HWATSING TECHNOLOGY CO., LTD. Financials Hwatsing Technology Co., Ltd.
Equities
688120
CNE100005QL7
Semiconductor Equipment & Testing
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 173.1 CNY | -1.19% |
|
-4.56% | -7.77% |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 23,952 | 29,832 | 27,515 | - | - |
| Enterprise Value (EV) 1 | 23,952 | 29,832 | 27,515 | 27,515 | 27,515 |
| P/E ratio | 42.8 x | 41 x | 28.3 x | 20.4 x | 16.8 x |
| Yield | 0.22% | 0.29% | 0.4% | 0.5% | 0.65% |
| Capitalization / Revenue | 14.5 x | 11.9 x | 7.99 x | 5.93 x | 4.82 x |
| EV / Revenue | 14.5 x | 11.9 x | 7.99 x | 5.93 x | 4.82 x |
| EV / EBITDA | 39.4 x | 34.7 x | 24.7 x | 18.4 x | 14.6 x |
| EV / FCF | - | - | - | - | - |
| FCF Yield | - | - | - | - | - |
| Price to Book | 5 x | 5.4 x | 4.26 x | 3.58 x | 2.97 x |
| Nbr of stocks (in thousands) | 158,934 | 158,933 | 158,933 | - | - |
| Reference price 2 | 150.7 | 187.7 | 173.1 | 173.1 | 173.1 |
| Announcement Date | 2/27/23 | 2/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 804.9 | 1,649 | 2,508 | 3,445 | 4,636 | 5,710 |
| EBITDA 1 | - | 608.2 | 860.9 | 1,116 | 1,498 | 1,887 |
| EBIT 1 | - | 556.6 | 791.5 | 1,059 | 1,471 | 1,772 |
| Operating Margin | - | 33.75% | 31.56% | 30.73% | 31.73% | 31.02% |
| Earnings before Tax (EBT) 1 | - | 556.9 | 791.7 | 1,058 | 1,470 | 1,770 |
| Net income 1 | - | 501.6 | 727.3 | 973.2 | 1,349 | 1,603 |
| Net margin | - | 30.42% | 29% | 28.25% | 29.09% | 28.08% |
| EPS 2 | 1.664 | 3.523 | 4.580 | 6.125 | 8.487 | 10.28 |
| Free Cash Flow | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | - | 0.3356 | 0.5500 | 0.6900 | 0.8700 | 1.120 |
| Announcement Date | 5/17/22 | 2/27/23 | 2/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 515.4 | - | 618.3 | 605.8 | 667.7 | 680.2 | 796.1 | 858.6 | 902.9 |
| EBITDA 1 | - | - | - | - | - | - | - | 282.9 | 305.4 | 326.6 |
| EBIT 1 | - | 179.6 | - | 190.5 | 200.7 | 180.6 | 230 | 267.4 | 289.5 | 310.3 |
| Operating Margin | - | 34.84% | - | 30.81% | 33.12% | 27.04% | 33.81% | 33.59% | 33.72% | 34.37% |
| Earnings before Tax (EBT) | - | 179.7 | - | - | - | - | - | - | - | - |
| Net income 1 | 157.2 | 158.7 | 193.9 | 180.2 | 189.8 | 116.3 | 202.1 | 240.7 | 260.6 | 279.3 |
| Net margin | - | 30.79% | - | 29.15% | 31.33% | 17.42% | 29.72% | 30.23% | 30.35% | 30.93% |
| EPS 2 | 0.9866 | 1.020 | 1.221 | 0.5300 | 1.200 | 1.030 | 1.270 | 1.514 | 1.639 | 1.757 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/19/22 | 2/27/23 | 4/24/23 | 8/28/23 | 10/31/23 | 2/27/24 | 4/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | - | 16.2% | 14.2% | 15.5% | 17.6% | 18% |
| ROA (Net income/ Total Assets) | - | 9.24% | - | 8.54% | 8.53% | 10.1% |
| Assets 1 | - | 5,427 | - | 11,396 | 15,823 | 15,907 |
| Book Value Per Share 2 | - | 30.10 | 34.70 | 40.60 | 48.30 | 58.30 |
| Cash Flow per Share 2 | - | 0.1600 | 4.110 | 5.190 | 7.460 | 11.80 |
| Capex 1 | - | 175 | 340 | 382 | 351 | 378 |
| Capex / Sales | - | 10.6% | 13.54% | 11.09% | 7.57% | 6.61% |
| Announcement Date | 5/17/22 | 2/27/23 | 2/27/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
173.1
CNY
Average target price
238.3
CNY
Spread / Average Target
+37.65%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.77% | 3.85B | |
| +34.74% | 183B | |
| +64.87% | 39.65B | |
| -8.48% | 30.36B | |
| +19.31% | 21.71B | |
| +1.65% | 11.52B | |
| -12.99% | 11.45B | |
| +138.74% | 9.98B | |
| +22.19% | 5.73B | |
| -20.39% | 4.82B |
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- Financials Hwatsing Technology Co., Ltd.