Financials China Zhenhua (Group) Science & Technology Co., Ltd

Equities

000733

CNE000000RY0

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
46.68 CNY -2.42% Intraday chart for China Zhenhua (Group) Science & Technology Co., Ltd -8.24% -20.67%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,829 30,296 64,394 59,447 32,493 25,869 - -
Enterprise Value (EV) 1 8,829 30,296 64,394 58,803 32,493 25,869 25,869 25,869
P/E ratio 29.7 x 49.9 x 42.9 x 24.9 x 11.5 x 7.87 x 6.67 x 8.16 x
Yield 0.29% 0.25% 0.24% 1% 1.89% 2.63% 2.78% 0.64%
Capitalization / Revenue 2.41 x 7.67 x 11.4 x 8.18 x 4.17 x 2.85 x 2.46 x 2.83 x
EV / Revenue 2.41 x 7.67 x 11.4 x 8.18 x 4.17 x 2.85 x 2.46 x 2.83 x
EV / EBITDA 14.5 x 32 x 32.1 x 19.5 x 9.5 x 6.37 x 5.47 x 6.29 x
EV / FCF - - 7,46,37,041 x - - - - -
FCF Yield - - 0% - - - - -
Price to Book 1.64 x 5.07 x 8.65 x 6.09 x 2.26 x 1.57 x 1.32 x 1.15 x
Nbr of stocks (in thousands) 5,14,806 5,14,806 5,18,134 5,20,413 5,52,226 5,54,169 - -
Reference price 2 17.15 58.85 124.3 114.2 58.84 46.68 46.68 46.68
Announcement Date 17/04/20 09/04/21 09/03/22 27/04/23 26/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,668 3,950 5,656 7,267 7,789 9,091 10,515 9,140
EBITDA 1 609 947.5 2,006 3,044 3,420 4,063 4,732 4,115
EBIT 1 397.4 729 1,757 2,754 3,112 2,651 4,378 3,677
Operating Margin 10.83% 18.46% 31.07% 37.9% 39.95% 29.16% 41.64% 40.23%
Earnings before Tax (EBT) 1 396.8 729.3 1,759 2,753 3,119 2,658 4,376 3,684
Net income 1 297.6 605.6 1,491 2,382 2,682 3,151 3,736 3,168
Net margin 8.11% 15.33% 26.36% 32.79% 34.43% 34.66% 35.53% 34.66%
EPS 2 0.5781 1.180 2.895 4.596 5.128 5.932 7.000 5.720
Free Cash Flow - - 862.8 - - - - -
FCF margin - - 15.25% - - - - -
FCF Conversion (EBITDA) - - 43% - - - - -
FCF Conversion (Net income) - - 57.87% - - - - -
Dividend per Share 2 0.0500 0.1500 0.3000 1.145 1.114 1.230 1.300 0.3000
Announcement Date 17/04/20 09/04/21 09/03/22 27/04/23 26/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - 1,566 - 2,210 1,717 1,760 1,014 2,357 2,255 1,894
EBITDA - - - - - - - - - -
EBIT - 565.6 - 915.1 608.4 - - - - -
Operating Margin - 36.11% - 41.41% 35.43% - - - - -
Earnings before Tax (EBT) - 566.6 - 916.7 610.5 - - - - -
Net income 1,864 518.9 - 795.6 528.2 - - - - -
Net margin - 33.13% - 36% 30.76% - - - - -
EPS 2 1.140 1.000 - 1.530 0.9900 1.200 0.1844 1.610 1.440 1.180
Dividend per Share - - - - - - - - - -
Announcement Date 27/10/22 27/04/23 24/05/23 24/08/23 26/10/23 26/04/24 26/04/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - 644 - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - 863 - - - - -
ROE (net income / shareholders' equity) 5.72% 10.7% 22.3% 27.8% 23.6% 20.8% 20.2% 14.1%
ROA (Net income/ Total Assets) 3.12% 6.83% 14.9% - - 11.1% 15.8% 11.6%
Assets 1 9,554 8,862 10,037 - - 28,488 23,588 27,240
Book Value Per Share 2 10.40 11.60 14.40 18.70 26.00 29.70 35.40 40.60
Cash Flow per Share 2 0.5000 -0.1300 2.580 1.580 2.230 4.790 4.260 4.390
Capex 1 329 399 473 436 438 447 352 459
Capex / Sales 8.96% 10.11% 8.36% 6% 5.62% 4.92% 3.35% 5.02%
Announcement Date 17/04/20 09/04/21 09/03/22 27/04/23 26/04/24 - - -
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
5
Last Close Price
46.68 CNY
Average target price
105.8 CNY
Spread / Average Target
+126.74%
Consensus
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