Financials Sunny Optical Technology (Group) Company Limited Deutsche Boerse AG

Equities

SXC

KYG8586D1097

Electrical Components & Equipment

Real-time Estimate Tradegate 02:27:33 03/07/2024 pm IST 5-day change 1st Jan Change
5.607 EUR -0.74% Intraday chart for Sunny Optical Technology (Group) Company Limited -4.94% -31.37%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,31,852 1,56,244 2,19,894 89,606 70,264 47,040 - -
Enterprise Value (EV) 1 1,35,176 1,59,124 2,19,404 88,035 61,649 33,719 31,584 24,062
P/E ratio 33.1 x 32.1 x 44.1 x 37.2 x 64 x 24.1 x 17.9 x 14.5 x
Yield 0.6% 0.62% 0.45% 0.54% 0.31% 0.84% 1.2% 1.49%
Capitalization / Revenue 3.48 x 4.11 x 5.86 x 2.7 x 2.22 x 1.33 x 1.18 x 1.07 x
EV / Revenue 3.57 x 4.19 x 5.85 x 2.65 x 1.95 x 0.95 x 0.8 x 0.55 x
EV / EBITDA 22.9 x 23.4 x 32.2 x 19.7 x 23.1 x 8.18 x 6.15 x 4.1 x
EV / FCF 90.5 x 35.9 x 50 x 20.6 x 349 x 18.1 x 9.94 x 5.99 x
FCF Yield 1.1% 2.78% 2% 4.84% 0.29% 5.53% 10.1% 16.7%
Price to Book 10.5 x 9.44 x 10.7 x 4.12 x 3.15 x 1.95 x 1.78 x 1.61 x
Nbr of stocks (in thousands) 10,93,693 10,93,925 10,94,368 10,92,706 10,91,116 10,88,277 - -
Reference price 2 120.6 142.8 200.9 82.00 64.40 43.22 43.22 43.22
Announcement Date 16/03/20 17/03/21 22/03/22 20/03/23 20/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 37,849 38,002 37,497 33,197 31,681 35,332 39,721 44,024
EBITDA 1 5,890 6,795 6,822 4,461 2,666 4,122 5,133 5,864
EBIT 1 4,612 5,167 5,062 2,520 599 1,764 2,635 3,385
Operating Margin 12.19% 13.6% 13.5% 7.59% 1.89% 4.99% 6.63% 7.69%
Earnings before Tax (EBT) 1 4,550 5,643 5,635 2,715 1,358 2,284 3,046 3,664
Net income 1 3,991 4,872 4,988 2,408 1,099 1,980 2,666 3,261
Net margin 10.55% 12.82% 13.3% 7.25% 3.47% 5.6% 6.71% 7.41%
EPS 2 3.642 4.451 4.559 2.202 1.006 1.796 2.410 2.972
Free Cash Flow 1 1,494 4,429 4,390 4,263 176.7 1,863 3,177 4,019
FCF margin 3.95% 11.65% 11.71% 12.84% 0.56% 5.27% 8% 9.13%
FCF Conversion (EBITDA) 25.36% 65.18% 64.35% 95.58% 6.63% 45.19% 61.89% 68.53%
FCF Conversion (Net income) 37.42% 90.91% 88.01% 177.07% 16.07% 94.11% 119.16% 123.26%
Dividend per Share 2 0.7280 0.8880 0.9100 0.4390 0.2000 0.3643 0.5174 0.6436
Announcement Date 16/03/20 17/03/21 22/03/22 20/03/23 20/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1
Net sales 1 22,274 18,864 19,138 19,833 17,663 16,972 16,225 14,279 17,403 16,380 20,209 18,757 22,947 20,014
EBITDA 1 - - 3,875 3,973 2,849 2,394 2,067 1,233 1,433 1,507 2,031 - - -
EBIT 1 2,963 2,139 3,028 3,093 1,969 1,453 1,067 227.8 371.2 687.8 1,175 1,148 1,549 1,695
Operating Margin 13.3% 11.34% 15.82% 15.59% 11.15% 8.56% 6.58% 1.6% 2.13% 4.2% 5.81% 6.12% 6.75% 8.47%
Earnings before Tax (EBT) 1 2,890 2,123 3,519 3,229 2,406 1,684 1,031 591.9 766.3 982.6 1,488 1,318 1,752 -
Net income 1 2,560 1,749 3,123 2,688 2,300 1,358 1,050 436.7 662.7 805 1,204 1,166 1,547 1,587
Net margin 11.49% 9.27% 16.32% 13.55% 13.02% 8% 6.47% 3.06% 3.81% 4.91% 5.96% 6.22% 6.74% 7.93%
EPS 2 2.335 1.596 2.855 2.455 2.104 1.240 0.9612 0.3995 0.6068 0.7750 1.160 1.063 1.413 1.450
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 16/03/20 17/08/20 17/03/21 16/08/21 22/03/22 15/08/22 20/03/23 22/08/23 20/03/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,325 2,881 - - - - - -
Net Cash position 1 - - 490 1,571 8,615 13,320 15,455 22,977
Leverage (Debt/EBITDA) 0.5645 x 0.4239 x - - - - - -
Free Cash Flow 1 1,494 4,429 4,390 4,263 177 1,863 3,177 4,019
ROE (net income / shareholders' equity) 36.6% 33.4% 26.8% 11.4% 4.97% 8.5% 10.6% 11.9%
ROA (Net income/ Total Assets) 14.9% 14.7% 13.4% 5.89% 2.36% 4.08% 5.32% 5.65%
Assets 1 26,773 33,066 37,106 40,888 46,649 48,468 50,118 57,688
Book Value Per Share 2 11.40 15.10 18.80 19.90 20.40 22.20 24.20 26.90
Cash Flow per Share 2 4.250 6.540 6.380 6.750 2.440 2.100 4.280 4.870
Capex 1 3,168 2,798 2,589 3,114 2,488 2,821 2,759 2,876
Capex / Sales 8.37% 7.36% 6.9% 9.38% 7.85% 7.98% 6.95% 6.53%
Announcement Date 16/03/20 17/03/21 22/03/22 20/03/23 20/03/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
29
Last Close Price
43.22 CNY
Average target price
59.19 CNY
Spread / Average Target
+36.94%
Consensus
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