Financials United Strength Power Holdings Limited

Equities

2337

KYG9354A1031

Oil & Gas Refining and Marketing

Market Closed - Hong Kong S.E. 04:08:07 2024-06-03 am EDT 5-day change 1st Jan Change
3.84 HKD +0.26% Intraday chart for United Strength Power Holdings Limited 0.00% -20.50%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 904 1,316 2,843 4,364 2,702 1,644
Enterprise Value (EV) 1 801 1,369 3,309 4,946 3,214 2,180
P/E ratio 21 x 36.9 x 21.5 x 24.7 x 163 x 41.6 x
Yield 1.94% 1.36% 0.59% 0.19% - -
Capitalization / Revenue 2.6 x 3.26 x 0.82 x 0.75 x 0.44 x 0.22 x
EV / Revenue 2.3 x 3.39 x 0.95 x 0.85 x 0.53 x 0.3 x
EV / EBITDA 10.3 x 18.8 x 13.5 x 15.5 x 27.9 x 15.8 x
EV / FCF -37.1 x -72.4 x -72.1 x -219 x 61.9 x -59.5 x
FCF Yield -2.7% -1.38% -1.39% -0.46% 1.62% -1.68%
Price to Book 3.63 x 4.9 x 11.2 x 10.6 x 6.3 x 3.5 x
Nbr of stocks (in thousands) 234,502 234,502 374,502 374,502 374,502 374,502
Reference price 2 3.855 5.612 7.592 11.65 7.216 4.390
Announcement Date 4/16/19 4/17/20 4/28/21 4/25/22 4/25/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 348.2 403.2 3,481 5,830 6,089 7,347
EBITDA 1 77.79 72.9 244.5 319.1 115.3 138.2
EBIT 1 62.18 58.13 207.8 291.6 86.39 110.9
Operating Margin 17.86% 14.42% 5.97% 5% 1.42% 1.51%
Earnings before Tax (EBT) 1 58.49 53.26 170.8 252.1 36.87 64.07
Net income 1 42.97 35.64 123.3 176.6 16.53 39.49
Net margin 12.34% 8.84% 3.54% 3.03% 0.27% 0.54%
EPS 2 0.1832 0.1520 0.3535 0.4716 0.0441 0.1054
Free Cash Flow 1 -21.61 -18.9 -45.87 -22.59 51.97 -36.63
FCF margin -6.21% -4.69% -1.32% -0.39% 0.85% -0.5%
FCF Conversion (EBITDA) - - - - 45.08% -
FCF Conversion (Net income) - - - - 314.41% -
Dividend per Share 2 0.0748 0.0763 0.0450 0.0218 - -
Announcement Date 4/16/19 4/17/20 4/28/21 4/25/22 4/25/23 4/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 52.8 466 583 512 536
Net Cash position 1 103 - - - - -
Leverage (Debt/EBITDA) - 0.7237 x 1.905 x 1.826 x 4.444 x 3.875 x
Free Cash Flow 1 -21.6 -18.9 -45.9 -22.6 52 -36.6
ROE (net income / shareholders' equity) 17.9% 13.5% 44.7% 49.6% 4.14% 8.84%
ROA (Net income/ Total Assets) 12.5% 9.68% 11.2% 12.9% 3.48% 4%
Assets 1 344.9 368.3 1,106 1,365 474.5 988.1
Book Value Per Share 2 1.060 1.140 0.6800 1.100 1.140 1.250
Cash Flow per Share 2 0.5500 0.2500 0.3700 0.2700 0.3700 0.4200
Capex 1 18.1 24.1 43.6 23.8 12.1 48.2
Capex / Sales 5.21% 5.98% 1.25% 0.41% 0.2% 0.66%
Announcement Date 4/16/19 4/17/20 4/28/21 4/25/22 4/25/23 4/29/24
1CNY in Million2CNY
Estimates
  1. Stock Market
  2. Equities
  3. 2337 Stock
  4. Financials United Strength Power Holdings Limited