Financials Yutong Heavy Industries Co.,Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 23:00:00 12/05/2024 BST			5-day change	1st Jan Change
9.98 ^CNY	-1.29%		+1.01%	+3.96%

04-29	Yutong Heavy Industries Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-01	Yutong Heavy Industries Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,170	7,678	7,341	4,861	5,146	5,349	-	-
Enterprise Value (EV) ¹	1,170	7,678	7,341	4,861	5,146	5,349	5,349	5,349
P/E ratio	-	24.9 x	18.1 x	12.2 x	24 x	19.2 x	16.6 x	14.3 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	20.1 x	2.2 x	1.95 x	1.36 x	1.77 x	1.65 x	1.49 x	1.35 x
EV / Revenue	20.1 x	2.2 x	1.95 x	1.36 x	1.77 x	1.65 x	1.49 x	1.35 x
EV / EBITDA	-	15.9 x	12.8 x	8.41 x	15.1 x	13.4 x	11.7 x	10.3 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	4.38 x	3.32 x	2 x	2.12 x	2.13 x	2.04 x	1.91 x
Nbr of stocks (in thousands)	160,910	522,283	539,373	546,180	536,019	536,019	-	-
Reference price ²	7.270	14.70	13.61	8.900	9.600	9.980	9.980	9.980
Announcement Date	09/03/20	01/04/21	30/03/22	03/04/23	01/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	58.11	3,484	3,757	3,585	2,907	3,244	3,600	3,967
EBITDA ¹	-	482.1	572.7	578	341.9	398.3	456.5	520.2
EBIT ¹	-	381.4	475	481.2	254	331.1	379.7	440.6
Operating Margin	-	10.95%	12.64%	13.42%	8.74%	10.21%	10.55%	11.11%
Earnings before Tax (EBT) ¹	-	394.7	485.6	493.7	256.4	333.5	382.1	443
Net income ¹	1.852	294.2	392.9	385.6	218.4	284.2	325.6	377.4
Net margin	3.19%	8.44%	10.46%	10.76%	7.51%	8.76%	9.04%	9.51%
EPS ²	-	0.5900	0.7500	0.7300	0.4000	0.5200	0.6000	0.7000
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	09/03/20	01/04/21	30/03/22	03/04/23	01/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	22.2%	19.8%	16.8%	9.96%	10.8%	11.8%	12.8%
ROA (Net income/ Total Assets)	-	7.2%	-	-	-	-	-	-
Assets ¹	-	4,086	-	-	-	-	-	-
Book Value Per Share ²	-	3.350	4.100	4.450	4.530	4.680	4.900	5.220
Cash Flow per Share ²	-	0.8900	0.1600	-0.1700	0.0700	0.1900	0.3800	0.5000
Capex ¹	-	34.7	41.6	30.6	20.2	22.5	23.5	23.9
Capex / Sales	-	1%	1.11%	0.85%	0.7%	0.69%	0.65%	0.6%
Announcement Date	09/03/20	01/04/21	30/03/22	03/04/23	01/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

9.98 CNY

Average target price

10.19 CNY

Spread / Average Target

+2.10%

	1st Jan change	Capi.
YUTONG HEAVY INDUSTRIES CO.,LTD.	+3.96%	740M
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