HISENSE HOME APPLIANCES GROUP CO., LTD. Financials Hisense Home Appliances Group Co., Ltd. Hong Kong S.E.
Equities
921
CNE100000353
Appliances, Tools & Housewares
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 36.1 HKD | -2.17% |
|
-2.96% | +114.12% |
| 05-15 | Kelin Electric Issues 5% Stake to Hisense | MT |
| 05-13 | Hisense Home Appliances Forms Investment Management Partnership | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 14,644 | 17,635 | 17,146 | 15,395 | 25,733 | 51,440 | - | - |
| Enterprise Value (EV) 1 | 8,664 | 10,576 | 13,186 | 11,021 | 23,461 | 38,563 | 34,802 | 29,304 |
| P/E ratio | 9.34 x | 12.4 x | 21.3 x | 12.5 x | 9.81 x | 16 x | 13.9 x | 12.4 x |
| Yield | 3.2% | 2.41% | 1.41% | 4.03% | 4.97% | 3.2% | 3.66% | 4.07% |
| Capitalization / Revenue | 0.39 x | 0.36 x | 0.25 x | 0.21 x | 0.3 x | 0.54 x | 0.49 x | 0.45 x |
| EV / Revenue | 0.23 x | 0.22 x | 0.2 x | 0.15 x | 0.27 x | 0.4 x | 0.33 x | 0.26 x |
| EV / EBITDA | 3.04 x | 2.51 x | 3.34 x | 2.38 x | 3.66 x | 5.8 x | 4.55 x | 3.24 x |
| EV / FCF | - | - | 4.11 x | 3.4 x | 2.43 x | 51.7 x | 8.23 x | 6.9 x |
| FCF Yield | - | - | 24.3% | 29.4% | 41.1% | 1.93% | 12.2% | 14.5% |
| Price to Book | 1.93 x | 2.01 x | 2 x | 1.56 x | 2.08 x | 3.51 x | 3.07 x | 2.68 x |
| Nbr of stocks (in thousands) | 1,362,725 | 1,362,725 | 1,362,725 | 1,362,725 | 1,376,235 | 1,362,620 | - | - |
| Reference price 2 | 12.33 | 14.41 | 15.15 | 13.17 | 20.40 | 39.92 | 39.92 | 39.92 |
| Announcement Date | 20-03-30 | 21-03-30 | 22-03-30 | 23-03-30 | 24-03-29 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 37,453 | 48,393 | 67,563 | 74,115 | 85,600 | 95,963 | 104,762 | 113,896 |
| EBITDA 1 | 2,851 | 4,220 | 3,953 | 4,624 | 6,404 | 6,645 | 7,651 | 9,035 |
| EBIT 1 | 2,055 | 3,195 | 2,781 | 3,367 | 5,248 | 6,012 | 7,127 | 7,955 |
| Operating Margin | 5.49% | 6.6% | 4.12% | 4.54% | 6.13% | 6.27% | 6.8% | 6.98% |
| Earnings before Tax (EBT) 1 | 2,152 | 3,485 | 2,917 | 3,824 | 5,685 | 6,739 | 7,785 | 8,542 |
| Net income 1 | 1,794 | 1,579 | 972.6 | 1,435 | 2,837 | 3,484 | 3,978 | 4,458 |
| Net margin | 4.79% | 3.26% | 1.44% | 1.94% | 3.31% | 3.63% | 3.8% | 3.91% |
| EPS 2 | 1.320 | 1.160 | 0.7100 | 1.050 | 2.080 | 2.498 | 2.867 | 3.211 |
| Free Cash Flow 1 | - | - | 3,210 | 3,243 | 9,639 | 746 | 4,229 | 4,244 |
| FCF margin | - | - | 4.75% | 4.38% | 11.26% | 0.78% | 4.04% | 3.73% |
| FCF Conversion (EBITDA) | - | - | 81.21% | 70.13% | 150.51% | 11.23% | 55.27% | 46.97% |
| FCF Conversion (Net income) | - | - | 330.07% | 226.02% | 339.73% | 21.41% | 106.3% | 95.2% |
| Dividend per Share 2 | 0.3950 | 0.3470 | 0.2140 | 0.5310 | 1.013 | 1.277 | 1.459 | 1.625 |
| Announcement Date | 20-03-30 | 21-03-30 | 22-03-30 | 23-03-30 | 24-03-29 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 18,503 | 21,087 | 27,306 | 32,424 | 17,495 | 35,139 | 18,304 | 20,003 | 38,307 | 18,719 | 17,089 | 35,808 | 19,430 | 23,513 | 21,956 | 20,701 | 42,656 | 23,486 | 26,498 | 22,544 | 24,833 | - | - |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,736 | 1,476 | 1,788 | - | - |
| EBIT 1 | - | - | - | 1,607 | 362.8 | 1,174 | 702.9 | 944.2 | 1,647 | 1,041 | 678.7 | 1,720 | 1,223 | 1,554 | 1,678 | 793.1 | 2,471 | 1,683 | 1,453 | 1,280 | 1,067 | - | - |
| Operating Margin | - | - | - | 4.96% | 2.07% | 3.34% | 3.84% | 4.72% | 4.3% | 5.56% | 3.97% | 4.8% | 6.29% | 6.61% | 7.64% | 3.83% | 5.79% | 7.17% | 5.49% | 5.68% | 4.3% | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,672 | 1,714 | 1,012 | - | 1,753 | 1,847 | 1,505 | 1,915 | - | - |
| Net income 1 | - | 503.3 | - | - | 46.15 | - | - | - | - | - | - | - | - | 882.3 | 928.4 | 411.3 | - | 981.2 | 996.4 | 811.9 | 1,033 | - | - |
| Net margin | - | 2.39% | - | - | 0.26% | - | - | - | - | - | - | - | - | 3.75% | 4.23% | 1.99% | - | 4.18% | 3.76% | 3.6% | 4.16% | - | - |
| EPS 2 | - | - | - | - | 0.0300 | - | 0.2000 | 0.2600 | - | 0.3300 | 0.2600 | - | 0.4500 | 0.6400 | 0.6900 | 0.3000 | - | 0.7200 | 0.6989 | 0.6275 | 0.6072 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.329 | - | - |
| Announcement Date | 20-03-30 | 20-08-20 | 21-03-30 | 21-08-30 | 22-03-30 | 22-03-30 | 22-04-11 | 22-08-30 | 22-08-30 | 22-10-27 | 23-03-30 | 23-03-30 | 23-04-27 | 23-08-28 | 23-10-30 | 24-03-29 | 24-03-29 | 24-04-24 | - | - | - | - | - |
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 | 5,980 | 7,059 | 3,960 | 4,374 | 2,272 | 12,878 | 16,639 | 22,136 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 3,210 | 3,243 | 9,639 | 746 | 4,229 | 4,244 |
| ROE (net income / shareholders' equity) | 22.2% | 17% | 9.64% | 13.1% | 22.6% | 23.1% | 22.6% | 22.3% |
| ROA (Net income/ Total Assets) | 6.43% | 4.17% | 1.99% | 2.58% | 4.68% | 4.76% | 5.63% | 6.27% |
| Assets 1 | 27,895 | 37,899 | 48,881 | 55,662 | 60,662 | 73,198 | 70,666 | 71,160 |
| Book Value Per Share 2 | 6.400 | 7.180 | 7.590 | 8.450 | 9.780 | 11.40 | 13.00 | 14.90 |
| Cash Flow per Share 2 | 1.470 | 4.380 | 3.170 | 2.960 | 7.650 | 4.480 | 6.660 | 5.610 |
| Capex 1 | 225 | 585 | 1,104 | 789 | 973 | 1,211 | 1,068 | 1,088 |
| Capex / Sales | 0.6% | 1.21% | 1.63% | 1.06% | 1.14% | 1.26% | 1.02% | 0.95% |
| Announcement Date | 20-03-30 | 21-03-30 | 22-03-30 | 23-03-30 | 24-03-29 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
39.92
CNY
Average target price
41.36
CNY
Spread / Average Target
+3.60%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +30.18% | 32.3B | |
| +50.82% | 7.8B | |
| +27.99% | 4.29B | |
| +18.08% | 3.59B | |
| +48.02% | 3.55B | |
| +23.65% | 3.5B | |
| +3.67% | 3.28B | |
| -0.34% | 3B | |
| +24.53% | 2.18B |
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- Financials Hisense Home Appliances Group Co., Ltd.
