BEAR ELECTRIC APPLIANCE CO.,LTD. Financials Bear Electric Appliance Co.,Ltd.
Equities
002959
CNE100003N27
Appliances, Tools & Housewares
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 58.47 CNY | +2.80% |
|
+6.37% | +12.59% |
| 04-26 | Bear Electric Appliance Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 04-09 | Bear Electric Appliance Co.,Ltd. Proposes Final Dividend for the Year 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,328 | 17,683 | 9,992 | 9,326 | 8,054 | 9,081 | - | - |
| Enterprise Value (EV) 1 | 8,328 | 17,683 | 9,992 | 7,891 | 7,017 | 7,370 | 7,138 | 6,868 |
| P/E ratio | 31.1 x | 41.3 x | 35.2 x | 24.4 x | 18.4 x | 18.6 x | 16.8 x | 14.8 x |
| Yield | - | 1.06% | 0.94% | 1.33% | 2.31% | 2.21% | 2.54% | 3.12% |
| Capitalization / Revenue | 3.1 x | 4.83 x | 2.77 x | 2.26 x | 1.71 x | 1.75 x | 1.56 x | 1.39 x |
| EV / Revenue | 3.1 x | 4.83 x | 2.77 x | 1.92 x | 1.49 x | 1.42 x | 1.22 x | 1.05 x |
| EV / EBITDA | 21.7 x | 33.4 x | 22.1 x | 12.7 x | 10.9 x | 11.9 x | 9.25 x | 7.71 x |
| EV / FCF | - | 19.6 x | -39.4 x | 25.4 x | 26.9 x | 19.9 x | 10.3 x | 10.4 x |
| FCF Yield | - | 5.1% | -2.54% | 3.93% | 3.72% | 5.03% | 9.7% | 9.64% |
| Price to Book | 5 x | 8.96 x | 4.83 x | 4.12 x | 3.06 x | 2.99 x | 2.68 x | 2.37 x |
| Nbr of stocks (in thousands) | 156,000 | 156,000 | 156,444 | 154,611 | 155,100 | 155,313 | - | - |
| Reference price 2 | 53.38 | 113.4 | 63.87 | 60.32 | 51.93 | 58.47 | 58.47 | 58.47 |
| Announcement Date | 20-02-25 | 21-04-28 | 22-04-08 | 23-02-16 | 24-04-08 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,688 | 3,660 | 3,606 | 4,118 | 4,712 | 5,204 | 5,836 | 6,512 |
| EBITDA 1 | 383.6 | 529.6 | 451.9 | 620.3 | 645.1 | 620.3 | 771.6 | 890.2 |
| EBIT 1 | 331.8 | 520.1 | 333.8 | 486.8 | 492.4 | 570.3 | 647.4 | 732.6 |
| Operating Margin | 12.34% | 14.21% | 9.26% | 11.82% | 10.45% | 10.96% | 11.09% | 11.25% |
| Earnings before Tax (EBT) 1 | 332.1 | 518.4 | 329.5 | 454.9 | 514.7 | 579.9 | 641.9 | 726.4 |
| Net income 1 | 268.2 | 428.1 | 283.4 | 386.3 | 445.3 | 492.5 | 547.1 | 619.7 |
| Net margin | 9.98% | 11.7% | 7.86% | 9.38% | 9.45% | 9.46% | 9.37% | 9.52% |
| EPS 2 | 1.719 | 2.744 | 1.817 | 2.475 | 2.823 | 3.141 | 3.488 | 3.950 |
| Free Cash Flow 1 | - | 901 | -253.9 | 310.4 | 261 | 371 | 692 | 662 |
| FCF margin | - | 24.62% | -7.04% | 7.54% | 5.54% | 7.13% | 11.86% | 10.17% |
| FCF Conversion (EBITDA) | - | 170.11% | - | 50.04% | 40.47% | 59.81% | 89.68% | 74.36% |
| FCF Conversion (Net income) | - | 210.44% | - | 80.34% | 58.62% | 75.33% | 126.49% | 106.83% |
| Dividend per Share 2 | - | 1.200 | 0.6000 | 0.8000 | 1.200 | 1.290 | 1.488 | 1.823 |
| Announcement Date | 20-02-25 | 21-04-28 | 22-04-08 | 23-02-16 | 24-04-08 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,242 | - | 871.3 | 1,848 | 850.3 | 1,419 | 1,251 | 1,090 | 2,341 | 976.9 | 1,394 | 1,194 | 1,127 | 1,084 | 1,633 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | 174.3 | 201.7 | 68.77 | 270.4 | 69.75 | 152.2 | 178.8 | - | - | - |
| Operating Margin | - | - | - | - | - | 12.28% | 16.12% | 6.31% | 11.55% | 7.14% | 10.92% | 14.98% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 94.42 | 104.2 | 44.1 | 148.3 | 92.19 | - | - | 71.86 | 236.7 | - | 129.7 | 150.8 | - | - | - |
| Net margin | 7.6% | - | 5.06% | 8.02% | 10.84% | - | - | 6.59% | 10.11% | - | 9.31% | 12.63% | - | - | - |
| EPS 2 | - | 0.6677 | - | - | - | 0.9333 | 1.033 | 0.4705 | 1.503 | 0.5125 | 0.8093 | 0.9476 | 0.5400 | 0.6200 | 0.9400 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 22-04-08 | 22-04-28 | 22-08-30 | 22-08-30 | 22-10-27 | 23-02-16 | 23-04-28 | 23-08-26 | 23-08-26 | 23-10-27 | 24-04-08 | 24-04-26 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 1,435 | 1,037 | 1,711 | 1,943 | 2,213 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 901 | -254 | 310 | 261 | 371 | 692 | 662 |
| ROE (net income / shareholders' equity) | 29.6% | 23.7% | 14.1% | 17.5% | 17.5% | 16% | 16.2% | 16.3% |
| ROA (Net income/ Total Assets) | - | 13.8% | 7.75% | 9.1% | - | 8.35% | 8.53% | 8.7% |
| Assets 1 | - | 3,112 | 3,654 | 4,245 | - | 5,898 | 6,417 | 7,123 |
| Book Value Per Share 2 | 10.70 | 12.60 | 13.20 | 14.60 | 17.00 | 19.60 | 21.90 | 24.60 |
| Cash Flow per Share 2 | 2.610 | 7.740 | 1.090 | 3.930 | 4.360 | 4.950 | 5.630 | 5.290 |
| Capex 1 | 224 | 307 | 425 | 303 | 424 | 236 | 212 | 197 |
| Capex / Sales | 8.34% | 8.38% | 11.79% | 7.36% | 8.99% | 4.53% | 3.64% | 3.03% |
| Announcement Date | 20-02-25 | 21-04-28 | 22-04-08 | 23-02-16 | 24-04-08 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
58.47
CNY
Average target price
65.74
CNY
Spread / Average Target
+12.44%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.59% | 1.25B | |
| +7.60% | 2.24B | |
| +21.29% | 1.89B | |
| -5.66% | 1.16B | |
| +2.96% | 945M | |
| +21.49% | 457M | |
| -25.38% | 414M | |
| -16.05% | 404M | |
| -1.33% | 402M | |
| -8.88% | 367M |
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