Financials Suzhou Hengmingda Electronic Technology Co., Ltd.

Equities

002947

CNE100003JK9

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
32.91 CNY -2.81% Intraday chart for Suzhou Hengmingda Electronic Technology Co., Ltd. +11.94% +2.27%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 7,869 5,229 6,497 4,528 7,377
Enterprise Value (EV) 1 7,018 4,296 5,625 3,746 6,614
P/E ratio 46.6 x 48 x 199 x 23.5 x 26.2 x
Yield 0.93% 0.73% 0.54% 1.52% 1.55%
Capitalization / Revenue 13.5 x 8.12 x 5.75 x 2.93 x 4.06 x
EV / Revenue 12 x 6.67 x 4.98 x 2.42 x 3.64 x
EV / EBITDA 37.6 x 37 x 103 x 18.2 x 19.8 x
EV / FCF 78.5 x 23.2 x -15.6 x -71 x -95.2 x
FCF Yield 1.27% 4.31% -6.43% -1.41% -1.05%
Price to Book 6.47 x 4.12 x 3.8 x 2.49 x 3.52 x
Nbr of stocks (in thousands) 2,05,355 2,14,038 2,28,903 2,29,244 2,29,244
Reference price 2 38.32 24.43 28.38 19.75 32.18
Announcement Date 22/04/20 30/03/21 21/02/22 15/03/23 01/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 500.7 584.9 643.6 1,130 1,548 1,818
EBITDA 1 152.3 186.7 116.1 54.53 205.7 334.9
EBIT 1 139.9 172.9 98.86 30 173.8 296.2
Operating Margin 27.95% 29.55% 15.36% 2.65% 11.23% 16.29%
Earnings before Tax (EBT) 1 144.7 192.9 121.6 43.34 229.7 319.9
Net income 1 126 165.8 105 31.26 193 281.4
Net margin 25.17% 28.35% 16.32% 2.77% 12.47% 15.48%
EPS 2 0.8182 0.8225 0.5089 0.1423 0.8400 1.230
Free Cash Flow 1 19.05 89.36 185 -361.5 -52.78 -69.45
FCF margin 3.8% 15.28% 28.75% -31.98% -3.41% -3.82%
FCF Conversion (EBITDA) 12.51% 47.85% 159.34% - - -
FCF Conversion (Net income) 15.12% 53.89% 176.15% - - -
Dividend per Share 2 0.1183 0.3550 0.1775 0.1538 0.3000 0.5000
Announcement Date 19/03/19 22/04/20 30/03/21 21/02/22 15/03/23 01/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 195 851 933 873 782 763
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 19 89.4 185 -361 -52.8 -69.5
ROE (net income / shareholders' equity) 25.9% 18.8% 8.42% 1.99% 10.7% 14.2%
ROA (Net income/ Total Assets) 14.9% 10.8% 4.1% 0.97% 4.64% 6.99%
Assets 1 847.7 1,538 2,564 3,214 4,163 4,023
Book Value Per Share 2 3.560 5.920 5.920 7.470 7.930 9.130
Cash Flow per Share 2 1.270 1.780 1.530 1.680 1.330 3.070
Capex 1 58.4 28.8 71.5 181 112 216
Capex / Sales 11.67% 4.92% 11.11% 16.02% 7.25% 11.9%
Announcement Date 19/03/19 22/04/20 30/03/21 21/02/22 15/03/23 01/04/24
1CNY in Million2CNY
Estimates
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