HANGZHOU CABLE CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.38 CNY | +1.89% |
|
+6.32% | -15.94% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,586 | 3,801 | 3,904 | 4,996 | 3,635 | 4,423 |
| Enterprise Value (EV) 1 | 5,484 | 5,405 | 5,661 | 8,384 | 7,368 | 8,129 |
| P/E ratio | 34.8 x | 32.4 x | 33.2 x | 51.6 x | 25 x | 32 x |
| Yield | 0.96% | 1.82% | 1.06% | 0.69% | 0.95% | 0.94% |
| Capitalization / Revenue | 0.82 x | 0.79 x | 0.67 x | 0.67 x | 0.45 x | 0.6 x |
| EV / Revenue | 1.25 x | 1.13 x | 0.97 x | 1.13 x | 0.91 x | 1.1 x |
| EV / EBITDA | 19 x | 16.1 x | 17.5 x | 19.1 x | 14.3 x | 18.1 x |
| EV / FCF | -3.85 x | -15 x | -25.4 x | -6.92 x | -27.4 x | 81.2 x |
| FCF Yield | -26% | -6.69% | -3.93% | -14.4% | -3.65% | 1.23% |
| Price to Book | 1.61 x | 1.44 x | 1.43 x | 1.85 x | 1.3 x | 1.53 x |
| Nbr of stocks (in thousands) | 686,879 | 691,025 | 691,038 | 691,045 | 691,056 | 691,063 |
| Reference price 2 | 5.220 | 5.500 | 5.650 | 7.230 | 5.260 | 6.400 |
| Announcement Date | 4/25/19 | 4/23/20 | 4/21/21 | 4/26/22 | 4/25/23 | 4/16/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 4,377 | 4,781 | 5,814 | 7,443 | 8,141 | 7,366 |
| EBITDA 1 | 288.1 | 335 | 323.6 | 439.9 | 513.6 | 449.5 |
| EBIT 1 | 211.2 | 259.8 | 246.6 | 328.8 | 385 | 305.1 |
| Operating Margin | 4.83% | 5.43% | 4.24% | 4.42% | 4.73% | 4.14% |
| Earnings before Tax (EBT) 1 | 127.8 | 158.5 | 140.9 | 122.2 | 159.5 | 161.2 |
| Net income 1 | 100.7 | 116.3 | 118 | 99.51 | 142.8 | 135.5 |
| Net margin | 2.3% | 2.43% | 2.03% | 1.34% | 1.75% | 1.84% |
| EPS 2 | 0.1500 | 0.1700 | 0.1700 | 0.1400 | 0.2100 | 0.2000 |
| Free Cash Flow 1 | -1,425 | -361.6 | -222.8 | -1,211 | -268.8 | 100.1 |
| FCF margin | -32.55% | -7.56% | -3.83% | -16.27% | -3.3% | 1.36% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 22.27% |
| FCF Conversion (Net income) | - | - | - | - | - | 73.85% |
| Dividend per Share 2 | 0.0500 | 0.1000 | 0.0600 | 0.0500 | 0.0500 | 0.0600 |
| Announcement Date | 4/25/19 | 4/23/20 | 4/21/21 | 4/26/22 | 4/25/23 | 4/16/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,899 | 1,605 | 1,757 | 3,388 | 3,733 | 3,706 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.591 x | 4.791 x | 5.428 x | 7.701 x | 7.269 x | 8.246 x |
| Free Cash Flow 1 | -1,425 | -362 | -223 | -1,211 | -269 | 100 |
| ROE (net income / shareholders' equity) | 5.16% | 6.05% | 4.51% | 3.84% | 5.39% | 4.79% |
| ROA (Net income/ Total Assets) | 2.51% | 2.64% | 2.19% | 2.48% | 2.65% | 1.98% |
| Assets 1 | 4,009 | 4,410 | 5,385 | 4,009 | 5,382 | 6,848 |
| Book Value Per Share 2 | 3.230 | 3.820 | 3.960 | 3.900 | 4.040 | 4.190 |
| Cash Flow per Share 2 | 0.8300 | 1.080 | 1.470 | 1.400 | 1.340 | 1.760 |
| Capex 1 | 606 | 302 | 184 | 163 | 281 | 431 |
| Capex / Sales | 13.83% | 6.31% | 3.16% | 2.2% | 3.45% | 5.85% |
| Announcement Date | 4/25/19 | 4/23/20 | 4/21/21 | 4/26/22 | 4/25/23 | 4/16/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -15.94% | 515M | |
| +36.02% | 16.45B | |
| +31.51% | 4.43B | |
| -7.50% | 4.44B | |
| +8.73% | 4.42B | |
| +20.64% | 4.24B | |
| +3.46% | 3.82B | |
| +55.58% | 2.91B | |
| +1.94% | 2.3B | |
| +44.84% | 1.98B |
- Stock Market
- Equities
- 603618 Stock
- Financials Hangzhou Cable Co., Ltd.
