Financials Anfu CE LINK Limited

Equities

300787

CNE100003N50

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
11.19 CNY +2.29% Intraday chart for Anfu CE LINK Limited +0.21% -20.17%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 8,003 5,300 4,125 4,062 3,800
Enterprise Value (EV) 1 7,488 5,257 4,469 3,816 3,576
P/E ratio 56.2 x 46.7 x 22.2 x 12.6 x 29.5 x
Yield 0.53% 0.84% 1.85% 3.68% 1.66%
Capitalization / Revenue 7.25 x 3.39 x 1.98 x 1.7 x 2 x
EV / Revenue 6.79 x 3.36 x 2.15 x 1.6 x 1.88 x
EV / EBITDA 60.2 x 29.5 x 16.6 x 8.78 x 15.7 x
EV / FCF -41.7 x -10.7 x -10.4 x 6.34 x -24.5 x
FCF Yield -2.4% -9.35% -9.6% 15.8% -4.08%
Price to Book 7.09 x 4.4 x 3.04 x 2.63 x 2.21 x
Nbr of stocks (in thousands) 275,011 275,011 275,011 269,107 271,129
Reference price 2 29.10 19.27 15.00 15.09 14.02
Announcement Date 4/8/20 4/1/21 3/21/22 4/25/23 4/25/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,130 1,104 1,566 2,080 2,386 1,903
EBITDA 1 140 124.4 178.1 269.2 434.6 228.3
EBIT 1 117.2 91.29 124.5 188.1 333.8 116.1
Operating Margin 10.37% 8.27% 7.95% 9.04% 13.99% 6.1%
Earnings before Tax (EBT) 1 132.7 126.5 123 183.6 375.6 136.7
Net income 1 116.6 118.7 113.5 186 326 128.8
Net margin 10.31% 10.76% 7.25% 8.94% 13.66% 6.77%
EPS 2 0.5652 0.5181 0.4127 0.6764 1.196 0.4748
Free Cash Flow 1 -88.1 -179.4 -491.7 -429.1 601.9 -146
FCF margin -7.79% -16.26% -31.41% -20.63% 25.23% -7.67%
FCF Conversion (EBITDA) - - - - 138.5% -
FCF Conversion (Net income) - - - - 184.64% -
Dividend per Share - 0.1543 0.1620 0.2778 0.5556 0.2333
Announcement Date 7/28/19 4/8/20 4/1/21 3/21/22 4/25/23 4/25/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 344 - -
Net Cash position 1 97.7 515 43.2 - 246 225
Leverage (Debt/EBITDA) - - - 1.279 x - -
Free Cash Flow 1 -88.1 -179 -492 -429 602 -146
ROE (net income / shareholders' equity) 25% 14.5% 9.73% 14.5% 22.3% 7.85%
ROA (Net income/ Total Assets) 9.58% 4.82% 4.46% 5.27% 8.02% 2.43%
Assets 1 1,218 2,461 2,547 3,529 4,064 5,302
Book Value Per Share 2 2.450 4.100 4.380 4.930 5.750 6.340
Cash Flow per Share 2 0.4800 2.040 1.000 0.9800 2.840 3.620
Capex 1 153 248 488 351 119 443
Capex / Sales 13.53% 22.44% 31.19% 16.87% 4.99% 23.3%
Announcement Date 7/28/19 4/8/20 4/1/21 3/21/22 4/25/23 4/25/24
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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