SANY HEAVY INDUSTRY CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 16.12 CNY | +0.50% |
|
+5.15% | +17.07% |
| 04-28 | Sany Heavy Industry Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 04-04 | Sany Heavy Industry Scraps Planned Listing on Frankfurt Stock Exchange | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 142,509 | 294,225 | 192,511 | 133,423 | 116,344 | 136,200 | - | - |
| Enterprise Value (EV) 1 | 130,559 | 294,627 | 195,546 | 140,337 | 127,765 | 139,783 | 138,545 | 136,200 |
| P/E ratio | 12.6 x | 19 x | 16 x | 31.3 x | 25.8 x | 25.9 x | 18 x | 15.9 x |
| Yield | 2.46% | 1.72% | 1.97% | 1.01% | 1.6% | 1.44% | 1.68% | - |
| Capitalization / Revenue | 1.88 x | 2.96 x | 1.81 x | 1.67 x | 1.59 x | 1.69 x | 1.51 x | 1.26 x |
| EV / Revenue | 1.73 x | 2.97 x | 1.84 x | 1.75 x | 1.74 x | 1.73 x | 1.53 x | 1.26 x |
| EV / EBITDA | 8.27 x | 14.4 x | 12.4 x | 19.6 x | 15.5 x | 15.3 x | 11.6 x | 10.4 x |
| EV / FCF | 11.8 x | 31.9 x | 101 x | -97.5 x | 80.9 x | 28.3 x | 31.2 x | - |
| FCF Yield | 8.51% | 3.13% | 0.99% | -1.03% | 1.24% | 3.54% | 3.21% | - |
| Price to Book | 3.23 x | 5.24 x | 3.04 x | 2.07 x | 1.72 x | 1.86 x | 1.72 x | 1.56 x |
| Nbr of stocks (in thousands) | 8,358,320 | 8,411,246 | 8,443,458 | 8,444,514 | 8,449,125 | 8,449,125 | - | - |
| Reference price 2 | 17.05 | 34.98 | 22.80 | 15.80 | 13.77 | 16.12 | 16.12 | 16.12 |
| Announcement Date | 20-04-23 | 21-03-30 | 22-04-22 | 23-03-31 | 24-04-28 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 75,666 | 99,342 | 106,113 | 80,018 | 73,222 | 80,815 | 90,424 | 107,875 |
| EBITDA 1 | 15,796 | 20,452 | 15,717 | 7,154 | 8,231 | 9,107 | 11,905 | 13,109 |
| EBIT 1 | 13,775 | 18,548 | 13,807 | 4,747 | 5,343 | 5,755 | 8,735 | 9,681 |
| Operating Margin | 18.21% | 18.67% | 13.01% | 5.93% | 7.3% | 7.12% | 9.66% | 8.97% |
| Earnings before Tax (EBT) 1 | 13,454 | 18,531 | 13,856 | 4,832 | 5,317 | 6,288 | 8,930 | 9,637 |
| Net income 1 | 11,207 | 15,431 | 12,033 | 4,273 | 4,527 | 5,267 | 7,732 | 8,614 |
| Net margin | 14.81% | 15.53% | 11.34% | 5.34% | 6.18% | 6.52% | 8.55% | 7.98% |
| EPS 2 | 1.352 | 1.837 | 1.428 | 0.5055 | 0.5347 | 0.6221 | 0.8967 | 1.015 |
| Free Cash Flow 1 | 11,108 | 9,230 | 1,928 | -1,439 | 1,580 | 4,945 | 4,442 | - |
| FCF margin | 14.68% | 9.29% | 1.82% | -1.8% | 2.16% | 6.12% | 4.91% | - |
| FCF Conversion (EBITDA) | 70.32% | 45.13% | 12.26% | - | 19.2% | 54.3% | 37.31% | - |
| FCF Conversion (Net income) | 99.12% | 59.81% | 16.02% | - | 34.9% | 93.89% | 57.45% | - |
| Dividend per Share 2 | 0.4200 | 0.6000 | 0.4500 | 0.1600 | 0.2200 | 0.2314 | 0.2700 | - |
| Announcement Date | 20-04-23 | 21-03-30 | 22-04-22 | 23-03-31 | 24-04-28 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 49,188 | - | 18,395 | 20,077 | 19,596 | - | 18,888 | 21,457 | 17,788 | 21,709 | 39,497 | 16,025 | 17,700 | 33,725 | 17,662 | 20,271 | 15,792 | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | -849.5 | 1,764 | 1,326 | - | 1,060 | 596.7 | 1,736 | 2,252 | 3,988 | 788.5 | 566.2 | 1,355 | 1,852 | 1,745 | 925.4 | - |
| Operating Margin | - | - | -4.62% | 8.79% | 6.77% | - | 5.61% | 2.78% | 9.76% | 10.37% | 10.1% | 4.92% | 3.2% | 4.02% | 10.49% | 8.61% | 5.86% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | 1,724 | - | - | - | 541.6 | 1,328 | - | - | - | - |
| Net income | 8,468 | 10,074 | -533.4 | 1,590 | 1,044 | 2,634 | - | - | 1,512 | - | - | - | 480 | 1,127 | - | - | - | - |
| Net margin | 17.22% | - | -2.9% | 7.92% | 5.33% | - | - | - | 8.5% | - | - | - | 2.71% | 3.34% | - | - | - | - |
| EPS 2 | - | 1.196 | -0.0600 | 0.1885 | 0.1200 | - | 0.1200 | 0.0800 | 0.1786 | 0.2200 | - | 0.0800 | 0.0500 | 0.1300 | 0.1867 | 0.1700 | 0.0700 | 0.1500 |
| Dividend per Share | - | - | 0.4500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 20-08-27 | 21-08-29 | 22-04-22 | 22-04-28 | 22-08-30 | 22-08-30 | 22-10-28 | 23-03-31 | 23-04-25 | 23-08-30 | 23-08-30 | 23-10-30 | 24-04-28 | 24-04-28 | 24-04-28 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 402 | 3,035 | 6,914 | 11,421 | 3,584 | 2,345 | - |
| Net Cash position 1 | 11,950 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.0197 x | 0.1931 x | 0.9665 x | 1.388 x | 0.3935 x | 0.197 x | - |
| Free Cash Flow 1 | 11,108 | 9,230 | 1,928 | -1,439 | 1,580 | 4,945 | 4,442 | - |
| ROE (net income / shareholders' equity) | 28.7% | 29.6% | 20% | 6.65% | 6.85% | 7.39% | 10.1% | 10.4% |
| ROA (Net income/ Total Assets) | 13.6% | 13.7% | 9.08% | 2.87% | - | 3% | 4.93% | 4% |
| Assets 1 | 82,160 | 112,745 | 132,520 | 148,655 | - | 175,555 | 156,692 | 215,338 |
| Book Value Per Share 2 | 5.270 | 6.670 | 7.500 | 7.650 | 8.020 | 8.650 | 9.360 | 10.30 |
| Cash Flow per Share 2 | 1.570 | 1.580 | 1.400 | 0.4800 | 0.6700 | 1.640 | 1.480 | 2.710 |
| Capex 1 | 2,157 | 4,133 | 9,977 | 5,538 | 4,128 | 4,223 | 4,513 | 5,037 |
| Capex / Sales | 2.85% | 4.16% | 9.4% | 6.92% | 5.64% | 5.23% | 4.99% | 4.67% |
| Announcement Date | 20-04-23 | 21-03-30 | 22-04-22 | 23-03-31 | 24-04-28 | - | - | - |
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
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
16.12
CNY
Average target price
15.71
CNY
Spread / Average Target
-2.53%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.07% | 18.7B | |
| +18.31% | 171B | |
| +26.56% | 11.12B | |
| +30.17% | 9.69B | |
| +4.96% | 3.78B | |
| +2.52% | 2.9B | |
| +54.30% | 2.88B | |
| +88.16% | 2.18B | |
| +41.42% | 1.78B | |
| +59.31% | 1.71B |
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