Financials Leyard Optoelectronic Co., Ltd.

Equities

300296

CNE100001CB7

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
5.01 CNY -0.20% Intraday chart for Leyard Optoelectronic Co., Ltd. +2.45% -16.50%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,327 16,017 25,906 14,232 15,168 12,716 - -
Enterprise Value (EV) 1 19,016 15,256 25,258 13,743 14,298 10,834 10,740 10,500
P/E ratio 27.8 x -16.6 x 44.1 x 47.7 x 50.2 x 20 x 13.7 x 10.2 x
Yield 0.78% 0.31% 0.49% 0.71% 0.83% 2.2% 2.93% 4.39%
Capitalization / Revenue 2.14 x 2.41 x 2.93 x 1.75 x 1.99 x 1.45 x 1.2 x 1.11 x
EV / Revenue 2.1 x 2.3 x 2.85 x 1.69 x 1.88 x 1.23 x 1.02 x 0.92 x
EV / EBITDA 16.7 x -21.2 x 26.9 x 21.9 x 23.1 x 10.1 x 7.86 x 5.76 x
EV / FCF - - -2,007 x - 21.1 x 27.5 x 126 x -
FCF Yield - - -0.05% - 4.75% 3.64% 0.79% -
Price to Book 2.33 x 2.24 x 3.35 x 1.78 x 1.84 x 1.45 x 1.32 x 1.2 x
Nbr of stocks (in thousands) 2,519,811 2,518,436 2,527,372 2,514,480 2,527,988 2,527,988 - -
Reference price 2 7.670 6.360 10.25 5.660 6.000 5.010 5.010 5.010
Announcement Date 27/02/20 30/03/21 14/04/22 03/04/23 11/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,047 6,634 8,852 8,154 7,615 8,784 10,569 11,450
EBITDA 1 1,142 -720 940.2 626.7 618.8 1,070 1,366 1,824
EBIT 1 954.9 -920 743.2 368.6 332.9 729 1,111 1,419
Operating Margin 10.55% -13.87% 8.4% 4.52% 4.37% 8.3% 10.51% 12.4%
Earnings before Tax (EBT) 1 877.4 -913.8 736.3 366.8 332 729 1,141 1,511
Net income 1 704 -976.4 610.9 281.4 285.7 624 926.5 1,257
Net margin 7.78% -14.72% 6.9% 3.45% 3.75% 7.1% 8.77% 10.97%
EPS 2 0.2759 -0.3840 0.2323 0.1186 0.1195 0.2500 0.3667 0.4900
Free Cash Flow 1 - - -12.59 - 678.5 394 85 -
FCF margin - - -0.14% - 8.91% 4.49% 0.8% -
FCF Conversion (EBITDA) - - - - 109.65% 36.82% 6.22% -
FCF Conversion (Net income) - - - - 237.49% 63.14% 9.17% -
Dividend per Share 2 0.0600 0.0200 0.0500 0.0400 0.0500 0.1100 0.1467 0.2200
Announcement Date 27/02/20 30/03/21 14/04/22 03/04/23 11/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 3,018 5,252 - - - - 4,452 - - - - 3,597 - - - - - -
EBITDA - - - - - - - - - - - - - - - - - -
EBIT 118.7 387.5 - - - - 34.62 - - - - -45.09 - - - - - -
Operating Margin 3.93% 7.38% - - - - 0.78% - - - - -1.25% - - - - - -
Earnings before Tax (EBT) 113.9 380.2 - - - - 31.68 - - - - -44.89 - - - - - -
Net income 90.01 326.2 - - - - 13.89 - - - - -52.56 - - - - - -
Net margin 2.98% 6.21% - - - - 0.31% - - - - -1.46% - - - - - -
EPS 1 0.0300 0.1200 0.0439 0.0600 0.0624 -0.0400 0.0200 0.0493 0.0800 0.0500 -0.0600 -0.0100 0.0411 0.0800 0.1100 0.1300 0.0500 0.0900
Dividend per Share - - - - - - - - - - - - - - - - - -
Announcement Date 14/04/22 14/04/22 26/04/22 19/08/22 21/10/22 03/04/23 03/04/23 25/04/23 28/08/23 26/10/23 11/04/24 11/04/24 25/04/24 - - - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 311 761 647 489 870 1,881 1,976 2,216
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - -12.6 - 679 394 85 -
ROE (net income / shareholders' equity) 8.48% -13.4% 8.19% 3.56% 3.51% 7.3% 9.79% 12.3%
ROA (Net income/ Total Assets) 4.7% -6.73% 4.14% - - 4% 4.5% -
Assets 1 14,987 14,509 14,743 - - 15,600 20,589 -
Book Value Per Share 2 3.300 2.840 3.060 3.180 3.270 3.460 3.790 4.170
Cash Flow per Share 2 0.3600 0.4400 0.1800 0.2200 0.3500 0.1600 0.1600 -
Capex 1 192 240 476 289 216 290 328 -
Capex / Sales 2.12% 3.61% 5.38% 3.55% 2.83% 3.3% 3.1% -
Announcement Date 27/02/20 30/03/21 14/04/22 03/04/23 11/04/24 - - -
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
5.01 CNY
Average target price
5.882 CNY
Spread / Average Target
+17.40%
Consensus
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