Financials Suzhou Etron Technologies Co.,Ltd.

Equities

603380

CNE100002QT7

Electronic Equipment & Parts

End-of-day quote Shanghai S.E. 23:00:00 27/06/2024 BST 5-day change 1st Jan Change
20.08 CNY +1.98% Intraday chart for Suzhou Etron Technologies Co.,Ltd. -3.37% -21.59%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,464 2,672 3,264 6,126 4,219 4,062
Enterprise Value (EV) 1 2,072 2,215 2,757 5,802 4,189 3,955
P/E ratio 24.4 x 21.1 x 19.8 x 27 x 23.3 x 30.5 x
Yield 1.43% 1.5% 1.57% 0.5% 0.54% 1.02%
Capitalization / Revenue 2.59 x 2.6 x 2.53 x 3.5 x 2.14 x 2.12 x
EV / Revenue 2.18 x 2.16 x 2.14 x 3.31 x 2.12 x 2.06 x
EV / EBITDA 17.6 x 14.2 x 13.9 x 20.6 x 17.5 x 19.9 x
EV / FCF -59.8 x 6.78 x 97 x -34.8 x -14.9 x 68.7 x
FCF Yield -1.67% 14.8% 1.03% -2.88% -6.71% 1.46%
Price to Book 3.23 x 3.12 x 3.33 x 5.46 x 3.33 x 3.01 x
Nbr of stocks (in thousands) 160,000 160,000 160,000 159,944 161,404 158,604
Reference price 2 15.40 16.70 20.40 38.30 26.14 25.61
Announcement Date 28/03/19 16/04/20 22/04/21 01/04/22 27/04/23 25/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 951.2 1,027 1,289 1,752 1,973 1,917
EBITDA 1 117.7 155.7 198.9 281.2 239.7 199.2
EBIT 1 92.02 123 164 239.9 186.9 118.9
Operating Margin 9.67% 11.97% 12.72% 13.7% 9.47% 6.2%
Earnings before Tax (EBT) 1 114.4 145 189.1 261.9 198.5 148.8
Net income 1 101.6 127.2 165.6 227.4 178.5 133.3
Net margin 10.68% 12.38% 12.85% 12.98% 9.05% 6.95%
EPS 2 0.6300 0.7900 1.030 1.420 1.120 0.8400
Free Cash Flow 1 -34.64 326.8 28.42 -166.8 -281.2 57.58
FCF margin -3.64% 31.81% 2.21% -9.52% -14.25% 3%
FCF Conversion (EBITDA) - 209.92% 14.29% - - 28.9%
FCF Conversion (Net income) - 257.02% 17.17% - - 43.2%
Dividend per Share 2 0.2200 0.2500 0.3200 0.1900 0.1400 0.2600
Announcement Date 28/03/19 16/04/20 22/04/21 01/04/22 27/04/23 25/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 392 457 507 324 30.4 107
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -34.6 327 28.4 -167 -281 57.6
ROE (net income / shareholders' equity) 13.9% 15.7% 18% 21.9% 15.4% 10.5%
ROA (Net income/ Total Assets) 5.84% 6.97% 8.04% 9.5% 6.15% 3.43%
Assets 1 1,740 1,824 2,061 2,393 2,904 3,883
Book Value Per Share 2 4.770 5.350 6.120 7.020 7.840 8.520
Cash Flow per Share 2 0.7100 0.8700 1.490 1.370 1.320 2.020
Capex 1 87.9 63.8 116 199 247 158
Capex / Sales 9.24% 6.21% 9.02% 11.38% 12.53% 8.24%
Announcement Date 28/03/19 16/04/20 22/04/21 01/04/22 27/04/23 25/04/24
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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