ZHEJIANG YONGTAI TECHNOLOGY CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.78 CNY | -0.91% |
|
-4.59% | -15.83% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,732 | 8,702 | 9,660 | 44,889 | 19,135 | 10,618 |
| Enterprise Value (EV) 1 | 6,891 | 9,905 | 11,619 | 47,180 | 21,530 | 13,692 |
| P/E ratio | 12.9 x | 31.9 x | 78.7 x | 160 x | 34.7 x | -16.7 x |
| Yield | 2.15% | - | - | 0.2% | 0.46% | - |
| Capitalization / Revenue | 1.74 x | 2.54 x | 2.8 x | 10.2 x | 3.03 x | 2.57 x |
| EV / Revenue | 2.09 x | 2.89 x | 3.37 x | 10.7 x | 3.41 x | 3.32 x |
| EV / EBITDA | 15.2 x | 16.9 x | 24.1 x | 40.5 x | 17 x | -43 x |
| EV / FCF | 39.3 x | 452 x | -13.9 x | 185 x | -347 x | 76.1 x |
| FCF Yield | 2.54% | 0.22% | -7.19% | 0.54% | -0.29% | 1.31% |
| Price to Book | 1.91 x | 2.72 x | 2.89 x | 12.7 x | 5.58 x | 3.36 x |
| Nbr of stocks (in thousands) | 919,013 | 878,996 | 876,566 | 876,566 | 876,566 | 913,761 |
| Reference price 2 | 6.238 | 9.900 | 11.02 | 51.21 | 21.83 | 11.62 |
| Announcement Date | 4/28/19 | 4/16/20 | 4/28/21 | 4/22/22 | 4/25/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,295 | 3,430 | 3,450 | 4,418 | 6,321 | 4,127 |
| EBITDA 1 | 454.1 | 586.7 | 482.6 | 1,164 | 1,265 | -318.8 |
| EBIT 1 | 262 | 362 | 226 | 883.9 | 908 | -718.9 |
| Operating Margin | 7.95% | 10.55% | 6.55% | 20.01% | 14.36% | -17.42% |
| Earnings before Tax (EBT) 1 | 523.5 | 356.4 | 95.23 | 588.6 | 818 | -799.3 |
| Net income 1 | 441.7 | 271.7 | 120 | 280.3 | 553.9 | -619.8 |
| Net margin | 13.4% | 7.92% | 3.48% | 6.34% | 8.76% | -15.02% |
| EPS 2 | 0.4819 | 0.3100 | 0.1400 | 0.3200 | 0.6300 | -0.6947 |
| Free Cash Flow 1 | 175.3 | 21.94 | -835.3 | 254.6 | -62.02 | 179.9 |
| FCF margin | 5.32% | 0.64% | -24.21% | 5.76% | -0.98% | 4.36% |
| FCF Conversion (EBITDA) | 38.59% | 3.74% | - | 21.88% | - | - |
| FCF Conversion (Net income) | 39.68% | 8.07% | - | 90.83% | - | - |
| Dividend per Share 2 | 0.1339 | - | - | 0.1000 | 0.1000 | - |
| Announcement Date | 4/28/19 | 4/16/20 | 4/28/21 | 4/22/22 | 4/25/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,158 | 1,203 | 1,959 | 2,291 | 2,394 | 3,074 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.551 x | 2.051 x | 4.059 x | 1.969 x | 1.893 x | -9.643 x |
| Free Cash Flow 1 | 175 | 21.9 | -835 | 255 | -62 | 180 |
| ROE (net income / shareholders' equity) | 14.5% | 7.99% | 2.27% | 13.8% | 18.4% | -19.7% |
| ROA (Net income/ Total Assets) | 2.62% | 3.35% | 1.93% | 6.32% | 5.38% | -3.95% |
| Assets 1 | 16,876 | 8,115 | 6,208 | 4,432 | 10,287 | 15,695 |
| Book Value Per Share 2 | 3.270 | 3.640 | 3.820 | 4.020 | 3.910 | 3.460 |
| Cash Flow per Share 2 | 0.5800 | 0.8000 | 0.6300 | 0.7600 | 1.090 | 1.210 |
| Capex 1 | 428 | 394 | 1,132 | 787 | 739 | 672 |
| Capex / Sales | 12.98% | 11.5% | 32.8% | 17.81% | 11.69% | 16.28% |
| Announcement Date | 4/28/19 | 4/16/20 | 4/28/21 | 4/22/22 | 4/25/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -15.83% | 1.24B | |
| +5.71% | 106B | |
| -4.19% | 63.67B | |
| +73.81% | 49.32B | |
| +15.46% | 38.56B | |
| +5.46% | 32.65B | |
| +11.59% | 20.08B | |
| +13.74% | 17.01B | |
| +20.05% | 15.41B | |
| +5.02% | 14.41B |
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