NINGBO HUAXIANG ELECTRONIC CO., LTD. Financials Ningbo Huaxiang Electronic Co., Ltd.
Equities
002048
CNE000001M06
Auto, Truck & Motorcycle Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.88 CNY | -0.85% |
|
-3.01% | -1.00% |
| 06-27 | Chinese Shares Slide as Industrial Profit Growth Weakens; Huaxiang Electronic Down 4% | MT |
| 06-27 | Huaxiang Electronic to Buy IAC's China Business For 600 Million Yuan; Shares Drop 3% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,681 | 9,750 | 13,545 | 11,160 | 10,446 | 10,341 | - | - |
| Enterprise Value (EV) 1 | 9,681 | 9,750 | 13,545 | 11,160 | 8,339 | 7,346 | 5,985 | 4,490 |
| P/E ratio | 9.85 x | 11.4 x | 10.7 x | 11.2 x | 9.64 x | 8.1 x | 7.04 x | 5.91 x |
| Yield | 1.03% | 3.21% | 0.57% | 1.8% | 4.86% | 5.59% | 5.18% | 6.75% |
| Capitalization / Revenue | 0.57 x | 0.58 x | 0.77 x | 0.57 x | 0.45 x | 0.4 x | 0.38 x | 0.36 x |
| EV / Revenue | 0.57 x | 0.58 x | 0.77 x | 0.57 x | 0.36 x | 0.29 x | 0.22 x | 0.16 x |
| EV / EBITDA | 4.27 x | 4.55 x | 5.27 x | 4.45 x | 2.78 x | 2.46 x | 1.85 x | 1.26 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.06 x | 0.94 x | 1.25 x | 1.02 x | 0.86 x | 0.81 x | 0.78 x | 0.7 x |
| Nbr of stocks (in thousands) | 626,227 | 626,227 | 626,227 | 802,884 | 802,884 | 802,884 | - | - |
| Reference price 2 | 15.46 | 15.57 | 21.63 | 13.90 | 13.01 | 12.88 | 12.88 | 12.88 |
| Announcement Date | 26/02/20 | 25/02/21 | 28/04/22 | 27/04/23 | 26/02/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 17,093 | 16,892 | 17,588 | 19,626 | 23,109 | 25,565 | 27,523 | 28,953 |
| EBITDA 1 | 2,268 | 2,144 | 2,570 | 2,507 | 2,999 | 2,984 | 3,231 | 3,562 |
| EBIT 1 | 1,483 | 1,298 | 1,685 | 1,506 | 1,756 | 1,960 | 2,231 | 2,518 |
| Operating Margin | 8.67% | 7.68% | 9.58% | 7.67% | 7.6% | 7.67% | 8.1% | 8.7% |
| Earnings before Tax (EBT) 1 | 1,512 | 1,333 | 1,694 | 1,500 | 1,811 | 1,879 | 2,150 | 2,410 |
| Net income 1 | 981.1 | 849.4 | 1,265 | 1,007 | 1,099 | 1,298 | 1,490 | 1,779 |
| Net margin | 5.74% | 5.03% | 7.19% | 5.13% | 4.75% | 5.08% | 5.42% | 6.14% |
| EPS 2 | 1.570 | 1.360 | 2.020 | 1.240 | 1.350 | 1.590 | 1.830 | 2.180 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1600 | 0.5000 | 0.1230 | 0.2500 | 0.6320 | 0.7200 | 0.6667 | 0.8700 |
| Announcement Date | 26/02/20 | 25/02/21 | 28/04/22 | 27/04/23 | 26/02/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 6,197 | - | 5,684 | 4,990 | 7,311 | 6,950 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income | 512.4 | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - |
| EPS 2 | 0.6300 | 0.4000 | 0.3200 | 0.2744 | 0.3800 | 0.3800 | 0.5100 |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 23/08/23 | 26/10/23 | 26/02/24 | 25/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | - | - | 2,106 | 2,996 | 4,356 | 5,851 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 11.4% | 8.71% | 11.9% | 9.27% | 8.3% | 10.3% | 11.1% | 12.4% |
| ROA (Net income/ Total Assets) | 5.88% | 4.69% | 6.18% | 4.5% | 4.37% | 4.65% | 5% | - |
| Assets 1 | 16,697 | 18,119 | 20,450 | 22,394 | 25,120 | 27,906 | 29,809 | - |
| Book Value Per Share 2 | 14.60 | 16.50 | 17.30 | 13.60 | 15.10 | 15.90 | 16.60 | 18.30 |
| Cash Flow per Share 2 | 3.210 | 4.580 | 3.620 | 2.210 | 3.710 | 4.780 | 3.020 | - |
| Capex 1 | 648 | 671 | 893 | 1,327 | 2,170 | 1,547 | 600 | - |
| Capex / Sales | 3.79% | 3.97% | 5.08% | 6.76% | 9.39% | 6.05% | 2.18% | - |
| Announcement Date | 26/02/20 | 25/02/21 | 28/04/22 | 27/04/23 | 26/02/24 | - | - | - |
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
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
12.88
CNY
Average target price
16.65
CNY
Spread / Average Target
+29.27%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.00% | 1.42B | |
| +3.40% | 7.81B | |
| -11.36% | 4.44B | |
| +2.30% | 2.82B | |
| -2.17% | 2.38B | |
| -32.04% | 2.22B | |
| +32.39% | 1.83B | |
| -24.05% | 1.77B | |
| +34.87% | 1.6B | |
| +72.45% | 1.25B |
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