ZHEJIANG MEILUN ELEVATOR CO., LTD. Financials Zhejiang Meilun Elevator Co., Ltd.
Equities
603321
CNE100002VR1
Heavy Electrical Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.84 CNY | +1.82% |
|
+2.08% | -8.20% |
| 26/04 | Zhejiang Meilun Elevator Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 25/04 | Zhejiang Meilun Elevator's Chief Financial Officer Resigns | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,174 | 2,530 | 2,502 | 2,186 | 2,106 | 2,622 |
| Enterprise Value (EV) 1 | 1,421 | 1,859 | 2,118 | 1,843 | 1,528 | 1,797 |
| P/E ratio | 44.3 x | 63.4 x | 49 x | 50.9 x | 45.7 x | 32 x |
| Yield | 0.71% | 0.61% | 0.61% | 2.11% | 1.46% | - |
| Capitalization / Revenue | 2.95 x | 3.43 x | 3.45 x | 2.06 x | 2.07 x | 2.74 x |
| EV / Revenue | 1.93 x | 2.52 x | 2.92 x | 1.74 x | 1.5 x | 1.88 x |
| EV / EBITDA | 31 x | 34.8 x | 44.9 x | 26 x | 32 x | 20.8 x |
| EV / FCF | -40.1 x | -4,016 x | -51.7 x | -95.2 x | 11 x | 21.6 x |
| FCF Yield | -2.49% | -0.02% | -1.94% | -1.05% | 9.05% | 4.62% |
| Price to Book | 2.12 x | 2.39 x | 2.28 x | 1.96 x | 1.85 x | 2.2 x |
| Nbr of stocks (in thousands) | 3,07,000 | 3,07,000 | 3,07,000 | 3,07,000 | 3,07,000 | 3,07,000 |
| Reference price 2 | 7.080 | 8.240 | 8.150 | 7.120 | 6.860 | 8.540 |
| Announcement Date | 23/04/19 | 23/04/20 | 28/04/21 | 29/04/22 | 26/04/23 | 19/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 737.6 | 737 | 725.7 | 1,060 | 1,016 | 955.3 |
| EBITDA 1 | 45.8 | 53.47 | 47.19 | 71.02 | 47.72 | 86.37 |
| EBIT 1 | 21.02 | 27.16 | 16.95 | 36.38 | 11.4 | 48.66 |
| Operating Margin | 2.85% | 3.69% | 2.34% | 3.43% | 1.12% | 5.09% |
| Earnings before Tax (EBT) 1 | 56.65 | 46.64 | 57.34 | 48.48 | 51.84 | 93.05 |
| Net income 1 | 50.14 | 39.59 | 51.09 | 43.91 | 46.61 | 81.85 |
| Net margin | 6.8% | 5.37% | 7.04% | 4.14% | 4.59% | 8.57% |
| EPS 2 | 0.1600 | 0.1300 | 0.1664 | 0.1400 | 0.1500 | 0.2666 |
| Free Cash Flow 1 | -35.42 | -0.4629 | -40.99 | -19.36 | 138.3 | 82.99 |
| FCF margin | -4.8% | -0.06% | -5.65% | -1.83% | 13.61% | 8.69% |
| FCF Conversion (EBITDA) | - | - | - | - | 289.81% | 96.09% |
| FCF Conversion (Net income) | - | - | - | - | 296.73% | 101.4% |
| Dividend per Share 2 | 0.0500 | 0.0500 | 0.0500 | 0.1500 | 0.1000 | - |
| Announcement Date | 23/04/19 | 23/04/20 | 28/04/21 | 29/04/22 | 26/04/23 | 19/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 752 | 671 | 384 | 343 | 578 | 825 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | -35.4 | -0.46 | -41 | -19.4 | 138 | 83 |
| ROE (net income / shareholders' equity) | 4.94% | 3.8% | 4.68% | 3.95% | 4.05% | 7.05% |
| ROA (Net income/ Total Assets) | 0.86% | 1.08% | 0.62% | 1.23% | 0.36% | 1.49% |
| Assets 1 | 5,805 | 3,672 | 8,179 | 3,579 | 12,795 | 5,498 |
| Book Value Per Share 2 | 3.340 | 3.450 | 3.580 | 3.640 | 3.720 | 3.890 |
| Cash Flow per Share 2 | 0.6400 | 0.4600 | 0.6400 | 0.4500 | 2.010 | 2.820 |
| Capex 1 | 67.3 | 100 | 91.6 | 33.9 | 23 | 76.7 |
| Capex / Sales | 9.13% | 13.6% | 12.62% | 3.2% | 2.26% | 8.03% |
| Announcement Date | 23/04/19 | 23/04/20 | 28/04/21 | 29/04/22 | 26/04/23 | 19/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -8.20% | 33Cr | |
| +8.49% | 3.92TCr | |
| +16.54% | 2.79TCr | |
| +9.21% | 2.76TCr | |
| +12.18% | 740.49Cr | |
| +10.86% | 267.32Cr | |
| +12.61% | 208.57Cr | |
| +14.60% | 195.85Cr | |
| +19.29% | 178.81Cr | |
| +79.32% | 156.71Cr |
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