x | 2.11 x | 1.7 x | 1.52 x |
| EV / Revenue | 4.64 x | 15.5 x | 10.2 x | 2.65 x | 1.44 x | 1.71 x | 1.3 x | 1.08 x |
| EV / EBITDA | 20.9 x | 65.7 x | 50.8 x | 17.4 x | 7.59 x | 8.63 x | 6.97 x | 5.65 x |
| EV / FCF | 55 x | 152 x | -1,559 x | 66.9 x | 9.77 x | 11.9 x | 9.3 x | 7.57 x |
| FCF Yield | 1.82% | 0.66% | -0.06% | 1.49% | 10.2% | 8.41% | 10.8% | 13.2% |
| Price to Book | 6.16 x | 12.7 x | 16.2 x | 5.84 x | 3.63 x | 3.69 x | 3.11 x | 2.66 x |
| Nbr of stocks (in thousands) | 3,975,119 | 4,193,053 | 4,195,532 | 4,396,526 | 4,399,041 | 4,387,432 | - | - |
| Reference price 2 | 59.11 | 195.1 | 326.7 | 218.6 | 163.3 | 198.5 | 198.5 | 198.5 |
| Announcement Date | 27/02/20 | 27/04/21 | 21/04/22 | 09/03/23 | 15/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 45,788 | 50,319 | 130,356 | 328,594 | 400,917 | 413,275 | 510,862 | 573,360 |
| EBITDA 1 | 10,168 | 11,827 | 26,260 | 49,913 | 76,247 | 81,993 | 95,157 | 109,083 |
| EBIT 1 | 5,759 | 6,959 | 19,824 | 36,822 | 53,718 | 57,706 | 69,521 | 80,253 |
| Operating Margin | 12.58% | 13.83% | 15.21% | 11.21% | 13.4% | 13.96% | 13.61% | 14% |
| Earnings before Tax (EBT) 1 | 5,761 | 6,983 | 19,887 | 36,673 | 53,914 | 61,686 | 73,738 | 85,582 |
| Net income 1 | 4,560 | 5,583 | 15,931 | 30,729 | 44,121 | 50,135 | 60,478 | 70,510 |
| Net margin | 9.96% | 11.1% | 12.22% | 9.35% | 11.01% | 12.13% | 11.84% | 12.3% |
| EPS 2 | 1.160 | 1.380 | 3.800 | 7.155 | 11.78 | 11.34 | 13.69 | 15.96 |
| Free Cash Flow 1 | 3,860 | 5,128 | -856.5 | 12,994 | 59,214 | 59,486 | 71,351 | 81,488 |
| FCF margin | 8.43% | 10.19% | -0.66% | 3.95% | 14.77% | 14.39% | 13.97% | 14.21% |
| FCF Conversion (EBITDA) | 37.96% | 43.35% | - | 26.03% | 77.66% | 72.55% | 74.98% | 74.7% |
| FCF Conversion (Net income) | 84.64% | 91.84% | - | 42.28% | 134.21% | 118.65% | 117.98% | 115.57% |
| Dividend per Share 2 | 0.1222 | 0.1333 | - | 1.400 | 5.028 | 3.862 | 3.817 | 4.910 |
| Announcement Date | 27/02/20 | 27/04/21 | 21/04/22 | 09/03/23 | 15/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 25,524 | 18,829 | 31,490 | 44,075 | 56,994 | 86,281 | 48,678 | 64,293 | 112,971 | 97,369 | 118,254 | 215,623 | 89,038 | 100,208 | 105,431 | 106,240 | 79,771 | 97,706 | 122,959 | 123,385 | 108,676 | 122,308 |
| EBITDA 1 | 5,415 | 5,057 | - | - | 8,570 | - | - | 9,305 | - | 11,699 | - | - | - | - | - | - | - | 15,292 | 22,938 | 22,938 | - | - |
| EBIT 1 | 2,946 | 2,594 | 4,365 | 5,953 | 8,932 | 13,870 | 2,456 | 9,227 | - | 10,776 | 14,363 | 25,139 | 12,017 | 13,341 | 11,658 | 16,703 | 13,333 | 9,739 | 14,608 | 14,608 | - | - |
| Operating Margin | 11.54% | 13.78% | 13.86% | 13.51% | 15.67% | 16.08% | 5.05% | 14.35% | - | 11.07% | 12.15% | 11.66% | 13.5% | 13.31% | 11.06% | 15.72% | 16.71% | 9.97% | 11.88% | 11.84% | - | - |
| Earnings before Tax (EBT) 1 | 2,956 | 2,597 | 4,386 | 6,335 | 9,013 | 13,552 | - | 9,229 | - | 10,617 | 14,346 | 24,963 | 12,011 | 13,458 | 11,697 | 16,748 | 13,200 | 12,730 | 19,094 | 19,094 | - | - |
| Net income 1 | 2,458 | 1,937 | 3,646 | 4,484 | 9,328 | - | - | 6,675 | 8,168 | 9,424 | 13,138 | 22,561 | 9,822 | 10,895 | 10,428 | 12,976 | 10,510 | 10,209 | 15,314 | 15,314 | - | - |
| Net margin | 9.63% | 10.29% | 11.58% | 10.17% | 16.37% | - | - | 10.38% | 7.23% | 9.68% | 11.11% | 10.46% | 11.03% | 10.87% | 9.89% | 12.21% | 13.18% | 10.45% | 12.45% | 12.41% | - | - |
| EPS 2 | 0.6222 | 0.4892 | - | - | 1.948 | - | 0.3558 | 1.591 | - | 2.183 | 3.028 | - | 2.234 | 0.6900 | 2.372 | 4.700 | 2.389 | 2.321 | 3.481 | 3.481 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | 1.400 | - | - | - | - | - | - | - | - | 3.490 | - | - |
| Announcement Date | 27/02/20 | 26/08/20 | 27/04/21 | 25/08/21 | 21/04/22 | 21/04/22 | 29/04/22 | 23/08/22 | 23/08/22 | 21/10/22 | 09/03/23 | 09/03/23 | 20/04/23 | 25/07/23 | 19/10/23 | 15/03/24 | 15/04/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 22,578 | 40,290 | 35,426 | 91,119 | 139,431 | 163,401 | 207,217 | 254,306 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 3,860 | 5,128 | -857 | 12,994 | 59,214 | 59,486 | 71,351 | 81,488 |
| ROE (net income / shareholders' equity) | 12.8% | 11.3% | 21.5% | 24.7% | 24% | 22.3% | 22.5% | 22.2% |
| ROA (Net income/ Total Assets) | 5.21% | 4.33% | 6.86% | 6.76% | 6.69% | 6.75% | 7.03% | 7.17% |
| Assets 1 | 87,614 | 128,975 | 232,133 | 454,309 | 659,057 | 743,176 | 859,702 | 982,776 |
| Book Value Per Share 2 | 9.590 | 15.30 | 20.10 | 37.40 | 44.90 | 53.70 | 63.80 | 74.70 |
| Cash Flow per Share 2 | 3.390 | 4.400 | 10.20 | 13.90 | 21.10 | 19.90 | 25.00 | 24.60 |
| Capex 1 | 9,612 | 13,302 | 43,765 | 48,215 | 33,612 | 35,958 | 42,067 | 40,379 |
| Capex / Sales | 20.99% | 26.44% | 33.57% | 14.67% | 8.38% | 8.7% | 8.23% | 7.04% |
| Announcement Date | 27/02/20 | 27/04/21 | 21/04/22 | 09/03/23 | 15/03/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
35
Last Close Price
198.5
CNY
Average target price
256.5
CNY
Spread / Average Target
+29.22%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.57% | 120B | |
| -13.45% | 19.67B | |
| +8.86% | 17.62B | |
| -18.06% | 16.74B | |
| -14.00% | 10.22B | |
| -15.30% | 4.48B | |
| -12.28% | 4.03B | |
| +7.52% | 4.03B | |
| -9.59% | 3.69B | |
| +1.29% | 3.81B |
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- Financials Contemporary Amperex Technology Co., Limited
