Financials Hefei Jianghang Aircraft Equipment Corporation Ltd.

Equities

688586

CNE1000041C0

Aerospace & Defense

End-of-day quote Shanghai S.E. 18:00:00 2024-04-29 EDT 5-day change 1st Jan Change
9.56 CNY -1.54% Intraday chart for Hefei Jianghang Aircraft Equipment Corporation Ltd. +3.35% -13.80%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 12,536 13,687 9,213 8,776
Enterprise Value (EV) 1 11,198 12,132 8,059 7,269
P/E ratio 55.4 x 59.5 x 37.9 x 46.2 x
Yield 0.48% 0.53% 1.1% 1.17%
Capitalization / Revenue 15.1 x 14.4 x 8.26 x 7.23 x
EV / Revenue 13.5 x 12.7 x 7.23 x 5.99 x
EV / EBITDA 54.2 x 48.2 x 33.4 x 32.3 x
EV / FCF 177 x 49.7 x -21.4 x -91.2 x
FCF Yield 0.56% 2.01% -4.68% -1.1%
Price to Book 6.5 x 6.57 x 3.9 x 3.54 x
Nbr of stocks (in thousands) 791,339 791,339 791,339 791,339
Reference price 2 15.84 17.30 11.64 11.09
Announcement Date 21-03-14 22-03-14 23-03-14 24-03-14
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 661 674.5 831 953.3 1,115 1,214
EBITDA 1 102.6 154.4 206.7 251.7 240.9 225.1
EBIT 1 56.63 107 159.2 204.1 195.3 174.1
Operating Margin 8.57% 15.86% 19.16% 21.41% 17.52% 14.34%
Earnings before Tax (EBT) 1 72.23 127.5 215.2 258.4 270.1 220.6
Net income 1 71.1 113.2 193.9 231.2 244 193
Net margin 10.76% 16.78% 23.33% 24.25% 21.88% 15.9%
EPS 2 0.1296 0.1888 0.2857 0.2908 0.3071 0.2400
Free Cash Flow 1 -74.29 96.8 63.24 244.1 -377.2 -79.66
FCF margin -11.24% 14.35% 7.61% 25.6% -33.83% -6.56%
FCF Conversion (EBITDA) - 62.68% 30.6% 96.96% - -
FCF Conversion (Net income) - 85.53% 32.62% 105.59% - -
Dividend per Share - - 0.0765 0.0918 0.1286 0.1300
Announcement Date 20-07-13 20-07-13 21-03-14 22-03-14 23-03-14 24-03-14
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 200 278 1,338 1,555 1,155 1,507
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -74.3 96.8 63.2 244 -377 -79.7
ROE (net income / shareholders' equity) 14.4% 15.1% 14.2% 11.5% 11% 7.98%
ROA (Net income/ Total Assets) 1.93% 3.66% 4.16% 3.94% 3.44% 3.03%
Assets 1 3,679 3,093 4,660 5,865 7,083 6,374
Book Value Per Share 2 1.270 1.360 2.440 2.630 2.980 3.130
Cash Flow per Share 2 0.4900 0.4600 1.640 1.240 1.340 1.300
Capex 1 53.4 36.5 43.8 42.9 64.8 63.2
Capex / Sales 8.08% 5.41% 5.28% 4.5% 5.81% 5.21%
Announcement Date 20-07-13 20-07-13 21-03-14 22-03-14 23-03-14 24-03-14
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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