Financials Quick Intelligent Equipment Co.,Ltd.

Equities

603203

CNE1000030B5

Electronic Equipment & Parts

End-of-day quote Shanghai S.E. 23:00:00 30/06/2024 BST 5-day change 1st Jan Change
23.18 CNY -1.70% Intraday chart for Quick Intelligent Equipment Co.,Ltd. -1.32% -19.82%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,103 4,359 4,353 7,038 7,362 7,243
Enterprise Value (EV) 1 2,375 3,516 3,418 6,077 6,456 6,435
P/E ratio 19.4 x 25 x 24.6 x 26 x 26.6 x 37.5 x
Yield 1.53% 0.76% 2.88% 3.53% 3.39% 2.08%
Capitalization / Revenue 7.18 x 9.46 x 8.14 x 9.02 x 8.17 x 9.14 x
EV / Revenue 5.49 x 7.63 x 6.39 x 7.79 x 7.16 x 8.12 x
EV / EBITDA 15.2 x 20.5 x 17.5 x 24.2 x 26.7 x 40.1 x
EV / FCF 35 x 35.7 x 32.5 x 52.3 x 48.8 x 98.5 x
FCF Yield 2.85% 2.8% 3.08% 1.91% 2.05% 1.02%
Price to Book 3.56 x 4.4 x 3.83 x 5.46 x 5.25 x 5.27 x
Nbr of stocks (in thousands) 246,972 245,512 244,193 248,148 249,649 250,547
Reference price 2 12.56 17.76 17.83 28.36 29.49 28.91
Announcement Date 26/04/19 24/04/20 29/04/21 29/04/22 28/04/23 29/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 432.4 460.9 535 780.6 901.4 792.6
EBITDA 1 156.3 171.7 194.8 250.8 241.4 160.5
EBIT 1 145.7 158.9 181.3 236.1 225.9 143.2
Operating Margin 33.71% 34.48% 33.89% 30.25% 25.06% 18.07%
Earnings before Tax (EBT) 1 183.7 201.6 194.9 289.5 306.7 204.1
Net income 1 157.1 173.7 177.2 267.7 273.4 191
Net margin 36.33% 37.69% 33.12% 34.29% 30.33% 24.1%
EPS 2 0.6474 0.7115 0.7244 1.092 1.110 0.7700
Free Cash Flow 1 67.78 98.41 105.2 116.1 132.2 65.36
FCF margin 15.68% 21.35% 19.67% 14.88% 14.67% 8.25%
FCF Conversion (EBITDA) 43.37% 57.32% 54.01% 46.31% 54.76% 40.73%
FCF Conversion (Net income) 43.15% 56.65% 59.38% 43.39% 48.36% 34.22%
Dividend per Share 2 0.1927 0.1346 0.5128 1.000 1.000 0.6000
Announcement Date 26/04/19 24/04/20 29/04/21 29/04/22 28/04/23 29/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 728 843 935 961 906 808
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 67.8 98.4 105 116 132 65.4
ROE (net income / shareholders' equity) 19.7% 18.7% 16.5% 22% 20.2% 13.3%
ROA (Net income/ Total Assets) 9.44% 9.05% 8.87% 9.63% 7.97% 4.9%
Assets 1 1,664 1,920 1,998 2,781 3,431 3,901
Book Value Per Share 2 3.530 4.040 4.650 5.190 5.620 5.480
Cash Flow per Share 2 0.8900 1.140 1.320 1.440 2.320 0.6200
Capex 1 19.1 13.3 16.2 7.52 28 69.4
Capex / Sales 4.41% 2.88% 3.03% 0.96% 3.11% 8.76%
Announcement Date 26/04/19 24/04/20 29/04/21 29/04/22 28/04/23 29/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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