Stock 301368 ZHEJIANG FORE INTELLIGENT TECHNOLOGY CO.,LTD
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Financials Zhejiang FORE Intelligent Technology Co.,Ltd

Equities

301368

CNE1000065D7

Industrial Machinery & Equipment

End-of-day quote Shenzhen S.E.
Other stock markets
 06:00:00 2024-05-21 pm EDT 		5-day change 1st Jan Change
48.48 CNY +3.81% Intraday chart for Zhejiang FORE Intelligent Technology Co.,Ltd +7.93% +2.84%
May. 09 FORE Intelligent Technology Acquires Land for 48 Million Yuan MT
Apr. 22 Zhejiang FORE Intelligent Technology Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024 CI

Valuation

Fiscal Period: December 2022 2023
Capitalization 1 2,390 5,662
Enterprise Value (EV) 1 1,878 5,328
P/E ratio 39.8 x 236 x
Yield 0.63% 0.18%
Capitalization / Revenue 5.57 x 13.2 x
EV / Revenue 4.38 x 12.4 x
EV / EBITDA 26 x 111 x
EV / FCF -35,197,948 x -31,033,254 x
FCF Yield -0% -0%
Price to Book 2.49 x 5.83 x
Nbr of stocks (in thousands) 120,100 120,100
Reference price 2 19.90 47.14
Announcement Date 4/24/23 4/22/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 285.5 305.9 375.9 568.3 428.8 429.3
EBITDA 1 48.8 62.01 73.71 93.49 72.33 48.15
EBIT 1 32.18 43.38 53.97 68.86 42.35 11.01
Operating Margin 11.27% 14.18% 14.36% 12.12% 9.88% 2.56%
Earnings before Tax (EBT) 1 32.91 72.99 50.68 68.83 49.56 26.05
Net income 1 29.52 62.43 48.02 60.79 44.9 24.09
Net margin 10.34% 20.41% 12.77% 10.7% 10.47% 5.61%
EPS 2 0.3280 0.6900 0.5300 0.6755 0.5000 0.2000
Free Cash Flow - 16.71 60.87 -76.31 -53.36 -171.7
FCF margin - 5.46% 16.19% -13.43% -12.44% -39.99%
FCF Conversion (EBITDA) - 26.95% 82.58% - - -
FCF Conversion (Net income) - 26.77% 126.76% - - -
Dividend per Share - - - - 0.1250 0.0850
Announcement Date 6/29/21 6/29/21 6/29/21 5/6/22 4/24/23 4/22/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 58.5 52.1 - 20 - -
Net Cash position 1 - - 22.5 - 512 334
Leverage (Debt/EBITDA) 1.199 x 0.8402 x - 0.2136 x - -
Free Cash Flow - 16.7 60.9 -76.3 -53.4 -172
ROE (net income / shareholders' equity) - 27.1% 18.6% 20.5% 6.97% 2.49%
ROA (Net income/ Total Assets) - 6.35% 7.08% 7.3% 2.7% 0.55%
Assets 1 - 983.2 678.5 833.3 1,662 4,375
Book Value Per Share 2 2.330 2.800 2.950 3.630 8.000 8.080
Cash Flow per Share 2 0.3000 0.4100 0.7000 0.5200 5.250 2.740
Capex 1 38.7 26.1 39.5 138 87.6 193
Capex / Sales 13.55% 8.53% 10.5% 24.29% 20.42% 44.96%
Announcement Date 6/29/21 6/29/21 6/29/21 5/6/22 4/24/23 4/22/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Industrial Parts & Components

1st Jan change Capi.
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Industrial Parts & Components
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