Financials Hwatsing Technology Co., Ltd.

Equities

688120

CNE100005QL7

Semiconductor Equipment & Testing

End-of-day quote Shanghai S.E. 23:00:00 04/06/2024 BST 5-day change 1st Jan Change
184.4 CNY +1.63% Intraday chart for Hwatsing Technology Co., Ltd. +3.03% -1.75%

Valuation

Fiscal Period: December 2022 2023 2024 2025 2026
Capitalization 1 23,952 29,832 29,310 - -
Enterprise Value (EV) 1 23,952 29,832 29,310 29,310 29,310
P/E ratio 42.8 x 41 x 30.1 x 21.7 x 17.9 x
Yield 0.22% 0.29% 0.37% 0.47% 0.61%
Capitalization / Revenue 14.5 x 11.9 x 8.51 x 6.32 x 5.13 x
EV / Revenue 14.5 x 11.9 x 8.51 x 6.32 x 5.13 x
EV / EBITDA 39.4 x 34.7 x 26.3 x 19.6 x 15.5 x
EV / FCF - - - - -
FCF Yield - - - - -
Price to Book 5 x 5.4 x 4.54 x 3.81 x 3.16 x
Nbr of stocks (in thousands) 158,934 158,933 158,933 - -
Reference price 2 150.7 187.7 184.4 184.4 184.4
Announcement Date 27/02/23 27/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 804.9 1,649 2,508 3,445 4,636 5,710
EBITDA 1 - 608.2 860.9 1,116 1,498 1,887
EBIT 1 - 556.6 791.5 1,059 1,471 1,772
Operating Margin - 33.75% 31.56% 30.73% 31.73% 31.02%
Earnings before Tax (EBT) 1 - 556.9 791.7 1,058 1,470 1,770
Net income 1 - 501.6 727.3 973.2 1,349 1,603
Net margin - 30.42% 29% 28.25% 29.09% 28.08%
EPS 2 1.664 3.523 4.580 6.125 8.487 10.28
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 - 0.3356 0.5500 0.6900 0.8700 1.120
Announcement Date 17/05/22 27/02/23 27/02/24 - - -
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
Net sales 1 - 515.4 - 618.3 605.8 667.7 680.2 796.1 858.6 902.9
EBITDA 1 - - - - - - - 282.9 305.4 326.6
EBIT 1 - 179.6 - 190.5 200.7 180.6 230 267.4 289.5 310.3
Operating Margin - 34.84% - 30.81% 33.12% 27.04% 33.81% 33.59% 33.72% 34.37%
Earnings before Tax (EBT) - 179.7 - - - - - - - -
Net income 1 157.2 158.7 193.9 180.2 189.8 116.3 202.1 240.7 260.6 279.3
Net margin - 30.79% - 29.15% 31.33% 17.42% 29.72% 30.23% 30.35% 30.93%
EPS 2 0.9866 1.020 1.221 0.5300 1.200 1.030 1.270 1.514 1.639 1.757
Dividend per Share - - - - - - - - - -
Announcement Date 19/10/22 27/02/23 24/04/23 28/08/23 31/10/23 27/02/24 27/04/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) - 16.2% 14.2% 15.5% 17.6% 18%
ROA (Net income/ Total Assets) - 9.24% - 8.54% 8.53% 10.1%
Assets 1 - 5,427 - 11,396 15,823 15,907
Book Value Per Share 2 - 30.10 34.70 40.60 48.30 58.30
Cash Flow per Share 2 - 0.1600 4.110 5.190 7.460 11.80
Capex 1 - 175 340 382 351 378
Capex / Sales - 10.6% 13.54% 11.09% 7.57% 6.61%
Announcement Date 17/05/22 27/02/23 27/02/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
184.4 CNY
Average target price
238.3 CNY
Spread / Average Target
+29.22%
Consensus
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  4. Financials Hwatsing Technology Co., Ltd.
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