Financials BAIC BluePark New Energy Technology Co.,Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 26/04/2024 am IST			5-day change	1st Jan Change
6.99 ^CNY	+1.90%		-0.85%	+14.03%

26/04	BAIC BluePark New Energy Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
14/03	BAIC Motor to Gain Rights Held by Controlling Shareholder in BAIC BluePark New Energy Technology	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	20,403	30,290	42,959	25,509	34,166	38,959	-	-
Enterprise Value (EV) ¹	20,403	47,051	53,373	33,666	40,118	36,901	32,432	38,959
P/E ratio	221 x	-4.67 x	-7.69 x	-4.67 x	-5.72 x	-8.17 x	175 x	-180 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	0.86 x	5.74 x	4.94 x	2.68 x	2.39 x	1.43 x	0.92 x	0.65 x
EV / Revenue	0.86 x	8.92 x	6.14 x	3.54 x	2.8 x	1.35 x	0.76 x	0.65 x
EV / EBITDA	21.9 x	-18.7 x	-25.9 x	-8.83 x	-10.5 x	-19.4 x	-26.6 x	10.2 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.17 x	2.77 x	3.86 x	4.5 x	5.43 x	-19.7 x	51.8 x	-18 x
Nbr of stocks (in thousands)	34,93,659	34,93,659	42,87,310	42,87,310	55,73,503	55,73,503	-	-
Reference price ²	5.840	8.670	10.02	5.950	6.130	6.990	6.990	6.990
Announcement Date	20/04/20	29/04/21	25/03/22	28/04/23	27/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	23,589	5,272	8,697	9,514	14,319	27,282	42,553	59,825
EBITDA ¹	932.6	-2,516	-2,060	-3,814	-3,825	-1,902	-1,219	3,830
EBIT ¹	-164.7	-6,559	-5,179	-5,425	-5,349	-4,285	-3,200	1,433
Operating Margin	-0.7%	-124.41%	-59.55%	-57.02%	-37.36%	-15.71%	-7.52%	2.4%
Earnings before Tax (EBT) ¹	-155.5	-6,561	-5,180	-5,425	-5,349	-4,469	-3,644	-186.6
Net income ¹	92.01	-6,482	-5,244	-5,465	-5,400	-4,179	68.7	-216.6
Net margin	0.39%	-122.95%	-60.3%	-57.44%	-37.71%	-15.32%	0.16%	-0.36%
EPS ²	0.0264	-1.856	-1.304	-1.275	-1.072	-0.8559	0.0400	-0.0389
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	-	-	-	-
Announcement Date	20/04/20	29/04/21	25/03/22	28/04/23	27/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	16,761	10,414	8,157	5,952	-	-	-
Net Cash position ¹	-	-	-	-	-	2,058	6,526	-
Leverage (Debt/EBITDA)	-	-6.663 x	-5.055 x	-2.139 x	-1.556 x	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	0.53%	-45.8%	-47.6%	-65.1%	-83.2%	-42.8%	-10.6%	-
ROA (Net income/ Total Assets)	-	-	-12.7%	-	-	-9.34%	-4.71%	-0.39%
Assets ¹	-	-	41,353	-	-	44,752	-1,457	55,064
Book Value Per Share ²	4.980	3.130	2.590	1.320	1.130	-0.3600	0.1400	-0.3900
Cash Flow per Share ²	-	-1.900	1.160	0.8200	-0.0800	-0.5800	-0.4700	0.1000
Capex ¹	-	-	2,246	-	1,570	1,400	1,200	-
Capex / Sales	-	-	25.82%	-	10.97%	5.13%	2.82%	-
Announcement Date	20/04/20	29/04/21	25/03/22	28/04/23	27/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

6.99 CNY

Average target price

7.3 CNY

Spread / Average Target

+4.43%

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