Financials Dongfeng Electronic Technology Co.,Ltd.

Equities

600081

CNE000000RP8

Auto, Truck & Motorcycle Parts

End-of-day quote Shanghai S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
10.1 CNY -1.66% Intraday chart for Dongfeng Electronic Technology Co.,Ltd. -0.39% -10.06%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,267 3,628 5,556 6,431 4,850 6,495
Enterprise Value (EV) 1 1,730 2,863 4,902 5,235 3,343 3,700
P/E ratio 15.4 x 24.5 x 56.4 x 20.8 x 44.6 x 42.2 x
Yield 1.96% 1.23% 0.54% 1.13% 0.71% 0.62%
Capitalization / Revenue 0.34 x 0.56 x 0.81 x 0.82 x 0.71 x 0.95 x
EV / Revenue 0.26 x 0.44 x 0.71 x 0.67 x 0.49 x 0.54 x
EV / EBITDA 3.55 x 5.88 x 10.2 x 9.8 x 6.93 x 9.77 x
EV / FCF 4.21 x 9.25 x 38.3 x 13 x 9.35 x 36.5 x
FCF Yield 23.8% 10.8% 2.61% 7.67% 10.7% 2.74%
Price to Book 1.75 x 2.6 x 3.89 x 2.05 x 1.53 x 1.43 x
Nbr of stocks (in thousands) 3,13,560 3,13,560 3,13,560 4,70,419 4,70,419 5,78,344
Reference price 2 7.230 11.57 17.72 13.67 10.31 11.23
Announcement Date 29/03/19 29/04/20 30/03/21 30/03/22 30/03/23 29/03/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 6,671 6,531 6,889 7,861 6,850 6,815
EBITDA 1 487.8 487 479.1 534.3 482.4 378.6
EBIT 1 272 267.1 265.8 332.6 240.9 143.9
Operating Margin 4.08% 4.09% 3.86% 4.23% 3.52% 2.11%
Earnings before Tax (EBT) 1 331.2 334.3 260.2 483.5 332.5 337.1
Net income 1 146.9 147.8 98.55 240.7 108.7 134.2
Net margin 2.2% 2.26% 1.43% 3.06% 1.59% 1.97%
EPS 2 0.4685 0.4714 0.3143 0.6578 0.2311 0.2660
Free Cash Flow 1 411.3 309.4 128 401.3 357.7 101.5
FCF margin 6.17% 4.74% 1.86% 5.11% 5.22% 1.49%
FCF Conversion (EBITDA) 84.32% 63.53% 26.72% 75.11% 74.14% 26.81%
FCF Conversion (Net income) 279.98% 209.3% 129.89% 166.75% 328.97% 75.65%
Dividend per Share 2 0.1420 0.1420 0.0950 0.1540 0.0736 0.0700
Announcement Date 29/03/19 29/04/20 30/03/21 30/03/22 30/03/23 29/03/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 537 765 654 1,196 1,507 2,795
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 411 309 128 401 358 101
ROE (net income / shareholders' equity) 14.7% 14.7% 10.8% 13.5% 7.08% 6.05%
ROA (Net income/ Total Assets) 2.92% 2.75% 2.44% 2.4% 1.63% 0.93%
Assets 1 5,036 5,378 4,032 10,047 6,668 14,493
Book Value Per Share 2 4.120 4.450 4.550 6.670 6.750 7.840
Cash Flow per Share 2 2.800 3.260 3.920 3.920 4.920 5.960
Capex 1 195 124 304 166 129 116
Capex / Sales 2.92% 1.9% 4.41% 2.12% 1.88% 1.71%
Announcement Date 29/03/19 29/04/20 30/03/21 30/03/22 30/03/23 29/03/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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