Financials Ningbo Cixing Co.,Ltd.

Equities

300307

CNE100001CT9

Industrial Machinery & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-05-13 pm EDT 5-day change 1st Jan Change
6.21 CNY +1.14% Intraday chart for Ningbo Cixing Co.,Ltd. -2.20% -3.27%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,834 3,497 4,012 6,143 3,934 5,058
Enterprise Value (EV) 1 2,662 2,728 3,454 6,002 3,918 5,199
P/E ratio 28.1 x -4 x -7.67 x 71.5 x 42 x 42.8 x
Yield 0.42% - - - - -
Capitalization / Revenue 2.27 x 2.3 x 3.25 x 2.88 x 2.07 x 2.49 x
EV / Revenue 1.58 x 1.79 x 2.8 x 2.82 x 2.06 x 2.56 x
EV / EBITDA 23.6 x -15.6 x -15.9 x 47.4 x 28.5 x 33.5 x
EV / FCF 2.14 x 4.35 x -744 x -50.7 x -64.5 x 59.5 x
FCF Yield 46.8% 23% -0.13% -1.97% -1.55% 1.68%
Price to Book 0.95 x 1.1 x 1.57 x 2.32 x 1.43 x 1.71 x
Nbr of stocks (in thousands) 802,000 802,000 780,542 780,542 780,542 787,802
Reference price 2 4.780 4.360 5.140 7.870 5.040 6.420
Announcement Date 4/25/19 4/27/20 4/26/21 4/27/22 4/11/23 4/11/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,690 1,521 1,233 2,131 1,901 2,032
EBITDA 1 112.9 -174.6 -217 126.5 137.6 155
EBIT 1 41.53 -257.6 -305.4 40.23 52.87 75.38
Operating Margin 2.46% -16.94% -24.76% 1.89% 2.78% 3.71%
Earnings before Tax (EBT) 1 143.3 -865 -556.3 62.9 92.43 113.2
Net income 1 137.8 -874.3 -527.1 88.17 91.26 114.1
Net margin 8.16% -57.48% -42.74% 4.14% 4.8% 5.61%
EPS 2 0.1700 -1.090 -0.6700 0.1100 0.1200 0.1500
Free Cash Flow 1 1,247 627.4 -4.64 -118.3 -60.77 87.32
FCF margin 73.79% 41.25% -0.38% -5.55% -3.2% 4.3%
FCF Conversion (EBITDA) 1,104.77% - - - - 56.33%
FCF Conversion (Net income) 904.51% - - - - 76.55%
Dividend per Share 2 0.0200 - - - - -
Announcement Date 4/25/19 4/27/20 4/26/21 4/27/22 4/11/23 4/11/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - 142
Net Cash position 1 1,171 769 558 140 16.1 -
Leverage (Debt/EBITDA) - - - - - 0.9147 x
Free Cash Flow 1 1,247 627 -4.64 -118 -60.8 87.3
ROE (net income / shareholders' equity) 3.13% -23.9% -19.4% 2.84% 2.89% 3.89%
ROA (Net income/ Total Assets) 0.48% -3.41% -5.07% 0.66% 0.78% 1.02%
Assets 1 28,455 25,659 10,390 13,357 11,705 11,153
Book Value Per Share 2 5.050 3.980 3.280 3.390 3.520 3.750
Cash Flow per Share 2 0.7300 0.5400 0.6400 0.6100 0.7100 0.4200
Capex 1 167 273 186 48.8 78.3 31.3
Capex / Sales 9.89% 17.93% 15.07% 2.29% 4.12% 1.54%
Announcement Date 4/25/19 4/27/20 4/26/21 4/27/22 4/11/23 4/11/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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