Financials Zhejiang Sunoren Solar Technology Co.,Ltd.

Equities

603105

CNE1000036D8

Electric Utilities

End-of-day quote Shanghai S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
9.06 CNY -0.88% Intraday chart for Zhejiang Sunoren Solar Technology Co.,Ltd. +2.26% -21.76%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 8,310 7,365 5,790 4,530 - -
Enterprise Value (EV) 1 8,310 7,365 5,790 4,530 4,530 4,530
P/E ratio 75.5 x 38.8 x 26.3 x 17.1 x 13.3 x 11.2 x
Yield - 0.81% 1.3% 1.93% 2.5% 2.98%
Capitalization / Revenue - 11.3 x 8.44 x 5.66 x 4.63 x 3.96 x
EV / Revenue - 11.3 x 8.44 x 5.66 x 4.63 x 3.96 x
EV / EBITDA - 19.6 x 11.8 x 7.98 x 6.41 x -
EV / FCF - 54.3 x -34.4 x -83.9 x 55.2 x -58.1 x
FCF Yield - 1.84% -2.91% -1.19% 1.81% -1.72%
Price to Book - 4.17 x 2.8 x 2.02 x 1.83 x 1.64 x
Nbr of stocks (in thousands) 5,00,000 5,00,000 5,00,000 5,00,000 - -
Reference price 2 16.62 14.73 11.58 9.060 9.060 9.060
Announcement Date 25/04/22 15/03/23 29/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 - 649.9 686.2 800.7 978.5 1,145
EBITDA 1 - 375.2 492 568 706.5 -
EBIT 1 - 214 244.2 293.3 379.2 449.5
Operating Margin - 32.92% 35.59% 36.64% 38.76% 39.26%
Earnings before Tax (EBT) 1 - 215.1 244.4 293.3 379.5 449.5
Net income 1 110 191.5 220.2 264.3 340.2 404.5
Net margin - 29.47% 32.08% 33.01% 34.77% 35.33%
EPS 2 0.2200 0.3800 0.4400 0.5300 0.6800 0.8100
Free Cash Flow 1 - 135.6 -168.5 -54 82 -78
FCF margin - 20.86% -24.56% -6.74% 8.38% -6.81%
FCF Conversion (EBITDA) - 36.14% - - 11.61% -
FCF Conversion (Net income) - 70.79% - - 24.1% -
Dividend per Share 2 - 0.1200 0.1500 0.1750 0.2267 0.2700
Announcement Date 25/04/22 15/03/23 29/03/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - 136 -169 -54 82 -78
ROE (net income / shareholders' equity) - 11.4% 11.8% 11.9% 13.9% 14.7%
ROA (Net income/ Total Assets) - - 5.6% 5.5% 7.13% -
Assets 1 - - 3,931 4,806 4,775 -
Book Value Per Share 2 - 3.530 4.140 4.480 4.940 5.520
Cash Flow per Share 2 - 1.150 0.7200 1.270 1.370 1.570
Capex 1 - 437 528 575 583 832
Capex / Sales - 67.29% 76.88% 71.86% 59.58% 72.66%
Announcement Date 25/04/22 15/03/23 29/03/24 - - -
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
4
Last Close Price
9.06 CNY
Average target price
11.66 CNY
Spread / Average Target
+28.67%
Consensus

Annual profits - Rate of surprise

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