Financials Fujian Longxi Bearing (Group) Co., Ltd

Equities

600592

CNE000001C24

Industrial Machinery & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
9.99 CNY -4.68% Intraday chart for Fujian Longxi Bearing (Group) Co., Ltd -3.57% -13.21%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 3,900 2,142 6,189 4,147 4,135 2,777
Enterprise Value (EV) 1 3,584 1,855 5,594 3,605 3,517 2,057
P/E ratio 54.9 x 24.4 x 42.3 x 28.1 x 13.8 x -463 x
Yield 1.02% 1.87% 0.71% 1.09% 1.18% -
Capitalization / Revenue 4.4 x 2.09 x 6.54 x 3.58 x 2.9 x 1.62 x
EV / Revenue 4.04 x 1.81 x 5.91 x 3.11 x 2.47 x 1.2 x
EV / EBITDA 35.6 x 16.9 x 90.4 x 32.3 x 22.4 x 8.73 x
EV / FCF -21.5 x -36 x -266 x -37.4 x -7.26 x 6.78 x
FCF Yield -4.65% -2.78% -0.38% -2.68% -13.8% 14.8%
Price to Book 2.05 x 1.17 x 3.19 x 2.02 x 1.81 x 1.24 x
Nbr of stocks (in thousands) 399,554 399,554 399,554 399,554 399,554 399,554
Reference price 2 9.760 5.360 15.49 10.38 10.35 6.950
Announcement Date 4/24/18 4/25/19 4/29/20 4/8/21 4/22/22 4/26/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 886.2 1,023 946 1,159 1,427 1,719
EBITDA 1 100.8 109.8 61.91 111.7 157.2 235.6
EBIT 1 38.35 46.31 -13.75 39.2 84.52 165.9
Operating Margin 4.33% 4.53% -1.45% 3.38% 5.92% 9.65%
Earnings before Tax (EBT) 1 76.8 89.06 151.1 165.2 347.5 -38.99
Net income 1 71.02 87.75 146.4 149.6 298.2 -5.99
Net margin 8.01% 8.58% 15.47% 12.91% 20.9% -0.35%
EPS 2 0.1777 0.2196 0.3663 0.3700 0.7500 -0.0150
Free Cash Flow 1 -166.6 -51.54 -20.99 -96.45 -484.5 303.4
FCF margin -18.8% -5.04% -2.22% -8.32% -33.96% 17.65%
FCF Conversion (EBITDA) - - - - - 128.79%
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.1000 0.1000 0.1100 0.1130 0.1220 -
Announcement Date 4/24/18 4/25/19 4/29/20 4/8/21 4/22/22 4/26/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 316 287 595 542 618 720
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -167 -51.5 -21 -96.5 -484 303
ROE (net income / shareholders' equity) 3.55% 4.36% 7.14% 6.93% 13.7% -0.83%
ROA (Net income/ Total Assets) 0.88% 1.06% -0.32% 0.86% 1.65% 2.95%
Assets 1 8,041 8,295 -46,187 17,418 18,047 -202.8
Book Value Per Share 2 4.750 4.590 4.860 5.130 5.720 5.590
Cash Flow per Share 2 0.3700 0.5200 0.4600 0.7000 0.7900 1.350
Capex 1 86.8 82.8 36.3 163 131 183
Capex / Sales 9.79% 8.09% 3.84% 14.06% 9.2% 10.63%
Announcement Date 4/24/18 4/25/19 4/29/20 4/8/21 4/22/22 4/26/23
1CNY in Million2CNY
Estimates
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