BEAR ELECTRIC APPLIANCE CO.,LTD. Financials Bear Electric Appliance Co.,Ltd.
Equities
002959
CNE100003N27
Appliances, Tools & Housewares
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 57.35 CNY | -2.90% |
|
-1.92% | +10.44% |
| Apr. 26 | Bear Electric Appliance Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 09 | Bear Electric Appliance Co.,Ltd. Proposes Final Dividend for the Year 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,328 | 17,683 | 9,992 | 9,326 | 8,054 | 8,907 | - | - |
| Enterprise Value (EV) 1 | 8,328 | 17,683 | 9,992 | 7,891 | 7,017 | 7,218 | 6,957 | 6,657 |
| P/E ratio | 31.1 x | 41.3 x | 35.2 x | 24.4 x | 18.4 x | 18.3 x | 16.3 x | 14.4 x |
| Yield | - | 1.06% | 0.94% | 1.33% | 2.31% | 2.26% | 2.66% | 3.28% |
| Capitalization / Revenue | 3.1 x | 4.83 x | 2.77 x | 2.26 x | 1.71 x | 1.71 x | 1.53 x | 1.38 x |
| EV / Revenue | 3.1 x | 4.83 x | 2.77 x | 1.92 x | 1.49 x | 1.38 x | 1.2 x | 1.03 x |
| EV / EBITDA | 21.7 x | 33.4 x | 22.1 x | 12.7 x | 10.9 x | 11.2 x | 8.91 x | 7.38 x |
| EV / FCF | - | 19.6 x | -39.4 x | 25.4 x | 26.9 x | 19.5 x | 10.1 x | 10.1 x |
| FCF Yield | - | 5.1% | -2.54% | 3.93% | 3.72% | 5.14% | 9.95% | 9.94% |
| Price to Book | 5 x | 8.96 x | 4.83 x | 4.12 x | 3.06 x | 2.96 x | 2.67 x | 2.4 x |
| Nbr of stocks (in thousands) | 156,000 | 156,000 | 156,444 | 154,611 | 155,100 | 155,313 | - | - |
| Reference price 2 | 53.38 | 113.4 | 63.87 | 60.32 | 51.93 | 57.35 | 57.35 | 57.35 |
| Announcement Date | 2/25/20 | 4/28/21 | 4/8/22 | 2/16/23 | 4/8/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,688 | 3,660 | 3,606 | 4,118 | 4,712 | 5,214 | 5,810 | 6,467 |
| EBITDA 1 | 383.6 | 529.6 | 451.9 | 620.3 | 645.1 | 644.3 | 780.6 | 901.7 |
| EBIT 1 | 331.8 | 520.1 | 333.8 | 486.8 | 492.4 | 569.5 | 640.4 | 722.1 |
| Operating Margin | 12.34% | 14.21% | 9.26% | 11.82% | 10.45% | 10.92% | 11.02% | 11.17% |
| Earnings before Tax (EBT) 1 | 332.1 | 518.4 | 329.5 | 454.9 | 514.7 | 578.2 | 645.7 | 730.5 |
| Net income 1 | 268.2 | 428.1 | 283.4 | 386.3 | 445.3 | 491.9 | 550.3 | 623.1 |
| Net margin | 9.98% | 11.7% | 7.86% | 9.38% | 9.45% | 9.43% | 9.47% | 9.63% |
| EPS 2 | 1.719 | 2.744 | 1.817 | 2.475 | 2.823 | 3.139 | 3.510 | 3.972 |
| Free Cash Flow 1 | - | 901 | -253.9 | 310.4 | 261 | 371 | 692 | 662 |
| FCF margin | - | 24.62% | -7.04% | 7.54% | 5.54% | 7.12% | 11.91% | 10.24% |
| FCF Conversion (EBITDA) | - | 170.11% | - | 50.04% | 40.47% | 57.59% | 88.65% | 73.42% |
| FCF Conversion (Net income) | - | 210.44% | - | 80.34% | 58.62% | 75.42% | 125.74% | 106.24% |
| Dividend per Share 2 | - | 1.200 | 0.6000 | 0.8000 | 1.200 | 1.297 | 1.525 | 1.880 |
| Announcement Date | 2/25/20 | 4/28/21 | 4/8/22 | 2/16/23 | 4/8/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,242 | - | 871.3 | 1,848 | 850.3 | 1,419 | 1,251 | 1,090 | 2,341 | 976.9 | 1,394 | 1,194 | 1,110 | 1,069 | 1,611 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | - | - | 174.3 | 201.7 | 68.77 | 270.4 | 69.75 | 152.2 | 178.8 | 100.7 | 99.51 | 176.2 |
| Operating Margin | - | - | - | - | - | 12.28% | 16.12% | 6.31% | 11.55% | 7.14% | 10.92% | 14.98% | 9.08% | 9.31% | 10.93% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 94.42 | 104.2 | 44.1 | 148.3 | 92.19 | - | - | 71.86 | 236.7 | - | 129.7 | 150.8 | - | - | - |
| Net margin | 7.6% | - | 5.06% | 8.02% | 10.84% | - | - | 6.59% | 10.11% | - | 9.31% | 12.63% | - | - | - |
| EPS 2 | - | 0.6677 | - | - | - | 0.9333 | 1.033 | 0.4705 | 1.503 | 0.5125 | 0.8093 | 0.9476 | 0.5900 | 0.6600 | 0.9400 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 4/8/22 | 4/28/22 | 8/30/22 | 8/30/22 | 10/27/22 | 2/16/23 | 4/28/23 | 8/26/23 | 8/26/23 | 10/27/23 | 4/8/24 | 4/26/24 | - | - | - |
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 | - | - | - | 1,435 | 1,037 | 1,689 | 1,950 | 2,250 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 901 | -254 | 310 | 261 | 371 | 692 | 662 |
| ROE (net income / shareholders' equity) | 29.6% | 23.7% | 14.1% | 17.5% | 17.5% | 16.2% | 16.1% | 16.2% |
| ROA (Net income/ Total Assets) | - | 13.8% | 7.75% | 9.1% | - | 8.45% | 8.53% | 8.73% |
| Assets 1 | - | 3,112 | 3,654 | 4,245 | - | 5,822 | 6,456 | 7,135 |
| Book Value Per Share 2 | 10.70 | 12.60 | 13.20 | 14.60 | 17.00 | 19.40 | 21.50 | 23.90 |
| Cash Flow per Share 2 | 2.610 | 7.740 | 1.090 | 3.930 | 4.360 | 3.990 | 5.580 | 5.240 |
| Capex 1 | 224 | 307 | 425 | 303 | 424 | 258 | 212 | 197 |
| Capex / Sales | 8.34% | 8.38% | 11.79% | 7.36% | 8.99% | 4.94% | 3.66% | 3.05% |
| Announcement Date | 2/25/20 | 4/28/21 | 4/8/22 | 2/16/23 | 4/8/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
57.35
CNY
Average target price
66.74
CNY
Spread / Average Target
+16.38%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.44% | 1.27B | |
| +17.23% | 10.12B | |
| +5.72% | 2.21B | |
| +22.74% | 1.93B | |
| -4.21% | 1.17B | |
| -1.42% | 954M | |
| +23.02% | 459M | |
| -21.87% | 440M | |
| -14.98% | 412M | |
| -5.43% | 408M |
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