Financials OPT Machine Vision Tech Co., Ltd.

Equities

688686

CNE100005XZ3

Household Electronics

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 14/05/2024 am IST			5-day change	1st Jan Change
71.27 ^CNY	+3.19%		-5.85%	-36.37%

23/02	OPT Machine Vision Tech Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Certain A Shares of OPT Machine Vision Tech Co., Ltd. are subject to a Lock-Up Agreement Ending on 31-DEC-2023.	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	17,881	23,272	16,112	13,690	8,712	-	-
Enterprise Value (EV) ¹	16,259	22,680	15,562	13,038	8,067	7,931	8,031
P/E ratio	-	76.8 x	49.6 x	65.7 x	33.5 x	25.4 x	21.6 x
Yield	0.46%	0.41%	0.64%	0.47%	0.97%	1.29%	1.46%
Capitalization / Revenue	27.8 x	26.6 x	14.1 x	14.2 x	7.99 x	6.7 x	5.73 x
EV / Revenue	25.3 x	25.9 x	13.6 x	13.5 x	7.4 x	6.1 x	5.28 x
EV / EBITDA	56.8 x	66.2 x	42.8 x	60.4 x	26.9 x	20 x	17.1 x
EV / FCF	-	575 x	-88 x	166 x	34 x	44.1 x	32.3 x
FCF Yield	-	0.17%	-1.14%	0.6%	2.94%	2.27%	3.1%
Price to Book	-	9.25 x	5.8 x	4.73 x	2.82 x	2.58 x	2.37 x
Nbr of stocks (in thousands)	1,22,064	1,22,064	1,22,064	1,22,235	1,22,235	-	-
Reference price ²	146.5	190.7	132.0	112.0	71.27	71.27	71.27
Announcement Date	24/02/21	22/02/22	23/02/23	23/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	642.4	875.1	1,141	965.5	1,090	1,300	1,521
EBITDA ¹	286.1	342.6	363.4	215.9	299.4	396.2	469.7
EBIT ¹	280.9	337.2	357.1	219.2	260.6	350.8	420.8
Operating Margin	43.72%	38.53%	31.3%	22.7%	23.9%	26.98%	27.67%
Earnings before Tax (EBT) ¹	-	337.2	357	218.6	279.9	370.1	435.6
Net income ¹	-	302.9	324.9	208.3	259.9	342.4	404.2
Net margin	-	34.61%	28.47%	21.57%	23.84%	26.33%	26.58%
EPS ²	-	2.481	2.661	1.705	2.125	2.801	3.305
Free Cash Flow ¹	-	39.44	-176.9	78.49	237	180	249
FCF margin	-	4.51%	-15.51%	8.13%	21.73%	13.84%	16.37%
FCF Conversion (EBITDA)	-	11.51%	-	36.36%	79.16%	45.43%	53.01%
FCF Conversion (Net income)	-	13.02%	-	37.69%	91.17%	52.57%	61.61%
Dividend per Share ²	0.6757	0.7770	0.8500	0.5300	0.6933	0.9221	1.039
Announcement Date	24/02/21	22/02/22	23/02/23	23/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 S1	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	231.5	218.4	382.5	-	309.3	230.7	250.6	368.6	226.7	119.6	226.7	405.5	306.1	152.4	-	-
EBITDA	124.8	62.53	132.1	-	87.14	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	93.34	69.74	146.7	-	92.79	47.84	70.8	121.5	28.02	-1.121	60.44	109.2	61.68	15.04	-	-
Operating Margin	40.32%	31.93%	38.35%	-	30%	20.74%	28.25%	32.96%	12.36%	-0.94%	26.66%	26.92%	20.15%	9.87%	-	-
Earnings before Tax (EBT)	-	-	146.7	-	92.82	47.84	70.4	121.3	27.97	-1.098	-	-	-	-	-	-
Net income	-	-	132.3	195.5	84.25	45.14	65.61	108	31.14	3.465	-	-	-	-	-	-
Net margin	-	-	34.58%	-	27.24%	19.56%	26.18%	29.31%	13.73%	2.9%	-	-	-	-	-	-
EPS	0.6960	0.5178	1.084	-	0.6902	0.3700	-	0.8849	0.2600	0.0280	-	-	-	-	-	-
Dividend per Share ²	0.7770	-	-	-	-	0.8500	-	-	-	-	-	-	-	1.012	-	-
Announcement Date	22/02/22	25/04/22	22/08/22	22/08/22	24/10/22	23/02/23	24/04/23	28/08/23	30/10/23	23/02/24	29/04/24	-	-	-	-	-

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	1,622	592	551	652	645	780	681
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	39.4	-177	78.5	237	180	249
ROE (net income / shareholders' equity)	-	12.7%	13%	7.05%	8.41%	10.3%	11.4%
ROA (Net income/ Total Assets)	-	-	12.1%	-	7.54%	9.03%	11%
Assets ¹	-	-	2,691	-	3,449	3,792	3,682
Book Value Per Share ²	-	20.60	22.80	23.70	25.30	27.70	30.10
Cash Flow per Share ²	-	1.420	0.3700	1.650	0.9100	2.680	0.1300
Capex ¹	-	134	222	123	77.3	58.8	57
Capex / Sales	-	15.3%	19.45%	12.75%	7.09%	4.52%	3.75%
Announcement Date	24/02/21	22/02/22	23/02/23	23/02/24	-	-	-

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

Ratings for OPT Machine Vision Tech Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

71.27 CNY

Average target price

88.83 CNY

Spread / Average Target

+24.64%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Photographic Equipment