Financials Shenzhen United Winners Laser Co., Ltd.

Equities

688518

CNE100003ZM1

Industrial Machinery & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-05-12 pm EDT 5-day change 1st Jan Change
13.69 CNY -4.00% Intraday chart for Shenzhen United Winners Laser Co., Ltd. +2.09% -33.15%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,563 14,742 8,789 6,942 4,641 - -
Enterprise Value (EV) 1 4,563 14,742 8,753 6,200 3,824 2,911 4,641
P/E ratio 58.7 x 159 x 33.2 x 23.5 x 11.6 x 9.43 x 8.35 x
Yield - 0.24% 0.41% 0.73% 1.25% 1.54% 0.84%
Capitalization / Revenue 5.2 x 10.5 x 3.11 x 1.96 x 1.12 x 0.95 x 0.83 x
EV / Revenue 5.2 x 10.5 x 3.1 x 1.75 x 0.92 x 0.59 x 0.83 x
EV / EBITDA 50.8 x 129 x 28 x 20.4 x 6.87 x 4.28 x 6.56 x
EV / FCF 26.9 x -70.9 x -17.8 x 80.7 x -13.5 x 2.82 x -
FCF Yield 3.72% -1.41% -5.61% 1.24% -7.4% 35.4% -
Price to Book 3.17 x 9.71 x 4.94 x 2.3 x 1.43 x 1.23 x 1.14 x
Nbr of stocks (in thousands) 299,200 299,200 300,902 338,982 339,042 - -
Reference price 2 15.25 49.27 29.21 20.48 14.26 14.26 14.26
Announcement Date 2/26/21 2/25/22 2/27/23 2/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 877.9 1,400 2,822 3,543 4,157 4,905 5,560
EBITDA 1 89.81 114.2 312.7 303.5 556.6 679.8 707.2
EBIT 1 77.15 96.45 305.1 322.8 445.2 565.4 617.5
Operating Margin 8.79% 6.89% 10.81% 9.11% 10.71% 11.53% 11.11%
Earnings before Tax (EBT) 1 77.24 97.37 304.6 323.4 451.7 573 618.7
Net income 1 66.97 92.01 266.9 290.6 401.5 511.7 579.5
Net margin 7.63% 6.57% 9.46% 8.2% 9.66% 10.43% 10.42%
EPS 2 0.2600 0.3100 0.8800 0.8700 1.235 1.512 1.708
Free Cash Flow 1 169.8 -208 -491.1 76.87 -283 1,031 -
FCF margin 19.34% -14.86% -17.4% 2.17% -6.81% 21.02% -
FCF Conversion (EBITDA) 189.07% - - 25.32% - 151.67% -
FCF Conversion (Net income) 253.55% - - 26.46% - 201.5% -
Dividend per Share 2 - 0.1200 0.1200 0.1500 0.1786 0.2196 0.1200
Announcement Date 2/26/21 2/25/22 2/27/23 2/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 - - - - 928.2 766.4 934.1 854.2 988.3 728
EBITDA - - - - - - - - - -
EBIT 1 - - - - 87.42 99.3 126.6 61.21 35.62 31.06
Operating Margin - - - - 9.42% 12.96% 13.56% 7.17% 3.6% 4.27%
Earnings before Tax (EBT) - - - - - - - 60.99 - -
Net income 14.92 55.21 70.13 117.2 - - - 53.51 - -
Net margin - - - - - - - 6.26% - -
EPS 2 0.0500 - - 0.4000 0.2500 0.2700 0.3300 0.1600 0.1100 0.0800
Dividend per Share - - - - - - - - - -
Announcement Date 4/29/22 8/29/22 8/29/22 10/27/22 2/27/23 4/27/23 8/25/23 10/27/23 2/26/24 4/28/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - - 36.7 743 817 1,730 -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 170 -208 -491 76.9 -283 1,031 -
ROE (net income / shareholders' equity) 5.78% 6.25% 16.1% 10.3% 12.3% 14% 13.4%
ROA (Net income/ Total Assets) - 2.81% 5.69% - 4.2% 6% 5%
Assets 1 - 3,276 4,688 - 9,559 8,528 11,590
Book Value Per Share 2 4.820 5.080 5.910 8.910 9.950 11.60 12.50
Cash Flow per Share 2 0.8600 -0.0300 -0.6600 0.7000 0.6400 1.660 1.840
Capex 1 - 198 292 159 144 108 175
Capex / Sales - 14.13% 10.35% 4.5% 3.46% 2.21% 3.15%
Announcement Date 2/26/21 2/25/22 2/27/23 2/26/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
13.69 CNY
Average target price
19.37 CNY
Spread / Average Target
+41.50%
Consensus
  1. Stock Market
  2. Equities
  3. 688518 Stock
  4. Financials Shenzhen United Winners Laser Co., Ltd.
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