KONFOONG MATERIALS INTERNATIONAL CO., LTD

Financials Konfoong Materials International Co., Ltd

Equities

300666

CNE100002NL1

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
46.73 ^CNY	+2.25%		-0.93%	-20.23%

Apr. 25	Konfoong Materials International Co., Ltd Proposes Final Cash Dividend for the Year 2023	CI
Apr. 24	Konfoong Materials International Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	11,103	11,940	18,377	15,549	12,403	-	-
Enterprise Value (EV) ¹	11,103	11,940	17,457	15,617	11,579	11,430	11,157
P/E ratio	75 x	112 x	62.3 x	61 x	32.1 x	25.5 x	21.3 x
Yield	-	0.19%	0.3%	0.34%	0.58%	0.57%	1.13%
Capitalization / Revenue	-	7.49 x	7.91 x	5.98 x	3.77 x	2.94 x	2.37 x
EV / Revenue	-	7.49 x	7.51 x	6 x	3.52 x	2.71 x	2.13 x
EV / EBITDA	-	51.5 x	43 x	36 x	19.8 x	15.1 x	13.9 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	9.13 x	4.59 x	3.72 x	2.77 x	2.51 x	2.3 x
Nbr of stocks (in thousands)	224,252	227,082	265,564	265,436	265,416	-	-
Reference price ²	49.51	52.58	69.20	58.58	46.73	46.73	46.73
Announcement Date	4/15/21	4/25/22	2/27/23	2/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	1,594	2,324	2,602	3,290	4,215	5,233
EBITDA ¹	-	231.8	406.3	433.3	584.5	759.3	803.3
EBIT ¹	-	113.4	302.2	290.6	414.4	534.9	626.2
Operating Margin	-	7.11%	13%	11.17%	12.59%	12.69%	11.97%
Earnings before Tax (EBT) ¹	-	104.4	297.4	289.5	418.1	538	639.2
Net income ¹	147.2	106.6	265.2	255.5	386.4	486.3	583.7
Net margin	-	6.69%	11.41%	9.82%	11.74%	11.54%	11.15%
EPS ²	0.6600	0.4700	1.110	0.9600	1.454	1.832	2.195
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.1000	0.2060	0.2000	0.2700	0.2667	0.5300
Announcement Date	4/15/21	4/25/22	2/27/23	2/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	-	-	638.6	564.9	632.5	654.4	749.8	772.4	818.7	845.9	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	-	55.35	55.98	39.31	56.49	74.31	53.64	107.4	123.2	-
Operating Margin	-	-	8.67%	9.91%	6.21%	8.63%	9.91%	6.94%	13.12%	14.56%	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-
Net income	155.4	67.87	-	-	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-	-	-	-	-
EPS ²	0.6700	0.2900	0.1500	0.2100	0.3700	0.1500	0.2300	0.2200	0.4100	0.4200	0.5600
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	8/30/22	10/26/22	2/27/23	4/27/23	8/28/23	10/22/23	2/28/24	4/24/24	-	-	-

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	67.5	-	-	-
Net Cash position ¹	-	-	920	-	824	973	1,246
Leverage (Debt/EBITDA)	-	-	-	0.1558 x	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	8.77%	11.4%	6.25%	8.6%	9.91%	11.1%
ROA (Net income/ Total Assets)	-	4.04%	6.64%	4.11%	5.15%	6.3%	5.7%
Assets ¹	-	2,636	3,993	6,214	7,502	7,718	10,240
Book Value Per Share ²	-	5.760	15.10	15.70	16.90	18.60	20.30
Cash Flow per Share ²	-	0.4500	0.0600	0.9500	1.830	1.560	-
Capex ¹	-	316	786	-	340	333	362
Capex / Sales	-	19.83%	33.82%	-	10.33%	7.9%	6.92%
Announcement Date	4/15/21	4/25/22	2/27/23	2/28/24	-	-	-

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

Ratings for Konfoong Materials International Co., Ltd

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

46.73 CNY

Average target price

59.88 CNY

Spread / Average Target

+28.13%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Electronic Component

	1st Jan change	Capi.
KONFOONG MATERIALS INTERNATIONAL CO., LTD	-20.23%	1.72B
AMPHENOL CORPORATION	+33.07%	79.23B
HON HAI PRECISION INDUSTRY CO., LTD.	+62.68%	73.18B
MURATA MANUFACTURING CO., LTD	-4.44%	34.75B
LUXSHARE PRECISION INDUSTRY CO., LTD.	-8.16%	31.45B
JABIL INC.	-9.72%	13.87B
AVIC JONHON OPTRONIC TECHNOLOGY CO.,LTD.	-4.82%	10.89B
LENS TECHNOLOGY CO., LTD.	+11.74%	10.09B
BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED	-7.65%	9.76B
COHERENT CORP.	+33.54%	8.86B

Electronic Component