LIAONING FU-AN HEAVY INDUSTRY CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.96 CNY | +1.89% |
|
+4.60% | -10.81% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,494 | 3,730 | 3,537 | 8,456 | 5,250 | 4,656 |
| Enterprise Value (EV) 1 | 2,558 | 3,720 | 3,543 | 8,665 | 5,565 | 5,065 |
| P/E ratio | 266 x | 32.7 x | 35.8 x | 113 x | 130 x | 62.1 x |
| Yield | 0.13% | 1.36% | 1.3% | - | - | - |
| Capitalization / Revenue | 7.44 x | 4.46 x | 3.99 x | 8.89 x | 4.98 x | 4.57 x |
| EV / Revenue | 7.63 x | 4.45 x | 4 x | 9.11 x | 5.28 x | 4.97 x |
| EV / EBITDA | 39.2 x | 20.2 x | 20.9 x | 55.1 x | 40.1 x | 29.2 x |
| EV / FCF | -23.4 x | 539 x | 72.4 x | -59.1 x | -153 x | -61.1 x |
| FCF Yield | -4.27% | 0.19% | 1.38% | -1.69% | -0.65% | -1.64% |
| Price to Book | 2.53 x | 2.83 x | 2.59 x | 6.05 x | 3.65 x | 2.89 x |
| Nbr of stocks (in thousands) | 2,19,951 | 3,07,026 | 3,07,026 | 3,07,026 | 3,07,026 | 3,20,426 |
| Reference price 2 | 11.34 | 12.15 | 11.52 | 27.54 | 17.10 | 14.53 |
| Announcement Date | 19/03/19 | 27/04/20 | 26/04/21 | 25/04/22 | 24/04/23 | 25/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 335.4 | 835.6 | 886.2 | 951.2 | 1,054 | 1,020 |
| EBITDA 1 | 65.18 | 184.2 | 169.6 | 157.2 | 138.7 | 173.7 |
| EBIT 1 | 10.66 | 127.4 | 118.7 | 105.1 | 82.61 | 116.6 |
| Operating Margin | 3.18% | 15.25% | 13.4% | 11.05% | 7.84% | 11.43% |
| Earnings before Tax (EBT) 1 | 8.717 | 120 | 110.5 | 81.57 | 49.49 | 76.11 |
| Net income 1 | 9.378 | 114 | 99.22 | 75 | 40.4 | 71.81 |
| Net margin | 2.8% | 13.65% | 11.2% | 7.88% | 3.83% | 7.04% |
| EPS 2 | 0.0426 | 0.3714 | 0.3219 | 0.2443 | 0.1316 | 0.2339 |
| Free Cash Flow 1 | -109.2 | 6.897 | 48.95 | -146.5 | -36.3 | -82.9 |
| FCF margin | -32.56% | 0.83% | 5.52% | -15.4% | -3.44% | -8.13% |
| FCF Conversion (EBITDA) | - | 3.75% | 28.86% | - | - | - |
| FCF Conversion (Net income) | - | 6.05% | 49.33% | - | - | - |
| Dividend per Share 2 | 0.0150 | 0.1650 | 0.1500 | - | - | - |
| Announcement Date | 19/03/19 | 27/04/20 | 26/04/21 | 25/04/22 | 24/04/23 | 25/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 63.4 | - | 5.61 | 209 | 315 | 410 |
| Net Cash position 1 | - | 10.8 | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.9724 x | - | 0.0331 x | 1.33 x | 2.268 x | 2.358 x |
| Free Cash Flow 1 | -109 | 6.9 | 48.9 | -147 | -36.3 | -82.9 |
| ROE (net income / shareholders' equity) | 0.88% | 8.96% | 7.37% | 5.25% | 2.86% | 4.85% |
| ROA (Net income/ Total Assets) | 0.48% | 4.31% | 3.62% | 2.81% | 1.94% | 2.6% |
| Assets 1 | 1,949 | 2,647 | 2,740 | 2,669 | 2,086 | 2,762 |
| Book Value Per Share 2 | 4.490 | 4.300 | 4.460 | 4.550 | 4.680 | 5.030 |
| Cash Flow per Share 2 | 0.6900 | 0.9000 | 0.8100 | 0.8000 | 0.9500 | 0.5400 |
| Capex 1 | 35.9 | 12.7 | 13.1 | 103 | 55.4 | 162 |
| Capex / Sales | 10.7% | 1.53% | 1.48% | 10.81% | 5.26% | 15.86% |
| Announcement Date | 19/03/19 | 27/04/20 | 26/04/21 | 25/04/22 | 24/04/23 | 25/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -10.81% | 566M | |
| -2.66% | 25.64B | |
| +15.68% | 20.99B | |
| -7.78% | 12.1B | |
| +23.52% | 11.24B | |
| +13.53% | 11.12B | |
| +11.64% | 10.21B | |
| -4.78% | 7.91B | |
| +22.50% | 7.12B | |
| +0.11% | 6.96B |
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