Financials Aecc Aero-Engine Control Co.,Ltd.

Equities

000738

CNE000000RM5

Aerospace & Defense

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-07 pm EDT			5-day change	1st Jan Change
20.31 ^CNY	+1.55%		+3.83%	+2.06%

Apr. 26	AECC Aero Engine Control's Profit, Operating Income Rise in Q1	MT
Apr. 25	Aecc Aero-Engine Control Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	26,270	39,824	33,721	26,172	26,711	-	-
Enterprise Value (EV) ¹	26,270	39,824	33,721	26,172	26,711	26,711	26,711
P/E ratio	71.5 x	75.7 x	49.3 x	36.2 x	31.3 x	24.4 x	21.7 x
Yield	-	0.15%	0.21%	0.83%	0.34%	0.71%	0.49%
Capitalization / Revenue	-	9.58 x	6.82 x	4.92 x	4.54 x	3.76 x	3.51 x
EV / Revenue	-	9.58 x	6.82 x	4.92 x	4.54 x	3.76 x	3.51 x
EV / EBITDA	-	38.4 x	26.1 x	19.9 x	17.9 x	14.7 x	13.7 x
EV / FCF	-	207,861,936 x	-	-	-	-	-
FCF Yield	-	0%	-	-	-	-	-
Price to Book	-	3.78 x	3.02 x	2.21 x	2.13 x	1.98 x	1.85 x
Nbr of stocks (in thousands)	1,145,642	1,315,184	1,315,184	1,315,184	1,315,184	-	-
Reference price ²	22.93	30.28	25.64	19.90	20.31	20.31	20.31
Announcement Date	3/29/21	4/1/22	3/28/23	3/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	4,157	4,942	5,324	5,882	7,096	7,601
EBITDA ¹	-	1,038	1,292	1,318	1,493	1,811	1,956
EBIT ¹	-	600.3	791.4	826.2	972	1,269	1,407
Operating Margin	-	14.44%	16.02%	15.52%	16.52%	17.88%	18.51%
Earnings before Tax (EBT) ¹	-	595.7	794.5	844.6	982.8	1,276	1,420
Net income ¹	367.6	487.6	688.4	726.6	850.6	1,093	1,228
Net margin	-	11.73%	13.93%	13.65%	14.46%	15.4%	16.15%
EPS ²	0.3208	0.4000	0.5200	0.5500	0.6480	0.8329	0.9360
Free Cash Flow	-	191.6	-	-	-	-	-
FCF margin	-	4.61%	-	-	-	-	-
FCF Conversion (EBITDA)	-	18.45%	-	-	-	-	-
FCF Conversion (Net income)	-	39.29%	-	-	-	-	-
Dividend per Share ²	-	0.0450	0.0530	0.1660	0.0700	0.1433	0.1000
Announcement Date	3/29/21	4/1/22	3/28/23	3/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	407.6
Net margin	-
EPS ²	0.3099
Dividend per Share	-
Announcement Date	8/24/22

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	192	-	-	-	-	-
ROE (net income / shareholders' equity)	-	5.76%	6.35%	6.32%	6.77%	8.22%	8.47%
ROA (Net income/ Total Assets)	-	4.17%	4.71%	-	5.38%	6.3%	6.55%
Assets ¹	-	11,702	14,604	-	15,811	17,347	18,760
Book Value Per Share ²	-	8.010	8.490	8.990	9.520	10.30	11.00
Cash Flow per Share ²	-	0.7300	0.6000	0.7500	0.6600	0.8400	0.8600
Capex ¹	-	703	681	1,011	836	529	581
Capex / Sales	-	16.9%	13.78%	18.99%	14.21%	7.46%	7.65%
Announcement Date	3/29/21	4/1/22	3/28/23	3/26/24	-	-	-

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

Ratings for Aecc Aero-Engine Control Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

20.31 CNY

Average target price

29.5 CNY

Spread / Average Target

+45.25%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Aircraft Parts Manufacturing

	1st Jan change	Capi.
AECC AERO-ENGINE CONTROL CO.,LTD.	+2.06%	3.7B
TRANSDIGM GROUP INC.	+29.99%	73.59B
HOWMET AEROSPACE INC.	+50.44%	33.23B
HEICO CORPORATION	+17.11%	25.47B
MTU AERO ENGINES AG	+19.13%	13.43B
AECC AVIATION POWER CO.,LTD	-4.41%	13.18B
CURTISS-WRIGHT CORPORATION	+23.09%	10.5B
AVIC AIRBORNE SYSTEMS CO., LTD.	-5.77%	8.32B
MEGGITT PLC	-.--%	7.35B
SPIRIT AEROSYSTEMS HOLDINGS, INC.	-2.77%	3.6B

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