Financials Guoguang Electric Company Limited

Equities

002045

CNE000001LW5

Household Electronics

End-of-day quote Shenzhen S.E. Other stock markets 18:00:00 2024-04-28 EDT			5-day change	1st Jan Change
13.12 ^CNY	+1.23%		+7.01%	-21.20%

04-26	Guoguang Electric Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
02-26	Guoguang Electric Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,998	6,759	5,583	7,522	7,236	-	-
Enterprise Value (EV) ¹	3,998	6,759	5,583	7,522	7,236	7,236	7,236
P/E ratio	21.8 x	167 x	31 x	21.3 x	25.5 x	17.9 x	16.6 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	0.94 x	-	0.93 x	1.27 x	0.98 x	0.76 x	0.69 x
EV / Revenue	0.94 x	-	0.93 x	1.27 x	0.98 x	0.76 x	0.69 x
EV / EBITDA	12.7 x	-	18.9 x	15.1 x	15 x	13 x	9.6 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	2 x	-	2.69 x	2.4 x	1.52 x	1.29 x	1.45 x
Nbr of stocks (in thousands)	458,480	450,630	450,630	451,783	551,502	-	-
Reference price ²	8.720	15.00	12.39	16.65	13.12	13.12	13.12
Announcement Date	21-03-16	22-04-27	23-04-11	24-02-27	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,254	-	5,994	5,933	7,368	9,495	10,423
EBITDA ¹	315.9	-	295.4	497.5	481.3	555.9	753.5
EBIT ¹	188.6	-	157.2	345.7	329.7	405	524
Operating Margin	4.43%	-	2.62%	5.83%	4.47%	4.26%	5.03%
Earnings before Tax (EBT) ¹	199.4	-	162.7	350.2	332.3	408.2	528.3
Net income ¹	186.7	40.14	178.5	360.7	291.9	382.7	448.3
Net margin	4.39%	-	2.98%	6.08%	3.96%	4.03%	4.3%
EPS ²	0.4000	0.0900	0.4000	0.7800	0.5150	0.7333	0.7900
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	21-03-16	22-04-27	23-04-11	24-02-27	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1	2023 Q3	2023 Q4
Net sales ¹	-	-	1,609
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income ¹	62.17	247.8	48.55
Net margin	-	-	3.02%
EPS	0.1400	0.5500	-
Dividend per Share	-	-	-
Announcement Date	22-08-26	23-10-27	24-02-27

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	9.48%	-	8.61%	14.3%	6.47%	7.81%	8.73%
ROA (Net income/ Total Assets)	-	-	3.55%	-	3.2%	4.24%	-
Assets ¹	-	-	5,027	-	9,122	9,037	-
Book Value Per Share ²	4.350	-	4.610	6.950	8.630	10.20	9.040
Cash Flow per Share ²	1.140	-	0.1100	1.450	0.6200	0.3100	0.6000
Capex ¹	-	-	141	204	139	156	-
Capex / Sales	-	-	2.35%	3.44%	1.89%	1.64%	-
Announcement Date	21-03-16	22-04-27	23-04-11	24-02-27	-	-	-

¹CNY in Million²CNY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Guoguang Electric Company Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

13.12 CNY

Average target price

17.9 CNY

Spread / Average Target

+36.43%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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