Financials Guangdong Xinbao Electrical Appliances Holdings Co., Ltd

Equities

002705

CNE100001R82

Appliances, Tools & Housewares

End-of-day quote Shenzhen S.E. 18:00:00 2024-04-29 EDT 5-day change 1st Jan Change
16.62 CNY +0.54% Intraday chart for Guangdong Xinbao Electrical Appliances Holdings Co., Ltd -8.88% +14.07%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,216 33,862 20,239 13,575 11,920 13,598 - -
Enterprise Value (EV) 1 13,216 33,862 20,239 9,996 9,045 8,168 7,385 13,598
P/E ratio 19.2 x 30.3 x 25.7 x 14.2 x 12.3 x 11.7 x 10.7 x 9.58 x
Yield 2.43% 1.42% 0.81% 2.4% 2.75% 2.85% 3.37% -
Capitalization / Revenue 1.45 x 2.57 x 1.36 x 0.99 x 0.81 x 0.84 x 0.79 x 0.72 x
EV / Revenue 1.45 x 2.57 x 1.36 x 0.73 x 0.62 x 0.51 x 0.43 x 0.72 x
EV / EBITDA 11.5 x 19.2 x 14.4 x 5.68 x 4.74 x 3.9 x 3.31 x 5.55 x
EV / FCF - - -94.4 x 25.3 x -137 x 10 x 5.53 x -
FCF Yield - - -1.06% 3.95% -0.73% 9.98% 18.1% -
Price to Book 3.07 x 5.61 x 3.36 x 1.97 x 1.58 x 1.62 x 1.44 x 1.35 x
Nbr of stocks (in thousands) 801,473 801,473 819,412 815,333 818,146 818,146 - -
Reference price 2 16.49 42.25 24.70 16.65 14.57 16.62 16.62 16.62
Announcement Date 20-02-25 21-03-05 22-02-25 23-02-27 24-02-29 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,125 13,191 14,912 13,696 14,647 16,164 17,173 18,782
EBITDA 1 1,154 1,759 1,402 1,760 1,909 2,093 2,230 2,449
EBIT 1 784.4 1,375 977.3 1,281 1,312 1,536 1,665 1,895
Operating Margin 8.6% 10.42% 6.55% 9.35% 8.96% 9.5% 9.7% 10.09%
Earnings before Tax (EBT) 1 795.3 1,374 986.4 1,257 1,307 1,541 1,662 1,892
Net income 1 687.3 1,118 792.5 961.4 977.1 1,171 1,279 1,426
Net margin 7.53% 8.48% 5.31% 7.02% 6.67% 7.24% 7.45% 7.59%
EPS 2 0.8575 1.396 0.9613 1.174 1.188 1.419 1.549 1.735
Free Cash Flow 1 - - -214.4 394.7 -66.08 815 1,335 -
FCF margin - - -1.44% 2.88% -0.45% 5.04% 7.77% -
FCF Conversion (EBITDA) - - - 22.42% - 38.93% 59.86% -
FCF Conversion (Net income) - - - 41.05% - 69.63% 104.41% -
Dividend per Share 2 0.4000 0.6000 0.2000 0.4000 0.4000 0.4740 0.5600 -
Announcement Date 20-02-25 21-03-05 22-02-25 23-02-27 24-02-29 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3
Net sales 1 4,209 3,642 - 3,591 2,979 2,829 3,525 4,400 3,892 3,474 3,769 4,600
EBITDA - - - - - - - - - - - -
EBIT - - - - 204 196.7 331.5 442 - 251.7 - -
Operating Margin - - - - 6.85% 6.95% 9.4% 10.05% - 7.25% - -
Earnings before Tax (EBT) - - - - - - - - - - - -
Net income 197.6 - 486.3 357.5 - - - - 241.2 172.6 - -
Net margin 4.69% - - 9.95% - - - - 6.2% 4.97% - -
EPS 2 0.2400 - 0.5965 - 0.1400 0.1681 0.3100 0.4100 0.3000 0.2110 0.3400 0.4500
Dividend per Share - - - - - - - - - - - -
Announcement Date 22-02-25 22-04-27 22-08-26 22-10-27 23-02-27 23-04-27 23-08-28 23-10-27 24-02-29 24-04-26 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - 3,580 2,875 5,429 6,212 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - -214 395 -66.1 815 1,335 -
ROE (net income / shareholders' equity) 16.7% 23.7% 12.9% 14.7% 13.3% 14% 13.4% 14.2%
ROA (Net income/ Total Assets) 9% 10.8% 6.33% 7.54% - 7.8% 7.44% -
Assets 1 7,641 10,323 12,518 12,746 - 15,007 17,186 -
Book Value Per Share 2 5.360 7.530 7.360 8.440 9.230 10.20 11.50 12.40
Cash Flow per Share 2 1.800 3.130 1.020 1.720 2.320 2.230 2.570 2.070
Capex 1 614 919 1,061 1,028 1,975 746 755 779
Capex / Sales 6.73% 6.97% 7.11% 7.51% 13.48% 4.61% 4.4% 4.15%
Announcement Date 20-02-25 21-03-05 22-02-25 23-02-27 24-02-29 - - -
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
11
Last Close Price
16.62 CNY
Average target price
21.19 CNY
Spread / Average Target
+27.51%
Consensus
  1. Stock Market
  2. Equities
  3. 002705 Stock
  4. Financials Guangdong Xinbao Electrical Appliances Holdings Co., Ltd