Financials Mingyue Optical Lens Co.,Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 23:00:00 28/05/2024 BST			5-day change	1st Jan Change
25.91 ^CNY	-0.04%		-4.04%	-38.10%

04-22	Mingyue Optical Lens Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
01-24	Huhu Health Technology Co., Ltd. announced that it expects to receive CLP 12 million in funding from Mingyue Optical Lens Co.,Ltd., Shanghai Mingyue Industrial Co., Ltd. and another investor.	CI

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,305	8,466	8,435	5,201	-	-
Enterprise Value (EV) ¹	7,305	8,466	8,435	5,201	5,201	5,201
P/E ratio	66.7 x	62.2 x	53.5 x	26.1 x	21.5 x	18 x
Yield	-	0.48%	0.72%	1.35%	1.57%	1.99%
Capitalization / Revenue	-	13.6 x	11.3 x	5.8 x	4.81 x	4.13 x
EV / Revenue	-	13.6 x	11.3 x	5.8 x	4.81 x	4.13 x
EV / EBITDA	-	43 x	33.3 x	18.5 x	15.2 x	12.8 x
EV / FCF	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-
Price to Book	-	5.76 x	5.42 x	3.09 x	2.81 x	2.58 x
Nbr of stocks (in thousands)	201,512	201,512	201,512	200,733	-	-
Reference price ²	36.25	42.01	41.86	25.91	25.91	25.91
Announcement Date	24/04/22	18/04/23	22/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	623.1	748.7	896.4	1,081	1,258
EBITDA ¹	-	196.7	253.1	280.6	342.6	406
EBIT ¹	-	159.6	200.1	251.7	307.8	373.1
Operating Margin	-	25.62%	26.73%	28.09%	28.46%	29.65%
Earnings before Tax (EBT) ¹	-	164.1	200.1	253.3	309.1	372.8
Net income ¹	82.09	136.2	157.5	199.8	242.8	290
Net margin	-	21.86%	21.04%	22.29%	22.45%	23.04%
EPS ²	0.5432	0.6758	0.7818	0.9914	1.206	1.440
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	0.2000	0.3000	0.3500	0.4067	0.5150
Announcement Date	24/04/22	18/04/23	22/04/24	-	-	-

¹CNY in Million²CNY

Estimates

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)	-	9.25%	10.3%	12.1%	13.4%	14.3%
ROA (Net income/ Total Assets)	-	8.37%	8.99%	10.6%	11.8%	12.6%
Assets ¹	-	1,627	1,753	1,885	2,063	2,297
Book Value Per Share ²	-	7.290	7.720	8.390	9.230	10.00
Cash Flow per Share ²	-	0.7300	1.040	1.020	1.350	1.400
Capex ¹	-	77.1	80.4	63	68.4	65.8
Capex / Sales	-	12.38%	10.74%	7.03%	6.33%	5.23%
Announcement Date	24/04/22	18/04/23	22/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

25.91 CNY

Average target price

39.05 CNY

Spread / Average Target

+50.71%

	1st Jan change	Capi.
MINGYUE OPTICAL LENS CO.,LTD.	-38.10%	717M
ESSILORLUXOTTICA	+11.89%	99.35B
ALCON INC.	+21.88%	43.32B
AUTEK CHINA INC.	-20.73%	2.22B
WARBY PARKER INC.	+18.94%	1.99B
PEGAVISION CORPORATION	+18.03%	1.13B
UNIVERSAL VISION BIOTECHNOLOGY CO., LTD.	-8.48%	663M
MENICON CO., LTD.	-45.44%	627M
SHANGHAI CONANT OPTICAL CO., LTD.	+48.44%	557M
VIZIONFOCUS INC.	+15.96%	465M