SHANDONG LIANCHENG PRECISION MANUFACTURING CO., LTD Financials Shandong Liancheng Precision Manufacturing Co., Ltd
Equities
002921
CNE1000033D5
Auto, Truck & Motorcycle Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.72 CNY | -2.74% |
|
+0.34% | -28.41% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,067 | 1,469 | 1,593 | 1,812 | 1,677 | 2,073 |
| Enterprise Value (EV) 1 | 2,191 | 1,524 | 1,765 | 2,198 | 2,128 | 2,654 |
| P/E ratio | 46.1 x | 31.7 x | 21.7 x | 24.1 x | 65.4 x | 409 x |
| Yield | 0.58% | 1.63% | 2.05% | 2.05% | 2.68% | - |
| Capitalization / Revenue | 3.11 x | 1.96 x | 1.75 x | 1.5 x | 1.36 x | 1.88 x |
| EV / Revenue | 3.29 x | 2.04 x | 1.93 x | 1.82 x | 1.73 x | 2.4 x |
| EV / EBITDA | 22.5 x | 13.1 x | 9.96 x | 11.3 x | 13.9 x | 17.1 x |
| EV / FCF | -52.9 x | 10.5 x | -14.6 x | -37.2 x | -9.16 x | 30.5 x |
| FCF Yield | -1.89% | 9.5% | -6.85% | -2.69% | -10.9% | 3.28% |
| Price to Book | 3.08 x | 2.09 x | 1.87 x | 2.02 x | 1.36 x | 1.45 x |
| Nbr of stocks (in thousands) | 1,04,000 | 1,04,000 | 1,06,080 | 1,06,081 | 1,28,215 | 1,26,606 |
| Reference price 2 | 19.88 | 14.12 | 15.02 | 17.08 | 13.08 | 16.37 |
| Announcement Date | 28/03/19 | 27/03/20 | 19/03/21 | 25/04/22 | 17/04/23 | 19/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 665.4 | 747.8 | 912.5 | 1,211 | 1,230 | 1,104 |
| EBITDA 1 | 97.22 | 115.9 | 177.1 | 194.8 | 153 | 155.6 |
| EBIT 1 | 45.87 | 57.27 | 112.1 | 116.1 | 62.48 | 52.84 |
| Operating Margin | 6.89% | 7.66% | 12.29% | 9.59% | 5.08% | 4.79% |
| Earnings before Tax (EBT) 1 | 52.16 | 52.72 | 88.29 | 91.97 | 50.21 | 11.61 |
| Net income 1 | 44.96 | 46.3 | 71.93 | 74.2 | 25.78 | 4.873 |
| Net margin | 6.76% | 6.19% | 7.88% | 6.13% | 2.1% | 0.44% |
| EPS 2 | 0.4308 | 0.4462 | 0.6923 | 0.7100 | 0.2000 | 0.0400 |
| Free Cash Flow 1 | -41.42 | 144.8 | -120.8 | -59.14 | -232.4 | 86.98 |
| FCF margin | -6.22% | 19.36% | -13.24% | -4.89% | -18.9% | 7.88% |
| FCF Conversion (EBITDA) | - | 124.93% | - | - | - | 55.89% |
| FCF Conversion (Net income) | - | 312.79% | - | - | - | 1,784.95% |
| Dividend per Share 2 | 0.1154 | 0.2308 | 0.3077 | 0.3500 | 0.3500 | - |
| Announcement Date | 28/03/19 | 27/03/20 | 19/03/21 | 25/04/22 | 17/04/23 | 19/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 124 | 55.2 | 172 | 387 | 451 | 581 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.278 x | 0.4766 x | 0.9704 x | 1.984 x | 2.949 x | 3.735 x |
| Free Cash Flow 1 | -41.4 | 145 | -121 | -59.1 | -232 | 87 |
| ROE (net income / shareholders' equity) | 6.72% | 6.64% | 9.22% | 8.01% | 3.52% | 0.47% |
| ROA (Net income/ Total Assets) | 2.42% | 2.88% | 5.05% | 4.33% | 1.9% | 1.45% |
| Assets 1 | 1,862 | 1,605 | 1,423 | 1,712 | 1,353 | 335 |
| Book Value Per Share 2 | 6.460 | 6.750 | 8.030 | 8.460 | 9.640 | 11.30 |
| Cash Flow per Share 2 | 1.090 | 1.660 | 2.280 | 1.720 | 1.930 | 2.060 |
| Capex 1 | 108 | 62.3 | 65 | 149 | 148 | 107 |
| Capex / Sales | 16.28% | 8.33% | 7.12% | 12.32% | 12% | 9.7% |
| Announcement Date | 28/03/19 | 27/03/20 | 19/03/21 | 25/04/22 | 17/04/23 | 19/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -28.41% | 211M | |
| +22.24% | 49.07B | |
| -6.67% | 22.77B | |
| +29.45% | 20.79B | |
| +35.73% | 17.66B | |
| -4.22% | 15.01B | |
| -18.66% | 13.32B | |
| -20.70% | 13.06B | |
| +34.67% | 12.1B | |
| +36.99% | 10.57B |
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