Financials Guangdong Xinbao Electrical Appliances Holdings Co., Ltd

Equities

002705

CNE100001R82

Appliances, Tools & Housewares

End-of-day quote Shenzhen S.E. 03:30:00 14/05/2024 am IST 5-day change 1st Jan Change
17.57 CNY -2.06% Intraday chart for Guangdong Xinbao Electrical Appliances Holdings Co., Ltd +2.39% +20.59%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,216 33,862 20,239 13,575 11,920 14,375 - -
Enterprise Value (EV) 1 13,216 33,862 20,239 9,996 9,045 11,803 12,655 13,497
P/E ratio 19.2 x 30.3 x 25.7 x 14.2 x 12.3 x 12.7 x 11.4 x 10.4 x
Yield 2.43% 1.42% 0.81% 2.4% 2.75% 2.67% 2.98% 3.64%
Capitalization / Revenue 1.45 x 2.57 x 1.36 x 0.99 x 0.81 x 0.89 x 0.82 x 0.75 x
EV / Revenue 1.45 x 2.57 x 1.36 x 0.73 x 0.62 x 0.73 x 0.72 x 0.71 x
EV / EBITDA 11.5 x 19.2 x 14.4 x 5.68 x 4.74 x 5.66 x 5.56 x 5.49 x
EV / FCF - - -94.4 x 25.3 x -137 x 16 x 8.75 x 8.22 x
FCF Yield - - -1.06% 3.95% -0.73% 6.24% 11.4% 12.2%
Price to Book 3.07 x 5.61 x 3.36 x 1.97 x 1.58 x 1.71 x 1.54 x 1.4 x
Nbr of stocks (in thousands) 8,01,473 8,01,473 8,19,412 8,15,333 8,18,146 8,18,146 - -
Reference price 2 16.49 42.25 24.70 16.65 14.57 17.57 17.57 17.57
Announcement Date 25/02/20 05/03/21 25/02/22 27/02/23 29/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,125 13,191 14,912 13,696 14,647 16,203 17,633 19,123
EBITDA 1 1,154 1,759 1,402 1,760 1,909 2,084 2,275 2,460
EBIT 1 784.4 1,375 977.3 1,281 1,312 1,473 1,647 1,812
Operating Margin 8.6% 10.42% 6.55% 9.35% 8.96% 9.09% 9.34% 9.48%
Earnings before Tax (EBT) 1 795.3 1,374 986.4 1,257 1,307 1,478 1,647 1,793
Net income 1 687.3 1,118 792.5 961.4 977.1 1,137 1,265 1,382
Net margin 7.53% 8.48% 5.31% 7.02% 6.67% 7.02% 7.17% 7.23%
EPS 2 0.8575 1.396 0.9613 1.174 1.188 1.380 1.535 1.682
Free Cash Flow 1 - - -214.4 394.7 -66.08 736 1,447 1,642
FCF margin - - -1.44% 2.88% -0.45% 4.54% 8.21% 8.59%
FCF Conversion (EBITDA) - - - 22.42% - 35.32% 63.61% 66.76%
FCF Conversion (Net income) - - - 41.05% - 64.72% 114.4% 118.81%
Dividend per Share 2 0.4000 0.6000 0.2000 0.4000 0.4000 0.4683 0.5233 0.6400
Announcement Date 25/02/20 05/03/21 25/02/22 27/02/23 29/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 4,209 3,642 - 3,591 2,979 2,829 3,525 4,400 3,892 3,474 3,990 4,672 4,218
EBITDA - - - - - - - - - - - - -
EBIT - - - - 204 196.7 331.5 442 - 251.7 - - -
Operating Margin - - - - 6.85% 6.95% 9.4% 10.05% - 7.25% - - -
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 197.6 - 486.3 357.5 - - - - 241.2 172.6 - - -
Net margin 4.69% - - 9.95% - - - - 6.2% 4.97% - - -
EPS 2 0.2400 - 0.5965 - 0.1400 0.1681 0.3100 0.4100 0.3000 0.2110 0.3600 0.4600 0.3200
Dividend per Share - - - - - - - - - - - - -
Announcement Date 25/02/22 27/04/22 26/08/22 27/10/22 27/02/23 27/04/23 28/08/23 27/10/23 29/02/24 26/04/24 - - -
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 - - - 3,580 2,875 2,572 1,720 878
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - -214 395 -66.1 736 1,447 1,642
ROE (net income / shareholders' equity) 16.7% 23.7% 12.9% 14.7% 13.3% 13.7% 13.7% 13.7%
ROA (Net income/ Total Assets) 9% 10.8% 6.33% 7.54% 7.15% 7.41% 7.47% 7.47%
Assets 1 7,641 10,323 12,518 12,746 13,671 15,352 16,939 18,509
Book Value Per Share 2 5.360 7.530 7.360 8.440 9.230 10.30 11.40 12.50
Cash Flow per Share 2 1.800 3.130 1.020 1.720 2.320 2.010 2.660 2.140
Capex 1 614 919 1,061 1,028 1,975 723 695 553
Capex / Sales 6.73% 6.97% 7.11% 7.51% 13.48% 4.46% 3.94% 2.89%
Announcement Date 25/02/20 05/03/21 25/02/22 27/02/23 29/02/24 - - -
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
12
Last Close Price
17.57 CNY
Average target price
22.33 CNY
Spread / Average Target
+27.10%
Consensus
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