Financials China Railway High-speed Electrification Equipment Corporation Limited

Equities

688285

CNE100005006

Electrical Components & Equipment

End-of-day quote Shanghai S.E. 18:00:00 2024-05-13 EDT 5-day change 1st Jan Change
7 CNY -0.85% Intraday chart for China Railway High-speed Electrification Equipment Corporation Limited -2.51% -21.17%

Valuation

Fiscal Period: December 2021 2022 2023
Capitalization 1 3,827 2,894 3,341
Enterprise Value (EV) 1 3,224 2,349 2,950
P/E ratio 21.5 x 20.4 x 60.6 x
Yield 0.92% 0.99% 0.25%
Capitalization / Revenue 2.7 x 1.94 x 2.78 x
EV / Revenue 2.28 x 1.58 x 2.45 x
EV / EBITDA 18 x 13 x 34.6 x
EV / FCF -114 x -30.2 x -21.1 x
FCF Yield -0.87% -3.31% -4.74%
Price to Book 2.59 x 1.83 x 2.07 x
Nbr of stocks (in thousands) 376,290 376,290 376,290
Reference price 2 10.17 7.690 8.880
Announcement Date 22-03-22 23-03-23 24-03-26
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,127 1,412 1,355 1,415 1,488 1,203
EBITDA 1 107.3 181.2 212.3 179.5 181.3 85.38
EBIT 1 89.75 167.2 198.7 163.5 160.4 57.9
Operating Margin 7.96% 11.84% 14.67% 11.55% 10.78% 4.81%
Earnings before Tax (EBT) 1 89.88 171.9 193.3 166.3 169.6 68.2
Net income 1 74.84 142.9 158.8 141.2 141.7 55.13
Net margin 6.64% 10.12% 11.73% 9.98% 9.52% 4.58%
EPS 2 0.2652 0.5064 0.5600 0.4740 0.3766 0.1465
Free Cash Flow 1 180.1 -133.8 -43.24 -28.16 -77.66 -139.7
FCF margin 15.98% -9.48% -3.19% -1.99% -5.22% -11.62%
FCF Conversion (EBITDA) 167.78% - - - - -
FCF Conversion (Net income) 240.64% - - - - -
Dividend per Share - 0.2671 - 0.0940 0.0760 0.0220
Announcement Date 19-03-21 20-03-22 21-02-25 22-03-22 23-03-23 24-03-26
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 12 - - -
Net Cash position 1 198 95.2 - 603 545 391
Leverage (Debt/EBITDA) - - 0.0563 x - - -
Free Cash Flow 1 180 -134 -43.2 -28.2 -77.7 -140
ROE (net income / shareholders' equity) 18.3% 26.5% 24.4% 13.2% 9.5% 3.8%
ROA (Net income/ Total Assets) 3.48% 5.92% 6.18% 3.94% 3.22% 1.13%
Assets 1 2,149 2,414 2,571 3,584 4,401 4,868
Book Value Per Share 2 1.590 2.230 2.490 3.930 4.210 4.280
Cash Flow per Share 2 0.7000 0.7800 1.090 2.360 2.020 1.610
Capex 1 28.3 27.4 58.3 64.2 77 106
Capex / Sales 2.51% 1.94% 4.3% 4.54% 5.17% 8.85%
Announcement Date 19-03-21 20-03-22 21-02-25 22-03-22 23-03-23 24-03-26
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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