SIEYUAN ELECTRIC CO., LTD. Financials Sieyuan Electric Co., Ltd.
Equities
002028
CNE000001KM8
Electrical Components & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 70.1 CNY | -2.27% |
|
-4.46% | +34.70% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,468 | 15,306 | 37,681 | 29,409 | 40,240 | 54,261 | - | - |
| Enterprise Value (EV) 1 | 10,468 | 15,306 | 37,681 | 27,070 | 37,056 | 50,535 | 48,860 | 47,351 |
| P/E ratio | 18.9 x | 16.3 x | 31.3 x | 24 x | 25.8 x | 26.6 x | 21.3 x | 17.7 x |
| Yield | 0.73% | 1% | 0.41% | 0.78% | 0.77% | 0.76% | 0.94% | 1.13% |
| Capitalization / Revenue | 1.64 x | 2.08 x | 4.33 x | 2.79 x | 3.23 x | 3.52 x | 2.88 x | 2.44 x |
| EV / Revenue | 1.64 x | 2.08 x | 4.33 x | 2.57 x | 2.97 x | 3.28 x | 2.59 x | 2.13 x |
| EV / EBITDA | 14.7 x | 12.8 x | 25.1 x | 18.5 x | 18.8 x | 21.1 x | 16.1 x | 12.8 x |
| EV / FCF | - | - | - | - | 24 x | 68.8 x | 33.5 x | 30.4 x |
| FCF Yield | - | - | - | - | 4.17% | 1.45% | 2.99% | 3.29% |
| Price to Book | 2.08 x | 2.35 x | 4.5 x | 3.21 x | 3.88 x | 4.49 x | 3.8 x | 3.23 x |
| Nbr of stocks (in thousands) | 760,209 | 762,993 | 765,720 | 769,479 | 773,254 | 774,051 | - | - |
| Reference price 2 | 13.77 | 20.06 | 49.21 | 38.22 | 52.04 | 70.10 | 70.10 | 70.10 |
| Announcement Date | 1/13/20 | 1/15/21 | 1/14/22 | 1/13/23 | 4/19/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,380 | 7,373 | 8,695 | 10,537 | 12,460 | 15,394 | 18,852 | 22,242 |
| EBITDA 1 | 713.5 | 1,200 | 1,499 | 1,466 | 1,968 | 2,399 | 3,029 | 3,698 |
| EBIT 1 | 627.8 | 1,115 | 1,407 | 1,342 | 1,778 | 2,267 | 2,855 | 3,452 |
| Operating Margin | 9.84% | 15.13% | 16.18% | 12.74% | 14.27% | 14.73% | 15.14% | 15.52% |
| Earnings before Tax (EBT) 1 | 631.7 | 1,115 | 1,404 | 1,331 | 1,771 | 2,282 | 2,871 | 3,480 |
| Net income 1 | 557.6 | 933.3 | 1,198 | 1,220 | 1,559 | 2,038 | 2,543 | 3,072 |
| Net margin | 8.74% | 12.66% | 13.77% | 11.58% | 12.51% | 13.24% | 13.49% | 13.81% |
| EPS 2 | 0.7300 | 1.230 | 1.570 | 1.590 | 2.020 | 2.633 | 3.287 | 3.969 |
| Free Cash Flow 1 | - | - | - | - | 1,544 | 735 | 1,460 | 1,560 |
| FCF margin | - | - | - | - | 12.39% | 4.77% | 7.74% | 7.01% |
| FCF Conversion (EBITDA) | - | - | - | - | 78.45% | 30.64% | 48.2% | 42.17% |
| FCF Conversion (Net income) | - | - | - | - | 99.03% | 36.07% | 57.41% | 50.76% |
| Dividend per Share 2 | 0.1000 | 0.2000 | 0.2000 | 0.3000 | 0.4000 | 0.5324 | 0.6578 | 0.7921 |
| Announcement Date | 1/13/20 | 1/15/21 | 1/14/22 | 1/13/23 | 4/19/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q1 | 2023 Q3 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,172 | - | - | 3,850 | 4,030 | 4,782 | - | - |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 211.3 | - | - | 705.7 | 676.7 | 503.2 | - | - |
| Operating Margin | 9.73% | - | - | 18.33% | 16.79% | 10.52% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income 1 | 218.4 | 447.8 | 363.3 | 645.4 | 616.4 | 442.8 | - | - |
| Net margin | 10.06% | - | - | 16.76% | 15.29% | 9.26% | - | - |
| EPS 2 | - | - | 0.4700 | 0.8338 | 0.7964 | 0.5721 | - | - |
| Dividend per Share 2 | - | - | - | - | - | 0.5305 | - | - |
| Announcement Date | 4/21/23 | 10/20/23 | 4/28/24 | - | - | - | - | - |
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 | - | - | - | 2,339 | 3,184 | 3,726 | 5,401 | 6,910 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | - | - | 1,544 | 735 | 1,460 | 1,560 |
| ROE (net income / shareholders' equity) | 11.6% | 16.2% | 16.1% | 13.9% | 15.9% | 17.5% | 18.8% | 19.2% |
| ROA (Net income/ Total Assets) | 7.01% | 9.37% | 10.1% | 8.24% | 8.97% | 9.99% | 10.5% | 11% |
| Assets 1 | 7,950 | 9,960 | 11,868 | 14,812 | 17,388 | 20,405 | 24,227 | 27,910 |
| Book Value Per Share 2 | 6.630 | 8.550 | 10.90 | 11.90 | 13.40 | 15.60 | 18.40 | 21.70 |
| Cash Flow per Share 2 | 1.090 | 1.070 | 0.5000 | 1.370 | 2.940 | 1.690 | 3.100 | 3.890 |
| Capex 1 | 146 | 275 | 529 | 443 | 728 | 669 | 667 | 782 |
| Capex / Sales | 2.29% | 3.73% | 6.08% | 4.21% | 5.84% | 4.34% | 3.54% | 3.52% |
| Announcement Date | 1/13/20 | 1/15/21 | 1/14/22 | 1/13/23 | 4/19/24 | - | - | - |
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
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
70.1
CNY
Average target price
72.53
CNY
Spread / Average Target
+3.47%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +34.70% | 7.69B | |
| +1.88% | 147B | |
| +27.63% | 139B | |
| +38.38% | 132B | |
| +16.82% | 64.57B | |
| +106.79% | 36.24B | |
| +7.97% | 32.53B | |
| -12.64% | 30.75B | |
| +8.45% | 28.73B | |
| +29.29% | 27.09B |
- Stock Market
- Equities
- 002028 Stock
- Financials Sieyuan Electric Co., Ltd.