Financials Pylon Technologies Co., Ltd.

Equities

688063

CNE100005D68

Electrical Components & Equipment

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-09 pm EDT			5-day change	1st Jan Change
81.1 ^CNY	-2.93%		+2.37%	-23.49%

Apr. 26	Pylon Technologies Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 03	Tranche Update on Pylon Technologies Co., Ltd.'s Equity Buyback Plan announced on February 20, 2024.	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	40,046	30,504	48,877	18,580	14,138	-	-
Enterprise Value (EV) ¹	40,046	29,454	48,029	18,580	14,138	14,138	14,138
P/E ratio	110 x	96.6 x	38.5 x	35.7 x	18.8 x	16.7 x	19.7 x
Yield	-	0.31%	0.69%	0.98%	1.68%	2.4%	1.49%
Capitalization / Revenue	35.8 x	14.8 x	8.13 x	5.63 x	2.96 x	2.13 x	2.29 x
EV / Revenue	35.8 x	14.8 x	8.13 x	5.63 x	2.96 x	2.13 x	2.29 x
EV / EBITDA	-	75.4 x	31.3 x	22.3 x	13.5 x	10.6 x	12.4 x
EV / FCF	-	-38,708,782 x	275,594,125 x	-	-	-	-
FCF Yield	-	-0%	0%	-	-	-	-
Price to Book	14.6 x	10.3 x	11.3 x	1.95 x	1.43 x	1.52 x	1.29 x
Nbr of stocks (in thousands)	154,845	154,845	154,845	175,281	174,332	-	-
Reference price ²	258.6	197.0	315.6	106.0	81.10	81.10	81.10
Announcement Date	2/26/21	2/25/22	2/27/23	2/24/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,120	2,063	6,013	3,299	4,784	6,629	6,168
EBITDA ¹	-	404.3	1,559	832.5	1,048	1,339	1,140
EBIT ¹	312.7	361.7	1,490	603.1	642.6	956.9	844.5
Operating Margin	27.92%	17.53%	24.78%	18.28%	13.43%	14.44%	13.69%
Earnings before Tax (EBT) ¹	311.9	359.1	1,482	601	883.5	988.9	842.7
Net income ¹	274.5	315.7	1,273	515.6	756.6	851.1	723
Net margin	24.51%	15.3%	21.17%	15.63%	15.82%	12.84%	11.72%
EPS ²	2.360	2.040	8.190	2.970	4.307	4.846	4.120
Free Cash Flow	-	-788	177.4	-	-	-	-
FCF margin	-	-38.19%	2.95%	-	-	-	-
FCF Conversion (EBITDA)	-	-	11.37%	-	-	-	-
FCF Conversion (Net income)	-	-	13.93%	-	-	-	-
Dividend per Share ²	-	0.6200	2.180	1.040	1.359	1.943	1.210
Announcement Date	2/26/21	2/25/22	2/27/23	2/24/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	-	716.3	492.3	250.2	385.6	1,047	1,728	2,463
EBITDA	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income	461.9	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-	-
EPS	2.740	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	4/25/23	8/25/23	10/27/23	2/24/24	4/27/24	-	-	-

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	1,050	847	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-788	177	-	-	-	-
ROE (net income / shareholders' equity)	47.2%	11.1%	35%	5.7%	6.07%	10.8%	6.68%
ROA (Net income/ Total Assets)	-	8.65%	20.6%	5.39%	4.4%	6.47%	4%
Assets ¹	-	3,649	6,178	9,565	17,197	13,162	18,074
Book Value Per Share ²	17.70	19.20	27.80	54.20	56.60	53.40	62.70
Cash Flow per Share ²	1.810	-2.130	6.160	6.100	4.080	4.120	4.220
Capex ¹	-	458	776	1,201	753	514	564
Capex / Sales	-	22.19%	12.91%	36.39%	15.74%	7.75%	9.15%
Announcement Date	2/26/21	2/25/22	2/27/23	2/24/24	-	-	-

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

Ratings for Pylon Technologies Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

81.1 CNY

Average target price

91.18 CNY

Spread / Average Target

+12.42%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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