Financials Harbin Xinguang Optic-Electronics Technology Co.,Ltd.

Equities

688011

CNE100003MT4

Electronic Equipment & Parts

End-of-day quote Shanghai S.E. 18:00:00 2024-05-30 EDT 5-day change 1st Jan Change
16.83 CNY +4.15% Intraday chart for Harbin Xinguang Optic-Electronics Technology Co.,Ltd. +4.60% -28.84%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 4,197 5,120 3,281 2,156 2,345
Enterprise Value (EV) 1 3,363 4,311 2,535 1,454 1,660
P/E ratio 59.3 x 212 x 1,823 x -87.3 x -60.3 x
Yield 0.43% 0.16% - - -
Capitalization / Revenue 21.9 x 41.3 x 22.8 x 14.4 x 14.5 x
EV / Revenue 17.5 x 34.7 x 17.6 x 9.7 x 10.2 x
EV / EBITDA 55.7 x 2,019 x -119 x -27.6 x -26.7 x
EV / FCF -181 x -121 x -26.9 x -54.4 x -108 x
FCF Yield -0.55% -0.83% -3.72% -1.84% -0.93%
Price to Book 3.43 x 4.16 x 2.67 x 1.81 x 2.05 x
Nbr of stocks (in thousands) 100,000 100,000 100,000 100,000 99,163
Reference price 2 41.97 51.20 32.81 21.56 23.65
Announcement Date 4/16/20 3/15/21 4/28/22 4/20/23 4/19/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 208.4 191.6 124.1 143.8 149.9 162.2
EBITDA 1 87 60.38 2.135 -21.26 -52.68 -62.14
EBIT 1 79.72 48.68 -10.34 -34.14 -64.79 -79.2
Operating Margin 38.25% 25.4% -8.33% -23.74% -43.23% -48.82%
Earnings before Tax (EBT) 1 84.27 70.29 27.94 -2.359 -35.81 -45.45
Net income 1 72.68 60.49 24.19 1.826 -24.67 -39.17
Net margin 34.87% 31.57% 19.5% 1.27% -16.46% -24.14%
EPS 2 0.9700 0.7080 0.2420 0.0180 -0.2470 -0.3920
Free Cash Flow 1 257.4 -18.61 -35.63 -94.24 -26.71 -15.42
FCF margin 123.48% -9.71% -28.72% -65.53% -17.82% -9.51%
FCF Conversion (EBITDA) 295.82% - - - - -
FCF Conversion (Net income) 354.11% - - - - -
Dividend per Share - 0.1815 0.0800 - - -
Announcement Date 7/2/19 4/16/20 3/15/21 4/28/22 4/20/23 4/19/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 20.5 - - - - -
Net Cash position 1 - 834 809 746 702 686
Leverage (Debt/EBITDA) 0.2355 x - - - - -
Free Cash Flow 1 257 -18.6 -35.6 -94.2 -26.7 -15.4
ROE (net income / shareholders' equity) 20.4% 7.95% 2% 0.07% -2.18% -3.48%
ROA (Net income/ Total Assets) 8.53% 3.48% -0.49% -1.58% -2.96% -3.72%
Assets 1 852.3 1,737 -4,928 -115.7 832.7 1,054
Book Value Per Share 2 3.970 12.20 12.30 12.30 11.90 11.50
Cash Flow per Share 2 0.3300 1.020 5.840 3.530 3.190 4.300
Capex 1 13.7 23 40.1 46.4 46.2 17.4
Capex / Sales 6.56% 12.02% 32.33% 32.26% 30.81% 10.75%
Announcement Date 7/2/19 4/16/20 3/15/21 4/28/22 4/20/23 4/19/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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