Financials Guangzhou Fangbang Electronics Co.,Ltd

Equities

688020

CNE100003MB2

Electronic Equipment & Parts

End-of-day quote Shanghai S.E. 23:00:00 13/05/2024 BST 5-day change 1st Jan Change
27.94 CNY +0.50% Intraday chart for Guangzhou Fangbang Electronics Co.,Ltd -8.27% -42.37%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 7,258 7,617 7,292 4,233 3,906 2,242 -
Enterprise Value (EV) 1 7,258 7,617 7,292 4,233 3,906 2,242 2,242
P/E ratio 48.3 x 63.9 x 194 x -62.1 x -56.4 x 2,794 x 15.6 x
Yield - 0.53% - - - - -
Capitalization / Revenue 24.9 x 26.4 x - 13.5 x 11.3 x 5.46 x 2.76 x
EV / Revenue 24.9 x 26.4 x - 13.5 x 11.3 x 5.46 x 2.76 x
EV / EBITDA 45,742,150 x 48,077,084 x - - - - -
EV / FCF - - - -71.8 x -43.3 x -44 x 38.7 x
FCF Yield - - - -1.39% -2.31% -2.27% 2.59%
Price to Book - 4.73 x - - - - -
Nbr of stocks (in thousands) 80,000 80,000 80,000 80,211 80,578 80,249 -
Reference price 2 90.73 95.21 91.15 52.77 48.48 27.94 27.94
Announcement Date 29/04/20 25/02/21 16/02/22 27/02/23 23/02/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 291.7 288.5 - 312.6 345.1 411 811
EBITDA 158.7 158.4 - - - - -
EBIT 1 148.5 142.5 - -65.34 -65.3 14 158
Operating Margin 50.9% 49.39% - -20.9% -18.92% 3.41% 19.48%
Earnings before Tax (EBT) 1 154.8 142.8 - -65.31 -68.27 8 170
Net income 1 128.7 119.2 37.83 -68.02 -68.67 1 144
Net margin 44.11% 41.32% - -21.76% -19.9% 0.24% 17.76%
EPS 2 1.880 1.490 0.4700 -0.8500 -0.8600 0.0100 1.790
Free Cash Flow 1 - - - -58.95 -90.27 -51 58
FCF margin - - - -18.86% -26.15% -12.41% 7.15%
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - 40.28%
Dividend per Share - 0.5000 - - - - -
Announcement Date 29/04/20 25/02/21 16/02/22 27/02/23 23/02/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - 73.33 76.15 95.54 97.6 75.86 67.43 90 118 136 153 182
EBITDA - - - - - - - - - - - -
EBIT 1 - -15.2 -21.53 -19 -7.009 -17.76 -12.31 - 9 18 17 28
Operating Margin - -20.73% -28.27% -19.89% -7.18% -23.41% -18.25% - 7.63% 13.24% 11.11% 15.38%
Earnings before Tax (EBT) 1 - -15.82 -21.46 -21.99 -6.951 -17.87 -12.34 -2 7 15 20 31
Net income 1 -21.75 -14.13 -21.77 -21.84 -8.852 -16.21 -14.2 -4 6 13 16 26
Net margin - -19.27% -28.58% -22.86% -9.07% -21.37% -21.06% -4.44% 5.08% 9.56% 10.46% 14.29%
EPS -0.2700 - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - -
Announcement Date 27/10/22 27/02/23 20/04/23 21/08/23 24/10/23 23/02/24 22/04/24 - - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - - -59 -90.3 -51 58
ROE (net income / shareholders' equity) 14.5% 7.65% - -4.31% -4.54% - 9.2%
ROA (Net income/ Total Assets) - 7.11% - -3.49% - - 7%
Assets 1 - 1,677 - 1,946 - - 2,057
Book Value Per Share - 20.10 - - - - -
Cash Flow per Share 1.620 1.810 - - - - -
Capex - 277 - - - - -
Capex / Sales - 95.85% - - - - -
Announcement Date 29/04/20 25/02/21 16/02/22 27/02/23 23/02/24 - -
1CNY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
27.94 CNY
Average target price
45 CNY
Spread / Average Target
+61.06%
Consensus

Quarterly revenue - Rate of surprise

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