Financials Zhejiang Leapmotor Technology Co., Ltd.

Equities

9863

CNE100005K77

Auto & Truck Manufacturers

Market Closed - Hong Kong S.E. 04:08:28 2024-05-24 EDT 5-day change 1st Jan Change
30.55 HKD -0.16% Intraday chart for Zhejiang Leapmotor Technology Co., Ltd. -2.40% -14.43%

Valuation

Fiscal Period: December 2022 2023 2024 2025 2026
Capitalization 1 30,478 43,382 37,862 - -
Enterprise Value (EV) 1 23,499 31,324 25,656 22,165 2,525
P/E ratio -5.45 x -8.96 x -11.5 x -61.7 x 22.3 x
Yield - - - - -
Capitalization / Revenue 2.46 x 2.59 x 1.16 x 0.66 x 0.51 x
EV / Revenue 1.9 x 1.87 x 0.78 x 0.39 x 0.03 x
EV / EBITDA -4.88 x -8.29 x -9.3 x -84 x 0.54 x
EV / FCF -6.23 x -139 x -28.2 x 6.31 x 0.32 x
FCF Yield -16% -0.72% -3.54% 15.9% 308%
Price to Book 3.69 x 3.47 x 3.58 x 3.4 x 2.8 x
Nbr of stocks (in thousands) 1,142,706 1,336,966 1,336,966 - -
Reference price 2 26.67 32.45 28.32 28.32 28.32
Announcement Date 3/21/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 - 12,385 16,747 32,776 57,205 74,929
EBITDA 1 - -4,811 -3,776 -2,758 -263.9 4,666
EBIT 1 - -5,227 -4,377 -3,302 -1,145 734.8
Operating Margin - -42.2% -26.14% -10.07% -2% 0.98%
Earnings before Tax (EBT) 1 - -5,109 -4,216 -3,154 -550.9 1,595
Net income 1 -2,846 -5,109 -4,216 -3,183 -964.3 1,654
Net margin - -41.25% -25.18% -9.71% -1.69% 2.21%
EPS 2 -3.030 -4.890 -3.620 -2.472 -0.4590 1.269
Free Cash Flow 1 - -3,770 -224.8 -909 3,514 7,780
FCF margin - -30.44% -1.34% -2.77% 6.14% 10.38%
FCF Conversion (EBITDA) - - - - - 166.74%
FCF Conversion (Net income) - - - - - 470.46%
Dividend per Share 2 - - - - - -
Announcement Date 3/7/22 3/21/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 S1 2023 S2
Net sales 1 - 10,934
EBITDA - -
EBIT 1 - -2,111
Operating Margin - -19.31%
Earnings before Tax (EBT) - -
Net income -2,276 -
Net margin - -
EPS -1.990 -
Dividend per Share - -
Announcement Date 8/25/23 3/25/24
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - -
Net Cash position 1 - 6,979 12,058 12,206 15,697 35,337
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - -3,770 -225 -909 3,514 7,780
ROE (net income / shareholders' equity) - -66% -40.6% -27% -3.91% 14.8%
ROA (Net income/ Total Assets) - -32.1% -17.7% -10.5% -1.83% 3.15%
Assets 1 - 15,897 23,861 30,416 52,835 52,527
Book Value Per Share 2 - 7.230 9.350 7.920 8.320 10.10
Cash Flow per Share 2 - -2.300 0.9300 -1.060 3.080 3.110
Capex 1 - 1,392 1,276 1,617 1,966 2,304
Capex / Sales - 11.24% 7.62% 4.93% 3.44% 3.07%
Announcement Date 3/7/22 3/21/23 3/25/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
28.32 CNY
Average target price
36.24 CNY
Spread / Average Target
+27.97%
Consensus

Annual profits - Rate of surprise

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