ZHEJIANG CRYSTAL-OPTECH CO., LTD Financials Zhejiang Crystal-Optech Co., Ltd
Equities
002273
CNE100000CT1
Electronic Equipment & Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.29 CNY | +0.99% |
|
-0.97% | +5.54% |
| 04-29 | Zhejiang Crystal-Optech Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 04-12 | Zhejiang Crystal-Optech Co., Ltd Approves Cash Dividend for 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 18,475 | 14,025 | 24,051 | 16,213 | 18,513 | 19,769 | - | - |
| Enterprise Value (EV) 1 | 18,475 | 14,025 | 24,051 | 13,816 | 16,230 | 17,245 | 16,483 | 19,769 |
| P/E ratio | 36.7 x | 31.3 x | 51.1 x | 28.1 x | 31.5 x | 24.4 x | 21.1 x | 17.8 x |
| Yield | 0.62% | - | - | 1.7% | 2.22% | 2.83% | 2.51% | - |
| Capitalization / Revenue | 6.16 x | 4.35 x | 6.31 x | 3.71 x | 3.65 x | 3.1 x | 2.59 x | 2.22 x |
| EV / Revenue | 6.16 x | 4.35 x | 6.31 x | 3.16 x | 3.2 x | 2.7 x | 2.16 x | 2.22 x |
| EV / EBITDA | 23.8 x | 17.7 x | 29.5 x | 14.1 x | 15 x | 13.6 x | 11.3 x | 11.2 x |
| EV / FCF | - | -583 x | -123 x | -97.7 x | 109 x | 27.7 x | 16.2 x | - |
| FCF Yield | - | -0.17% | -0.81% | -1.02% | 0.92% | 3.61% | 6.17% | - |
| Price to Book | 4.06 x | 2.51 x | 2.98 x | 2.01 x | 2.19 x | 2.21 x | 2.06 x | 1.94 x |
| Nbr of stocks (in thousands) | 1,143,277 | 1,210,074 | 1,383,018 | 1,375,150 | 1,367,268 | 1,383,439 | - | - |
| Reference price 2 | 16.16 | 11.59 | 17.39 | 11.79 | 13.54 | 14.29 | 14.29 | 14.29 |
| Announcement Date | 20-02-25 | 21-04-07 | 22-03-09 | 23-04-11 | 24-03-21 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,000 | 3,223 | 3,809 | 4,376 | 5,076 | 6,383 | 7,621 | 8,917 |
| EBITDA 1 | 776.4 | 794 | 815.2 | 978.1 | 1,082 | 1,272 | 1,461 | 1,760 |
| EBIT 1 | 566.1 | 528.8 | 498.7 | 617.8 | 664.6 | 857.1 | 1,014 | 1,262 |
| Operating Margin | 18.87% | 16.41% | 13.09% | 14.12% | 13.09% | 13.43% | 13.31% | 14.15% |
| Earnings before Tax (EBT) 1 | 558.3 | 511.9 | 496.6 | 615.4 | 665.7 | 900.9 | 1,043 | 1,261 |
| Net income 1 | 491.1 | 443.4 | 442.2 | 576.2 | 600.2 | 814 | 942.5 | 1,123 |
| Net margin | 16.37% | 13.75% | 11.61% | 13.17% | 11.82% | 12.75% | 12.37% | 12.6% |
| EPS 2 | 0.4400 | 0.3700 | 0.3400 | 0.4200 | 0.4300 | 0.5849 | 0.6775 | 0.8050 |
| Free Cash Flow 1 | - | -24.07 | -194.8 | -141.4 | 149 | 623 | 1,017 | - |
| FCF margin | - | -0.75% | -5.11% | -3.23% | 2.94% | 9.76% | 13.35% | - |
| FCF Conversion (EBITDA) | - | - | - | - | 13.77% | 48.98% | 69.63% | - |
| FCF Conversion (Net income) | - | - | - | - | 24.82% | 76.54% | 107.9% | - |
| Dividend per Share 2 | 0.1000 | - | - | 0.2000 | 0.3000 | 0.4048 | 0.3584 | - |
| Announcement Date | 20-02-25 | 21-04-07 | 22-03-09 | 23-04-11 | 24-03-21 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 954.5 | 2,089 | 946.5 | 938 | 1,317 | 1,174 | 2,491 | 876.9 | 976.9 | 1,696 | 1,527 | 3,222 | 1,345 | 1,246 | 1,922 | 1,766 | 1,338 | 1,281 |
| EBITDA 1 | - | - | - | - | 283.7 | - | - | - | - | - | - | - | - | 221.6 | 454.1 | 360.2 | - | - |
| EBIT 1 | 91.8 | 300 | - | - | 269.5 | 67.45 | 337 | 106.7 | 94.82 | 295.2 | 167.8 | 463.1 | 203.5 | 92.47 | 335.4 | 232.2 | 162 | 128 |
| Operating Margin | 9.62% | 14.36% | - | - | 20.46% | 5.75% | 13.53% | 12.17% | 9.71% | 17.41% | 10.99% | 14.37% | 15.13% | 7.42% | 17.45% | 13.15% | 12.11% | 9.99% |
| Earnings before Tax (EBT) 1 | - | 297.9 | - | - | - | 65.3 | 334.8 | 106.2 | - | 294.2 | 169.9 | 464.1 | 203.6 | 117 | 301 | 272 | 198 | 164 |
| Net income 1 | 88.49 | 267.1 | 114.1 | 131.4 | 234.7 | 96.04 | 330.7 | 92.78 | 84.64 | 260.4 | 162.4 | 422.8 | 178.6 | 110.9 | 332 | 212.2 | 179 | 151 |
| Net margin | 9.27% | 12.79% | 12.05% | 14% | 17.82% | 8.18% | 13.28% | 10.58% | 8.66% | 15.36% | 10.64% | 13.12% | 13.27% | 8.9% | 17.28% | 12.01% | 13.38% | 11.79% |
| EPS 2 | 0.0600 | 0.2000 | 0.0800 | 0.1000 | 0.1700 | 0.0700 | 0.2400 | 0.0700 | 0.0600 | 0.1800 | 0.1200 | 0.3000 | 0.1300 | 0.0798 | 0.2388 | 0.1526 | 0.1300 | 0.1100 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 22-03-09 | 22-03-09 | 22-04-14 | 22-08-17 | 22-10-24 | 23-04-11 | 23-04-11 | 23-04-24 | 23-08-29 | 23-10-20 | 24-03-21 | 24-03-21 | 24-04-29 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 2,397 | 2,283 | 2,524 | 3,286 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | -24.1 | -195 | -141 | 149 | 623 | 1,017 | - |
| ROE (net income / shareholders' equity) | 12% | 8.32% | 6.46% | 7.15% | 7.15% | 9.05% | 9.79% | 10.9% |
| ROA (Net income/ Total Assets) | 8.27% | 6.38% | - | 5.73% | - | 6.9% | 7.35% | 7.9% |
| Assets 1 | 5,939 | 6,952 | - | 10,057 | - | 11,797 | 12,823 | 14,218 |
| Book Value Per Share 2 | 3.980 | 4.620 | 5.830 | 5.860 | 6.190 | 6.470 | 6.930 | 7.360 |
| Cash Flow per Share 2 | 0.5000 | 0.4500 | 0.5500 | 0.6100 | 0.8800 | 0.6200 | 0.9400 | 1.060 |
| Capex 1 | 847 | 542 | 780 | 926 | 1,081 | 766 | 742 | 763 |
| Capex / Sales | 28.23% | 16.83% | 20.48% | 21.15% | 21.29% | 12% | 9.73% | 8.56% |
| Announcement Date | 20-02-25 | 21-04-07 | 22-03-09 | 23-04-11 | 24-03-21 | - | - | - |
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
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
14.29
CNY
Average target price
17.12
CNY
Spread / Average Target
+19.78%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.54% | 2.71B | |
| +28.73% | 76.04B | |
| -6.97% | 34.28B | |
| -13.44% | 29.4B | |
| -7.43% | 14.17B | |
| -5.41% | 10.37B | |
| +9.85% | 9.85B | |
| +8.54% | 8.57B | |
| -12.57% | 8.45B | |
| +25.25% | 8.34B |
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