Financials Hainan Drinda New Energy Technology Co., Ltd.

Equities

002865

CNE100002QL4

Renewable Energy Equipment & Services

End-of-day quote Shenzhen S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
51.48 CNY -4.65% Intraday chart for Hainan Drinda New Energy Technology Co., Ltd. -1.32% -33.56%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 9,558 26,196 17,619 11,730 - -
Enterprise Value (EV) 1 9,558 26,196 17,335 10,774 9,651 8,531
P/E ratio -51.9 x 36.4 x 20.7 x 11.6 x 3.96 x 5.95 x
Yield - 0.32% 0.97% 5.23% 6.57% 6.66%
Capitalization / Revenue - 2.26 x 0.94 x 0.63 x 0.49 x 0.43 x
EV / Revenue - 2.26 x 0.93 x 0.57 x 0.4 x 0.32 x
EV / EBITDA - - 13.4 x 3.63 x 2.69 x 2.31 x
EV / FCF - -70.9 x -21.6 x 8.36 x 6.03 x 5.32 x
FCF Yield - -1.41% -4.62% 12% 16.6% 18.8%
Price to Book - 24.9 x 3.73 x 2.11 x 1.4 x 1.1 x
Nbr of stocks (in thousands) 190,894 197,862 227,395 227,848 - -
Reference price 2 50.07 132.4 77.48 51.48 51.48 51.48
Announcement Date 17/03/22 10/03/23 22/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 - 11,595 18,657 18,761 23,856 26,988
EBITDA 1 - - 1,291 2,966 3,589 3,694
EBIT 1 - 891.6 746.1 1,265 2,349 2,458
Operating Margin - 7.69% 4% 6.74% 9.85% 9.11%
Earnings before Tax (EBT) 1 - 891.7 744.5 1,265 2,250 2,368
Net income 1 -178.6 716.9 815.6 1,012 1,870 1,965
Net margin - 6.18% 4.37% 5.39% 7.84% 7.28%
EPS 2 -0.9656 3.634 3.750 4.450 12.98 8.645
Free Cash Flow 1 - -369.6 -801.6 1,289 1,601 1,605
FCF margin - -3.19% -4.3% 6.87% 6.71% 5.95%
FCF Conversion (EBITDA) - - - 43.46% 44.61% 43.45%
FCF Conversion (Net income) - - - 127.37% 85.59% 81.68%
Dividend per Share 2 - 0.4292 0.7500 2.690 3.380 3.430
Announcement Date 17/03/22 10/03/23 22/02/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - -
Net Cash position 1 - - 283 956 2,079 3,199
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - -370 -802 1,289 1,601 1,605
ROE (net income / shareholders' equity) - 65.4% 29.1% 18.2% 33.3% 26%
ROA (Net income/ Total Assets) - - 5.94% 15% 16% 14%
Assets 1 - - 13,742 6,747 11,691 14,036
Book Value Per Share 2 - 5.310 20.80 24.40 36.70 46.80
Cash Flow per Share 2 - 0.7900 8.700 3.010 13.90 16.10
Capex 1 - 525 2,781 1,230 1,350 1,559
Capex / Sales - 4.53% 14.9% 6.56% 5.66% 5.78%
Announcement Date 17/03/22 10/03/23 22/02/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
51.48 CNY
Average target price
100.5 CNY
Spread / Average Target
+95.24%
Consensus

Annual profits - Rate of surprise

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