Financials Ruifeng Power Group Company Limited

Equities

2025

KYG7714A1022

Auto, Truck & Motorcycle Parts

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
1.89 HKD +8.62% Intraday chart for Ruifeng Power Group Company Limited +10.53% +12.50%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022
Capitalization 1 1,152 1,101 740.7 612.7 643
Enterprise Value (EV) 1 1,191 1,173 874.7 742.8 867.2
P/E ratio 11.2 x 36.6 x 22 x 16.8 x 31.5 x
Yield 4.18% - 1.82% 3.19% 1.87%
Capitalization / Revenue 1.89 x 3.1 x 1.71 x 0.9 x 1.07 x
EV / Revenue 1.95 x 3.3 x 2.02 x 1.09 x 1.44 x
EV / EBITDA 6.02 x 11 x 7.98 x 6.63 x 7.4 x
EV / FCF -14.3 x -19.1 x -25.6 x 25 x -10 x
FCF Yield -6.98% -5.25% -3.9% 4% -9.97%
Price to Book 1.27 x 1.17 x 0.77 x 0.63 x 0.65 x
Nbr of stocks (in thousands) 800,000 800,000 800,000 800,000 800,000
Reference price 2 1.440 1.376 0.9258 0.7659 0.8037
Announcement Date 4/29/19 4/23/20 4/27/21 4/25/22 4/25/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 700.4 610.7 355 433.5 679.8 600.5
EBITDA 1 172.3 197.8 106.5 109.6 112 117.1
EBIT 1 122.2 134.8 43.85 46.89 47.74 31.29
Operating Margin 17.45% 22.07% 12.35% 10.82% 7.02% 5.21%
Earnings before Tax (EBT) 1 109.8 124.6 34.96 39.53 42.02 23.16
Net income 1 94.8 102.3 30.12 33.6 36.57 20.41
Net margin 13.54% 16.76% 8.48% 7.75% 5.38% 3.4%
EPS 2 0.1580 0.1283 0.0376 0.0420 0.0457 0.0255
Free Cash Flow 1 -59.88 -83.18 -61.55 -34.13 29.73 -86.45
FCF margin -8.55% -13.62% -17.34% -7.87% 4.37% -14.4%
FCF Conversion (EBITDA) - - - - 26.55% -
FCF Conversion (Net income) - - - - 81.3% -
Dividend per Share - 0.0602 - 0.0168 0.0244 0.0150
Announcement Date 4/26/18 4/29/19 4/23/20 4/27/21 4/25/22 4/25/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 222 39.4 71.7 134 130 224
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.29 x 0.199 x 0.6734 x 1.223 x 1.161 x 1.914 x
Free Cash Flow 1 -59.9 -83.2 -61.5 -34.1 29.7 -86.4
ROE (net income / shareholders' equity) 17.4% 13.8% 3.26% 3.54% 3.78% 2.08%
ROA (Net income/ Total Assets) 6.76% 6.44% 2.01% 2.12% 2.02% 1.26%
Assets 1 1,401 1,590 1,499 1,582 1,809 1,626
Book Value Per Share 2 0.9700 1.130 1.180 1.200 1.220 1.230
Cash Flow per Share 2 0.0100 0.2100 0.0600 0.0300 0.0400 0.0100
Capex 1 146 107 110 89.9 144 163
Capex / Sales 20.83% 17.49% 30.98% 20.73% 21.16% 27.18%
Announcement Date 4/26/18 4/29/19 4/23/20 4/27/21 4/25/22 4/25/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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