Financials Shenzhen EXC-LED Technology Co.Ltd

Equities

300889

CNE100004801

Construction Supplies & Fixtures

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
10.68 CNY +1.04% Intraday chart for Shenzhen EXC-LED Technology Co.Ltd +6.27% -36.43%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 4,916 3,017 1,997 2,608
Enterprise Value (EV) 1 3,746 1,934 1,740 2,412
P/E ratio 40.5 x 79.4 x 54.8 x 76.1 x
Yield 0.32% 0.16% 0.47% -
Capitalization / Revenue 4.95 x 2.66 x 2.21 x 2.44 x
EV / Revenue 3.77 x 1.71 x 1.92 x 2.26 x
EV / EBITDA 35.8 x 63.5 x 59.2 x 23.8 x
EV / FCF -20 x 41.1 x -2.51 x -57.2 x
FCF Yield -4.99% 2.43% -39.9% -1.75%
Price to Book 3.2 x 1.93 x 1.25 x 1.62 x
Nbr of stocks (in thousands) 156,000 156,000 156,000 155,228
Reference price 2 31.51 19.34 12.80 16.80
Announcement Date 4/21/21 4/25/22 4/25/23 4/24/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 884.5 1,129 994 1,132 905.3 1,067
EBITDA 1 120.6 169 104.5 30.48 29.38 101.2
EBIT 1 115.1 160.4 93.3 16.94 8.553 65.92
Operating Margin 13.01% 14.21% 9.39% 1.5% 0.94% 6.18%
Earnings before Tax (EBT) 1 122.6 161.9 112.2 43.52 32.64 38.31
Net income 1 106.3 136.6 98.62 38.01 36.42 34.32
Net margin 12.02% 12.1% 9.92% 3.36% 4.02% 3.22%
EPS 2 0.9500 1.167 0.7781 0.2437 0.2334 0.2207
Free Cash Flow 1 73.38 21.87 -187.1 47.01 -693.5 -42.19
FCF margin 8.3% 1.94% -18.82% 4.15% -76.6% -3.95%
FCF Conversion (EBITDA) 60.87% 12.94% - 154.25% - -
FCF Conversion (Net income) 69.04% 16.02% - 123.68% - -
Dividend per Share - - 0.1000 0.0300 0.0603 -
Announcement Date 5/31/19 8/27/20 4/21/21 4/25/22 4/25/23 4/24/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 278 343 1,169 1,083 257 195
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 73.4 21.9 -187 47 -693 -42.2
ROE (net income / shareholders' equity) 42.9% 35.9% 9.8% 2.56% 2.36% 2.05%
ROA (Net income/ Total Assets) 10.5% 10.8% 3.64% 0.44% 0.2% 1.53%
Assets 1 1,017 1,261 2,709 8,684 18,064 2,247
Book Value Per Share 2 2.750 3.900 9.860 10.00 10.20 10.40
Cash Flow per Share 2 2.380 2.930 3.720 6.690 3.720 3.380
Capex 1 24.8 42.1 47.1 127 368 107
Capex / Sales 2.81% 3.72% 4.74% 11.23% 40.7% 10.07%
Announcement Date 5/31/19 8/27/20 4/21/21 4/25/22 4/25/23 4/24/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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