BOHAI AUTOMOTIVE SYSTEMS CO., LTD. Financials Bohai Automotive Systems CO., LTD.
Equities
600960
CNE000001H60
Auto, Truck & Motorcycle Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.27 CNY | +1.55% |
|
+3.81% | -19.26% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,346 | 3,032 | 4,410 | 3,793 | 3,241 | 3,850 |
| Enterprise Value (EV) 1 | 3,891 | 3,566 | 4,711 | 4,326 | 3,921 | 4,791 |
| P/E ratio | 24 x | 41.9 x | 63 x | -42.1 x | -52.1 x | -19.4 x |
| Yield | 0.43% | 0.31% | 0.22% | - | - | - |
| Capitalization / Revenue | 0.86 x | 0.62 x | 0.94 x | 0.86 x | 0.79 x | 0.82 x |
| EV / Revenue | 1 x | 0.73 x | 1.01 x | 0.98 x | 0.96 x | 1.03 x |
| EV / EBITDA | 10.6 x | 7.72 x | 13.5 x | 15.8 x | 16.6 x | 20.4 x |
| EV / FCF | -7.18 x | 19.1 x | -14.3 x | 172 x | 40.9 x | 26.1 x |
| FCF Yield | -13.9% | 5.23% | -6.99% | 0.58% | 2.45% | 3.83% |
| Price to Book | 0.69 x | 0.64 x | 0.88 x | 0.75 x | 0.71 x | 0.86 x |
| Nbr of stocks (in thousands) | 950,516 | 950,516 | 950,516 | 950,516 | 950,516 | 950,516 |
| Reference price 2 | 3.520 | 3.190 | 4.640 | 3.990 | 3.410 | 4.050 |
| Announcement Date | 4/30/19 | 4/29/20 | 4/29/21 | 4/22/22 | 4/26/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,878 | 4,918 | 4,686 | 4,415 | 4,102 | 4,670 |
| EBITDA 1 | 368.5 | 461.7 | 349.3 | 274.5 | 235.9 | 235.4 |
| EBIT 1 | 125 | 148 | 20.36 | -55.52 | -81.33 | -81.38 |
| Operating Margin | 3.22% | 3.01% | 0.43% | -1.26% | -1.98% | -1.74% |
| Earnings before Tax (EBT) 1 | 161.1 | 104.4 | 37.13 | -97.24 | -54.22 | -190.2 |
| Net income 1 | 139.3 | 72.38 | 69.99 | -90.11 | -62.26 | -198.8 |
| Net margin | 3.59% | 1.47% | 1.49% | -2.04% | -1.52% | -4.26% |
| EPS 2 | 0.1466 | 0.0761 | 0.0736 | -0.0948 | -0.0655 | -0.2092 |
| Free Cash Flow 1 | -541.8 | 186.6 | -329.1 | 25.21 | 95.94 | 183.6 |
| FCF margin | -13.97% | 3.79% | -7.02% | 0.57% | 2.34% | 3.93% |
| FCF Conversion (EBITDA) | - | 40.41% | - | 9.18% | 40.67% | 77.99% |
| FCF Conversion (Net income) | - | 257.77% | - | - | - | - |
| Dividend per Share 2 | 0.0150 | 0.0100 | 0.0100 | - | - | - |
| Announcement Date | 4/30/19 | 4/29/20 | 4/29/21 | 4/22/22 | 4/26/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 545 | 534 | 301 | 534 | 679 | 942 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.48 x | 1.156 x | 0.8603 x | 1.944 x | 2.88 x | 4.001 x |
| Free Cash Flow 1 | -542 | 187 | -329 | 25.2 | 95.9 | 184 |
| ROE (net income / shareholders' equity) | 2.5% | 1.42% | 0.41% | -1.66% | -1.39% | -4.22% |
| ROA (Net income/ Total Assets) | 0.96% | 1.01% | 0.14% | -0.4% | -0.65% | -0.68% |
| Assets 1 | 14,496 | 7,189 | 49,779 | 22,651 | 9,577 | 29,279 |
| Book Value Per Share 2 | 5.080 | 4.970 | 5.270 | 5.290 | 4.810 | 4.700 |
| Cash Flow per Share 2 | 2.140 | 1.940 | 2.320 | 1.090 | 1.030 | 0.8600 |
| Capex 1 | 339 | 284 | 401 | 180 | 152 | 175 |
| Capex / Sales | 8.75% | 5.78% | 8.55% | 4.08% | 3.7% | 3.75% |
| Announcement Date | 4/30/19 | 4/29/20 | 4/29/21 | 4/22/22 | 4/26/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -19.26% | 429M | |
| +21.53% | 39.82B | |
| +64.98% | 10.77B | |
| +62.04% | 5.05B | |
| -14.64% | 2.85B | |
| +6.98% | 2.77B | |
| +33.25% | 2.61B | |
| +1.65% | 2.22B | |
| +89.14% | 1.98B | |
| -6.47% | 1.33B |
- Stock Market
- Equities
- 600960 Stock
- Financials Bohai Automotive Systems CO., LTD.
