ZHEJIANG CADY INDUSTRY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.92 CNY | -0.71% |
|
+0.87% | -30.64% |
| 25/04 | Zhejiang Cady Industry Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2023 |
|---|---|
| Capitalization 1 | 2,328 |
| Enterprise Value (EV) 1 | 1,731 |
| P/E ratio | 21 x |
| Yield | 1.49% |
| Capitalization / Revenue | 3.28 x |
| EV / Revenue | 2.44 x |
| EV / EBITDA | 13.2 x |
| EV / FCF | 4,71,15,231 x |
| FCF Yield | 0% |
| Price to Book | 1.81 x |
| Nbr of stocks (in thousands) | 1,16,000 |
| Reference price 2 | 20.07 |
| Announcement Date | 25/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 912.8 | 865.2 | 624.4 | 830.3 | 735.7 | 709.4 |
| EBITDA 1 | 109.8 | 114.9 | 136 | 192.2 | 158.1 | 131 |
| EBIT 1 | 80.19 | 84.66 | 102.9 | 154.4 | 111.8 | 82.59 |
| Operating Margin | 8.78% | 9.79% | 16.47% | 18.6% | 15.19% | 11.64% |
| Earnings before Tax (EBT) 1 | 91.03 | 88.08 | 106.9 | 151.9 | 124.4 | 118.9 |
| Net income 1 | 79.87 | 75.89 | 93.48 | 131 | 109.8 | 103.9 |
| Net margin | 8.75% | 8.77% | 14.97% | 15.78% | 14.93% | 14.65% |
| EPS | - | 0.9300 | 1.070 | 1.506 | 1.260 | 0.9557 |
| Free Cash Flow | - | -45.45 | -150.2 | -39.73 | 72.21 | 36.74 |
| FCF margin | - | -5.25% | -24.06% | -4.79% | 9.82% | 5.18% |
| FCF Conversion (EBITDA) | - | - | - | - | 45.66% | 28.04% |
| FCF Conversion (Net income) | - | - | - | - | 65.75% | 35.35% |
| Dividend per Share | - | - | - | - | 0.3000 | 0.3000 |
| Announcement Date | 02/11/21 | 02/11/21 | 02/11/21 | 05/02/23 | 26/04/23 | 25/04/24 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 10.7 | - | 78.7 | 79.7 | - | - |
| Net Cash position 1 | - | 27.3 | - | - | 47.5 | 597 |
| Leverage (Debt/EBITDA) | 0.0974 x | - | 0.5787 x | 0.4146 x | - | - |
| Free Cash Flow | - | -45.4 | -150 | -39.7 | 72.2 | 36.7 |
| ROE (net income / shareholders' equity) | - | 23.2% | 21.5% | 23.9% | 16.4% | 10.3% |
| ROA (Net income/ Total Assets) | - | 8.59% | 8.63% | 10.5% | 6.92% | 3.99% |
| Assets 1 | - | 883.1 | 1,083 | 1,253 | 1,586 | 2,604 |
| Book Value Per Share | - | 4.750 | 5.540 | 7.060 | 8.300 | 11.10 |
| Cash Flow per Share | - | 1.110 | 1.060 | 1.030 | 1.680 | 5.250 |
| Capex 1 | 38.8 | 122 | 133 | 131 | 36.8 | 130 |
| Capex / Sales | 4.25% | 14.05% | 21.36% | 15.84% | 5.01% | 18.27% |
| Announcement Date | 02/11/21 | 02/11/21 | 02/11/21 | 05/02/23 | 26/04/23 | 25/04/24 |
1CNY in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -30.64% | 224M | |
| +14.16% | 5.23B | |
| -1.92% | 4.98B | |
| -29.08% | 2.64B | |
| +10.78% | 2.34B | |
| +0.47% | 1.51B | |
| -8.30% | 1.39B | |
| -16.97% | 898M | |
| -15.58% | 862M | |
| -5.86% | 595M |
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- Financials Zhejiang Cady Industry Co., Ltd.
