Financials Shenzhen New Industries Biomedical Engineering Co., Ltd.

Equities

300832

CNE100003T39

Medical Equipment, Supplies & Distribution

End-of-day quote Shenzhen S.E. 23:00:00 20/06/2024 BST 5-day change 1st Jan Change
70.08 CNY +1.65% Intraday chart for Shenzhen New Industries Biomedical Engineering Co., Ltd. -0.65% -10.38%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 54,455 34,652 39,416 61,443 55,063 - -
Enterprise Value (EV) 1 54,455 34,652 38,934 60,397 53,018 51,968 52,248
P/E ratio 55.5 x 35.6 x 29.7 x 37.2 x 26.7 x 21.2 x 17 x
Yield - 1.36% 1.4% 1.28% 1.78% 2.23% 2.6%
Capitalization / Revenue 24.8 x 13.6 x 12.9 x 15.6 x 11.2 x 8.97 x 7.27 x
EV / Revenue 24.8 x 13.6 x 12.8 x 15.4 x 10.8 x 8.46 x 6.9 x
EV / EBITDA 45.8 x 27.8 x 26.3 x 31.3 x 20.9 x 16.6 x 13.7 x
EV / FCF - - 69.5 x 55.1 x 32.5 x 26.6 x 20.8 x
FCF Yield - - 1.44% 1.81% 3.07% 3.77% 4.8%
Price to Book 11.3 x 6.17 x 6.16 x 8.14 x 6.29 x 5 x 4.09 x
Nbr of stocks (in thousands) 783,465 786,659 786,126 785,719 785,719 - -
Reference price 2 69.51 44.05 50.14 78.20 70.08 70.08 70.08
Announcement Date 30/03/21 21/04/22 06/04/23 11/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,195 2,545 3,047 3,930 4,918 6,140 7,575
EBITDA 1 1,190 1,248 1,479 1,928 2,534 3,123 3,818
EBIT 1 1,099 1,137 1,504 1,895 2,334 2,945 3,675
Operating Margin 50.05% 44.69% 49.35% 48.23% 47.46% 47.96% 48.52%
Earnings before Tax (EBT) 1 1,097 1,136 1,501 1,893 2,362 2,975 3,697
Net income 1 939.1 973.7 1,328 1,654 2,064 2,594 3,231
Net margin 42.79% 38.25% 43.58% 42.08% 41.96% 42.24% 42.65%
EPS 2 1.252 1.239 1.689 2.104 2.627 3.301 4.112
Free Cash Flow 1 - - 559.8 1,096 1,630 1,957 2,508
FCF margin - - 18.37% 27.9% 33.14% 31.87% 33.11%
FCF Conversion (EBITDA) - - 37.85% 56.86% 64.33% 62.67% 65.68%
FCF Conversion (Net income) - - 42.16% 66.29% 78.98% 75.45% 77.62%
Dividend per Share 2 - 0.6000 0.7000 1.000 1.249 1.562 1.819
Announcement Date 30/03/21 21/04/22 06/04/23 11/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales - 989.3 1,865 - 1,022 - - - - - -
EBITDA - - - - - - - - - - -
EBIT - 459.8 865.5 501.4 528.5 - - - - - -
Operating Margin - 46.48% 46.4% - 51.73% - - - - - -
Earnings before Tax (EBT) - 458.8 864.3 501.3 527.5 - - - - - -
Net income 355.1 394.9 750 - - - - - - - -
Net margin - 39.92% 40.21% - - - - - - - -
EPS 1 0.4517 0.5025 0.9542 - - 0.5425 0.6300 0.7100 0.7400 0.7300 0.7900
Dividend per Share - - - - - - - - - - -
Announcement Date 27/04/23 24/08/23 24/08/23 26/10/23 11/04/24 25/04/24 - - - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - - 482 1,047 2,045 3,095 2,815
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - 560 1,096 1,630 1,957 2,508
ROE (net income / shareholders' equity) 22.4% 18.9% 21.9% 23.7% 23.5% 24.3% 24.5%
ROA (Net income/ Total Assets) 21.4% 17% 18.9% 20.3% 22% 22.4% 22.2%
Assets 1 4,382 5,721 7,015 8,142 9,381 11,593 14,532
Book Value Per Share 2 6.130 7.130 8.140 9.600 11.10 14.00 17.20
Cash Flow per Share 2 1.250 0.9800 1.220 1.810 2.860 2.920 3.750
Capex 1 253 343 403 322 374 407 596
Capex / Sales 11.53% 13.46% 13.21% 8.2% 7.61% 6.63% 7.87%
Announcement Date 30/03/21 21/04/22 06/04/23 11/04/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
70.08 CNY
Average target price
85.5 CNY
Spread / Average Target
+22.00%
Consensus
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