Financials Ningbo Yongxin Optics Co.,Ltd

Equities

603297

CNE100003J23

Office Equipment

End-of-day quote Shanghai S.E. 18:00:00 2024-06-27 EDT 5-day change 1st Jan Change
60.49 CNY -0.31% Intraday chart for Ningbo Yongxin Optics Co.,Ltd -11.64% -39.11%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,795 3,993 13,378 9,171 11,045 6,723 - -
Enterprise Value (EV) 1 3,795 3,993 12,793 8,938 10,267 6,343 6,243 6,723
P/E ratio - 24.6 x 50.9 x 32.8 x 46.4 x 21.3 x 17.1 x 12.8 x
Yield - 1.47% 0.74% 1.16% 0.96% 1.57% 1.71% 1.91%
Capitalization / Revenue 6.62 x 6.93 x 16.8 x 11.1 x 12.9 x 5.83 x 4.48 x 3.4 x
EV / Revenue 6.62 x 6.93 x 16.1 x 10.8 x 12 x 5.5 x 4.16 x 3.4 x
EV / EBITDA 21.6 x 29.5 x 39.4 x 26.8 x 35.8 x 19 x 14.6 x 12.1 x
EV / FCF - - 65.5 x 120 x 75.3 x 2,114 x 91.8 x 40.7 x
FCF Yield - - 1.53% 0.84% 1.33% 0.05% 1.09% 2.45%
Price to Book 3.36 x 3.17 x 9.06 x 5.5 x 6.09 x 3.25 x 2.83 x 2.4 x
Nbr of stocks (in thousands) 109,200 110,530 110,495 110,478 111,171 111,150 - -
Reference price 2 34.75 36.13 121.1 83.01 99.35 60.49 60.49 60.49
Announcement Date 20-04-28 21-04-13 22-03-03 23-04-24 24-04-26 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 573 576.4 795.1 829.1 854.1 1,153 1,502 1,980
EBITDA 1 175.5 135.5 324.4 333.1 286.7 334.3 428.9 554.8
EBIT 1 159.7 184 303.1 308.8 252.4 343.1 441.8 572.7
Operating Margin 27.87% 31.92% 38.12% 37.25% 29.55% 29.76% 29.41% 28.92%
Earnings before Tax (EBT) 1 - 186 304.5 308 251.8 343.6 430.6 573.7
Net income 1 - 161.7 261.5 279 235.4 316.6 393.3 523.4
Net margin - 28.05% 32.89% 33.65% 27.55% 27.46% 26.19% 26.43%
EPS 2 - 1.470 2.380 2.530 2.140 2.844 3.542 4.710
Free Cash Flow 1 - - 195.3 74.74 136.4 3 68 165
FCF margin - - 24.56% 9.01% 15.97% 0.26% 4.53% 8.33%
FCF Conversion (EBITDA) - - 60.19% 22.43% 47.58% 0.9% 15.85% 29.74%
FCF Conversion (Net income) - - 74.68% 26.79% 57.96% 0.95% 17.29% 31.53%
Dividend per Share 2 - 0.5300 0.9000 0.9600 0.9550 0.9500 1.035 1.153
Announcement Date 20-04-28 21-04-13 22-03-03 23-04-24 24-04-26 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 214.1 - 221.3 417.2 - - - - 463.4 - - - -
EBITDA - - - - - - - - - - - - -
EBIT 53.64 - 80.84 152.9 - - - - 126.9 - - - -
Operating Margin 25.05% - 36.53% 36.64% - - - - 27.38% - - - -
Earnings before Tax (EBT) 53.81 - 80.09 152.1 - - - - 126.5 - - - -
Net income 43.59 - 80.09 142.3 - - - - 119.5 - - - -
Net margin 20.36% - 36.19% 34.1% - - - - 25.78% - - - -
EPS 1 0.4300 0.5600 0.7400 1.300 0.4300 0.6200 0.5200 0.5700 1.090 0.4100 0.5700 0.5500 0.7400
Dividend per Share - - - - - - - - - - - - -
Announcement Date 22-03-03 22-10-30 23-04-24 23-04-24 23-04-24 23-08-28 23-10-30 24-04-26 24-04-26 24-04-26 - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - 584 233 778 381 481 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 195 74.7 136 3 68 165
ROE (net income / shareholders' equity) 12.9% 13.6% 19.2% 17.9% 13.6% 15.4% 16.9% 18.7%
ROA (Net income/ Total Assets) 11.5% 11.9% 16.2% 14.6% 11.8% 13.2% 14.4% 14.8%
Assets 1 - 1,364 1,618 1,913 2,003 2,397 2,735 3,543
Book Value Per Share 2 10.30 11.40 13.40 15.10 16.30 18.60 21.40 25.20
Cash Flow per Share 2 1.210 1.710 1.570 1.960 1.970 2.060 2.830 2.900
Capex 1 84.1 57.7 72.2 141 82.6 63.7 62.5 57.5
Capex / Sales 14.68% 10.01% 9.08% 17.05% 9.67% 5.52% 4.16% 2.9%
Announcement Date 20-04-28 21-04-13 22-03-03 23-04-24 24-04-26 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
60.49 CNY
Average target price
91.33 CNY
Spread / Average Target
+50.99%
Consensus
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