Financials Huazhong In-Vehicle Holdings Company Limited

Equities

6830

KYG4657L1041

Auto, Truck & Motorcycle Parts

Market Closed - Hong Kong S.E. 01:39:02 04/07/2024 pm IST 5-day change 1st Jan Change
2.26 HKD -0.44% Intraday chart for Huazhong In-Vehicle Holdings Company Limited -0.44% -3.42%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,035 1,708 893.4 4,498 3,875 3,763
Enterprise Value (EV) 1 2,724 2,369 1,521 5,156 4,367 4,262
P/E ratio 14.7 x 20.3 x 8.31 x 88.9 x 35.8 x 97.6 x
Yield 0.68% 0.49% 1.2% 0.17% 0.34% 0.12%
Capitalization / Revenue 1.03 x 0.79 x 0.45 x 2.37 x 2.01 x 2.03 x
EV / Revenue 1.38 x 1.09 x 0.76 x 2.72 x 2.27 x 2.3 x
EV / EBITDA 11.6 x 12 x 7.33 x 39.5 x 24.1 x 29 x
EV / FCF -26 x -233 x -64 x -197 x -29.9 x 75.2 x
FCF Yield -3.84% -0.43% -1.56% -0.51% -3.34% 1.33%
Price to Book 2.16 x 1.65 x 0.78 x 3.82 x 3.03 x 2.71 x
Nbr of stocks (in thousands) 17,69,194 17,69,194 17,69,194 17,69,194 17,69,194 17,69,194
Reference price 2 1.150 0.9652 0.5050 2.542 2.190 2.127
Announcement Date 18/04/19 27/04/20 28/04/21 29/04/22 28/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,979 2,174 2,005 1,895 1,925 1,851
EBITDA 1 235.3 197 207.5 130.5 180.9 146.8
EBIT 1 154.2 106.4 101.3 21.64 47.72 31.87
Operating Margin 7.79% 4.9% 5.06% 1.14% 2.48% 1.72%
Earnings before Tax (EBT) 1 177.3 111.8 134.5 103.2 143.3 57.08
Net income 1 138.7 84.09 107.6 50.67 108.3 38.55
Net margin 7.01% 3.87% 5.37% 2.67% 5.63% 2.08%
EPS 2 0.0784 0.0475 0.0608 0.0286 0.0612 0.0218
Free Cash Flow 1 -104.6 -10.18 -23.76 -26.13 -145.9 56.69
FCF margin -5.28% -0.47% -1.19% -1.38% -7.58% 3.06%
FCF Conversion (EBITDA) - - - - - 38.61%
FCF Conversion (Net income) - - - - - 147.05%
Dividend per Share 2 0.007840 0.004750 0.006080 0.004296 0.007346 0.002464
Announcement Date 18/04/19 27/04/20 28/04/21 29/04/22 28/04/23 26/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 689 661 627 658 492 499
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.927 x 3.357 x 3.022 x 5.042 x 2.718 x 3.4 x
Free Cash Flow 1 -105 -10.2 -23.8 -26.1 -146 56.7
ROE (net income / shareholders' equity) 15.4% 8.52% 9.78% 6.2% 8.82% 3.25%
ROA (Net income/ Total Assets) 3.42% 2.1% 1.93% 0.41% 0.91% 0.6%
Assets 1 4,060 4,012 5,564 12,281 11,906 6,441
Book Value Per Share 2 0.5300 0.5900 0.6500 0.6700 0.7200 0.7800
Cash Flow per Share 2 0.0400 0.1100 0.0500 0.0300 0.0600 0.0600
Capex 1 196 240 209 160 53.8 176
Capex / Sales 9.88% 11.05% 10.45% 8.47% 2.8% 9.53%
Announcement Date 18/04/19 27/04/20 28/04/21 29/04/22 28/04/23 26/04/24
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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