Financials Shandong Zhangqiu Blower Co., Ltd

Equities

002598

CNE1000015D2

Industrial Machinery & Equipment

End-of-day quote Shenzhen S.E. 03:30:00 30/05/2024 am IST 5-day change 1st Jan Change
8.12 CNY +0.25% Intraday chart for Shandong Zhangqiu Blower Co., Ltd -1.93% -21.92%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,115 1,941 1,934 3,332 3,494 3,245
Enterprise Value (EV) 1 2,061 1,900 1,934 3,477 3,745 3,487
P/E ratio 25.2 x 25.8 x 23.7 x 31.8 x 31.7 x 30.5 x
Yield 2.95% 3.05% - 0.94% 0.89% 0.96%
Capitalization / Revenue 2.24 x 1.8 x 1.71 x 1.96 x 1.86 x 1.62 x
EV / Revenue 2.19 x 1.76 x 1.71 x 2.05 x 2 x 1.74 x
EV / EBITDA 20.1 x 20.4 x 18.2 x 25.5 x 24.3 x 21.7 x
EV / FCF -45.1 x 13.4 x -80.4 x -26.8 x 38.2 x -32.7 x
FCF Yield -2.22% 7.47% -1.24% -3.73% 2.62% -3.06%
Price to Book 2.52 x 2.27 x 2.2 x 3.39 x 3.27 x 2.64 x
Nbr of stocks (in thousands) 3,12,000 3,12,000 3,12,000 3,12,000 3,12,000 3,12,000
Reference price 2 6.780 6.220 6.200 10.68 11.20 10.40
Announcement Date 28/03/19 27/04/20 01/04/21 30/03/22 07/04/23 23/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 943 1,079 1,129 1,696 1,875 2,005
EBITDA 1 102.5 93.14 106 136.2 154.1 160.3
EBIT 1 82.18 73.4 84.73 109.4 127.5 130.9
Operating Margin 8.71% 6.8% 7.51% 6.45% 6.8% 6.53%
Earnings before Tax (EBT) 1 93.6 80.94 92.59 114.5 126.9 131.2
Net income 1 84.02 75.15 81.57 104.9 110.2 106.6
Net margin 8.91% 6.97% 7.23% 6.19% 5.88% 5.32%
EPS 2 0.2693 0.2409 0.2614 0.3362 0.3531 0.3415
Free Cash Flow 1 -45.68 142 -24.07 -129.8 98.08 -106.7
FCF margin -4.84% 13.17% -2.13% -7.65% 5.23% -5.32%
FCF Conversion (EBITDA) - 152.5% - - 63.66% -
FCF Conversion (Net income) - 189.01% - - 89.02% -
Dividend per Share 2 0.2000 0.1900 - 0.1000 0.1000 0.1000
Announcement Date 28/03/19 27/04/20 01/04/21 30/03/22 07/04/23 23/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 145 250 242
Net Cash position 1 54.3 40.4 0.15 - - -
Leverage (Debt/EBITDA) - - - 1.063 x 1.624 x 1.512 x
Free Cash Flow 1 -45.7 142 -24.1 -130 98.1 -107
ROE (net income / shareholders' equity) 10.3% 8.67% 9.19% 11.2% 10.8% 9.58%
ROA (Net income/ Total Assets) 4.13% 3.32% 3.55% 3.52% 3.3% 3.03%
Assets 1 2,036 2,260 2,299 2,984 3,339 3,514
Book Value Per Share 2 2.690 2.740 2.810 3.150 3.420 3.930
Cash Flow per Share 2 0.1500 0.1200 0.2200 0.2900 0.4800 1.130
Capex 1 26.8 18.8 28.1 17.3 39.1 73.8
Capex / Sales 2.84% 1.74% 2.49% 1.02% 2.08% 3.68%
Announcement Date 28/03/19 27/04/20 01/04/21 30/03/22 07/04/23 23/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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