SHANGHAI ZHEZHONG GROUP CO.,LTD Financials Shanghai Zhezhong Group Co.,Ltd
Equities
002346
CNE100000KY4
Electrical Components & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.48 CNY | +0.64% |
|
+5.69% | -14.98% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,520 | 4,963 | 4,111 | 8,432 | 5,570 | 4,859 |
| Enterprise Value (EV) 1 | 5,356 | 5,101 | 4,108 | 8,756 | 5,469 | 4,789 |
| P/E ratio | 96.2 x | 53.5 x | 26.6 x | 18.8 x | 12.4 x | 16.4 x |
| Yield | 1.6% | 1.78% | 2.15% | 1.04% | 1.56% | - |
| Capitalization / Revenue | 9.87 x | 11 x | 6.8 x | 12.2 x | 7.68 x | 4.33 x |
| EV / Revenue | 9.57 x | 11.3 x | 6.8 x | 12.7 x | 7.54 x | 4.27 x |
| EV / EBITDA | 72.5 x | 82.8 x | 47.5 x | 246 x | 62.7 x | 25.7 x |
| EV / FCF | 32.6 x | -52.7 x | -18.8 x | -17 x | -111 x | 594 x |
| FCF Yield | 3.07% | -1.9% | -5.31% | -5.88% | -0.9% | 0.17% |
| Price to Book | 2.71 x | 2.44 x | 1.97 x | 3.5 x | 2.06 x | 1.59 x |
| Nbr of stocks (in thousands) | 441,575 | 441,575 | 441,575 | 439,852 | 435,825 | 435,825 |
| Reference price 2 | 12.50 | 11.24 | 9.310 | 19.17 | 12.78 | 11.15 |
| Announcement Date | 4/25/19 | 4/28/20 | 4/19/21 | 3/9/22 | 4/28/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 559.4 | 451.7 | 604.4 | 689 | 725.6 | 1,123 |
| EBITDA 1 | 73.88 | 61.63 | 86.44 | 35.57 | 87.26 | 186.1 |
| EBIT 1 | 50.19 | 37.72 | 62.71 | 0.9376 | 61.66 | 162.5 |
| Operating Margin | 8.97% | 8.35% | 10.38% | 0.14% | 8.5% | 14.47% |
| Earnings before Tax (EBT) 1 | 54.3 | 138.2 | 166.9 | 491 | 570.5 | 350.6 |
| Net income 1 | 58.27 | 94.66 | 155.6 | 447.8 | 450.6 | 297.2 |
| Net margin | 10.42% | 20.96% | 25.75% | 65% | 62.1% | 26.47% |
| EPS 2 | 0.1300 | 0.2100 | 0.3500 | 1.020 | 1.030 | 0.6800 |
| Free Cash Flow 1 | 164.4 | -96.78 | -218.1 | -515.2 | -49.24 | 8.068 |
| FCF margin | 29.39% | -21.43% | -36.09% | -74.78% | -6.79% | 0.72% |
| FCF Conversion (EBITDA) | 222.52% | - | - | - | - | 4.33% |
| FCF Conversion (Net income) | 282.15% | - | - | - | - | 2.71% |
| Dividend per Share 2 | 0.2000 | 0.2000 | 0.2000 | 0.2000 | 0.2000 | - |
| Announcement Date | 4/25/19 | 4/28/20 | 4/19/21 | 3/9/22 | 4/28/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 137 | - | 324 | - | - |
| Net Cash position 1 | 164 | - | 3.42 | - | 100 | 70 |
| Leverage (Debt/EBITDA) | - | 2.23 x | - | 9.106 x | - | - |
| Free Cash Flow 1 | 164 | -96.8 | -218 | -515 | -49.2 | 8.07 |
| ROE (net income / shareholders' equity) | 2.79% | 4.65% | 7.57% | 13% | 14.2% | 10.6% |
| ROA (Net income/ Total Assets) | 1.26% | 0.87% | 1.39% | 0.01% | 0.85% | 2.4% |
| Assets 1 | 4,633 | 10,936 | 11,161 | 3,418,504 | 53,013 | 12,394 |
| Book Value Per Share 2 | 4.620 | 4.600 | 4.720 | 5.470 | 6.220 | 7.020 |
| Cash Flow per Share 2 | 0.1000 | 0.3200 | 0.1500 | 0.3500 | 0.3500 | 0.4100 |
| Capex 1 | 29 | 33.1 | 7.74 | 859 | 187 | 23.8 |
| Capex / Sales | 5.19% | 7.33% | 1.28% | 124.65% | 25.81% | 2.12% |
| Announcement Date | 4/25/19 | 4/28/20 | 4/19/21 | 3/9/22 | 4/28/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -14.98% | 569M | |
| +90.31% | 1.98B | |
| -12.00% | 1.22B | |
| +11.25% | 987M | |
| -31.00% | 851M | |
| -9.00% | 529M | |
| +39.98% | 464M | |
| -18.70% | 359M | |
| -45.52% | 319M | |
| -18.98% | 293M |
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