Financials Guangdong Mingyang Electric Co.,Ltd.

Equities

301291

CNE1000064F5

Heavy Electrical Equipment

End-of-day quote Shenzhen S.E. 18:00:00 2024-05-21 EDT 5-day change 1st Jan Change
37.88 CNY -0.86% Intraday chart for Guangdong Mingyang Electric Co.,Ltd. -10.62% +33.57%

Valuation

Fiscal Period: December 2023 2024 2025 2026
Capitalization 1 8,854 11,729 - -
Enterprise Value (EV) 1 8,854 11,729 11,729 11,729
P/E ratio 15.6 x 17.2 x 13.7 x -
Yield 2.54% 2.61% 3.41% 4.22%
Capitalization / Revenue 1.79 x 1.72 x 1.36 x 1.02 x
EV / Revenue 1.79 x 1.72 x 1.36 x 1.02 x
EV / EBITDA 14.9 x 15 x 11.4 x 8.88 x
EV / FCF - - - -
FCF Yield - - - -
Price to Book 2.1 x 2.54 x 2.24 x 1.98 x
Nbr of stocks (in thousands) 312,200 312,200 - -
Reference price 2 28.36 37.88 37.88 37.88
Announcement Date 24-04-24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2022 2023 2024 2025 2026
Net sales 1 - 4,948 6,828 8,608 11,545
EBITDA 1 - 595.2 779.5 1,033 1,322
EBIT 1 - 559.9 732.5 950 1,240
Operating Margin - 11.32% 10.73% 11.04% 10.74%
Earnings before Tax (EBT) 1 - 560.1 732.5 950.3 1,240
Net income 1 265.3 497.9 644 851 1,106
Net margin - 10.06% 9.43% 9.89% 9.58%
EPS 2 1.130 1.820 2.200 2.755 -
Free Cash Flow - - - - -
FCF margin - - - - -
FCF Conversion (EBITDA) - - - - -
FCF Conversion (Net income) - - - - -
Dividend per Share 2 - 0.7200 0.9900 1.290 1.600
Announcement Date 23-06-07 24-04-24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2022 2023 2024 2025 2026
Net Debt - - - - -
Net Cash position - - - - -
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow - - - - -
ROE (net income / shareholders' equity) - 19.1% 14% 16.2% 18.5%
ROA (Net income/ Total Assets) - 6.35% 6.87% 7.36% 8.02%
Assets 1 - 7,836 9,381 11,570 13,799
Book Value Per Share 2 - 13.50 14.90 16.90 19.10
Cash Flow per Share 2 - 1.060 1.460 2.530 3.190
Capex 1 - 77.1 342 425 206
Capex / Sales - 1.56% 5% 4.93% 1.78%
Announcement Date 23-06-07 24-04-24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
37.57 CNY
Average target price
39 CNY
Spread / Average Target
+3.81%
Consensus

Annual profits - Rate of surprise

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