Financials Shanghai Putailai New Energy Technology Co.,Ltd.

Equities

603659

CNE100002TX3

Electrical Components & Equipment

End-of-day quote Shanghai S.E. 18:00:00 2024-04-28 EDT 5-day change 1st Jan Change
19.1 CNY +3.75% Intraday chart for Shanghai Putailai New Energy Technology Co.,Ltd. +6.76% -8.74%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 37,059 55,763 111,525 72,170 44,748 40,649 - -
Enterprise Value (EV) 1 37,959 52,095 109,932 72,762 45,276 38,362 37,724 40,649
P/E ratio 56.8 x 73.9 x 63.7 x 23.3 x 22.3 x 15.3 x 12.3 x 11.4 x
Yield 0.53% 0.36% 0.31% 0.66% 0.67% 1.28% 1.61% 1.55%
Capitalization / Revenue 7.72 x 10.6 x 12.4 x 4.67 x 2.92 x 2.18 x 1.75 x 1.63 x
EV / Revenue 7.91 x 9.87 x 12.2 x 4.71 x 2.95 x 2.05 x 1.62 x 1.63 x
EV / EBITDA 42.7 x 50.6 x 45.7 x 17.1 x 14.6 x 8.45 x 6.75 x 6.65 x
EV / FCF -68 x -931 x -117 x -45.7 x -16 x 117 x 45.5 x -
FCF Yield -1.47% -0.11% -0.85% -2.19% -6.27% 0.86% 2.2% -
Price to Book 10.9 x 6.25 x 10.6 x 5.36 x 2.52 x 2.13 x 1.84 x 1.57 x
Nbr of stocks (in thousands) 1,766,988 2,014,397 2,013,712 2,016,703 2,137,996 2,128,222 - -
Reference price 2 20.97 27.68 55.38 35.79 20.93 19.10 19.10 19.10
Announcement Date 20-03-26 21-03-15 22-03-28 23-03-27 24-04-12 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,799 5,281 8,996 15,464 15,340 18,685 23,275 24,996
EBITDA 1 888.8 1,029 2,405 4,254 3,109 4,540 5,589 6,116
EBIT 1 764.7 826 2,036 3,684 2,364 3,475 4,267 4,580
Operating Margin 15.94% 15.64% 22.64% 23.82% 15.41% 18.6% 18.33% 18.32%
Earnings before Tax (EBT) 1 768.8 815.5 2,029 3,671 2,351 3,330 4,033 4,500
Net income 1 651.1 667.6 1,749 3,104 1,912 2,744 3,330 3,739
Net margin 13.57% 12.64% 19.44% 20.08% 12.46% 14.69% 14.31% 14.96%
EPS 2 0.3695 0.3744 0.8690 1.538 0.9400 1.248 1.554 1.677
Free Cash Flow 1 -558.4 -55.98 -936.2 -1,594 -2,837 328 829.5 -
FCF margin -11.64% -1.06% -10.41% -10.31% -18.5% 1.76% 3.56% -
FCF Conversion (EBITDA) - - - - - 7.22% 14.84% -
FCF Conversion (Net income) - - - - - 11.95% 24.91% -
Dividend per Share 2 0.1108 0.1010 0.1738 0.2345 0.1400 0.2444 0.3084 0.2952
Announcement Date 20-03-26 21-03-15 22-03-28 23-03-27 24-04-12 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,701 3,131 3,764 - 4,519 4,050 3,699 4,107 3,882 3,653 4,846 4,932 5,061 - -
EBITDA 1 547 - - - - - - - - - 874.8 1,040 1,152 - -
EBIT 1 568.2 789.9 958.8 - 1,023 911.8 891.4 734.7 808.9 331.4 795.3 877.7 933.7 - -
Operating Margin 21.04% 25.23% 25.47% - 22.64% 22.51% 24.1% 17.89% 20.84% 9.07% 16.41% 17.79% 18.45% - -
Earnings before Tax (EBT) 1 565.6 792.5 957.2 - 1,023 898.6 - 735.5 407.5 320.6 745.3 859.7 971.7 - -
Net income 1 517.8 636.6 759.2 1,396 877.5 831.1 - 602.4 324.5 282.7 627.8 729.1 830 - -
Net margin 19.17% 20.34% 20.17% - 19.42% 20.52% - 14.67% 8.36% 7.74% 12.95% 14.78% 16.4% - -
EPS 2 0.2586 0.3172 0.3793 - 0.4345 0.4069 0.3448 0.3052 0.1600 0.1300 0.3168 0.3405 0.3641 - -
Dividend per Share 2 0.1738 - - - - 0.2345 - - - - - - 0.2462 - -
Announcement Date 22-03-28 22-04-11 22-07-27 22-07-27 22-10-14 23-03-27 23-04-14 23-08-30 23-10-27 24-04-12 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 900 - - 591 528 - - -
Net Cash position 1 - 3,668 1,593 - - 2,287 2,925 -
Leverage (Debt/EBITDA) 1.013 x - - 0.139 x 0.1699 x - - -
Free Cash Flow 1 -558 -56 -936 -1,594 -2,837 328 830 -
ROE (net income / shareholders' equity) 20.8% 15.9% 17.2% 26% 13.3% 15.3% 16.2% 14.9%
ROA (Net income/ Total Assets) 8.8% 5.9% 9.24% 10.9% - 7.2% 7.16% -
Assets 1 7,396 11,308 18,928 28,574 - 38,092 46,538 -
Book Value Per Share 2 1.930 4.430 5.210 6.670 8.310 8.980 10.40 12.20
Cash Flow per Share 2 0.2800 0.3400 0.8600 0.6100 0.5200 1.580 2.290 1.810
Capex 1 1,049 750 2,661 2,817 3,955 3,148 2,726 2,776
Capex / Sales 21.86% 14.19% 29.58% 18.22% 25.78% 16.85% 11.71% 11.11%
Announcement Date 20-03-26 21-03-15 22-03-28 23-03-27 24-04-12 - - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
19.1 CNY
Average target price
23.9 CNY
Spread / Average Target
+25.12%
Consensus
  1. Stock Market
  2. Equities
  3. 603659 Stock
  4. Financials Shanghai Putailai New Energy Technology Co.,Ltd.