Financials China Electronics Optics Valley Union Holding Company Limited

Equities

798

KYG2119Q1091

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:20 2024-05-14 EDT 5-day change 1st Jan Change
0.32 HKD 0.00% Intraday chart for China Electronics Optics Valley Union Holding Company Limited +1.59% -23.81%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,807 3,217 2,592 2,419 2,556 2,811
Enterprise Value (EV) 1 5,934 7,053 6,820 6,677 8,213 8,994
P/E ratio 5.34 x 5.82 x 5.7 x 3.86 x 4.87 x 5.7 x
Yield 5.64% 5.26% 4.81% 6.23% 6.36% 6.03%
Capitalization / Revenue 0.94 x 0.95 x 0.85 x 0.53 x 0.46 x 0.54 x
EV / Revenue 1.98 x 2.09 x 2.24 x 1.47 x 1.49 x 1.72 x
EV / EBITDA 7.95 x 9.58 x 9.15 x 7.95 x 7.21 x 8.52 x
EV / FCF -15.1 x -46.3 x 6.7 x 19.1 x -62.4 x 10.3 x
FCF Yield -6.62% -2.16% 14.9% 5.23% -1.6% 9.7%
Price to Book 0.47 x 0.49 x 0.38 x 0.33 x 0.33 x 0.35 x
Nbr of stocks (in thousands) 7,433,378 7,421,354 7,421,354 7,421,354 7,421,354 7,363,834
Reference price 2 0.3776 0.4334 0.3493 0.3259 0.3444 0.3817
Announcement Date 4/22/19 5/14/20 4/20/21 4/21/22 4/21/23 4/16/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,001 3,377 3,049 4,531 5,523 5,221
EBITDA 1 746.5 735.9 745.5 839.5 1,138 1,056
EBIT 1 679 653.2 649.9 766.5 1,072 971.3
Operating Margin 22.63% 19.34% 21.32% 16.92% 19.42% 18.61%
Earnings before Tax (EBT) 1 903.7 956.7 816.9 1,085 990.9 981.9
Net income 1 541.5 569.3 464.3 640.2 536.1 506.7
Net margin 18.04% 16.86% 15.23% 14.13% 9.71% 9.71%
EPS 2 0.0707 0.0744 0.0613 0.0845 0.0708 0.0670
Free Cash Flow 1 -392.7 -152.3 1,018 349.2 -131.5 872.4
FCF margin -13.08% -4.51% 33.38% 7.71% -2.38% 16.71%
FCF Conversion (EBITDA) - - 136.49% 41.6% - 82.63%
FCF Conversion (Net income) - - 219.14% 54.55% - 172.17%
Dividend per Share 2 0.0213 0.0228 0.0168 0.0203 0.0219 0.0230
Announcement Date 4/22/19 5/14/20 4/20/21 4/21/22 4/21/23 4/16/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3,128 3,836 4,228 4,258 5,656 6,183
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.19 x 5.213 x 5.671 x 5.072 x 4.968 x 5.857 x
Free Cash Flow 1 -393 -152 1,018 349 -132 872
ROE (net income / shareholders' equity) 8.57% 8.18% 6.93% 7.42% 6.01% 5.93%
ROA (Net income/ Total Assets) 2.97% 2.49% 2.19% 2.35% 3.07% 2.65%
Assets 1 18,213 22,867 21,173 27,217 17,471 19,136
Book Value Per Share 2 0.8000 0.8900 0.9300 1.000 1.040 1.100
Cash Flow per Share 2 0.2500 0.2200 0.2900 0.2900 0.3000 0.2600
Capex 1 138 77 21.7 43.4 91.3 47.2
Capex / Sales 4.59% 2.28% 0.71% 0.96% 1.65% 0.9%
Announcement Date 4/22/19 5/14/20 4/20/21 4/21/22 4/21/23 4/16/24
1CNY in Million2CNY
Estimates
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