Financials Shanghai New Power Automotive Technology Company Limited Shanghai S.E.

Equities

900920

CNE000000FD9

Heavy Machinery & Vehicles

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
0.209 USD -1.88% Intraday chart for Shanghai New Power Automotive Technology Company Limited +0.48% +3.47%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,726 4,753 6,619 16,530 8,759 6,658
Enterprise Value (EV) 1 2,228 1,775 3,583 11,265 5,813 4,046
P/E ratio 43.9 x 52.4 x 46 x 21.1 x -6.14 x -3.67 x
Yield 0.71% 0.58% 0.77% 1.02% - -
Capitalization / Revenue 1.15 x 1.18 x 1.08 x 0.68 x 0.88 x 0.77 x
EV / Revenue 0.54 x 0.44 x 0.58 x 0.46 x 0.59 x 0.47 x
EV / EBITDA 28.9 x 16.2 x 19.9 x 12 x -4.48 x -2.33 x
EV / FCF 12.1 x 4.16 x -75.1 x -2.82 x -2.31 x -423 x
FCF Yield 8.27% 24% -1.33% -35.5% -43.2% -0.24%
Price to Book 1.53 x 1.61 x 2.35 x 1.98 x 1.25 x 1.48 x
Nbr of stocks (in thousands) 866,690 866,690 866,690 1,631,536 1,631,536 1,387,822
Reference price 2 6.580 7.070 10.81 11.83 6.070 5.910
Announcement Date 3/22/19 4/9/20 3/15/21 3/18/22 3/30/23 3/25/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,121 4,033 6,131 24,402 9,929 8,681
EBITDA 1 76.99 109.8 180 939.7 -1,297 -1,736
EBIT 1 -79.15 -46.94 9.094 568.1 -1,657 -2,093
Operating Margin -1.92% -1.16% 0.15% 2.33% -16.68% -24.11%
Earnings before Tax (EBT) 1 112.6 107.6 184.5 819.6 -1,521 -2,441
Net income 1 133.5 116.9 203.3 693 -1,611 -2,463
Net margin 3.24% 2.9% 3.32% 2.84% -16.23% -28.37%
EPS 2 0.1500 0.1350 0.2350 0.5611 -0.9880 -1.610
Free Cash Flow 1 184.3 426.9 -47.7 -3,994 -2,513 -9.572
FCF margin 4.47% 10.58% -0.78% -16.37% -25.31% -0.11%
FCF Conversion (EBITDA) 239.39% 388.9% - - - -
FCF Conversion (Net income) 138.1% 365.26% - - - -
Dividend per Share 2 0.0470 0.0410 0.0830 0.1208 - -
Announcement Date 3/22/19 4/9/20 3/15/21 3/18/22 3/30/23 3/25/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,498 2,978 3,035 5,265 2,946 2,612
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 184 427 -47.7 -3,994 -2,513 -9.57
ROE (net income / shareholders' equity) 3.54% 3.08% 5.83% 10.2% -18.2% -36.5%
ROA (Net income/ Total Assets) -0.72% -0.41% 0.07% 1.47% -4.47% -6.5%
Assets 1 -18,455 -28,834 297,687 47,036 36,067 37,861
Book Value Per Share 2 4.290 4.380 4.590 5.990 4.870 3.980
Cash Flow per Share 2 2.880 3.440 3.500 3.860 4.230 4.480
Capex 1 253 111 121 555 442 496
Capex / Sales 6.13% 2.76% 1.97% 2.27% 4.45% 5.72%
Announcement Date 3/22/19 4/9/20 3/15/21 3/18/22 3/30/23 3/25/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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