Financials Zhejiang Meida Industrial Co., Ltd.

Equities

002677

CNE100001DR1

Appliances, Tools & Housewares

End-of-day quote Shenzhen S.E. 18:00:00 2024-07-15 EDT 5-day change 1st Jan Change
7.22 CNY -2.96% Intraday chart for Zhejiang Meida Industrial Co., Ltd. -9.07% -28.59%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,631 10,292 11,209 7,158 6,532 4,600 - -
Enterprise Value (EV) 1 8,631 9,782 10,564 6,061 5,247 3,384 3,264 3,146
P/E ratio 18.8 x 19 x 16.7 x 15.8 x 14 x 10.5 x 9.98 x 9.5 x
Yield 4.06% 3.77% 3.8% 5.6% 7.42% 7.66% 7.99% 8.31%
Capitalization / Revenue 5.12 x 5.81 x 5.17 x 3.9 x 3.91 x 2.85 x 2.72 x 2.63 x
EV / Revenue 5.12 x 5.52 x 4.87 x 3.3 x 3.14 x 2.1 x 1.93 x 1.8 x
EV / EBITDA 15.1 x 14 x 12.7 x 11.9 x 8.63 x 6.52 x 5.9 x 5.49 x
EV / FCF - - 19 x 17.5 x 8.29 x 8.1 x 7.42 x 6.38 x
FCF Yield - - 5.26% 5.72% 12.1% 12.4% 13.5% 15.7%
Price to Book 5.68 x 6.04 x 5.75 x 3.64 x 3.22 x 2.3 x 2.22 x 2.17 x
Nbr of stocks (in thousands) 646,052 646,052 646,052 646,052 646,052 646,052 - -
Reference price 2 13.36 15.93 17.35 11.08 10.11 7.220 7.220 7.220
Announcement Date 2/25/20 2/21/21 2/27/22 4/20/23 4/18/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,684 1,771 2,168 1,834 1,673 1,614 1,693 1,749
EBITDA 1 572 697.5 835.1 508.3 608 519.3 553.2 573.3
EBIT 1 534.8 635.4 780.1 528.7 544.1 529.3 561.5 594.1
Operating Margin 31.75% 35.88% 35.99% 28.83% 32.53% 32.79% 33.17% 33.96%
Earnings before Tax (EBT) 1 534.3 634.1 779.2 525 544 517.7 547 572.4
Net income 1 460 543.6 668.8 452.2 464.3 442.3 467.2 489.3
Net margin 27.31% 30.7% 30.85% 24.66% 27.76% 27.4% 27.6% 27.97%
EPS 2 0.7100 0.8400 1.040 0.7000 0.7200 0.6867 0.7233 0.7600
Free Cash Flow 1 - - 555.6 346.7 633 418 440 493
FCF margin - - 25.63% 18.91% 37.85% 25.9% 25.99% 28.18%
FCF Conversion (EBITDA) - - 66.53% 68.21% 104.11% 80.5% 79.54% 85.99%
FCF Conversion (Net income) - - 83.07% 76.69% 136.34% 94.52% 94.18% 100.75%
Dividend per Share 2 0.5420 0.6000 0.6600 0.6200 0.7500 0.5533 0.5767 0.6000
Announcement Date 2/25/20 2/21/21 2/27/22 4/20/23 4/18/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 704.4 633.7 413.3 418.8 565.6 436.2 338.7 433.7 488.9 411.2 273 236.9 505.2 447.6
EBITDA - - - - - - - - - - - - - -
EBIT - 252.9 142.5 129.7 166.9 89.59 117.6 118.9 169.3 120.8 90.46 - - -
Operating Margin - 39.9% 34.49% 30.97% 29.5% 20.54% 34.72% 27.41% 34.63% 29.37% 33.14% - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income - 217.9 121.6 - - - - - - - - - - -
Net margin - 34.39% 29.41% - - - - - - - - - - -
EPS 2 0.2800 0.3400 0.1900 0.1700 0.2200 0.1200 0.1600 0.1800 0.2200 0.1600 0.1200 0.0400 0.2400 0.2100
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 7/29/19 2/27/22 4/19/22 8/25/22 10/25/22 4/20/23 4/20/23 8/28/23 10/29/23 4/18/24 4/18/24 - - -
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 - 510 645 1,098 1,285 1,216 1,336 1,454
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 556 347 633 418 440 493
ROE (net income / shareholders' equity) 33.1% 34.4% 37% 23.5% 23.6% 22.4% 23% 23.6%
ROA (Net income/ Total Assets) 24.4% 26% 28% 19.5% 20.1% 19.7% 20.4% 21.2%
Assets 1 1,884 2,092 2,387 2,318 2,307 2,245 2,296 2,308
Book Value Per Share 2 2.350 2.640 3.020 3.040 3.140 3.130 3.250 3.330
Cash Flow per Share 2 0.8400 0.9800 0.9600 0.5700 0.9000 0.6500 0.8200 0.7000
Capex 1 278 70 63 23 11.2 34.6 32.5 29.7
Capex / Sales 16.48% 3.96% 2.91% 1.25% 0.67% 2.14% 1.92% 1.7%
Announcement Date 2/25/20 2/21/21 2/27/22 4/20/23 4/18/24 - - -
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
6
Last Close Price
7.22 CNY
Average target price
9.67 CNY
Spread / Average Target
+33.93%
Consensus
  1. Stock Market
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  4. Financials Zhejiang Meida Industrial Co., Ltd.