Financials Lingyi iTech (Guangdong) Company

Equities

002600

CNE1000015L5

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 23:00:00 14/07/2024 BST 5-day change 1st Jan Change
7.12 CNY -1.52% Intraday chart for Lingyi iTech (Guangdong) Company -1.11% +5.33%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 74,074 84,434 52,009 31,956 47,256 49,773 - -
Enterprise Value (EV) 1 74,074 84,434 57,159 31,956 49,711 53,288 53,288 53,288
P/E ratio - 37.5 x 43.3 x 20.6 x 23.3 x 22.9 x 16.1 x 12.7 x
Yield - 1.67% - - 0.89% 0.61% 1.33% 1.05%
Capitalization / Revenue 3.11 x 3 x 1.71 x 0.93 x 1.38 x 1.19 x 0.99 x 0.85 x
EV / Revenue 3.11 x 3 x 1.88 x 0.93 x 1.46 x 1.27 x 1.06 x 0.91 x
EV / EBITDA 20.2 x 20.6 x 19.4 x 7.73 x 10.4 x 10.2 x 8.23 x 6.95 x
EV / FCF - - - - 16.5 x 20.4 x 41 x 29.2 x
FCF Yield - - - - 6.06% 4.91% 2.44% 3.42%
Price to Book 6.35 x 5.84 x 3.29 x - 2.59 x 2.54 x 2.23 x 0.76 x
Nbr of stocks (in thousands) 6,827,077 7,042,004 7,066,491 7,038,675 6,990,534 6,990,534 - -
Reference price 2 10.85 11.99 7.360 4.540 6.760 7.120 7.120 7.120
Announcement Date 27/02/20 30/03/21 07/04/22 28/04/23 29/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 23,815 28,143 30,384 34,485 34,124 41,983 50,304 58,444
EBITDA 1 3,661 4,102 2,946 4,133 4,770 5,207 6,477 7,665
EBIT 1 2,247 2,458 1,084 2,054 2,553 2,758 3,847 4,985
Operating Margin 9.43% 8.73% 3.57% 5.96% 7.48% 6.57% 7.65% 8.53%
Earnings before Tax (EBT) 1 - 2,435 1,086 1,999 2,521 2,652 3,759 4,872
Net income 1 - 2,266 1,180 1,596 2,051 2,192 3,120 3,958
Net margin - 8.05% 3.88% 4.63% 6.01% 5.22% 6.2% 6.77%
EPS 2 - 0.3200 0.1700 0.2200 0.2900 0.3114 0.4429 0.5620
Free Cash Flow 1 - - - - 3,014 2,616 1,299 1,823
FCF margin - - - - 8.83% 6.23% 2.58% 3.12%
FCF Conversion (EBITDA) - - - - 63.18% 50.24% 20.06% 23.78%
FCF Conversion (Net income) - - - - 146.95% 119.35% 41.63% 46.06%
Dividend per Share 2 - 0.2000 - - 0.0600 0.0433 0.0950 0.0750
Announcement Date 27/02/20 30/03/21 07/04/22 28/04/23 29/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - - - - - 7,214 - - 9,478 18,835 9,799 9,716 10,582 10,602 - -
EBITDA 1 - - - - - - - - - - - 960 1,326 1,479 - -
EBIT 1 - - - - - 671.2 - - 310.5 1,161 576.8 519 885 1,038 - -
Operating Margin - - - - - 9.3% - - 3.28% 6.17% 5.89% 5.34% 8.36% 9.79% - -
Earnings before Tax (EBT) 1 - - - - - 672.7 - - 1,138 1,849 577.9 492 858 772 - -
Net income 1 - - - - - 646.7 - - 181.3 802.8 461 403 703 633 - -
Net margin - - - - - 8.96% - - 1.91% 4.26% 4.7% 4.15% 6.64% 5.97% - -
EPS 2 -0.0100 0.0400 0.0300 0.1000 0.0500 0.0900 0.0900 0.0900 0.0200 0.2000 0.0700 0.0600 0.1200 0.1100 0.1000 0.1400
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 07/04/22 27/04/22 25/08/22 28/10/22 28/04/23 28/04/23 24/08/23 27/10/23 29/04/24 29/04/24 29/04/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 5,149 - 2,455 3,515 3,515 3,515
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - 1.748 x - 0.5146 x 0.675 x 0.5427 x 0.4586 x
Free Cash Flow 1 - - - - 3,014 2,616 1,299 1,823
ROE (net income / shareholders' equity) 17.6% 17.4% 7.8% - 11.6% 11.1% 14% 15.5%
ROA (Net income/ Total Assets) - 7.99% - - 5.59% 4.94% 6.83% 7.35%
Assets 1 - 28,355 - - 36,689 44,399 45,700 53,889
Book Value Per Share 2 1.710 2.050 2.240 - 2.610 2.800 3.190 9.410
Cash Flow per Share 2 0.4400 0.3500 0.1500 - 0.7500 0.4900 0.5800 0.5100
Capex 1 - 2,824 5,471 - 2,282 2,467 2,734 2,123
Capex / Sales - 10.04% 18.01% - 6.69% 5.88% 5.43% 3.63%
Announcement Date 27/02/20 30/03/21 07/04/22 28/04/23 29/04/24 - - -
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
7
Last Close Price
7.12 CNY
Average target price
7.275 CNY
Spread / Average Target
+2.18%
Consensus
  1. Stock Market
  2. Equities
  3. 002600 Stock
  4. Financials Lingyi iTech (Guangdong) Company