Projected Income Statement: BAIC BluePark New Energy Technology Co., Ltd.

Forecast Balance Sheet: BAIC BluePark New Energy Technology Co., Ltd.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 16,761 10,414 8,157 5,952 -4,175 2,510 4,087 4,247
Change - -37.87% -21.67% -27.03% -170.14% 160.12% 62.83% 3.91%
Announcement Date 4/29/21 3/25/22 4/28/23 4/26/24 4/28/25 - - -
1CNY in Million
Estimates

Cash Flow Forecast: BAIC BluePark New Energy Technology Co., Ltd.

Fiscal Period: December 2021 2023 2024 2025 2026 2027
CAPEX 1 2,246 1,570 2,436 5,424 4,006 5,102
Change - - 55.12% 122.65% -26.15% 27.37%
Free Cash Flow (FCF) 1 - - - -14,131 -3,804 -2,629
Change - - - - 73.08% 30.89%
Announcement Date 3/25/22 4/26/24 4/28/25 - - -
1CNY in Million
Estimates

Forecast Financial Ratios: BAIC BluePark New Energy Technology Co., Ltd.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) -47.71% -23.69% -40.09% -26.72% -28.88% -4.41% 1.38% 5.58%
EBIT Margin (%) -124.41% -59.55% -57.02% -37.36% -46.71% -13.67% -2.67% 1.55%
EBT Margin (%) -124.45% -59.56% -57.02% -37.36% -46.85% -15.1% -3.59% -0.19%
Net margin (%) -122.95% -60.3% -57.44% -37.71% -47.88% -12.93% -2.71% 0.02%
FCF margin (%) - - - - - -44.18% -6.27% -3.52%
FCF / Net Income (%) - - - - - 341.58% 231.35% -14,269.91%

Profitability

        
ROA - -12.68% - -17.37% -20.28% -7.81% -3.91% -0.45%
ROE -45.8% -47.58% -65.14% -83.23% -246.66% -262.36% -305.46% 52.97%

Financial Health

        
Leverage (Debt/EBITDA) -6.66x -5.06x -2.14x -1.56x - -1.78x 4.9x 1.02x
Debt / Free cash flow - - - - - -0.18x -1.07x -1.62x

Capital Intensity

        
CAPEX / Current Assets (%) - 25.82% - 10.97% 16.79% 16.96% 6.6% 6.84%
CAPEX / EBITDA (%) - -109.01% - -41.06% -58.13% -384.66% 480.05% 122.55%
CAPEX / FCF (%) - - - - - -38.38% -105.3% -194.07%

Items per share

        
Cash flow per share 1 -1.895 1.163 0.8214 -0.0834 -0.282 -0.0932 1.729 1.161
Change - 161.36% -29.36% -110.15% -238.13% 66.94% 1,954.72% -32.86%
Dividend per Share 1 - - - - - - - -
Change - - - - - - - -
Book Value Per Share 1 3.126 2.594 1.323 1.129 0.9887 0.3715 0.1444 0.226
Change - -17.02% -49% -14.68% -12.4% -62.43% -61.13% 56.56%
EPS 1 -1.856 -1.304 -1.275 -1.072 -1.247 -0.8079 -0.3324 -0.0369
Change - 29.75% 2.21% 15.91% -16.3% 35.19% 58.85% 88.89%
Nbr of stocks (in thousands) 3,493,659 4,287,310 4,287,310 5,573,503 5,573,503 6,367,154 6,367,154 6,367,154
Announcement Date 4/29/21 3/25/22 4/28/23 4/26/24 4/28/25 - - -
1CNY
Estimates
2025 *2026 *
P/E ratio -10.1x -24.4x
PBR 21.9x 56.2x
EV / Sales 1.69x 0.92x
Yield - -
More valuation ratios * Estimated data

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
8.120CNY
Average target price
9.536CNY
Spread / Average Target
+17.44%
Consensus

Annual profits - Rate of surprise

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  2. Equities
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  4. Financials BAIC BluePark New Energy Technology Co., Ltd.