DIWANG INDUSTRIAL HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.145 HKD | -2.03% |
|
-4.61% | -27.50% |
| 03-28 | Diwang Industrial Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 03-01 | Diwang Industrial Holdings Limited Announces Company Secretary Changes | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 |
|---|---|---|---|
| Capitalization 1 | 218.8 | 109.5 | 195.9 |
| Enterprise Value (EV) 1 | 139.2 | 44.8 | 148.5 |
| P/E ratio | -65.9 x | -40.2 x | 7.98 x |
| Yield | - | - | - |
| Capitalization / Revenue | 1.63 x | 0.47 x | 0.39 x |
| EV / Revenue | 1.04 x | 0.19 x | 0.3 x |
| EV / EBITDA | 11.5 x | 3.07 x | 1.64 x |
| EV / FCF | 13.5 x | -1.14 x | -3.17 x |
| FCF Yield | 7.42% | -87.5% | -31.5% |
| Price to Book | 0.92 x | 0.41 x | 0.59 x |
| Nbr of stocks (in thousands) | 200,000 | 240,000 | 288,000 |
| Reference price 2 | 1.094 | 0.4563 | 0.6800 |
| Announcement Date | 21-04-29 | 22-04-22 | 23-04-21 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 157.6 | 167.3 | 182.7 | 134.4 | 233.9 | 501.4 |
| EBITDA 1 | 33.99 | 36.51 | 47.58 | 12.07 | 14.61 | 90.38 |
| EBIT 1 | 25.99 | 29.88 | 41.07 | 5.705 | 7.934 | 83.46 |
| Operating Margin | 16.49% | 17.86% | 22.48% | 4.24% | 3.39% | 16.64% |
| Earnings before Tax (EBT) 1 | 38.49 | 35.31 | 28.98 | -2.788 | -1.476 | 62.67 |
| Net income 1 | 34.95 | 30.79 | 24.12 | -3.157 | -2.6 | 21.85 |
| Net margin | 22.17% | 18.4% | 13.21% | -2.35% | -1.11% | 4.36% |
| EPS 2 | 0.2330 | 0.2053 | 0.1608 | -0.0166 | -0.0113 | 0.0852 |
| Free Cash Flow 1 | -20.51 | 13.88 | -0.432 | 10.33 | -39.2 | -46.8 |
| FCF margin | -13.01% | 8.3% | -0.24% | 7.69% | -16.76% | -9.33% |
| FCF Conversion (EBITDA) | - | 38.03% | - | 85.59% | - | - |
| FCF Conversion (Net income) | - | 45.09% | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 20-02-27 | 20-02-27 | 20-04-28 | 21-04-29 | 22-04-22 | 23-04-21 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 3.79 | - | 8.88 | - | - | - |
| Net Cash position 1 | - | 0.16 | - | 79.6 | 64.7 | 47.4 |
| Leverage (Debt/EBITDA) | 0.1113 x | - | 0.1866 x | - | - | - |
| Free Cash Flow 1 | -20.5 | 13.9 | -0.43 | 10.3 | -39.2 | -46.8 |
| ROE (net income / shareholders' equity) | 27% | 22.5% | 17.8% | -1.65% | -1.03% | 12.8% |
| ROA (Net income/ Total Assets) | 8.11% | 10% | 13.5% | 1.52% | 1.72% | 13.7% |
| Assets 1 | 431 | 307.7 | 179.2 | -207.9 | -151.3 | 159.1 |
| Book Value Per Share 2 | 0.9800 | 0.8500 | 0.9600 | 1.190 | 1.120 | 1.150 |
| Cash Flow per Share 2 | 0.0400 | 0.0700 | 0.0900 | 0.4000 | 0.1200 | 0.1700 |
| Capex 1 | 8.44 | 2.64 | 5.15 | 9.41 | 30.2 | 27.6 |
| Capex / Sales | 5.36% | 1.58% | 2.82% | 7% | 12.9% | 5.5% |
| Announcement Date | 20-02-27 | 20-02-27 | 20-04-28 | 21-04-29 | 22-04-22 | 23-04-21 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -27.50% | 13.36M | |
| +2.87% | 81.39B | |
| -9.51% | 31.85B | |
| -18.55% | 31.82B | |
| -3.42% | 16.59B | |
| +1.08% | 14.53B | |
| -15.69% | 11.59B | |
| +6.09% | 7.95B | |
| -18.88% | 6.84B | |
| -13.55% | 2.81B |
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