SMS ELECTRIC CO.,LTD.ZHENGZHOU Financials SMS Electric Co.,Ltd.Zhengzhou
Equities
002857
CNE100002JP0
Electrical Components & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.44 CNY | -2.64% |
|
-10.06% | -30.67% |
| 10/05 | SMS Electric Co.,Ltd.Zhengzhou Approves Cash Dividend for 2023 | CI |
| 19/04 | SMS Electric Zhengzhou to Apply for 500 Million Yuan Credit for 2024 | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,505 | 1,556 | 1,478 | 2,180 | 1,820 | 2,112 |
| Enterprise Value (EV) 1 | 1,267 | 1,302 | 1,192 | 1,881 | 1,484 | 1,760 |
| P/E ratio | 40.6 x | 48.6 x | 64.2 x | 114 x | 142 x | 330 x |
| Yield | 0.34% | 0.82% | - | - | - | 0.22% |
| Capitalization / Revenue | 6.5 x | 5.84 x | 6.98 x | 9.93 x | 9.32 x | 6.48 x |
| EV / Revenue | 5.48 x | 4.89 x | 5.63 x | 8.57 x | 7.6 x | 5.4 x |
| EV / EBITDA | 35.7 x | 47.2 x | 92.1 x | 108 x | 198 x | 2,756 x |
| EV / FCF | -183 x | 10.6 x | 40.5 x | 336 x | 57.3 x | 51.1 x |
| FCF Yield | -0.55% | 9.42% | 2.47% | 0.3% | 1.74% | 1.96% |
| Price to Book | 3.29 x | 3.21 x | 3.18 x | 4.24 x | 3.45 x | 3.93 x |
| Nbr of stocks (in thousands) | 1,28,000 | 1,28,000 | 1,28,000 | 1,28,000 | 1,28,000 | 1,28,000 |
| Reference price 2 | 11.76 | 12.16 | 11.55 | 17.03 | 14.22 | 16.50 |
| Announcement Date | 29/04/19 | 21/04/20 | 28/04/22 | 28/04/22 | 28/04/23 | 18/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 231.4 | 266.4 | 211.7 | 219.5 | 195.2 | 326.2 |
| EBITDA 1 | 35.47 | 27.6 | 12.94 | 17.41 | 7.481 | 0.6388 |
| EBIT 1 | 33.16 | 25.23 | 10.19 | 14.97 | 2.742 | -7.673 |
| Operating Margin | 14.33% | 9.47% | 4.81% | 6.82% | 1.4% | -2.35% |
| Earnings before Tax (EBT) 1 | 42.7 | 36.22 | 26.35 | 21.98 | 12.34 | 1.762 |
| Net income 1 | 36.77 | 31.86 | 23.42 | 19.5 | 12.94 | 5.911 |
| Net margin | 15.89% | 11.96% | 11.06% | 8.89% | 6.63% | 1.81% |
| EPS 2 | 0.2900 | 0.2500 | 0.1800 | 0.1500 | 0.1000 | 0.0500 |
| Free Cash Flow 1 | -6.925 | 122.7 | 29.46 | 5.593 | 25.87 | 34.42 |
| FCF margin | -2.99% | 46.04% | 13.91% | 2.55% | 13.25% | 10.55% |
| FCF Conversion (EBITDA) | - | 444.49% | 227.63% | 32.12% | 345.84% | 5,388.16% |
| FCF Conversion (Net income) | - | 384.98% | 125.76% | 28.67% | 199.88% | 582.29% |
| Dividend per Share 2 | 0.0400 | 0.1000 | - | - | - | 0.0360 |
| Announcement Date | 29/04/19 | 21/04/20 | 28/04/22 | 28/04/22 | 28/04/23 | 18/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 238 | 255 | 287 | 299 | 337 | 352 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | -6.93 | 123 | 29.5 | 5.59 | 25.9 | 34.4 |
| ROE (net income / shareholders' equity) | 8.33% | 6.77% | 4.78% | 3.87% | 2.49% | 0.24% |
| ROA (Net income/ Total Assets) | 3.53% | 2.55% | 1.02% | 1.47% | 0.27% | -0.67% |
| Assets 1 | 1,042 | 1,249 | 2,296 | 1,324 | 4,870 | -880.4 |
| Book Value Per Share 2 | 3.570 | 3.780 | 3.630 | 4.020 | 4.120 | 4.200 |
| Cash Flow per Share 2 | 0.9500 | 1.300 | 1.500 | 1.940 | 1.930 | 2.650 |
| Capex 1 | 27.4 | 32.5 | 25.7 | 12.6 | 11.8 | 12.2 |
| Capex / Sales | 11.83% | 12.19% | 12.13% | 5.76% | 6.06% | 3.75% |
| Announcement Date | 29/04/19 | 21/04/20 | 28/04/22 | 28/04/22 | 28/04/23 | 18/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -30.67% | 204M | |
| +65.71% | 6.62B | |
| +33.80% | 3.71B | |
| -7.75% | 3.27B | |
| -14.05% | 2.05B | |
| +7.04% | 1.93B | |
| -26.65% | 1.92B | |
| -13.67% | 963M | |
| +87.24% | 935M | |
| -16.57% | 804M |
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