Financials Beijing Dahao Technology Corp.,Ltd

Equities

603025

CNE1000023H7

Industrial Machinery & Equipment

End-of-day quote Shanghai S.E. 18:00:00 2024-04-29 EDT 5-day change 1st Jan Change
12.96 CNY -0.77% Intraday chart for Beijing Dahao Technology Corp.,Ltd -4.35% -2.26%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 10,279 8,771 25,255 24,440 17,562 14,708
Enterprise Value (EV) 1 9,471 8,006 24,492 23,699 16,921 13,970
P/E ratio 27.9 x 33.8 x 119 x 67.7 x 40.4 x 35.8 x
Yield 2.69% 2.32% 0.81% 1.52% 1.05% 2.26%
Capitalization / Revenue 9.56 x 9.02 x 30.3 x 16.2 x 11 x 7.24 x
EV / Revenue 8.81 x 8.23 x 29.4 x 15.7 x 10.6 x 6.87 x
EV / EBITDA 24.5 x 28.7 x 125 x 58.6 x 40.1 x 28.5 x
EV / FCF 58 x 44.9 x 193 x 255 x 86.5 x 102 x
FCF Yield 1.73% 2.23% 0.52% 0.39% 1.16% 0.98%
Price to Book 5.65 x 4.88 x 13.9 x 12.4 x 8.62 x 6.81 x
Nbr of stocks (in thousands) 1,106,269 1,111,382 1,111,322 1,111,322 1,109,200 1,109,175
Reference price 2 9.292 7.892 22.72 21.99 15.83 13.26
Announcement Date 19-03-19 20-03-09 21-04-27 22-03-09 23-04-20 24-04-24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,075 972.9 832.5 1,505 1,598 2,033
EBITDA 1 386.6 278.8 196.2 404.2 421.5 489.9
EBIT 1 366.3 258.1 175.4 380.5 393.2 457.8
Operating Margin 34.08% 26.53% 21.07% 25.28% 24.61% 22.52%
Earnings before Tax (EBT) 1 425.6 296.9 251 416 514.2 490.7
Net income 1 369.6 254.5 214.3 357.9 435.2 405.5
Net margin 34.39% 26.16% 25.75% 23.79% 27.24% 19.95%
EPS 2 0.3333 0.2333 0.1917 0.3250 0.3917 0.3700
Free Cash Flow 1 163.4 178.3 126.7 92.92 195.7 136.9
FCF margin 15.2% 18.33% 15.22% 6.17% 12.25% 6.73%
FCF Conversion (EBITDA) 42.26% 63.98% 64.59% 22.99% 46.43% 27.94%
FCF Conversion (Net income) 44.2% 70.06% 59.12% 25.96% 44.97% 33.75%
Dividend per Share 2 0.2500 0.1833 0.1833 0.3333 0.1667 0.3000
Announcement Date 19-03-19 20-03-09 21-04-27 22-03-09 23-04-20 24-04-24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 809 764 763 741 641 737
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 163 178 127 92.9 196 137
ROE (net income / shareholders' equity) 19.7% 14% 11.8% 18.9% 21.8% 19.1%
ROA (Net income/ Total Assets) 11.2% 7.91% 5.26% 10.8% 9.01% 8.1%
Assets 1 3,310 3,217 4,077 3,312 4,829 5,004
Book Value Per Share 2 1.640 1.620 1.630 1.780 1.840 1.950
Cash Flow per Share 2 0.1800 0.1700 0.5900 0.6700 0.8600 1.110
Capex 1 15.9 38.1 48.7 18.5 13.2 13.5
Capex / Sales 1.48% 3.92% 5.85% 1.23% 0.83% 0.66%
Announcement Date 19-03-19 20-03-09 21-04-27 22-03-09 23-04-20 24-04-24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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