HAITIAN INTERNATIONAL HOLDINGS LIMITED Financials Haitian International Holdings Limited
Equities
1882
KYG4232C1087
Industrial Machinery & Equipment
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 27.55 HKD | +1.47% |
|
+7.20% | +42.60% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 26,929 | 36,000 | 28,154 | 29,460 | 28,026 | 39,953 | - | - |
| Enterprise Value (EV) 1 | 26,412 | 33,185 | 19,885 | 24,460 | 22,836 | 33,853 | 32,644 | 30,946 |
| P/E ratio | 15.3 x | 15 x | 9.24 x | 13 x | 11.3 x | 13.9 x | 12.4 x | 11.1 x |
| Yield | 2.13% | 6.09% | 4.38% | 2.61% | 3.46% | 2.77% | 3.09% | 3.41% |
| Capitalization / Revenue | 2.75 x | 3.05 x | 1.76 x | 2.39 x | 2.14 x | 2.7 x | 2.43 x | 2.2 x |
| EV / Revenue | 2.69 x | 2.81 x | 1.24 x | 1.99 x | 1.75 x | 2.29 x | 1.99 x | 1.7 x |
| EV / EBITDA | 10.8 x | 10.4 x | 5.07 x | 8.17 x | 7.18 x | 9.42 x | 8.01 x | 6.89 x |
| EV / FCF | 11.5 x | 14.1 x | 8.74 x | 78 x | 25.4 x | 18.3 x | 14.3 x | 10.6 x |
| FCF Yield | 8.7% | 7.09% | 11.4% | 1.28% | 3.94% | 5.46% | 6.97% | 9.45% |
| Price to Book | 2.05 x | 2.44 x | 1.77 x | 1.73 x | 1.49 x | 1.94 x | 1.77 x | 1.62 x |
| Nbr of stocks (in thousands) | 1,596,000 | 1,596,000 | 1,596,000 | 1,596,000 | 1,596,000 | 1,596,000 | - | - |
| Reference price 2 | 16.87 | 22.56 | 17.64 | 18.46 | 17.56 | 25.03 | 25.03 | 25.03 |
| Announcement Date | 3/16/20 | 3/22/21 | 3/22/22 | 3/20/23 | 3/18/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,810 | 11,800 | 16,018 | 12,308 | 13,069 | 14,799 | 16,422 | 18,168 |
| EBITDA 1 | 2,441 | 3,189 | 3,922 | 2,993 | 3,179 | 3,594 | 4,076 | 4,490 |
| EBIT 1 | 2,143 | 2,873 | 3,597 | 2,632 | 2,788 | 3,128 | 3,552 | 3,948 |
| Operating Margin | 21.85% | 24.35% | 22.45% | 21.39% | 21.33% | 21.14% | 21.63% | 21.73% |
| Earnings before Tax (EBT) 1 | 2,184 | 2,970 | 3,769 | 2,779 | 3,037 | 3,513 | 3,963 | 4,439 |
| Net income 1 | 1,751 | 2,388 | 3,052 | 2,265 | 2,492 | 2,868 | 3,226 | 3,591 |
| Net margin | 17.84% | 20.24% | 19.05% | 18.4% | 19.06% | 19.38% | 19.65% | 19.77% |
| EPS 2 | 1.100 | 1.500 | 1.910 | 1.420 | 1.560 | 1.798 | 2.022 | 2.250 |
| Free Cash Flow 1 | 2,298 | 2,352 | 2,276 | 313.6 | 898.7 | 1,848 | 2,275 | 2,923 |
| FCF margin | 23.43% | 19.94% | 14.21% | 2.55% | 6.88% | 12.49% | 13.85% | 16.09% |
| FCF Conversion (EBITDA) | 94.17% | 73.77% | 58.03% | 10.48% | 28.27% | 51.43% | 55.82% | 65.11% |
| FCF Conversion (Net income) | 131.3% | 98.51% | 74.58% | 13.85% | 36.07% | 64.44% | 70.52% | 81.39% |
| Dividend per Share 2 | 0.3600 | 1.374 | 0.7727 | 0.4823 | 0.6075 | 0.6928 | 0.7733 | 0.8539 |
| Announcement Date | 3/16/20 | 3/22/21 | 3/22/22 | 3/20/23 | 3/18/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,801 | 5,016 | 6,784 | 8,226 | 7,792 | 6,510 | 5,799 | 6,380 | 6,689 | 7,210 | 7,962 |
| EBITDA | 994.9 | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 838.4 | - | - | 1,737 | 1,733 | 1,076 | 1,278 | 1,039 | 1,426 | 1,291 | 1,472 |
| Operating Margin | 17.46% | - | - | 21.12% | 22.24% | 16.53% | 22.04% | 16.29% | 21.31% | 17.9% | 18.49% |
| Earnings before Tax (EBT) | 1,053 | - | - | - | - | - | - | - | - | - | - |
| Net income | 842.5 | 1,028 | - | - | 1,468 | 1,172 | 1,092 | - | - | - | - |
| Net margin | 17.55% | 20.5% | - | - | 18.84% | 18.01% | 18.84% | - | - | - | - |
| EPS 2 | 0.5300 | 0.6400 | 0.8600 | 0.9900 | 0.9200 | 0.7300 | 0.6900 | 0.7700 | 0.7900 | 0.8700 | 0.9600 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/16/20 | 8/17/20 | 3/22/21 | 8/10/21 | 3/22/22 | 8/15/22 | 3/20/23 | 8/21/23 | 3/18/24 | - | - |
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 | 516 | 2,814 | 8,269 | 5,000 | 5,190 | 6,100 | 7,309 | 9,007 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 2,298 | 2,352 | 2,276 | 314 | 899 | 1,849 | 2,275 | 2,923 |
| ROE (net income / shareholders' equity) | 14% | 17.1% | 19.9% | 13.7% | 13.9% | 14.2% | 14.5% | 14.8% |
| ROA (Net income/ Total Assets) | 9.19% | 11.2% | 12.3% | 8.72% | 9.08% | 8.64% | 9.02% | 8.77% |
| Assets 1 | 19,048 | 21,348 | 24,772 | 25,972 | 27,443 | 33,199 | 35,767 | 40,964 |
| Book Value Per Share 2 | 8.220 | 9.260 | 9.980 | 10.70 | 11.80 | 12.90 | 14.10 | 15.40 |
| Cash Flow per Share 2 | 1.710 | 2.050 | 1.960 | 1.120 | 1.260 | 1.820 | 2.090 | 2.480 |
| Capex 1 | 431 | 926 | 848 | 1,467 | 1,114 | 1,165 | 1,203 | 1,111 |
| Capex / Sales | 4.4% | 7.85% | 5.29% | 11.92% | 8.52% | 7.87% | 7.32% | 6.11% |
| Announcement Date | 3/16/20 | 3/22/21 | 3/22/22 | 3/20/23 | 3/18/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
25.03
CNY
Average target price
24.75
CNY
Spread / Average Target
-1.12%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +42.60% | 5.54B | |
| +2.46% | 15.48B | |
| -12.15% | 4.85B | |
| -9.65% | 4.68B | |
| -11.40% | 4.44B | |
| +11.09% | 4.23B | |
| +12.68% | 3.79B | |
| +39.91% | 3.73B | |
| -2.08% | 3.24B | |
| +0.34% | 3.3B |
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