ADD INDUSTRY (ZHEJIANG) CO., LTD Financials ADD Industry (Zhejiang) CO., LTD
Equities
603089
CNE100002Z32
Auto, Truck & Motorcycle Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10 CNY | +2.88% |
|
-0.99% | -12.89% |
| 04-26 | ADD Industry CO., LTD Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 04-18 | ADD Industry CO., LTD Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,739 | 2,210 | 2,514 | 2,071 | 1,838 | 2,554 |
| Enterprise Value (EV) 1 | 1,692 | 2,270 | 2,500 | 2,298 | 2,308 | 3,150 |
| P/E ratio | 17.3 x | 29.8 x | 21.9 x | 33.3 x | 25.8 x | 44.2 x |
| Yield | 1.84% | 2.8% | 1.32% | 1.07% | 1.21% | - |
| Capitalization / Revenue | 1.61 x | 1.99 x | 2.21 x | 1.29 x | 1.08 x | 1.45 x |
| EV / Revenue | 1.56 x | 2.05 x | 2.2 x | 1.43 x | 1.36 x | 1.79 x |
| EV / EBITDA | 13.5 x | 11.4 x | 16.2 x | 15.3 x | 14.6 x | 15.1 x |
| EV / FCF | -26 x | -17.8 x | -19.4 x | -10.7 x | -9.64 x | -12.9 x |
| FCF Yield | -3.85% | -5.63% | -5.16% | -9.33% | -10.4% | -7.74% |
| Price to Book | 2.23 x | 2.69 x | 2.47 x | 1.97 x | 1.66 x | 2.22 x |
| Nbr of stocks (in thousands) | 208,807 | 208,807 | 221,124 | 222,498 | 222,501 | 222,501 |
| Reference price 2 | 8.327 | 10.59 | 11.37 | 9.310 | 8.260 | 11.48 |
| Announcement Date | 4/15/19 | 4/21/20 | 4/22/21 | 4/21/22 | 4/20/23 | 4/18/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,083 | 1,109 | 1,138 | 1,611 | 1,700 | 1,758 |
| EBITDA 1 | 125.2 | 198.3 | 154.4 | 149.8 | 158.3 | 208.1 |
| EBIT 1 | 99.36 | 139.1 | 77.57 | 66.02 | 73.41 | 108.8 |
| Operating Margin | 9.18% | 12.55% | 6.82% | 4.1% | 4.32% | 6.19% |
| Earnings before Tax (EBT) 1 | 122.4 | 121.7 | 140.4 | 75.08 | 78.12 | 80.82 |
| Net income 1 | 100.8 | 74.48 | 109.9 | 62.65 | 70.55 | 58.87 |
| Net margin | 9.31% | 6.72% | 9.66% | 3.89% | 4.15% | 3.35% |
| EPS 2 | 0.4802 | 0.3556 | 0.5187 | 0.2800 | 0.3200 | 0.2600 |
| Free Cash Flow 1 | -65.06 | -127.8 | -129 | -214.3 | -239.5 | -243.9 |
| FCF margin | -6.01% | -11.53% | -11.34% | -13.3% | -14.09% | -13.87% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1533 | 0.2963 | 0.1500 | 0.1000 | 0.1000 | - |
| Announcement Date | 4/15/19 | 4/21/20 | 4/22/21 | 4/21/22 | 4/20/23 | 4/18/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 59.9 | - | 226 | 470 | 596 |
| Net Cash position 1 | 46.9 | - | 14.4 | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.3019 x | - | 1.51 x | 2.97 x | 2.863 x |
| Free Cash Flow 1 | -65.1 | -128 | -129 | -214 | -240 | -244 |
| ROE (net income / shareholders' equity) | 13.3% | 11% | 10.7% | 6.02% | 4.73% | 4.79% |
| ROA (Net income/ Total Assets) | 4.69% | 5.52% | 2.89% | 2.05% | 1.99% | 2.64% |
| Assets 1 | 2,149 | 1,349 | 3,806 | 3,053 | 3,547 | 2,229 |
| Book Value Per Share 2 | 3.730 | 3.940 | 4.600 | 4.720 | 4.970 | 5.170 |
| Cash Flow per Share 2 | 1.080 | 0.6500 | 0.5600 | 0.6000 | 0.5200 | 0.7100 |
| Capex 1 | 74.7 | 139 | 205 | 222 | 435 | 369 |
| Capex / Sales | 6.9% | 12.53% | 18.01% | 13.77% | 25.57% | 21% |
| Announcement Date | 4/15/19 | 4/21/20 | 4/22/21 | 4/21/22 | 4/20/23 | 4/18/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -12.89% | 301M | |
| +4.28% | 2.83B | |
| -3.30% | 2.27B | |
| -0.75% | 1.85B | |
| +25.41% | 1.82B | |
| +6.52% | 1.75B | |
| -8.80% | 907M | |
| +15.39% | 861M | |
| -20.42% | 695M | |
| +42.18% | 683M |
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