Financials Sunwoda Electronic Co.,Ltd

Equities

300207

CNE100001260

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 03:30:00 02/07/2024 am IST 5-day change 1st Jan Change
14.15 CNY -1.46% Intraday chart for Sunwoda Electronic Co.,Ltd -4.52% -4.13%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 29,883 47,850 71,760 39,034 27,237 26,112 - -
Enterprise Value (EV) 1 32,693 53,766 74,468 35,104 26,828 34,056 30,154 29,822
P/E ratio 39.8 x 59.1 x 74 x 34.1 x 25.4 x 16.7 x 14.2 x 11.4 x
Yield 0.36% 0.23% 0.17% 0.38% 0.81% 0.88% 1.08% 1.45%
Capitalization / Revenue 1.18 x 1.61 x 1.92 x 0.75 x 0.57 x 0.46 x 0.38 x 0.32 x
EV / Revenue 1.3 x 1.81 x 1.99 x 0.67 x 0.56 x 0.6 x 0.44 x 0.37 x
EV / EBITDA 23.9 x 32.7 x 36.4 x 18.4 x 12.1 x 9.83 x 6.19 x 5.28 x
EV / FCF - - -36.8 x -4.13 x -12.4 x 23.5 x 12.4 x 8.13 x
FCF Yield - - -2.71% -24.2% -8.05% 4.26% 8.05% 12.3%
Price to Book 5.24 x 7.17 x 5.56 x 1.96 x 1.19 x 1.09 x 1.03 x 0.95 x
Nbr of stocks (in thousands) 15,30,885 15,58,116 17,02,094 18,45,559 18,45,354 18,45,354 - -
Reference price 2 19.52 30.71 42.16 21.15 14.76 14.15 14.15 14.15
Announcement Date 28/02/20 15/03/21 12/04/22 26/04/23 10/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 25,241 29,692 37,359 52,162 47,862 56,991 67,949 80,868
EBITDA 1 1,365 1,642 2,044 1,912 2,214 3,466 4,872 5,653
EBIT 1 809.2 977.3 987.4 420.3 169.1 1,024 1,783 2,802
Operating Margin 3.21% 3.29% 2.64% 0.81% 0.35% 1.8% 2.62% 3.46%
Earnings before Tax (EBT) 1 814.2 967.3 1,018 439.5 168.3 1,238 1,733 2,800
Net income 1 751 802 915.7 1,064 1,076 1,575 1,853 2,302
Net margin 2.98% 2.7% 2.45% 2.04% 2.25% 2.76% 2.73% 2.85%
EPS 2 0.4900 0.5200 0.5700 0.6200 0.5800 0.8457 0.9961 1.238
Free Cash Flow 1 - - -2,022 -8,502 -2,161 1,451 2,428 3,667
FCF margin - - -5.41% -16.3% -4.51% 2.55% 3.57% 4.53%
FCF Conversion (EBITDA) - - - - - 41.87% 49.83% 64.86%
FCF Conversion (Net income) - - - - - 92.1% 131.01% 159.29%
Dividend per Share 2 0.0700 0.0700 0.0700 0.0800 0.1200 0.1248 0.1522 0.2045
Announcement Date 28/02/20 15/03/21 12/04/22 26/04/23 10/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S2 2022 Q1 2022 Q2 2022 S1 2022 S2 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 18,183 - - - 30,444 - 12,083 13,543 10,975 13,695 15,306 17,728 - -
EBITDA 1 - - - - - - - - - 774 902.9 1,108 - -
EBIT 887.4 - - - 87.33 - 175.8 -47.78 43.44 - - - - -
Operating Margin 4.88% - - - 0.29% - 1.45% -0.35% 0.4% - - - - -
Earnings before Tax (EBT) 1 888.6 - - - 102.4 - 173.3 -48.19 53.57 248.2 323.3 513.5 - -
Net income 1 796.1 94.92 277.1 372 691.7 603.2 365.2 272.5 318.7 338.2 353.4 540.1 - -
Net margin 4.38% - - - 2.27% - 3.02% 2.01% 2.9% 2.47% 2.31% 3.05% - -
EPS 2 0.5200 0.0500 - - 0.4000 - 0.1900 0.1500 0.1700 0.1804 0.1886 0.2882 - -
Dividend per Share 2 - - - - - - - - - - - 0.1241 - -
Announcement Date 15/03/21 26/04/22 25/08/22 25/08/22 26/04/23 28/08/23 26/10/23 10/04/24 25/04/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,810 5,916 2,708 - - 7,945 4,042 3,710
Net Cash position 1 - - - 3,930 410 - - -
Leverage (Debt/EBITDA) 2.058 x 3.603 x 1.325 x - - 2.292 x 0.8297 x 0.6563 x
Free Cash Flow 1 - - -2,022 -8,502 -2,161 1,451 2,428 3,667
ROE (net income / shareholders' equity) 13.4% 12.7% 11.1% 6.96% 4.93% 6.71% 6.96% 7.96%
ROA (Net income/ Total Assets) - 2.96% 3.1% 1.82% 1.4% 1.74% 1.94% 2.32%
Assets 1 - 27,130 29,560 58,562 76,882 90,543 95,626 99,226
Book Value Per Share 2 3.730 4.280 7.580 10.80 12.40 13.00 13.70 15.00
Cash Flow per Share 2 0.4800 0.1600 0.9500 0.3000 1.940 1.700 2.850 4.430
Capex 1 3,079 3,347 3,656 9,061 5,779 4,151 3,155 2,429
Capex / Sales 12.2% 11.27% 9.79% 17.37% 12.07% 7.28% 4.64% 3%
Announcement Date 28/02/20 15/03/21 12/04/22 26/04/23 10/04/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
14.15 CNY
Average target price
19.25 CNY
Spread / Average Target
+36.04%
Consensus
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