Financials Zhejiang Sunoren Solar Technology Co.,Ltd.

Equities

603105

CNE1000036D8

Electric Utilities

End-of-day quote Shanghai S.E. 06:00:00 2024-05-20 pm EDT 5-day change 1st Jan Change
8.47 CNY -4.94% Intraday chart for Zhejiang Sunoren Solar Technology Co.,Ltd. -8.63% -26.86%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 8,310 7,365 5,790 4,235 - -
Enterprise Value (EV) 1 8,310 7,365 5,790 4,235 4,235 4,235
P/E ratio 75.5 x 38.8 x 26.3 x 15.9 x 12.5 x 10.5 x
Yield - 0.81% 1.3% 2.07% 2.68% 3.19%
Capitalization / Revenue - 11.3 x 8.44 x 5.27 x 4.33 x 3.7 x
EV / Revenue - 11.3 x 8.44 x 5.27 x 4.33 x 3.7 x
EV / EBITDA - 19.6 x 11.8 x 7.46 x 5.99 x -
EV / FCF - 54.3 x -34.4 x -78.4 x 51.6 x -54.3 x
FCF Yield - 1.84% -2.91% -1.28% 1.94% -1.84%
Price to Book - 4.17 x 2.8 x 1.9 x 1.71 x 1.53 x
Nbr of stocks (in thousands) 500,000 500,000 500,000 500,003 - -
Reference price 2 16.62 14.73 11.58 8.470 8.470 8.470
Announcement Date 4/25/22 3/15/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 - 649.9 686.2 803.2 979 1,145
EBITDA 1 - 375.2 492 568 706.5 -
EBIT 1 - 214 244.2 295.2 378.8 445.7
Operating Margin - 32.92% 35.59% 36.76% 38.69% 38.92%
Earnings before Tax (EBT) 1 - 215.1 244.4 295.2 378.8 445.7
Net income 1 110 191.5 220.2 266 340 401.3
Net margin - 29.47% 32.08% 33.12% 34.73% 35.05%
EPS 2 0.2200 0.3800 0.4400 0.5325 0.6800 0.8033
Free Cash Flow 1 - 135.6 -168.5 -54 82 -78
FCF margin - 20.86% -24.56% -6.72% 8.38% -6.81%
FCF Conversion (EBITDA) - 36.14% - - 11.61% -
FCF Conversion (Net income) - 70.79% - - 24.12% -
Dividend per Share 2 - 0.1200 0.1500 0.1750 0.2267 0.2700
Announcement Date 4/25/22 3/15/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - 136 -169 -54 82 -78
ROE (net income / shareholders' equity) - 11.4% 11.8% 12% 13.9% 14.5%
ROA (Net income/ Total Assets) - - 5.6% 5.5% 7.13% -
Assets 1 - - 3,931 4,836 4,772 -
Book Value Per Share 2 - 3.530 4.140 4.460 4.950 5.550
Cash Flow per Share 2 - 1.150 0.7200 1.210 1.310 1.410
Capex 1 - 437 528 479 484 510
Capex / Sales - 67.29% 76.88% 59.57% 49.46% 44.5%
Announcement Date 4/25/22 3/15/23 3/29/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
8.47 CNY
Average target price
11.66 CNY
Spread / Average Target
+37.63%
Consensus

Annual profits - Rate of surprise

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