Financials ZHEJIANG NARADA POWER SOURCE Co. , Ltd.

Equities

300068

CNE100000NC4

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
10.38 ^CNY	+2.77%		-0.86%	-19.78%

Apr. 24	ZHEJIANG NARADA POWER SOURCE Co. , Ltd. Proposes Final Cash Dividend for the Year 2023	CI
Apr. 23	ZHEJIANG NARADA POWER SOURCE Co. , Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	9,387	13,094	12,197	18,422	11,284	9,059	-	-
Enterprise Value (EV) ¹	9,387	13,094	12,197	21,944	11,284	9,059	9,059	9,059
P/E ratio	25.7 x	-46.2 x	-10.3 x	56.1 x	324 x	9.03 x	8.95 x	9.79 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	1.04 x	1.28 x	-	1.57 x	0.77 x	0.51 x	0.4 x	0.38 x
EV / Revenue	1.04 x	1.28 x	-	1.57 x	0.77 x	0.51 x	0.4 x	0.38 x
EV / EBITDA	15.7 x	-	-	19.8 x	22.5 x	6.08 x	4.69 x	4.08 x
EV / FCF	-16,840,079 x	-	-	-65,779,418 x	-	-	-	-
FCF Yield	-0%	-	-	-0%	-	-	-	-
Price to Book	1.45 x	2.18 x	-	3.58 x	2.08 x	1.52 x	1.38 x	1.25 x
Nbr of stocks (in thousands)	870,735	859,741	861,384	864,871	872,016	872,742	-	-
Reference price ²	10.78	15.23	14.16	21.30	12.94	10.38	10.38	10.38
Announcement Date	2/28/20	4/2/21	4/6/22	4/21/23	4/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	9,008	10,260	-	11,749	14,666	17,728	22,540	23,586
EBITDA ¹	597.6	-	-	930.6	501.5	1,490	1,930	2,221
EBIT ¹	249.4	-395.6	-	695.7	-8.244	641	846	1,026
Operating Margin	2.77%	-3.86%	-	5.92%	-0.06%	3.62%	3.75%	4.35%
Earnings before Tax (EBT) ¹	240.5	-408.2	-	248.6	-54.44	1,206	1,180	1,036
Net income ¹	368.7	-281.1	-1,175	331.3	35.98	1,001	1,009	924
Net margin	4.09%	-2.74%	-	2.82%	0.25%	5.65%	4.48%	3.92%
EPS ²	0.4200	-0.3300	-1.370	0.3800	0.0400	1.150	1.160	1.060
Free Cash Flow	-557.4	-	-	-280.1	-	-	-	-
FCF margin	-6.19%	-	-	-2.38%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	2/28/20	4/2/21	4/6/22	4/21/23	4/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1	2023 Q3
Net sales	-	-
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income ¹	529.5	151.9
Net margin	-	-
EPS	0.6100	-
Dividend per Share	-	-
Announcement Date	8/29/22	10/24/23

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	3,522	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	3.785 x	-	-	-	-
Free Cash Flow	-557	-	-	-280	-	-	-	-
ROE (net income / shareholders' equity)	5.83%	-4.5%	-	6.71%	0.68%	9.7%	13.6%	12.8%
ROA (Net income/ Total Assets)	2.85%	-	-	2.22%	-	2.7%	3.1%	3.4%
Assets ¹	12,933	-	-	14,922	-	37,074	32,548	27,176
Book Value Per Share ²	7.440	6.980	-	5.960	6.210	6.810	7.500	8.290
Cash Flow per Share ²	0.3200	0.4400	-	-	0.7200	2.620	2.750	-
Capex ¹	837	-	-	740	1,123	2,700	1,500	900
Capex / Sales	9.29%	-	-	6.3%	7.66%	15.23%	6.65%	3.82%
Announcement Date	2/28/20	4/2/21	4/6/22	4/21/23	4/23/24	-	-	-

¹CNY in Million²CNY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for ZHEJIANG NARADA POWER SOURCE Co. , Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

10.38 CNY

Average target price

14 CNY

Spread / Average Target

+34.87%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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Batteries & Uninterruptable Power Supplies