Financials Vesync Co., Ltd

Equities

2148

KYG9450E1089

Appliances, Tools & Housewares

Market Closed - Hong Kong S.E. 04:08:04 2024-06-19 EDT 5-day change 1st Jan Change
4.91 HKD -0.41% Intraday chart for Vesync Co., Ltd -3.16% -8.74%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,585 1,415 719.2 792.5 721 - -
Enterprise Value (EV) 1 1,585 1,415 719.2 718 503.8 469.2 425.3
P/E ratio - 33 x -42.9 x 9.96 x 7.81 x 6.74 x 5.76 x
Yield 1.16% 1.35% - 2.92% 4.79% 6.61% 7.55%
Capitalization / Revenue 4.54 x 3.12 x 1.47 x 1.35 x 1.03 x 0.88 x 0.78 x
EV / Revenue 4.54 x 3.12 x 1.47 x 1.23 x 0.72 x 0.57 x 0.46 x
EV / EBITDA 24.4 x 24.5 x -53.3 x 7.44 x 4.59 x 3.63 x 2.9 x
EV / FCF - -27.9 x - 6.92 x -21 x 4.81 x 9.05 x
FCF Yield - -3.58% - 14.4% -4.76% 20.8% 11.1%
Price to Book 4.39 x 4.36 x 2.52 x 2.35 x 1.84 x 1.57 x 1.4 x
Nbr of stocks (in thousands) 1,123,105 1,165,050 1,162,885 1,150,226 1,141,943 - -
Reference price 2 1.411 1.215 0.6185 0.6890 0.6314 0.6314 0.6314
Announcement Date 3/29/21 3/31/22 3/29/23 3/25/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 171.9 348.9 454.2 490.4 585.5 697 816 928.7
EBITDA 1 - 65.01 57.81 -13.5 96.52 109.8 129.1 146.5
EBIT 1 - 61.34 51.94 -20.53 89.49 107.7 125.3 139.5
Operating Margin - 17.58% 11.44% -4.19% 15.28% 15.45% 15.35% 15.02%
Earnings before Tax (EBT) 1 - - 51.01 -21.84 87.47 105.3 124 144.1
Net income 1 6.372 - 41.59 -16.28 77.48 91.85 107.8 125.9
Net margin 3.71% - 9.16% -3.32% 13.23% 13.18% 13.22% 13.56%
EPS 2 - - 0.0368 -0.0144 0.0692 0.0808 0.0937 0.1096
Free Cash Flow 1 - - -50.64 - 103.7 -24 97.5 47
FCF margin - - -11.15% - 17.71% -3.44% 11.95% 5.06%
FCF Conversion (EBITDA) - - - - 107.44% - 75.5% 32.09%
FCF Conversion (Net income) - - - - 133.83% - 90.41% 37.33%
Dividend per Share 2 - 0.0164 0.0164 - 0.0201 0.0302 0.0418 0.0477
Announcement Date 2/29/20 3/29/21 3/31/22 3/29/23 3/25/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 S2 2022 S1 2023 S1 2024 S1 2024 S2
Net sales 1 199.3 255 - - 318.1 357.1
EBITDA - - - - - -
EBIT 1 - - 17.47 - 49.33 59.56
Operating Margin - - - - 15.51% 16.68%
Earnings before Tax (EBT) - - 16.47 - - -
Net income - - 15.48 32.62 - -
Net margin - - - - - -
EPS - - - 0.0288 - -
Dividend per Share - - - - - -
Announcement Date 9/17/21 3/31/22 8/29/22 8/21/23 - -
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - - 74.5 217 252 296
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - -50.6 - 104 -24 97.5 47
ROE (net income / shareholders' equity) - 39.6% 14.5% -5.5% 25.6% 23.8% 23.4% 22.9%
ROA (Net income/ Total Assets) - 23.9% 10% -3.55% 24.8% 15.1% 15.7% 15.7%
Assets 1 - - 415.3 459 313 607.6 686 801
Book Value Per Share 2 - 0.3200 0.2800 0.2500 0.2900 0.3400 0.4000 0.4500
Cash Flow per Share 2 - 0.0100 -0.0400 0 0.0900 0.0500 0.0600 0.0800
Capex 1 - 0.89 3.96 2.96 2.41 3.9 5.4 7.4
Capex / Sales - 0.26% 0.87% 0.6% 0.41% 0.56% 0.66% 0.8%
Announcement Date 2/29/20 3/29/21 3/31/22 3/29/23 3/25/24 - - -
1USD in Million2USD
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
7
Last Close Price
0.6314 USD
Average target price
0.8742 USD
Spread / Average Target
+38.45%
Consensus

Quarterly revenue - Rate of surprise

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