Stock 002690 HEFEI MEYER OPTOELECTRONIC TECHNOLOGY INC.
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Financials Hefei Meyer Optoelectronic Technology Inc.

Equities

002690

CNE100001JZ1

Electrical Components & Equipment

End-of-day quote Shenzhen S.E.
Other stock markets
 03:30:00 30/04/2024 am IST 		5-day change 1st Jan Change
17.92 CNY -2.18% Intraday chart for Hefei Meyer Optoelectronic Technology Inc. -6.57% -8.76%
25/04 Hefei Meyer Optoelectronic Technology Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
24/04 Hefei Meyer Optoelectronic Technology Inc. Approves Cash Dividend for 2023 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 26,432 29,933 25,408 21,021 17,271 15,759 - -
Enterprise Value (EV) 1 26,432 29,225 24,326 19,566 15,851 14,394 14,300 14,176
P/E ratio 48.5 x 68.3 x 49.6 x 28.8 x 23.2 x 17.9 x 15.6 x 14.5 x
Yield 2.05% 1.81% 2.14% 2.93% 3.56% 4.69% 4.83% 5.63%
Capitalization / Revenue 17.6 x 20 x 14 x 9.93 x 7.12 x 5.58 x 4.85 x 4.51 x
EV / Revenue 17.6 x 19.5 x 13.4 x 9.24 x 6.54 x 5.1 x 4.4 x 4.06 x
EV / EBITDA 40.9 x 55.6 x 40.1 x 22.4 x 18.5 x 15 x 12 x 12.5 x
EV / FCF - 90.5 x - 81.1 x 24.7 x 17.7 x 15.4 x 12.9 x
FCF Yield - 1.11% - 1.23% 4.05% 5.64% 6.5% 7.72%
Price to Book 11.1 x 13.1 x 10.1 x 7.96 x 6.28 x 5.43 x 4.8 x 4.41 x
Nbr of stocks (in thousands) 8,78,800 8,78,800 8,81,748 8,79,535 8,79,382 8,79,382 - -
Reference price 2 30.08 34.06 28.82 23.90 19.64 17.92 17.92 17.92
Announcement Date 26/02/20 26/02/21 30/03/22 30/03/23 29/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,501 1,496 1,813 2,117 2,425 2,824 3,248 3,496
EBITDA 1 645.5 526 606 874.2 857.5 961 1,190 1,131
EBIT 1 629.5 508.7 581.1 845.3 823.8 1,032 1,191 1,296
Operating Margin 41.95% 34% 32.05% 39.92% 33.97% 36.54% 36.65% 37.07%
Earnings before Tax (EBT) 1 630.3 504.7 581.5 838.1 861 1,019 1,170 1,282
Net income 1 544.6 438.2 511.1 730.1 744.8 884.5 1,016 1,087
Net margin 36.29% 29.29% 28.19% 34.48% 30.71% 31.31% 31.27% 31.09%
EPS 2 0.6197 0.4986 0.5815 0.8288 0.8459 1.003 1.151 1.232
Free Cash Flow 1 - 323 - 241.2 641.8 812 930 1,095
FCF margin - 21.59% - 11.39% 26.46% 28.75% 28.63% 31.32%
FCF Conversion (EBITDA) - 61.41% - 27.59% 74.85% 84.5% 78.12% 96.78%
FCF Conversion (Net income) - 73.72% - 33.03% 86.17% 91.81% 91.56% 100.76%
Dividend per Share 2 0.6154 0.6154 0.6154 0.7000 0.7000 0.8400 0.8661 1.009
Announcement Date 26/02/20 26/02/21 30/03/22 30/03/23 29/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales - - - - - - - - - - - - - -
EBITDA - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income 147.4 - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - -
EPS 1 0.1678 0.1000 0.1288 0.2000 0.2600 0.2000 0.1423 0.2500 0.2500 0.2100 0.1146 0.2800 0.2800 0.2300
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 25/08/20 30/03/22 26/04/22 16/08/22 28/10/22 30/03/23 27/04/23 23/08/23 25/10/23 29/03/24 25/04/24 - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - 708 1,082 1,455 1,420 1,364 1,459 1,582
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 323 - 241 642 812 930 1,095
ROE (net income / shareholders' equity) 23.6% 19.1% 21.3% 29.4% 28.8% 29.9% 31.6% 32.5%
ROA (Net income/ Total Assets) 19.9% 15.7% 16.7% 22.2% - 22.3% 23.2% -
Assets 1 2,740 2,784 3,056 3,284 - 3,966 4,378 -
Book Value Per Share 2 2.720 2.600 2.850 3.000 3.130 3.300 3.730 4.060
Cash Flow per Share 2 0.5700 0.4700 0.6600 0.3600 0.7700 0.9600 1.220 1.170
Capex 1 89.8 92.4 101 74.8 33.5 85.5 83.1 94.2
Capex / Sales 5.98% 6.17% 5.59% 3.53% 1.38% 3.03% 2.56% 2.7%
Announcement Date 26/02/20 26/02/21 30/03/22 30/03/23 29/03/24 - - -
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

Ratings for Hefei Meyer Optoelectronic Technology Inc.

Trading Rating
Investor Rating
ESG Refinitiv
D-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
17.92 CNY
Average target price
25.13 CNY
Spread / Average Target
+40.26%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Electrical Measuring & Testing Instruments

1st Jan change Capi.
HEFEI MEYER OPTOELECTRONIC TECHNOLOGY INC. Stock Hefei Meyer Optoelectronic Technology Inc.
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Electrical Measuring & Testing Instruments
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