Financials AviChina Industry & Technology Company Limited

Equities

2357

CNE1000001Y8

Aerospace & Defense

Market Closed - Hong Kong S.E. 01:38:22 29/04/2024 pm IST 5-day change 1st Jan Change
3.43 HKD 0.00% Intraday chart for AviChina Industry & Technology Company Limited +5.86% +2.39%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,590 35,112 33,867 23,905 24,276 25,296 - -
Enterprise Value (EV) 1 16,616 22,421 16,407 -3,768 -3,816 635.3 14,424 25,296
P/E ratio 14.3 x 17.6 x 14.3 x 10.8 x 9.79 x 8.69 x 7.52 x 6.74 x
Yield 0.96% 1.1% 1.82% 2.58% 2.89% 3.28% 3.77% 3.85%
Capitalization / Revenue 0.47 x 0.7 x 0.56 x 0.38 x 0.29 x 0.26 x 0.24 x 0.2 x
EV / Revenue 0.39 x 0.45 x 0.27 x -0.06 x -0.05 x 0.01 x 0.14 x 0.2 x
EV / EBITDA 3.58 x 3.79 x 2.27 x -0.49 x -0.39 x 0.06 x 1.25 x 1.77 x
EV / FCF 6.95 x -12.7 x - - - 0.74 x 12.5 x -
FCF Yield 14.4% -7.85% - - - 135% 7.98% -
Price to Book 1.06 x 1.25 x 1.26 x 0.85 x 0.77 x 0.74 x 0.66 x 0.6 x
Nbr of stocks (in thousands) 62,45,122 77,11,332 77,11,332 77,11,332 79,72,854 79,72,854 - -
Reference price 2 3.137 4.553 4.392 3.100 3.045 3.173 3.173 3.173
Announcement Date 30/03/20 30/03/21 30/03/22 15/03/23 15/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 42,119 50,117 60,296 63,639 84,725 98,826 1,03,594 1,28,641
EBITDA 1 4,648 5,920 7,235 7,614 9,780 11,025 11,521 14,300
EBIT 1 3,397 4,297 5,492 5,190 6,989 7,978 8,997 10,600
Operating Margin 8.06% 8.57% 9.11% 8.15% 8.25% 8.07% 8.68% 8.24%
Earnings before Tax (EBT) 1 3,234 4,362 5,315 5,248 7,069 8,005 9,045 10,848
Net income 1 1,377 1,995 2,369 2,216 2,447 2,871 3,466 3,769
Net margin 3.27% 3.98% 3.93% 3.48% 2.89% 2.9% 3.35% 2.93%
EPS 2 0.2200 0.2580 0.3070 0.2870 0.3110 0.3649 0.4221 0.4708
Free Cash Flow 1 2,390 -1,761 - - - 860 1,152 -
FCF margin 5.67% -3.51% - - - 0.87% 1.11% -
FCF Conversion (EBITDA) 51.42% - - - - 7.8% 10% -
FCF Conversion (Net income) 173.56% - - - - 29.96% 33.23% -
Dividend per Share 2 0.0300 0.0500 0.0800 0.0800 0.0880 0.1041 0.1197 0.1222
Announcement Date 30/03/20 30/03/21 30/03/22 15/03/23 15/03/24 - - -
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 2,973 12,691 17,460 27,673 28,092 24,660 10,872 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2,390 -1,761 - - - 860 1,152 -
ROE (net income / shareholders' equity) 7.69% 9.31% 9.5% 8.06% 7.96% 8.62% 10.1% 9.49%
ROA (Net income/ Total Assets) 1.54% 1.78% 1.9% 1.6% 1.34% 2.55% 2.71% -
Assets 1 89,348 1,11,932 1,24,771 1,38,951 1,82,065 1,12,576 1,27,727 -
Book Value Per Share 2 2.960 3.630 3.490 3.650 3.960 4.280 4.780 5.290
Cash Flow per Share 2 0.4300 - 0.2900 1.340 -0.5200 0.8100 0.9300 0.9500
Capex 1 2,743 2,226 2,858 3,183 - 3,365 3,298 3,500
Capex / Sales 6.51% 4.44% 4.74% 5% - 3.41% 3.18% 2.72%
Announcement Date 30/03/20 30/03/21 30/03/22 15/03/23 15/03/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
3.175 CNY
Average target price
5.64 CNY
Spread / Average Target
+77.64%
Consensus

Annual profits - Rate of surprise

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