Financials Xiamen Faratronic Co., Ltd.

Equities

600563

CNE000001D72

Electrical Components & Equipment

End-of-day quote Shanghai S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
98.5 CNY -0.48% Intraday chart for Xiamen Faratronic Co., Ltd. +8.38% +6.37%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,126 24,199 52,290 35,973 20,835 22,162 - -
Enterprise Value (EV) 1 10,509 23,456 51,544 34,642 20,262 21,249 20,706 19,971
P/E ratio 24.4 x 43.5 x 63 x 35.8 x 20.4 x 19.7 x 14.3 x 13.4 x
Yield 2.63% 1.21% 0.69% 1.13% 2.16% 2.21% 2.58% 2.97%
Capitalization / Revenue 6.62 x 12.8 x 18.6 x 9.38 x 5.37 x 4.69 x 3.65 x 3.32 x
EV / Revenue 6.25 x 12.4 x 18.3 x 9.03 x 5.22 x 4.5 x 3.41 x 2.99 x
EV / EBITDA 17.1 x 32.1 x 48.1 x 26.8 x 14.8 x 14.9 x 11.3 x 9.73 x
EV / FCF - - - 75.4 x 31 x 74 x 26.8 x 19.1 x
FCF Yield - - - 1.33% 3.22% 1.35% 3.73% 5.22%
Price to Book 4.23 x 8.36 x 15.2 x 8.82 x 4.43 x 4.13 x 3.39 x 2.98 x
Nbr of stocks (in thousands) 225,000 225,000 225,000 225,000 225,000 225,000 - -
Reference price 2 49.45 107.6 232.4 159.9 92.60 98.50 98.50 98.50
Announcement Date 06/04/20 26/03/21 25/03/22 31/03/23 22/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,680 1,891 2,811 3,836 3,880 4,722 6,070 6,682
EBITDA 1 614.2 730.6 1,071 1,292 1,369 1,430 1,836 2,053
EBIT 1 541.1 655.1 977.7 1,155 1,182 1,243 1,654 1,844
Operating Margin 32.2% 34.65% 34.79% 30.1% 30.48% 26.32% 27.24% 27.6%
Earnings before Tax (EBT) 1 542.1 656.5 977.6 1,154 1,185 1,307 1,713 1,915
Net income 1 455.9 555.6 830.6 1,007 1,024 1,127 1,531 1,647
Net margin 27.13% 29.39% 29.55% 26.24% 26.39% 23.87% 25.21% 24.65%
EPS 2 2.030 2.470 3.690 4.470 4.550 5.001 6.893 7.361
Free Cash Flow 1 - - - 459.3 652.9 287 773 1,043
FCF margin - - - 11.97% 16.83% 6.08% 12.73% 15.61%
FCF Conversion (EBITDA) - - - 35.54% 47.7% 20.07% 42.1% 50.8%
FCF Conversion (Net income) - - - 45.62% 63.76% 25.47% 50.51% 63.32%
Dividend per Share 2 1.300 1.300 1.600 1.800 2.000 2.181 2.543 2.921
Announcement Date 06/04/20 26/03/21 25/03/22 31/03/23 22/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - 836.5 789.7 840.1 923.1 1,053 1,020 929.3 1,042 899.7 1,008 980.3 1,042 1,224 1,360
EBITDA 1 - - 261.7 248.9 295.1 314.2 - - - - - 284 - - -
EBIT 1 - - 318.2 243.9 273.4 302.9 334.7 265.4 303.8 256.7 356.6 248.4 263 315 398
Operating Margin - - 40.29% 29.03% 29.62% 28.76% 32.83% 28.55% 29.14% 28.53% 35.37% 25.34% 25.23% 25.74% 29.27%
Earnings before Tax (EBT) 1 - - - - 273.1 303.2 334.5 266.1 304.1 257.1 357.8 250 287 340 464
Net income 1 - 230.3 - - 227.7 259.4 315.3 231.2 259.9 223.5 309.5 215.6 246 294 401
Net margin - 27.53% - - 24.66% 24.62% 30.93% 24.88% 24.93% 24.84% 30.69% 21.99% 23.6% 24.03% 29.49%
EPS 2 1.100 - 1.240 0.9080 1.010 1.150 1.400 1.030 1.150 1.000 1.370 0.9600 1.095 1.310 1.784
Dividend per Share 2 - - 1.600 - - - 1.800 - - - - - 2.000 - -
Announcement Date 06/04/20 28/08/20 25/03/22 22/04/22 19/08/22 28/10/22 31/03/23 27/04/23 25/08/23 27/10/23 22/03/24 29/04/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 617 743 746 1,331 573 914 1,457 2,191
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - 459 653 287 773 1,043
ROE (net income / shareholders' equity) 18.2% 20.5% 26.7% 27.2% 23.7% 22.4% 23.5% 23.3%
ROA (Net income/ Total Assets) - 16.1% - 19.5% - 16.5% 16.9% 17.3%
Assets 1 - 3,441 - 5,156 - 6,846 9,079 9,519
Book Value Per Share 2 11.70 12.90 15.30 18.10 20.90 23.90 29.00 33.00
Cash Flow per Share 2 2.710 1.580 4.030 4.630 5.000 5.470 6.250 7.330
Capex 1 86.8 131 302 582 472 426 441 356
Capex / Sales 5.16% 6.95% 10.74% 15.17% 12.17% 9.03% 7.26% 5.33%
Announcement Date 06/04/20 26/03/21 25/03/22 31/03/23 22/03/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
D
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
98.5 CNY
Average target price
129.2 CNY
Spread / Average Target
+31.13%
Consensus
  1. Stock Market
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  3. 600563 Stock
  4. Financials Xiamen Faratronic Co., Ltd.