Financials Shanghai Zhezhong Group Co.,Ltd

Equities

002346

CNE100000KY4

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 03:30:00 14/05/2024 am IST 5-day change 1st Jan Change
9.29 CNY +0.98% Intraday chart for Shanghai Zhezhong Group Co.,Ltd +0.43% -16.68%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,520 4,963 4,111 8,432 5,570 4,859
Enterprise Value (EV) 1 5,356 5,101 4,108 8,756 5,469 5,199
P/E ratio 96.2 x 53.5 x 26.6 x 18.8 x 12.4 x 16.4 x
Yield 1.6% 1.78% 2.15% 1.04% 1.56% 1.79%
Capitalization / Revenue 9.87 x 11 x 6.8 x 12.2 x 7.68 x 4.33 x
EV / Revenue 9.57 x 11.3 x 6.8 x 12.7 x 7.54 x 4.63 x
EV / EBITDA 72.5 x 82.8 x 47.5 x 246 x 62.7 x 31.5 x
EV / FCF 32.6 x -52.7 x -18.8 x -17 x -111 x -72.6 x
FCF Yield 3.07% -1.9% -5.31% -5.88% -0.9% -1.38%
Price to Book 2.71 x 2.44 x 1.97 x 3.5 x 2.06 x 1.66 x
Nbr of stocks (in thousands) 4,41,575 4,41,575 4,41,575 4,39,852 4,35,825 4,35,825
Reference price 2 12.50 11.24 9.310 19.17 12.78 11.15
Announcement Date 25/04/19 28/04/20 19/04/21 09/03/22 28/04/23 25/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 559.4 451.7 604.4 689 725.6 1,123
EBITDA 1 73.88 61.63 86.44 35.57 87.26 165.3
EBIT 1 50.19 37.72 62.71 0.9376 61.66 141.8
Operating Margin 8.97% 8.35% 10.38% 0.14% 8.5% 12.63%
Earnings before Tax (EBT) 1 54.3 138.2 166.9 491 570.5 350.6
Net income 1 58.27 94.66 155.6 447.8 450.6 297.2
Net margin 10.42% 20.96% 25.75% 65% 62.1% 26.47%
EPS 2 0.1300 0.2100 0.3500 1.020 1.030 0.6800
Free Cash Flow 1 164.4 -96.78 -218.1 -515.2 -49.24 -71.64
FCF margin 29.39% -21.43% -36.09% -74.78% -6.79% -6.38%
FCF Conversion (EBITDA) 222.52% - - - - -
FCF Conversion (Net income) 282.15% - - - - -
Dividend per Share 2 0.2000 0.2000 0.2000 0.2000 0.2000 0.2000
Announcement Date 25/04/19 28/04/20 19/04/21 09/03/22 28/04/23 25/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 137 - 324 - 340
Net Cash position 1 164 - 3.42 - 100 -
Leverage (Debt/EBITDA) - 2.23 x - 9.106 x - 2.057 x
Free Cash Flow 1 164 -96.8 -218 -515 -49.2 -71.6
ROE (net income / shareholders' equity) 2.79% 4.65% 7.57% 13% 14.2% 10.6%
ROA (Net income/ Total Assets) 1.26% 0.87% 1.39% 0.01% 0.85% 2.09%
Assets 1 4,633 10,936 11,161 34,18,504 53,013 14,207
Book Value Per Share 2 4.620 4.600 4.720 5.470 6.220 6.700
Cash Flow per Share 2 0.1000 0.3200 0.1500 0.3500 0.3500 0.3900
Capex 1 29 33.1 7.74 859 187 23.8
Capex / Sales 5.19% 7.33% 1.28% 124.65% 25.81% 2.12%
Announcement Date 25/04/19 28/04/20 19/04/21 09/03/22 28/04/23 25/04/24
1CNY in Million2CNY
Estimates
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