Financials Shenzhen Megmeet Electrical Co., LTD

Equities

End-of-day quote Shenzhen S.E. Other stock markets 03:30:00 30/04/2024 am IST			5-day change	1st Jan Change
21.81 ^CNY	+0.09%		+7.54%	-11.34%

30/04	Shenzhen Megmeet Electrical Co., Ltd Proposes the Profit Distribution for 2023	CI
29/04	Shenzhen Megmeet Electrical Co., LTD Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	9,727	17,095	15,932	12,837	12,247	10,865	-
Enterprise Value (EV) ¹	9,727	17,095	15,641	13,771	13,296	12,335	12,234
P/E ratio	26.7 x	40.4 x	41.2 x	27.6 x	20.6 x	12.2 x	9.61 x
Yield	0.77%	0.5%	0.5%	0.19%	0.89%	0.85%	1.51%
Capitalization / Revenue	2.73 x	5.06 x	3.83 x	2.34 x	1.81 x	1.24 x	1.03 x
EV / Revenue	2.73 x	5.06 x	3.76 x	2.51 x	1.97 x	1.41 x	1.16 x
EV / EBITDA	22 x	34.2 x	29.8 x	22 x	16.8 x	11.2 x	8.44 x
EV / FCF	-	-	-44 x	-35.1 x	-160 x	561 x	51.8 x
FCF Yield	-	-	-2.27%	-2.85%	-0.63%	0.18%	1.93%
Price to Book	5.05 x	5.57 x	5.05 x	3.69 x	2.92 x	2.12 x	1.76 x
Nbr of stocks (in thousands)	4,69,458	5,01,908	4,97,569	4,94,480	4,97,840	4,98,161	-
Reference price ²	20.72	34.06	32.02	25.96	24.60	21.81	21.81
Announcement Date	28/02/20	26/02/21	21/04/22	28/04/23	29/04/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	3,560	3,376	4,156	5,478	6,754	8,738	10,530
EBITDA ¹	442.9	499.4	524.8	627.1	792.4	1,098	1,449
EBIT ¹	386.5	432.1	438.8	506.1	632.7	984.3	1,260
Operating Margin	10.86%	12.8%	10.56%	9.24%	9.37%	11.26%	11.97%
Earnings before Tax (EBT) ¹	386.5	431.2	437.3	505.3	636.9	959	1,223
Net income ¹	361.1	403	388.8	472.7	629.3	890.5	1,136
Net margin	10.14%	11.93%	9.36%	8.63%	9.32%	10.19%	10.79%
EPS ²	0.7747	0.8438	0.7775	0.9397	1.192	1.783	2.270
Free Cash Flow ¹	-	-	-355.1	-392.3	-83.35	22	236
FCF margin	-	-	-8.54%	-7.16%	-1.23%	0.25%	2.24%
FCF Conversion (EBITDA)	-	-	-	-	-	2%	16.29%
FCF Conversion (Net income)	-	-	-	-	-	2.47%	20.77%
Dividend per Share ²	0.1600	0.1700	0.1600	0.0500	0.2180	0.1850	0.3300
Announcement Date	28/02/20	26/02/21	21/04/22	28/04/23	29/04/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	934	1,049	1,470	1,369
Net Cash position ¹	-	-	292	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	1.49 x	1.324 x	1.339 x	0.9448 x
Free Cash Flow ¹	-	-	-355	-392	-83.4	22	236
ROE (net income / shareholders' equity)	20%	17.9%	12.4%	14.1%	15.5%	18%	18.5%
ROA (Net income/ Total Assets)	10.1%	8.81%	3.42%	6.45%	-	8.2%	8%
Assets ¹	3,564	4,577	11,370	7,333	-	10,860	14,200
Book Value Per Share ²	4.100	6.120	6.340	7.040	8.420	10.30	12.40
Cash Flow per Share ²	1.310	0.9200	-0.2300	-0.0400	0.6200	1.570	-
Capex ¹	218	213	242	372	393	460	670
Capex / Sales	6.14%	6.31%	5.81%	6.78%	5.82%	5.26%	6.36%
Announcement Date	28/02/20	26/02/21	21/04/22	28/04/23	29/04/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

21.81 CNY

Average target price

36.77 CNY

Spread / Average Target

+68.58%

	1st Jan change	Capi.
SHENZHEN MEGMEET ELECTRICAL CO., LTD	-11.34%	1.5B
AMPHENOL CORPORATION	+20.31%	72.53B
HON HAI PRECISION INDUSTRY CO., LTD.	+49.28%	66.31B
MURATA MANUFACTURING CO., LTD	-6.30%	34.84B
LUXSHARE PRECISION INDUSTRY CO., LTD.	-15.24%	28.96B
JABIL INC.	-10.22%	14.15B
AVIC JONHON OPTRONIC TECHNOLOGY CO.,LTD.	-11.85%	10.07B
LENS TECHNOLOGY CO., LTD.	+8.41%	9.77B
SUZHOU TFC OPTICAL COMMUNICATION CO., LTD.	+76.30%	8.8B
EOPTOLINK TECHNOLOGY INC., LTD.	+75.39%	8.48B