Financials Sinomag Technology Co., Ltd.

Equities

300835

CNE100003XZ8

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 23:00:00 08/05/2024 BST 5-day change 1st Jan Change
26.02 CNY +3.71% Intraday chart for Sinomag Technology Co., Ltd. +8.33% -10.31%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 3,505 5,099 4,270 3,431
Enterprise Value (EV) 1 3,409 5,088 4,480 3,666
P/E ratio 45.9 x 39 x 40.9 x 46.8 x
Yield 1.41% 0.28% 0.56% 0.69%
Capitalization / Revenue 6.27 x 6.34 x 4.6 x 3.21 x
EV / Revenue 6.1 x 6.32 x 4.83 x 3.43 x
EV / EBITDA 32.9 x 27 x 31.3 x 21.1 x
EV / FCF -47.1 x -57.8 x -46.5 x 123 x
FCF Yield -2.12% -1.73% -2.15% 0.81%
Price to Book 4.19 x 5.35 x 4.28 x 3.27 x
Nbr of stocks (in thousands) 120,139 120,139 118,610 118,263
Reference price 2 29.18 42.44 36.00 29.01
Announcement Date 26/03/21 14/03/22 30/03/23 23/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 531.2 551 559.1 804.7 927.8 1,070
EBITDA 1 128.5 117.4 103.7 188.2 143.2 173.4
EBIT 1 103.6 86.23 67.97 147.2 93.25 99.58
Operating Margin 19.49% 15.65% 12.16% 18.29% 10.05% 9.3%
Earnings before Tax (EBT) 1 95.01 98.43 75.96 149.4 112.6 81.84
Net income 1 80.85 84.63 68.22 131 105.1 73.89
Net margin 15.22% 15.36% 12.2% 16.28% 11.33% 6.9%
EPS 2 1.530 0.9412 0.6353 1.088 0.8800 0.6200
Free Cash Flow 1 -7.159 -30 -72.43 -88.09 -96.35 29.86
FCF margin -1.35% -5.45% -12.95% -10.95% -10.38% 2.79%
FCF Conversion (EBITDA) - - - - - 17.22%
FCF Conversion (Net income) - - - - - 40.41%
Dividend per Share - - 0.4118 0.1176 0.2000 0.2000
Announcement Date 25/03/19 11/05/20 26/03/21 14/03/22 30/03/23 23/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 91.5 105 - - 210 235
Net Cash position 1 - - 96 10.4 - -
Leverage (Debt/EBITDA) 0.7123 x 0.8978 x - - 1.464 x 1.355 x
Free Cash Flow 1 -7.16 -30 -72.4 -88.1 -96.4 29.9
ROE (net income / shareholders' equity) 21.3% 17.7% 9.94% 14.6% 10.8% 7.31%
ROA (Net income/ Total Assets) 10.2% 7.16% 4.49% 7.99% 4.03% 3.29%
Assets 1 791.5 1,182 1,520 1,639 2,610 2,244
Book Value Per Share 2 7.940 5.940 6.970 7.930 8.410 8.880
Cash Flow per Share 2 0.4400 0.5000 1.160 1.090 0.8300 1.710
Capex 1 90.3 55.2 87.3 129 231 134
Capex / Sales 16.99% 10.01% 15.61% 16.08% 24.93% 12.51%
Announcement Date 25/03/19 11/05/20 26/03/21 14/03/22 30/03/23 23/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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