Financials Ningbo Yongxin Optics Co.,Ltd

Equities

603297

CNE100003J23

Office Equipment

End-of-day quote Shanghai S.E. 23:00:00 05/05/2024 BST 5-day change 1st Jan Change
75.4 CNY +2.33% Intraday chart for Ningbo Yongxin Optics Co.,Ltd +3.34% -24.11%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,795 3,993 13,378 9,171 11,045 8,382 - -
Enterprise Value (EV) 1 3,795 3,993 12,793 8,938 10,267 7,515 7,901 8,382
P/E ratio - 24.6 x 50.9 x 32.8 x 46.4 x 26.8 x 20 x 15.2 x
Yield - 1.47% 0.74% 1.16% 0.96% 1.23% 1.34% 1.23%
Capitalization / Revenue 6.62 x 6.93 x 16.8 x 11.1 x 12.9 x 7.29 x 5.25 x 3.98 x
EV / Revenue 6.62 x 6.93 x 16.1 x 10.8 x 12 x 6.54 x 4.95 x 3.98 x
EV / EBITDA 21.6 x 29.5 x 39.4 x 26.8 x 35.8 x 23 x 17.3 x 15.3 x
EV / FCF - - 65.5 x 120 x 75.3 x 34.2 x 43.5 x 24.6 x
FCF Yield - - 1.53% 0.84% 1.33% 2.92% 2.3% 4.06%
Price to Book 3.36 x 3.17 x 9.06 x 5.5 x 6.09 x 4.01 x 3.4 x 2.82 x
Nbr of stocks (in thousands) 109,200 110,530 110,495 110,478 111,171 111,170 - -
Reference price 2 34.75 36.13 121.1 83.01 99.35 75.40 75.40 75.40
Announcement Date 28/04/20 13/04/21 03/03/22 24/04/23 26/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 573 576.4 795.1 829.1 854.1 1,150 1,595 2,105
EBITDA 1 175.5 135.5 324.4 333.1 286.7 327.4 455.5 548.4
EBIT 1 159.7 184 303.1 308.8 252.4 339.3 473.8 598.1
Operating Margin 27.87% 31.92% 38.12% 37.25% 29.55% 29.51% 29.7% 28.41%
Earnings before Tax (EBT) 1 - 186 304.5 308 251.8 339.3 459.6 597.7
Net income 1 - 161.7 261.5 279 235.4 313.7 418.3 550
Net margin - 28.05% 32.89% 33.65% 27.55% 27.29% 26.22% 26.13%
EPS 2 - 1.470 2.380 2.530 2.140 2.818 3.775 4.950
Free Cash Flow 1 - - 195.3 74.74 136.4 219.6 181.7 340.4
FCF margin - - 24.56% 9.01% 15.97% 19.1% 11.39% 16.17%
FCF Conversion (EBITDA) - - 60.19% 22.43% 47.58% 67.08% 39.89% 62.07%
FCF Conversion (Net income) - - 74.68% 26.79% 57.96% 70.01% 43.44% 61.88%
Dividend per Share 2 - 0.5300 0.9000 0.9600 0.9550 0.9300 1.010 0.9300
Announcement Date 28/04/20 13/04/21 03/03/22 24/04/23 26/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 214.1 - 221.3 417.2 - - - - 463.4 - - - -
EBITDA - - - - - - - - - - - - -
EBIT 53.64 - 80.84 152.9 - - - - 126.9 - - - -
Operating Margin 25.05% - 36.53% 36.64% - - - - 27.38% - - - -
Earnings before Tax (EBT) 53.81 - 80.09 152.1 - - - - 126.5 - - - -
Net income 43.59 - 80.09 142.3 - - - - 119.5 - - - -
Net margin 20.36% - 36.19% 34.1% - - - - 25.78% - - - -
EPS 1 0.4300 0.5600 0.7400 1.300 0.4300 0.6200 0.5200 0.5700 1.090 0.4100 0.5700 0.5500 0.7400
Dividend per Share - - - - - - - - - - - - -
Announcement Date 03/03/22 30/10/22 24/04/23 24/04/23 24/04/23 28/08/23 30/10/23 26/04/24 26/04/24 26/04/24 - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - 584 233 778 867 481 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 195 74.7 136 220 182 340
ROE (net income / shareholders' equity) 12.9% 13.6% 19.2% 17.9% 13.6% 15.2% 17.3% 18.5%
ROA (Net income/ Total Assets) 11.5% 11.9% 16.2% 14.6% - 13.1% 15% 15.4%
Assets 1 - 1,364 1,618 1,913 - 2,392 2,797 3,582
Book Value Per Share 2 10.30 11.40 13.40 15.10 16.30 18.80 22.20 26.80
Cash Flow per Share 2 1.210 1.710 1.570 1.960 1.970 2.160 3.090 2.900
Capex 1 84.1 57.7 72.2 141 82.6 66.6 90.2 55
Capex / Sales 14.68% 10.01% 9.08% 17.05% 9.67% 5.79% 5.65% 2.61%
Announcement Date 28/04/20 13/04/21 03/03/22 24/04/23 26/04/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
75.4 CNY
Average target price
95 CNY
Spread / Average Target
+25.99%
Consensus
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