Financials Shenzhen Sinexcel Electric Co.,Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 18:00:00 2024-06-26 EDT			5-day change	1st Jan Change
20.96 ^CNY	-3.19%		-7.91%	-29.92%

04-24	Shenzhen Sinexcel Electric Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-01	Tranche Update on Shenzhen Sinexcel Electric Co.,Ltd.'s Equity Buyback Plan announced on November 9, 2023.	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,777	7,532	11,142	9,251	6,505	-	-
Enterprise Value (EV) ¹	3,777	7,532	11,142	9,251	6,505	6,505	6,505
P/E ratio	35.4 x	66.4 x	49.9 x	23 x	12.3 x	9.48 x	7.25 x
Yield	0.58%	-	0.41%	1.1%	1.81%	2.36%	3.29%
Capitalization / Revenue	4.9 x	-	7.41 x	3.49 x	1.79 x	1.34 x	1.03 x
EV / Revenue	4.9 x	-	7.41 x	3.49 x	1.79 x	1.34 x	1.03 x
EV / EBITDA	-	-	41 x	20.3 x	9.96 x	7.71 x	5.88 x
EV / FCF	-	-	-	31.6 x	23.3 x	10.8 x	-
FCF Yield	-	-	-	3.16%	4.29%	9.22%	-
Price to Book	5 x	-	10.5 x	6.37 x	3.39 x	2.6 x	1.98 x
Nbr of stocks (in thousands)	307,253	307,253	307,253	309,294	310,332	-	-
Reference price ²	12.29	24.51	36.26	29.91	20.96	20.96	20.96
Announcement Date	21-04-09	22-04-26	23-02-27	24-02-27	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	771.4	-	1,503	2,651	3,628	4,839	6,341
EBITDA ¹	-	-	272	455.4	653	843.8	1,106
EBIT ¹	121.2	-	247.6	456.5	592.9	774.1	1,025
Operating Margin	15.72%	-	16.47%	17.22%	16.34%	15.99%	16.16%
Earnings before Tax (EBT) ¹	121.6	-	246.3	456	591.9	767.8	1,009
Net income ¹	106.1	-	223.5	402.8	528.2	685.7	894.2
Net margin	13.76%	-	14.87%	15.2%	14.56%	14.17%	14.1%
EPS ²	0.3474	0.3693	0.7266	1.302	1.708	2.210	2.891
Free Cash Flow ¹	-	-	-	292.8	279	600	-
FCF margin	-	-	-	11.04%	7.69%	12.4%	-
FCF Conversion (EBITDA)	-	-	-	64.3%	42.73%	71.1%	-
FCF Conversion (Net income)	-	-	-	72.68%	52.82%	87.51%	-
Dividend per Share ²	0.0713	-	0.1470	0.3300	0.3800	0.4950	0.6900
Announcement Date	21-04-09	22-04-26	23-02-27	24-02-27	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	-	-	293	279	600	-
ROE (net income / shareholders' equity)	15%	23.5%	31.8%	28.8%	28.8%	28%
ROA (Net income/ Total Assets)	9.2%	-	14.4%	12.7%	12.3%	12.5%
Assets ¹	1,154	-	2,804	4,174	5,572	7,145
Book Value Per Share ²	2.460	3.460	4.700	6.180	8.060	10.60
Cash Flow per Share ²	0.3700	0.6600	1.420	1.360	2.680	2.840
Capex ¹	160	143	146	183	156	194
Capex / Sales	20.75%	9.52%	5.5%	5.04%	3.22%	3.06%
Announcement Date	21-04-09	23-02-27	24-02-27	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

20.96 CNY

Average target price

40.87 CNY

Spread / Average Target

+94.98%

	1st Jan change	Capi.
SHENZHEN SINEXCEL ELECTRIC CO.,LTD.	-29.92%	925M
SIEMENS AG	+2.13%	141B
SCHNEIDER ELECTRIC SE	+24.49%	136B
EATON CORPORATION PLC	+30.36%	126B
EMERSON ELECTRIC CO.	+11.26%	60.71B
AMETEK, INC.	+0.96%	38.56B
VERTIV HOLDINGS CO	+80.89%	32.57B
WEG S.A.	+12.98%	31.97B
DELTA ELECTRONICS, INC.	+23.29%	30.67B
ROCKWELL AUTOMATION, INC.	-13.79%	30.44B