Financials Gongniu Group Co.,Ltd.

Equities

603195

CNE100003RL0

Electrical Components & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
119.5 CNY +1.18% Intraday chart for Gongniu Group Co.,Ltd. +2.58% +24.95%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 123,300 100,578 86,110 85,276 106,548 - -
Enterprise Value (EV) 1 123,300 100,578 82,353 81,527 101,538 100,302 98,888
P/E ratio 52.8 x 35.7 x 27 x 21.9 x 23.5 x 20.8 x 18.1 x
Yield 0.97% 1.43% 2.3% 3.24% 2.7% 3.15% 3.4%
Capitalization / Revenue 12.3 x 8.1 x 6.12 x 5.43 x 5.93 x 5.23 x 4.61 x
EV / Revenue 12.3 x 8.1 x 5.85 x 5.19 x 5.65 x 4.92 x 4.28 x
EV / EBITDA 40.6 x 25.9 x 20.3 x 16.3 x 18.3 x 15.8 x 13.7 x
EV / FCF 40.8 x 39.3 x 40.3 x 19.5 x 28.2 x 22.1 x 15.4 x
FCF Yield 2.45% 2.55% 2.48% 5.12% 3.55% 4.52% 6.48%
Price to Book 13.5 x 9.35 x 6.95 x 5.9 x 6.54 x 5.86 x 5.13 x
Nbr of stocks (in thousands) 888,908 889,747 889,595 891,541 891,541 - -
Reference price 2 138.7 113.0 96.80 95.65 119.5 119.5 119.5
Announcement Date 4/28/21 3/11/22 4/9/23 4/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 10,040 10,051 12,422 14,081 15,695 17,968 20,387 23,122
EBITDA 1 2,965 3,037 3,881 4,065 4,997 5,543 6,340 7,220
EBIT 1 2,769 2,803 3,676 3,814 4,727 5,286 6,041 6,969
Operating Margin 27.58% 27.88% 29.59% 27.09% 30.12% 29.42% 29.63% 30.14%
Earnings before Tax (EBT) 1 2,695 2,755 3,352 3,754 4,536 5,326 6,023 6,936
Net income 1 2,304 2,313 2,813 3,189 3,870 4,522 5,118 5,891
Net margin 22.94% 23.02% 22.65% 22.64% 24.66% 25.17% 25.1% 25.48%
EPS 2 2.595 2.628 3.169 3.581 4.360 5.078 5.744 6.613
Free Cash Flow 1 - 3,021 2,561 2,043 4,175 3,603 4,531 6,407
FCF margin - 30.05% 20.62% 14.51% 26.6% 20.05% 22.23% 27.71%
FCF Conversion (EBITDA) - 99.47% 66% 50.25% 83.55% 65% 71.46% 88.74%
FCF Conversion (Net income) - 130.57% 91.05% 64.06% 107.87% 79.68% 88.54% 108.77%
Dividend per Share 2 - 1.351 1.622 2.230 3.100 3.233 3.768 4.059
Announcement Date 4/26/20 4/28/21 3/11/22 4/9/23 4/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 4,109 5,820 3,410 - 3,760 6,838 3,636 3,607 3,334 4,258 4,014 4,088 3,803 4,722 4,625 4,772 - -
EBITDA 1 - - - - - - - - - - - - - 1,415 1,415 1,464 - -
EBIT 1 - - - - 1,037 - 1,007 999.4 879.8 1,300 1,253 1,294 1,117 1,286 1,286 1,335 - -
Operating Margin - - - - 27.58% - 27.69% 27.71% 26.39% 30.53% 31.22% 31.66% 29.37% 27.23% 27.8% 27.98% - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - - - - -
Net income 1 803.7 1,421 606.7 641.4 866.4 1,508 853.6 - - 1,086 991.3 1,057 929.3 1,178 1,178 1,224 - -
Net margin 19.56% 24.42% 17.79% - 23.04% 22.05% 23.48% - - 25.5% 24.69% 25.85% 24.44% 24.95% 25.48% 25.64% - -
EPS 2 - - - 0.7230 0.9730 - 0.9595 0.9257 - 0.8300 1.120 1.190 1.050 1.284 1.301 1.504 1.140 1.440
Dividend per Share 2 - - - - - - - - - - - - - - - 3.558 - -
Announcement Date 8/17/20 8/17/22 3/11/22 4/26/22 8/17/22 8/17/22 10/27/22 4/9/23 4/27/23 8/17/23 10/26/23 4/25/24 4/25/24 - - - - -
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 - - - 3,758 3,748 5,010 6,246 7,660
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 3,021 2,561 2,043 4,175 3,603 4,531 6,407
ROE (net income / shareholders' equity) 52.4% 26.9% 28.3% 27.9% 29.2% 28.6% 29% 29.7%
ROA (Net income/ Total Assets) 36.6% 23.3% 18.9% - - 21.2% 21.6% 22.8%
Assets 1 6,290 9,927 14,913 - - 21,330 23,692 25,836
Book Value Per Share 2 6.950 10.30 12.10 13.90 16.20 18.30 20.40 23.30
Cash Flow per Share 2 2.880 3.870 3.390 3.440 5.410 2.910 5.900 6.160
Capex 1 449 417 453 1,015 653 557 511 574
Capex / Sales 4.47% 4.15% 3.65% 7.21% 4.16% 3.1% 2.5% 2.48%
Announcement Date 4/26/20 4/28/21 3/11/22 4/9/23 4/25/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
119.5 CNY
Average target price
133.6 CNY
Spread / Average Target
+11.79%
Consensus
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  4. Financials Gongniu Group Co.,Ltd.