Financials Hengtong Optic-Electric Co., Ltd.

Equities

600487

CNE000001FQ9

Communications & Networking

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
14.16 CNY -0.42% Intraday chart for Hengtong Optic-Electric Co., Ltd. +8.59% +18.59%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 30,647 32,783 35,271 36,540 29,195 34,304 - -
Enterprise Value (EV) 1 36,924 35,739 38,225 39,602 34,183 37,090 37,279 34,304
P/E ratio 22.9 x 25.4 x 24.8 x 22.5 x 13.7 x 12.6 x 10.5 x 6.71 x
Yield 0.49% 0.43% 0.46% 0.53% 1.26% 1.06% 1.14% 1.84%
Capitalization / Revenue 0.96 x 1.01 x 0.85 x 0.79 x 0.61 x 0.61 x 0.54 x 0.43 x
EV / Revenue 1.16 x 1.1 x 0.93 x 0.85 x 0.72 x 0.66 x 0.59 x 0.43 x
EV / EBITDA 14.9 x 13.9 x 13.1 x 13.5 x 9.18 x 7.22 x 6.3 x 4.31 x
EV / FCF - - - -23,156,933 x - - - -
FCF Yield - - - -0% - - - -
Price to Book - 1.67 x 1.74 x 1.57 x 1.15 x 1.24 x 1.13 x 0.95 x
Nbr of stocks (in thousands) 1,884,808 2,343,305 2,332,714 2,426,298 2,445,181 2,422,576 - -
Reference price 2 16.26 13.99 15.12 15.06 11.94 14.16 14.16 14.16
Announcement Date 4/30/20 4/28/21 4/25/22 4/25/23 4/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 31,760 32,384 41,271 46,464 47,622 56,397 63,460 78,909
EBITDA 1 2,478 2,563 2,910 2,940 3,725 5,144 5,879 7,954
EBIT 1 1,551 1,374 1,709 1,674 2,311 2,983 3,696 5,574
Operating Margin 4.88% 4.24% 4.14% 3.6% 4.85% 5.29% 5.82% 7.06%
Earnings before Tax (EBT) 1 1,593 1,340 1,737 1,686 2,385 2,974 3,679 5,558
Net income 1 1,362 1,062 1,436 1,584 2,154 3,029 3,308 5,199
Net margin 4.29% 3.28% 3.48% 3.41% 4.52% 5.37% 5.21% 6.59%
EPS 2 0.7100 0.5500 0.6100 0.6700 0.8700 1.118 1.354 2.110
Free Cash Flow - - - -1,710 - - - -
FCF margin - - - -3.68% - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0800 0.0600 0.0700 0.0800 0.1500 0.1500 0.1620 0.2600
Announcement Date 4/30/20 4/28/21 4/25/22 4/25/23 4/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 16,348 15,470 16,914 11,459 23,214 9,352 12,754 12,547 11,812 24,358 10,867 12,310 11,924 12,520 24,445 11,785 14,410 14,425 14,416
EBITDA - - - - - - - - - - - - - - - - - - -
EBIT 726.2 - 874.9 96.03 876.7 403.6 621.2 706.5 -57.05 649.5 435.5 903.7 592.9 378.4 971.3 596.9 - - -
Operating Margin 4.44% - 5.17% 0.84% 3.78% 4.32% 4.87% 5.63% -0.48% 2.67% 4.01% 7.34% 4.97% 3.02% 3.97% 5.07% - - -
Earnings before Tax (EBT) 771.8 - 838.2 - 889.9 - - - -30.09 666.1 - - - - 1,055 - - - -
Net income 631.5 443.3 618.5 120.6 765.2 344.1 516.1 - 163.9 723.4 - - - - 904.1 - - - -
Net margin 3.86% 2.87% 3.66% 1.05% 3.3% 3.68% 4.05% - 1.39% 2.97% - - - - 3.7% - - - -
EPS 2 0.3300 - 0.3201 0.0600 0.3300 0.1456 0.2100 0.2400 0.0700 0.3100 0.1602 0.3500 0.2200 0.1400 0.3600 0.2080 0.3000 0.2800 -
Dividend per Share - - - - - - - - - - - - - - - - - - -
Announcement Date 4/30/20 8/30/20 4/28/21 4/25/22 4/25/22 4/25/22 8/29/22 10/28/22 4/25/23 4/25/23 4/25/23 8/24/23 10/30/23 4/25/24 4/25/24 4/25/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,277 2,956 2,954 3,062 4,988 2,786 2,976 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.533 x 1.153 x 1.015 x 1.041 x 1.339 x 0.5423 x 0.5026 x -
Free Cash Flow - - - -1,710 - - - -
ROE (net income / shareholders' equity) 10.3% 7.36% 7.02% 7.46% 8.71% 10.1% 10.8% 14.1%
ROA (Net income/ Total Assets) 3.51% 2.37% 2.85% 2.84% - 4.43% 5.06% 6.75%
Assets 1 38,851 44,857 50,471 55,677 - 62,528 65,582 77,022
Book Value Per Share 2 - 8.370 8.690 9.610 10.40 11.40 12.60 14.90
Cash Flow per Share 2 0.8000 0.6800 0.5800 0.3500 0.7500 1.020 1.410 1.890
Capex 1 3,548 1,420 2,694 2,565 2,059 1,137 1,029 1,669
Capex / Sales 11.17% 4.38% 6.53% 5.52% 4.32% 2.02% 1.63% 2.12%
Announcement Date 4/30/20 4/28/21 4/25/22 4/25/23 4/25/24 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
14.16 CNY
Average target price
13.96 CNY
Spread / Average Target
-1.38%
Consensus
  1. Stock Market
  2. Equities
  3. 600487 Stock
  4. Financials Hengtong Optic-Electric Co., Ltd.