Financials Changzhou Kaidi Electrical Inc.

Equities

605288

CNE100003ZX8

Electrical Components & Equipment

End-of-day quote Shanghai S.E. 18:00:00 2024-06-06 EDT 5-day change 1st Jan Change
31.85 CNY +2.15% Intraday chart for Changzhou Kaidi Electrical Inc. -8.58% -32.41%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 6,245 4,563 2,684 3,308
Enterprise Value (EV) 1 5,004 3,537 1,797 2,298
P/E ratio 31.7 x 38.9 x 55.1 x 30.8 x
Yield 0.82% 0.77% 0.71% 0.98%
Capitalization / Revenue 4.91 x 2.65 x 2.29 x 2.68 x
EV / Revenue 3.93 x 2.06 x 1.53 x 1.86 x
EV / EBITDA 20.7 x 22.2 x 36.3 x 14.4 x
EV / FCF -73.3 x -36.4 x -24.7 x 15.4 x
FCF Yield -1.36% -2.75% -4.05% 6.5%
Price to Book 3.2 x 2.22 x 1.29 x 1.53 x
Nbr of stocks (in thousands) 70,000 70,682 70,566 70,199
Reference price 2 89.21 64.55 38.03 47.12
Announcement Date 21-04-28 22-04-27 23-04-28 24-04-29
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,139 1,222 1,272 1,718 1,172 1,234
EBITDA 1 301.6 255.3 241.8 159.5 49.51 159.1
EBIT 1 282.3 229.2 212.7 121.6 4.309 93.13
Operating Margin 24.79% 18.76% 16.72% 7.08% 0.37% 7.55%
Earnings before Tax (EBT) 1 309.9 253.4 206.7 132.8 56.4 129.7
Net income 1 261.5 215.8 172.5 116.6 48.58 107.6
Net margin 22.96% 17.67% 13.56% 6.78% 4.15% 8.72%
EPS 2 4.979 4.114 2.814 1.660 0.6900 1.530
Free Cash Flow 1 289.9 -183.7 -68.23 -97.16 -72.8 149.4
FCF margin 25.46% -15.03% -5.36% -5.65% -6.21% 12.11%
FCF Conversion (EBITDA) 96.12% - - - - 93.93%
FCF Conversion (Net income) 110.88% - - - - 138.85%
Dividend per Share - - 0.7329 0.4960 0.2700 0.4600
Announcement Date 19-10-18 20-05-17 21-04-28 22-04-27 23-04-28 24-04-29
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 216 236 1,241 1,025 887 1,010
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 290 -184 -68.2 -97.2 -72.8 149
ROE (net income / shareholders' equity) 49.6% 35.3% 12.8% 5.79% 2.35% 5.06%
ROA (Net income/ Total Assets) 17.6% 11.2% 6.68% 2.76% 0.1% 2.25%
Assets 1 1,482 1,920 2,582 4,226 48,922 4,787
Book Value Per Share 2 9.580 13.70 27.90 29.10 29.50 30.90
Cash Flow per Share 2 4.160 3.420 8.640 9.250 10.10 13.10
Capex 1 144 85 127 170 96.9 92.3
Capex / Sales 12.6% 6.96% 10.02% 9.92% 8.27% 7.48%
Announcement Date 19-10-18 20-05-17 21-04-28 22-04-27 23-04-28 24-04-29
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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