Financials Sunway Co., Ltd.

Equities

603333

CNE100001FQ8

Electrical Components & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-05-19 pm EDT 5-day change 1st Jan Change
3.81 CNY -2.31% Intraday chart for Sunway Co., Ltd. -4.51% -33.27%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,605 5,319 3,005 6,489 3,257 3,549
Enterprise Value (EV) 1 2,945 5,718 3,345 6,612 3,429 3,739
P/E ratio 45.5 x 51.2 x 193 x -174 x 175 x 190 x
Yield 0.68% 0.59% - - - 0.18%
Capitalization / Revenue 1.65 x 2.62 x 1.48 x 2.77 x 1.61 x 1.61 x
EV / Revenue 1.87 x 2.81 x 1.65 x 2.82 x 1.7 x 1.69 x
EV / EBITDA 24.5 x 31.1 x 29.3 x 107 x 32.1 x 41.7 x
EV / FCF -12.6 x -77.3 x 63.8 x -20.8 x 40.4 x 41.9 x
FCF Yield -7.95% -1.29% 1.57% -4.82% 2.47% 2.39%
Price to Book 1.84 x 3.47 x 1.96 x 3.12 x 1.54 x 1.66 x
Nbr of stocks (in thousands) 520,005 519,905 519,905 621,528 621,528 621,528
Reference price 2 5.010 10.23 5.780 10.44 5.240 5.710
Announcement Date 2/27/19 4/24/20 4/26/21 3/30/22 3/31/23 4/26/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,575 2,034 2,030 2,344 2,017 2,207
EBITDA 1 120.2 184.1 114 61.75 107 89.68
EBIT 1 74.42 140.2 66.99 6.637 49.75 32.94
Operating Margin 4.72% 6.9% 3.3% 0.28% 2.47% 1.49%
Earnings before Tax (EBT) 1 56.96 110.3 16.7 -38.79 18.62 22.97
Net income 1 57.98 103.7 16.52 -30.9 18.31 20.44
Net margin 3.68% 5.1% 0.81% -1.32% 0.91% 0.93%
EPS 2 0.1100 0.2000 0.0300 -0.0600 0.0300 0.0300
Free Cash Flow 1 -234 -73.94 52.46 -318.5 84.81 89.25
FCF margin -14.85% -3.64% 2.58% -13.59% 4.21% 4.04%
FCF Conversion (EBITDA) - - 46.02% - 79.29% 99.53%
FCF Conversion (Net income) - - 317.47% - 463.31% 436.58%
Dividend per Share 2 0.0340 0.0600 - - - 0.0100
Announcement Date 2/27/19 4/24/20 4/26/21 3/30/22 3/31/23 4/26/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 340 400 340 124 172 190
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.825 x 2.172 x 2.981 x 2.003 x 1.606 x 2.122 x
Free Cash Flow 1 -234 -73.9 52.5 -319 84.8 89.3
ROE (net income / shareholders' equity) 4.09% 6.91% 0.96% -2.12% 0.83% 0.94%
ROA (Net income/ Total Assets) 2.29% 3.38% 1.37% 0.12% 0.85% 0.6%
Assets 1 2,528 3,067 1,209 -25,985 2,163 3,432
Book Value Per Share 2 2.720 2.950 2.950 3.340 3.390 3.430
Cash Flow per Share 2 0.2700 0.7300 1.170 1.560 1.290 0.8800
Capex 1 15.7 48.3 45.3 19.3 32.6 96.4
Capex / Sales 1% 2.38% 2.23% 0.82% 1.61% 4.37%
Announcement Date 2/27/19 4/24/20 4/26/21 3/30/22 3/31/23 4/26/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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