QC SOLAR CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 32.3 CNY | -2.68% |
|
-6.92% | -44.55% |
| 24/06 | QC Solar Corporation(XSEC:301278) dropped from S&P Global BMI Index | CI |
| 06/06 | Qc Solar Corporation Announces Final Dividend on A Shares for the Year 2023, Payable on 14 June 2024 | CI |
Valuation
| Fiscal Period: December | 2022 | 2023 |
|---|---|---|
| Capitalization 1 | 7,050 | 4,854 |
| Enterprise Value (EV) 1 | 6,513 | 4,377 |
| P/E ratio | 49.6 x | 25 x |
| Yield | 0.18% | 0.52% |
| Capitalization / Revenue | 6.41 x | 3.78 x |
| EV / Revenue | 5.92 x | 3.41 x |
| EV / EBITDA | 47.5 x | 21.6 x |
| EV / FCF | -247 x | 41.9 x |
| FCF Yield | -0.41% | 2.39% |
| Price to Book | 7.02 x | 4.06 x |
| Nbr of stocks (in thousands) | 83,200 | 83,323 |
| Reference price 2 | 84.73 | 58.25 |
| Announcement Date | 23/04/23 | 23/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Net sales 1 | 353.3 | 503.3 | 735.9 | 1,100 | 1,285 |
| EBITDA 1 | 49.99 | 77.12 | 78.85 | 137.2 | 202.4 |
| EBIT 1 | 44.07 | 71.1 | 72.05 | 127.4 | 190.8 |
| Operating Margin | 12.47% | 14.12% | 9.79% | 11.59% | 14.85% |
| Earnings before Tax (EBT) 1 | 44.93 | 71.63 | 71.49 | 135.6 | 217.4 |
| Net income 1 | 41.49 | 63.73 | 64.85 | 118.4 | 193.6 |
| Net margin | 11.74% | 12.66% | 8.81% | 10.77% | 15.07% |
| EPS 2 | 0.6615 | 1.023 | 1.038 | 1.708 | 2.330 |
| Free Cash Flow 1 | -12.38 | 9.481 | -72.03 | -26.4 | 104.6 |
| FCF margin | -3.5% | 1.88% | -9.79% | -2.4% | 8.14% |
| FCF Conversion (EBITDA) | - | 12.29% | - | - | 51.67% |
| FCF Conversion (Net income) | - | 14.88% | - | - | 54.01% |
| Dividend per Share | - | - | - | 0.1538 | 0.3000 |
| Announcement Date | 21/07/22 | 21/07/22 | 21/07/22 | 23/04/23 | 23/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - |
| Net Cash position 1 | 55 | 43.1 | 1.29 | 537 | 477 |
| Leverage (Debt/EBITDA) | - | - | - | - | - |
| Free Cash Flow 1 | -12.4 | 9.48 | -72 | -26.4 | 105 |
| ROE (net income / shareholders' equity) | 16% | 21.2% | 18.2% | 17% | 17.7% |
| ROA (Net income/ Total Assets) | 6.42% | 8.41% | 6.46% | 6.98% | 7.51% |
| Assets 1 | 646.7 | 757.4 | 1,004 | 1,695 | 2,577 |
| Book Value Per Share 2 | 4.410 | 5.190 | 6.230 | 12.10 | 14.30 |
| Cash Flow per Share 2 | 1.260 | 1.380 | 1.290 | 2.160 | 4.320 |
| Capex 1 | 6.37 | 7.99 | 24.4 | 26.6 | 69.4 |
| Capex / Sales | 1.8% | 1.59% | 3.31% | 2.42% | 5.4% |
| Announcement Date | 21/07/22 | 21/07/22 | 21/07/22 | 23/04/23 | 23/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -44.55% | 37Cr | |
| +45.07% | 2.68TCr | |
| -37.73% | 1.49TCr | |
| -20.36% | 1.43TCr | |
| -22.29% | 1.2TCr | |
| -19.53% | 981.44Cr | |
| +4.87% | 703.76Cr | |
| -31.11% | 598.92Cr | |
| -12.75% | 598.19Cr | |
| -44.74% | 518.17Cr |
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- Financials QC Solar Corporation
