Financials Shinelong Automotive Lightweight Application Limited

Equities

1930

KYG8105A1076

Auto, Truck & Motorcycle Parts

Delayed Hong Kong S.E. 02:32:52 06/05/2024 BST 5-day change 1st Jan Change
0.315 HKD +6.78% Intraday chart for Shinelong Automotive Lightweight Application Limited +12.50% -3.08%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 1,050 438.8 164 200.2 194.8
Enterprise Value (EV) 1 977.5 349.9 78.19 167.5 172.3
P/E ratio 38.9 x 15.5 x 7.77 x 11.7 x 9.53 x
Yield 0.35% 0.46% 0.94% 0.69% 0.74%
Capitalization / Revenue 4.56 x 2.16 x 0.74 x 1.01 x 0.89 x
EV / Revenue 4.25 x 1.72 x 0.35 x 0.84 x 0.79 x
EV / EBITDA 24.8 x 8.65 x 3.12 x 6.19 x 5.69 x
EV / FCF -30.6 x 17.2 x -43.2 x -3.46 x -15.9 x
FCF Yield -3.26% 5.81% -2.32% -28.9% -6.29%
Price to Book 4 x 1.54 x 0.54 x 0.62 x 0.57 x
Nbr of stocks (in thousands) 660,000 660,000 660,000 657,174 659,624
Reference price 2 1.591 0.6649 0.2485 0.3047 0.2954
Announcement Date 14/04/20 20/04/21 20/04/22 24/04/23 22/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 217.2 230.2 203.4 222.2 198.5 218.7
EBITDA 1 46.11 39.42 40.44 25.02 27.07 30.27
EBIT 1 37.9 30.49 31.3 14.86 15.46 18.72
Operating Margin 17.45% 13.25% 15.39% 6.69% 7.78% 8.56%
Earnings before Tax (EBT) 1 38.07 31.38 34.09 25.63 18.61 24.69
Net income 1 31.35 23.71 28.35 21.2 17.31 20.55
Net margin 14.43% 10.3% 13.93% 9.54% 8.72% 9.4%
EPS 2 0.0635 0.0409 0.0430 0.0320 0.0260 0.0310
Free Cash Flow 1 -1.998 -31.9 20.33 -1.811 -48.46 -10.84
FCF margin -0.92% -13.86% 9.99% -0.82% -24.41% -4.96%
FCF Conversion (EBITDA) - - 50.28% - - -
FCF Conversion (Net income) - - 71.73% - - -
Dividend per Share - 0.005620 0.003090 0.002330 0.002100 0.002190
Announcement Date 14/04/20 14/04/20 20/04/21 20/04/22 24/04/23 22/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 8.22 72.4 88.9 85.8 32.7 22.5
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -2 -31.9 20.3 -1.81 -48.5 -10.8
ROE (net income / shareholders' equity) 26.3% 12% 10.4% 7.19% 5.64% 6.38%
ROA (Net income/ Total Assets) 8.22% 5.28% 4.4% 1.92% 1.83% 1.97%
Assets 1 381.4 449.5 644.9 1,104 948.5 1,042
Book Value Per Share 2 0.2700 0.4000 0.4300 0.4600 0.4900 0.5200
Cash Flow per Share 2 0.0300 0.1300 0.1500 0.1500 0.0800 0.0600
Capex 1 20.9 4.76 20.7 11.6 48.2 59.6
Capex / Sales 9.63% 2.07% 10.19% 5.24% 24.26% 27.24%
Announcement Date 14/04/20 14/04/20 20/04/21 20/04/22 24/04/23 22/04/24
1CNY in Million2CNY
Estimates
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