HANGZHOU HIKVISION D

002415
End-of-day quote. End-of-day quote  - 11/26
47.8CNY -1.91%
Valuation
Fiscal Period: December 2020 2021
Capitalization1 453 249446 252
Entreprise Value (EV)1 427 258416 189
P/E ratio 33,6x26,9x
Yield 1,65%1,81%
Capitalization / Revenue 7,14x5,61x
EV / Revenue 6,73x5,23x
EV / EBITDA 26,6x22,5x
Price to Book 8,42x7,06x
Nbr of stocks (in thousands) 9 343 4179 335 806
Reference price (CNY) 48,547,8
Announcement Date 02/26/2021-
Previous period Next period
1 CNY in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2020 2021
Net sales1 63 50379 611
EBITDA1 16 04218 476
Operating profit (EBIT)1 15 19718 311
Operating Margin 23,9%23,0%
Pre-Tax Profit (EBT)1 15 27318 944
Net income1 13 38616 574
Net margin 21,1%20,8%
EPS2 1,441,78
Dividend per Share2 0,800,87
Announcement Date 02/26/2021-
Previous period Next period
1 CNY in Million
2 CNY
Finances - Leverage
Fiscal Period: December 2020 2021
Net Debt1 --
Net Cash position1 25 99230 063
Leverage (Debt / EBITDA) -1,62x-1,63x
Free Cash Flow1 14 08510 092
ROE (Net Profit / Equities) 27,7%27,4%
Shareholders' equity1 48 28860 485
ROA (Net Profit / Asset) 16,3%16,5%
Assets1 82 029100 220
Book Value Per Share2 5,766,77
Cash Flow per Share2 1,721,61
Capex1 1 9892 395
Capex / Sales 3,13%3,01%
Announcement Date 02/26/2021-
Previous period Next period
1 CNY in Million
2 CNY
Financial Ratios
Size 2021e 2022e
Capitalization 446 252 M CNY -
Entreprise Value (EV) 416 189 M CNY 406 204 M CNY
Valuation 2021e 2022e
P/E ratio (Price / EPS) 26,9x 22,1x
Capitalization / Revenue 5,61x 4,70x
EV / Revenue 5,23x 4,39x
EV / EBITDA 22,5x 18,2x
Yield (DPS / Price) 1,81% 2,30%
Price to book (Price / BVPS) 7,06x 5,92x
Profitability 2021e 2022e
Operating Margin (EBIT / Sales) 23,0% 23,6%
Operating Leverage (Delta EBIT / Delta Sales) 0,81x 1,15x
Net Margin (Net Profit / Revenue) 20,8% 21,3%
ROA (Net Profit / Asset) 16,5% 16,8%
ROE (Net Profit / Equities) 27,4% 27,9%
Rate of Dividend 48,7% 50,9%
Balance Sheet Analysis 2021e 2022e
CAPEX / Sales   3,01% 2,93%
Cash Flow / Sales 18,8% 18,6%
Capital Intensity (Assets / Sales) 1,26x 1,26x
Financial Leverage (Net Debt / EBITDA) - -
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend