HANGZHOU ZHENGQIANG CORPORATION LIMITED Financials Hangzhou Zhengqiang Corporation Limited
Equities
301119
CNE100004YL4
Auto, Truck & Motorcycle Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 19.81 CNY | +0.51% |
|
-1.49% | -23.45% |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 |
|---|---|---|---|
| Capitalization 1 | 3,308 | 2,109 | 2,692 |
| Enterprise Value (EV) 1 | 2,747 | 1,375 | 1,891 |
| P/E ratio | 48.1 x | 21.5 x | 27.8 x |
| Yield | 0.18% | 0.57% | 0.39% |
| Capitalization / Revenue | 9.34 x | 4.93 x | 6.45 x |
| EV / Revenue | 7.76 x | 3.21 x | 4.53 x |
| EV / EBITDA | 42.3 x | 14.7 x | 17.6 x |
| EV / FCF | 454 x | 9.14 x | 265 x |
| FCF Yield | 0.22% | 10.9% | 0.38% |
| Price to Book | 4.25 x | 2.42 x | 2.82 x |
| Nbr of stocks (in thousands) | 1,04,000 | 1,04,000 | 1,04,000 |
| Reference price 2 | 31.81 | 20.28 | 25.88 |
| Announcement Date | 20/04/22 | 21/04/23 | 21/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 322 | 331 | 282.1 | 354.1 | 427.8 | 417.4 |
| EBITDA 1 | 69.25 | 84.43 | 70.67 | 64.96 | 93.84 | 107.6 |
| EBIT 1 | 57.58 | 72.48 | 60.15 | 53.2 | 80.29 | 91.26 |
| Operating Margin | 17.88% | 21.9% | 21.32% | 15.02% | 18.77% | 21.86% |
| Earnings before Tax (EBT) 1 | 62.56 | 75.71 | 60.85 | 59.09 | 110.1 | 110.4 |
| Net income 1 | 51.95 | 65.23 | 52.92 | 53.01 | 98.04 | 96.92 |
| Net margin | 16.13% | 19.71% | 18.76% | 14.97% | 22.92% | 23.22% |
| EPS | - | 0.8362 | 0.6769 | 0.6615 | 0.9427 | 0.9300 |
| Free Cash Flow 1 | 32.51 | 34.9 | 22.19 | 6.044 | 150.5 | 7.125 |
| FCF margin | 10.1% | 10.54% | 7.87% | 1.71% | 35.17% | 1.71% |
| FCF Conversion (EBITDA) | 46.94% | 41.33% | 31.41% | 9.3% | 160.32% | 6.62% |
| FCF Conversion (Net income) | 62.57% | 53.5% | 41.94% | 11.4% | 153.45% | 7.35% |
| Dividend per Share | - | - | - | 0.0577 | 0.1154 | 0.1000 |
| Announcement Date | 05/07/20 | 05/07/20 | 08/11/21 | 20/04/22 | 21/04/23 | 21/04/24 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 36.7 | 94.7 | 253 | 561 | 734 | 801 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 32.5 | 34.9 | 22.2 | 6.04 | 150 | 7.12 |
| ROE (net income / shareholders' equity) | 22.8% | 29.8% | 13% | 8.74% | 11.9% | 10.5% |
| ROA (Net income/ Total Assets) | 11.4% | 14.6% | 7.5% | 4.77% | 5.13% | 5.07% |
| Assets 1 | 457.3 | 446.8 | 705.6 | 1,112 | 1,912 | 1,911 |
| Book Value Per Share | - | 3.220 | 5.570 | 7.480 | 8.360 | 9.180 |
| Cash Flow per Share | - | 0.4100 | 3.250 | 3.730 | 6.730 | 7.610 |
| Capex 1 | 28.3 | 28.7 | 10.4 | 10.4 | 17.9 | 42.9 |
| Capex / Sales | 8.77% | 8.68% | 3.68% | 2.93% | 4.18% | 10.28% |
| Announcement Date | 05/07/20 | 05/07/20 | 08/11/21 | 20/04/22 | 21/04/23 | 21/04/24 |
1CNY in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -23.45% | 285M | |
| +23.77% | 49.3B | |
| -8.48% | 22.34B | |
| +20.25% | 19.84B | |
| +27.95% | 16.94B | |
| -4.22% | 15.1B | |
| -17.45% | 13.65B | |
| -19.01% | 13.55B | |
| +32.05% | 11.9B | |
| +39.02% | 10.98B |
- Stock Market
- Equities
- 301119 Stock
- Financials Hangzhou Zhengqiang Corporation Limited
