Financials Autel Intelligent Technology Corp., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-12 pm EDT			5-day change	1st Jan Change
27.67 ^CNY	+4.22%		+2.86%	+16.51%

Apr. 25	Autel Intelligent Technology Corp., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 01	China stocks jump on strong PMI data	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	30,830	35,805	14,256	10,614	11,865	-	-
Enterprise Value (EV) ¹	30,830	35,805	14,256	10,614	11,865	11,865	11,865
P/E ratio	69.9 x	82.7 x	137 x	59.4 x	24 x	17.9 x	14.5 x
Yield	-	0.13%	-	1.68%	1.88%	2.71%	0.19%
Capitalization / Revenue	19.5 x	15.9 x	6.29 x	3.26 x	2.87 x	2.3 x	1.93 x
EV / Revenue	19.5 x	15.9 x	6.29 x	3.26 x	2.87 x	2.3 x	1.93 x
EV / EBITDA	58 x	76.3 x	46.9 x	19.3 x	16.2 x	12.8 x	11.6 x
EV / FCF	-	-113 x	-27.6 x	48.6 x	90.6 x	74.2 x	48 x
FCF Yield	-	-0.89%	-3.62%	2.06%	1.1%	1.35%	2.08%
Price to Book	12.2 x	12.5 x	4.68 x	3.55 x	3.36 x	2.88 x	2.4 x
Nbr of stocks (in thousands)	450,000	450,947	451,870	446,886	446,890	-	-
Reference price ²	68.51	79.40	31.55	23.75	26.55	26.55	26.55
Announcement Date	2/24/21	2/25/22	2/27/23	2/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	1,578	2,254	2,266	3,251	4,130	5,161	6,158
EBITDA ¹	-	531.9	469.2	304.2	550.6	733.3	928.6	1,019
EBIT ¹	-	481.4	397.4	189.3	420.4	493.2	661	778.4
Operating Margin	-	30.51%	17.63%	8.36%	12.93%	11.94%	12.81%	12.64%
Earnings before Tax (EBT) ¹	-	454.5	383.3	188.4	166.9	492.9	660.5	777.7
Net income ¹	327	433.1	438.7	102	179.2	499	669.9	828.5
Net margin	-	27.45%	19.47%	4.5%	5.51%	12.08%	12.98%	13.45%
EPS ²	0.8200	0.9800	0.9600	0.2300	0.4000	1.104	1.486	1.835
Free Cash Flow ¹	-	-	-318.1	-516.6	218.4	131	160	247
FCF margin	-	-	-14.11%	-22.8%	6.72%	3.17%	3.1%	4.01%
FCF Conversion (EBITDA)	-	-	-	-	39.66%	17.86%	17.23%	24.24%
FCF Conversion (Net income)	-	-	-	-	121.83%	26.25%	23.88%	29.81%
Dividend per Share ²	-	-	0.1000	-	0.4000	0.5000	0.7200	0.0500
Announcement Date	4/13/20	2/24/21	2/25/22	2/27/23	2/26/24	-	-	-

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 ¹	-	-	-318	-517	218	131	160	247
ROE (net income / shareholders' equity)	-	19.8%	16.6%	3.48%	5.72%	13.9%	16.1%	16.4%
ROA (Net income/ Total Assets)	-	-	11.9%	-	-	7.7%	9.8%	-
Assets ¹	-	-	3,675	-	-	6,481	6,836	-
Book Value Per Share ²	-	5.630	6.340	6.740	6.690	7.910	9.220	11.10
Cash Flow per Share ²	-	1.270	-0.3200	-0.8500	0.9600	1.070	1.260	-0.3400
Capex ¹	-	-	173	134	216	205	204	206
Capex / Sales	-	-	7.69%	5.9%	6.63%	4.97%	3.96%	3.34%
Announcement Date	4/13/20	2/24/21	2/25/22	2/27/23	2/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

26.55 CNY

Average target price

32.12 CNY

Spread / Average Target

+20.98%

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