Financials Anfu CE LINK Limited

Equities

300787

CNE100003N50

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 18:00:00 2024-05-09 EDT 5-day change 1st Jan Change
13.1 CNY -2.09% Intraday chart for Anfu CE LINK Limited +0.15% -22.12%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 8,003 5,300 4,125 4,062 3,800
Enterprise Value (EV) 1 7,488 5,257 4,469 3,816 3,576
P/E ratio 56.2 x 46.7 x 22.2 x 12.6 x 29.5 x
Yield 0.53% 0.84% 1.85% 3.68% -
Capitalization / Revenue 7.25 x 3.39 x 1.98 x 1.7 x 2 x
EV / Revenue 6.79 x 3.36 x 2.15 x 1.6 x 1.88 x
EV / EBITDA 60.2 x 29.5 x 16.6 x 8.78 x 13.1 x
EV / FCF -41.7 x -10.7 x -10.4 x 6.34 x -36.6 x
FCF Yield -2.4% -9.35% -9.6% 15.8% -2.73%
Price to Book 7.09 x 4.4 x 3.04 x 2.63 x 2.13 x
Nbr of stocks (in thousands) 229,176 229,176 229,176 224,256 225,941
Reference price 2 34.92 23.13 18.00 18.11 16.82
Announcement Date 20-04-08 21-04-01 22-03-21 23-04-25 24-04-25
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,130 1,104 1,566 2,080 2,386 1,903
EBITDA 1 140 124.4 178.1 269.2 434.6 273.9
EBIT 1 117.2 91.29 124.5 188.1 333.8 160.8
Operating Margin 10.37% 8.27% 7.95% 9.04% 13.99% 8.45%
Earnings before Tax (EBT) 1 132.7 126.5 123 183.6 375.6 136.7
Net income 1 116.6 118.7 113.5 186 326 128.8
Net margin 10.31% 10.76% 7.25% 8.94% 13.66% 6.77%
EPS 2 0.6783 0.6217 0.4953 0.8117 1.435 0.5698
Free Cash Flow 1 -88.1 -179.4 -491.7 -429.1 601.9 -97.6
FCF margin -7.79% -16.26% -31.41% -20.63% 25.23% -5.13%
FCF Conversion (EBITDA) - - - - 138.5% -
FCF Conversion (Net income) - - - - 184.64% -
Dividend per Share - 0.1852 0.1944 0.3333 0.6667 -
Announcement Date 19-07-28 20-04-08 21-04-01 22-03-21 23-04-25 24-04-25
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 344 - -
Net Cash position 1 97.7 515 43.2 - 246 225
Leverage (Debt/EBITDA) - - - 1.279 x - -
Free Cash Flow 1 -88.1 -179 -492 -429 602 -97.6
ROE (net income / shareholders' equity) 25% 14.5% 9.73% 14.5% 22.3% 7.85%
ROA (Net income/ Total Assets) 9.58% 4.82% 4.46% 5.27% 8.02% 3.36%
Assets 1 1,218 2,461 2,547 3,529 4,064 3,829
Book Value Per Share 2 2.940 4.920 5.260 5.920 6.900 7.910
Cash Flow per Share 2 0.5800 2.440 1.200 1.170 3.410 4.510
Capex 1 153 248 488 351 119 443
Capex / Sales 13.53% 22.44% 31.19% 16.87% 4.99% 23.3%
Announcement Date 19-07-28 20-04-08 21-04-01 22-03-21 23-04-25 24-04-25
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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