SHENZHEN DESAY BATTERY TECHNOLOGY CO., LTD. Financials Shenzhen Desay Battery Technology Co., Ltd.
Equities
000049
CNE0000000F1
Electrical Components & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 21.49 CNY | +3.82% |
|
-1.78% | -20.76% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,441 | 14,007 | 17,513 | 13,056 | 10,431 | 8,266 | - |
| Enterprise Value (EV) 1 | 8,441 | 14,602 | 18,798 | 13,056 | 10,909 | 10,886 | 10,949 |
| P/E ratio | 16.7 x | 20.9 x | 22.1 x | 15.1 x | 15.9 x | 10.8 x | 8.43 x |
| Yield | 1.72% | 1.48% | 1.29% | 1.49% | 1.66% | 2.12% | 2.69% |
| Capitalization / Revenue | 0.46 x | 0.72 x | 0.9 x | 0.6 x | 0.51 x | 0.36 x | 0.32 x |
| EV / Revenue | 0.46 x | 0.75 x | 0.97 x | 0.6 x | 0.54 x | 0.48 x | 0.43 x |
| EV / EBITDA | 8.32 x | 12.6 x | 15.2 x | 9.88 x | 10.2 x | 9.68 x | 8.08 x |
| EV / FCF | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - |
| Price to Book | 3.84 x | 4.95 x | 5.11 x | 3.18 x | 1.66 x | 1.26 x | 1.21 x |
| Nbr of stocks (in thousands) | 300,437 | 300,437 | 300,299 | 300,272 | 384,639 | 384,639 | - |
| Reference price 2 | 28.10 | 46.62 | 58.32 | 43.48 | 27.12 | 21.49 | 21.49 |
| Announcement Date | 4/16/20 | 3/22/21 | 3/29/22 | 4/20/23 | 3/25/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 18,443 | 19,398 | 19,471 | 21,749 | 20,285 | 22,742 | 25,445 |
| EBITDA 1 | 1,015 | 1,156 | 1,234 | 1,321 | 1,074 | 1,124 | 1,356 |
| EBIT 1 | 841 | 904.6 | 952.8 | 987.1 | 531.8 | 733.3 | 950.8 |
| Operating Margin | 4.56% | 4.66% | 4.89% | 4.54% | 2.62% | 3.22% | 3.74% |
| Earnings before Tax (EBT) 1 | 854 | 919.6 | 950.3 | 989.4 | 538.6 | 627.2 | 796.8 |
| Net income 1 | 502.2 | 669.7 | 793.8 | 866.2 | 561.9 | 638 | 823.8 |
| Net margin | 2.72% | 3.45% | 4.08% | 3.98% | 2.77% | 2.81% | 3.24% |
| EPS 2 | 1.683 | 2.229 | 2.642 | 2.887 | 1.711 | 1.987 | 2.549 |
| Free Cash Flow | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.4828 | 0.6897 | 0.7500 | 0.6500 | 0.4500 | 0.4562 | 0.5780 |
| Announcement Date | 4/16/20 | 3/22/21 | 3/29/22 | 4/20/23 | 3/25/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,574 | - | 6,849 | 11,786 | 4,902 | - | - | 6,237 | 12,271 | 4,288 | 4,507 | 5,084 | 6,405 | 4,095 | 4,799 | 5,570 | 7,306 |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 272.7 | 342.1 | 387.5 |
| EBIT 1 | - | - | 367.1 | 619.9 | - | - | - | - | 597.2 | - | - | 194.9 | 190 | 45.17 | 178.5 | 241.8 | 280.6 |
| Operating Margin | - | - | 5.36% | 5.26% | - | - | - | - | 4.87% | - | - | 3.83% | 2.97% | 1.1% | 3.72% | 4.34% | 3.84% |
| Earnings before Tax (EBT) 1 | - | - | 363.5 | 616.8 | - | - | - | - | 598.9 | - | - | 194.4 | 197.7 | 45.91 | 114.5 | 175.3 | 223.8 |
| Net income 1 | 173.8 | 268.9 | 302.3 | 524.8 | - | 307.4 | 298.4 | - | 558.8 | - | - | 187 | 199.3 | 43.86 | 110.3 | 166.3 | 206.4 |
| Net margin | 2.29% | - | 4.41% | 4.45% | - | - | - | - | 4.55% | - | - | 3.68% | 3.11% | 1.07% | 2.3% | 2.99% | 2.83% |
| EPS 2 | - | 0.8951 | 1.000 | 1.740 | - | 1.024 | 0.9938 | - | 1.870 | - | - | 0.6200 | 0.5000 | 0.1140 | 0.3685 | 0.5554 | 0.6894 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.4624 |
| Announcement Date | 8/17/20 | 8/19/21 | 3/29/22 | 3/29/22 | 4/25/22 | 8/24/22 | 10/27/22 | 4/20/23 | 4/20/23 | 4/27/23 | 8/30/23 | 10/27/23 | 3/25/24 | 4/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 596 | 1,284 | - | 478 | 2,620 | 2,683 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.5154 x | 1.04 x | - | 0.4448 x | 2.331 x | 1.979 x |
| Free Cash Flow | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 25.5% | 26.9% | 25.5% | 23.3% | 12.7% | 12.1% | 15.3% |
| ROA (Net income/ Total Assets) | 5.71% | 7.52% | 8.01% | 7.44% | - | 3.5% | 6.1% |
| Assets 1 | 8,796 | 8,904 | 9,908 | 11,646 | - | 18,229 | 13,506 |
| Book Value Per Share 2 | 7.320 | 9.420 | 11.40 | 13.70 | 16.40 | 17.00 | 17.80 |
| Cash Flow per Share 2 | 5.310 | 4.270 | 1.600 | 1.310 | 7.540 | -0.7800 | 3.780 |
| Capex 1 | 548 | 667 | 729 | 1,468 | 1,822 | 1,027 | 900 |
| Capex / Sales | 2.97% | 3.44% | 3.75% | 6.75% | 8.98% | 4.52% | 3.54% |
| Announcement Date | 4/16/20 | 3/22/21 | 3/29/22 | 4/20/23 | 3/25/24 | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
21.49
CNY
Average target price
33.06
CNY
Spread / Average Target
+53.84%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -20.76% | 1.14B | |
| +21.57% | 120B | |
| -12.98% | 63.24B | |
| -13.45% | 19.67B | |
| +8.86% | 17.62B | |
| -18.06% | 16.74B | |
| -14.00% | 10.22B | |
| -15.30% | 4.48B | |
| -12.28% | 4.03B | |
| +7.52% | 4.03B |
- Stock Market
- Equities
- 000049 Stock
- Financials Shenzhen Desay Battery Technology Co., Ltd.
