Financials Henan Thinker Automatic Equipment Co.,Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 18:00:00 2024-04-28 EDT			5-day change	1st Jan Change
21.3 ^CNY	+0.47%		+3.40%	+35.67%

04-26	Henan Thinker Automatic Equipment Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-09	Henan Thinker Automatic Equipment Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	11,484	6,601	6,236	6,226	5,986	8,121	-	-
Enterprise Value (EV) ¹	11,484	6,601	6,236	6,226	5,986	8,121	8,121	8,121
P/E ratio	14.4 x	-11.5 x	16.3 x	17.9 x	14.5 x	17.9 x	13.8 x	14.5 x
Yield	0.81%	-	-	3.34%	4.82%	3.57%	1.92%	3.9%
Capitalization / Revenue	12.7 x	-	-	5.83 x	5.07 x	6.07 x	4.66 x	4.92 x
EV / Revenue	12.7 x	-	-	5.83 x	5.07 x	6.07 x	4.66 x	4.92 x
EV / EBITDA	-	-	-	15.5 x	12 x	16 x	12.4 x	12.8 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2.64 x	-	-	1.43 x	1.31 x	1.72 x	1.5 x	1.58 x
Nbr of stocks (in thousands)	380,333	380,175	379,919	381,274	381,274	381,274	-	-
Reference price ²	30.19	17.36	16.41	16.33	15.70	21.30	21.30	21.30
Announcement Date	20-04-08	21-04-26	22-04-26	23-04-11	24-04-09	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	902.3	-	-	1,067	1,180	1,339	1,741	1,652
EBITDA ¹	-	-	-	402.1	500.5	509	653.5	632
EBIT ¹	825.4	-	-	398.3	497.5	554	686	685
Operating Margin	91.48%	-	-	37.32%	42.15%	41.37%	39.4%	41.46%
Earnings before Tax (EBT) ¹	825.3	-	-	397.9	497.9	554	686	685
Net income ¹	789.3	-574.3	385.5	346.4	412.1	455	586	561
Net margin	87.48%	-	-	32.46%	34.91%	33.98%	33.66%	33.96%
EPS ²	2.097	-1.507	1.007	0.9100	1.080	1.190	1.540	1.470
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2444	-	-	0.5451	0.7566	0.7600	0.4100	0.8300
Announcement Date	20-04-08	21-04-26	22-04-26	23-04-11	24-04-09	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	19.8%	-	-	8.09%	9.3%	9.6%	10.4%	10.9%
ROA (Net income/ Total Assets)	20.1%	-	-	7.22%	-	8.5%	10.1%	-
Assets ¹	3,920	-	-	4,795	-	5,353	5,802	-
Book Value Per Share ²	11.50	-	-	11.40	11.90	12.40	14.20	13.50
Cash Flow per Share ²	1.420	-	-	0.6000	0.7500	1.090	0.9200	1.160
Capex ¹	27.2	-	-	38	37.3	36	41	-
Capex / Sales	3.01%	-	-	3.56%	3.16%	2.69%	2.35%	-
Announcement Date	20-04-08	21-04-26	22-04-26	23-04-11	24-04-09	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

21.3 CNY

Average target price

26.25 CNY

Spread / Average Target

+23.24%

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