Financials Sany Heavy Equipment International Holdings Company Limited

Equities

631

KYG781631059

Mining Support Services & Equipment

Market Closed - Hong Kong S.E. 01:38:10 26/06/2024 pm IST 5-day change 1st Jan Change
4.86 HKD +0.62% Intraday chart for Sany Heavy Equipment International Holdings Company Limited -8.82% -35.63%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,803 15,260 19,378 22,404 21,888 14,341 - -
Enterprise Value (EV) 1 11,803 15,260 17,811 22,948 21,888 14,341 14,341 14,341
P/E ratio 14.6 x 16.8 x 17.6 x 13.4 x 13.2 x 6.27 x 5.12 x 4.03 x
Yield 2.89% 2.57% 1.98% 2.35% 2.42% 4.45% 5.57% -
Capitalization / Revenue 2.09 x 2.07 x 1.9 x 1.44 x 1.08 x 0.53 x 0.43 x 0.35 x
EV / Revenue 2.09 x 2.07 x 1.9 x 1.44 x 1.08 x 0.53 x 0.43 x 0.35 x
EV / EBITDA 8.4 x 9.71 x 10.7 x 9.8 x 7.96 x 3.81 x 3.35 x 2.65 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.66 x 1.95 x 2.23 x 2.23 x 1.89 x 1.07 x 0.93 x 0.75 x
Nbr of stocks (in thousands) 31,00,403 31,25,981 31,54,123 31,62,987 31,89,660 31,92,955 - -
Reference price 2 3.807 4.882 6.144 7.083 6.862 4.491 4.491 4.491
Announcement Date 30/03/20 18/03/21 29/03/22 20/03/23 27/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,656 7,364 10,195 15,537 20,278 26,999 33,149 41,143
EBITDA 1 1,405 1,572 1,807 2,286 2,751 3,765 4,277 5,415
EBIT 1 1,155 1,323 1,558 1,994 2,226 3,202 3,370 3,738
Operating Margin 20.42% 17.96% 15.28% 12.83% 10.98% 11.86% 10.17% 9.09%
Earnings before Tax (EBT) 1 1,070 1,190 1,438 1,921 2,260 2,640 3,229 4,181
Net income 1 919.7 1,045 1,259 1,665 1,929 2,289 2,768 3,350
Net margin 16.26% 14.19% 12.35% 10.72% 9.51% 8.48% 8.35% 8.14%
EPS 2 0.2600 0.2900 0.3500 0.5300 0.5200 0.7160 0.8780 1.113
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1099 0.1257 0.1219 0.1666 0.1663 0.2000 0.2500 -
Announcement Date 30/03/20 18/03/21 29/03/22 20/03/23 27/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 S2 2022 S1 2023 S1 2023 S2
Net sales 1 - 5,210 7,632 - 9,439
EBITDA - - - - -
EBIT - - - - -
Operating Margin - - - - -
Earnings before Tax (EBT) - - - - -
Net income 811.1 - 905.8 1,202 -
Net margin - - 11.87% - -
EPS 0.2200 - 0.2500 0.3300 -
Dividend per Share - - - - -
Announcement Date 23/09/21 29/03/22 31/08/22 31/08/23 27/03/24
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - 544 - - - -
Net Cash position - - 1,567 - - - - -
Leverage (Debt/EBITDA) - - - 0.2379 x - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 13.6% 14% 15.2% 17.8% 17.8% 18.8% 18.5% 20.2%
ROA (Net income/ Total Assets) 6.46% 6.33% 6.58% 7.28% 6.44% 5.59% 5.57% 6.2%
Assets 1 14,236 16,505 19,125 22,869 29,958 40,989 49,695 54,038
Book Value Per Share 2 2.300 2.510 2.760 3.170 3.630 4.190 4.830 5.980
Cash Flow per Share 0.2200 0.2900 0.2500 - - - - -
Capex 1 269 389 939 1,129 2,320 1,975 2,333 1,750
Capex / Sales 4.76% 5.29% 9.21% 7.27% 11.44% 7.32% 7.04% 4.25%
Announcement Date 30/03/20 18/03/21 29/03/22 20/03/23 27/03/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
4.491 CNY
Average target price
8.144 CNY
Spread / Average Target
+81.33%
Consensus
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