Financials Zhejiang HangKe Technology Incorporated Company

Equities

688006

CNE100003MW8

Electrical Components & Equipment

End-of-day quote Shanghai S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
21.1 CNY -2.31% Intraday chart for Zhejiang HangKe Technology Incorporated Company -0.89% -10.14%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,932 33,295 43,364 17,733 14,174 12,737 - -
Enterprise Value (EV) 1 15,932 33,295 41,426 15,532 10,928 9,418 8,901 12,737
P/E ratio 51.6 x 90.3 x 185 x 36.2 x 16.7 x 11.5 x 9.17 x -
Yield - - 0.21% 0.8% 1.45% 2.51% 3.14% -
Capitalization / Revenue 12.1 x 22.3 x 17.5 x 5.13 x 3.53 x 2.43 x 1.94 x 1.58 x
EV / Revenue 12.1 x 22.3 x 16.7 x 4.5 x 2.72 x 1.8 x 1.36 x 1.58 x
EV / EBITDA - 72.5 x 122 x 24.9 x 10.8 x 6.92 x 5.16 x 5.95 x
EV / FCF - - - 55.8 x -55.8 x 9.78 x 6.41 x -
FCF Yield - - - 1.79% -1.79% 10.2% 15.6% -
Price to Book - 13 x 15.4 x 5.3 x 2.76 x 2.23 x 1.85 x 1.41 x
Nbr of stocks (in thousands) 5,61,400 5,61,400 5,64,326 5,67,186 6,03,672 6,03,672 - -
Reference price 2 28.38 59.31 76.84 31.26 23.48 21.10 21.10 21.10
Announcement Date 27/02/20 25/02/21 27/02/22 27/02/23 28/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,313 1,493 2,483 3,454 4,012 5,232 6,550 8,067
EBITDA 1 - 459.5 338.5 624.7 1,009 1,362 1,723 2,140
EBIT 1 - 425.5 253.6 550.8 982.9 1,291 1,595 2,196
Operating Margin - 28.5% 10.21% 15.95% 24.5% 24.67% 24.36% 27.22%
Earnings before Tax (EBT) 1 - 425.3 257 543.9 986.5 1,218 1,558 2,200
Net income 1 291.2 371.9 235.1 490.6 842.4 1,121 1,391 1,954
Net margin 22.18% 24.91% 9.47% 14.2% 20.99% 21.42% 21.24% 24.22%
EPS 2 0.5500 0.6571 0.4143 0.8643 1.410 1.838 2.302 -
Free Cash Flow 1 - - - 278.5 -195.9 963 1,389 -
FCF margin - - - 8.06% -4.88% 18.41% 21.21% -
FCF Conversion (EBITDA) - - - 44.58% - 70.72% 80.59% -
FCF Conversion (Net income) - - - 56.76% - 85.94% 99.86% -
Dividend per Share 2 - - 0.1643 0.2500 0.3400 0.5298 0.6617 -
Announcement Date 27/02/20 25/02/21 27/02/22 27/02/23 28/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3
Net sales 1 721.6 796.8 1,158 813.1 685.8 950.5 1,170 1,188 703.9 883.9 1,404 1,425
EBITDA - - - - - - - - - - - -
EBIT 1 -9.515 103.8 165.9 153.4 124.4 236.8 215.6 262.2 180.1 187.2 337.1 299.3
Operating Margin -1.32% 13.03% 14.32% 18.86% 18.14% 24.92% 18.42% 22.08% 25.58% 21.18% 24% 21%
Earnings before Tax (EBT) - - - - - - - - - - - -
Net income - - - - - - - - - - - -
Net margin - - - - - - - - - - - -
EPS 2 - - - - - 0.3643 0.4357 0.3900 0.2200 0.2900 0.4500 0.3900
Dividend per Share - - - - - - - - - - - -
Announcement Date 27/02/22 29/04/22 29/08/22 27/10/22 27/02/23 26/04/23 30/08/23 30/10/23 28/02/24 25/04/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - 1,938 2,201 3,247 3,320 3,836 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - 278 -196 963 1,389 -
ROE (net income / shareholders' equity) 19.6% 15.6% 8.8% 15.9% 18.3% 20.6% 22.5% 21.7%
ROA (Net income/ Total Assets) - - 5.28% 7.15% 9.22% 9.63% 10.9% -
Assets 1 - - 4,457 6,866 9,137 11,643 12,800 -
Book Value Per Share 2 - 4.570 5.010 5.900 8.520 9.480 11.40 15.00
Cash Flow per Share 2 - 0.5200 0.8500 1.230 0.3600 2.070 0.7800 5.520
Capex 1 - - 314 417 411 313 379 525
Capex / Sales - - 12.64% 12.08% 10.24% 5.98% 5.79% 6.5%
Announcement Date 27/02/20 25/02/21 27/02/22 27/02/23 28/02/24 - - -
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
7
Last Close Price
21.1 CNY
Average target price
27.71 CNY
Spread / Average Target
+31.33%
Consensus
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