SINOTRUK (HONG KONG) LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 19.26 HKD | +0.52% |
|
-13.44% | +25.72% |
| Mar. 26 | Sinotruk (Hong Kong)'s 2023 Attributable Profit Surges as Revenue Rises | MT |
| Mar. 26 | Sinotruk (Hong Kong) Limited Proposes Final Dividend for the Year Ended 31 December 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 28,608 | 41,009 | 46,011 | 26,996 | 26,530 | 49,224 | 49,224 | - |
| Enterprise Value (EV) 1 | 16,605 | 19,898 | 17,116 | 2,200 | 10,616 | 38,445 | 31,719 | 9,799 |
| P/E ratio | 6.6 x | 12.3 x | 6.72 x | 6.23 x | 14.8 x | 7.21 x | 8.19 x | 7.26 x |
| Yield | 5.29% | 2.42% | 5.28% | 5.63% | 3.02% | 3.73% | 4.74% | 5.55% |
| Capitalization / Revenue | 0.46 x | 0.66 x | 0.47 x | 0.29 x | 0.45 x | 0.45 x | 0.49 x | 0.43 x |
| EV / Revenue | 0.27 x | 0.32 x | 0.17 x | 0.02 x | 0.18 x | 0.45 x | 0.31 x | 0.09 x |
| EV / EBITDA | 2.45 x | 3.08 x | 1.53 x | 0.35 x | 2.42 x | 4.77 x | 3.41 x | 0.89 x |
| EV / FCF | 6.2 x | 2.65 x | 1.06 x | -0.34 x | 1.43 x | 1.12 x | 5.87 x | 0.56 x |
| FCF Yield | 16.1% | 37.7% | 94.3% | -297% | 70.2% | 89.1% | 17% | 178% |
| Price to Book | 1.12 x | 1.5 x | 1.43 x | 0.76 x | 0.74 x | 1.25 x | 1.12 x | 1.05 x |
| Nbr of stocks (in thousands) | 2,760,993 | 2,760,993 | 2,760,993 | 2,760,993 | 2,760,993 | 2,760,993 | 2,760,993 | - |
| Reference price 2 | 10.36 | 14.85 | 16.66 | 9.778 | 9.609 | 17.83 | 17.83 | 17.83 |
| Announcement Date | 3/27/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/30/23 | 3/25/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 61,785 | 62,227 | 98,198 | 93,357 | 59,291 | 85,498 | 100,802 | 113,359 |
| EBITDA 1 | 6,784 | 6,468 | 11,211 | 6,283 | 4,389 | 8,060 | 9,315 | 10,979 |
| EBIT 1 | 5,642 | 5,671 | 9,598 | 4,840 | 2,379 | 6,487 | 7,559 | 9,205 |
| Operating Margin | 9.13% | 9.11% | 9.77% | 5.18% | 4.01% | 7.59% | 7.5% | 8.12% |
| Earnings before Tax (EBT) 1 | 5,719 | 4,805 | 9,551 | 5,863 | 3,008 | 6,883 | 8,048 | 9,593 |
| Net income 1 | 4,345 | 3,334 | 6,851 | 4,322 | 1,797 | 5,318 | 5,992 | 6,777 |
| Net margin | 7.03% | 5.36% | 6.98% | 4.63% | 3.03% | 6.22% | 5.94% | 5.98% |
| EPS 2 | 1.570 | 1.210 | 2.480 | 1.570 | 0.6500 | 1.930 | 2.176 | 2.455 |
| Free Cash Flow 1 | 2,677 | 7,506 | 16,133 | -6,537 | 7,448 | 20,066 | 5,401 | 17,397 |
| FCF margin | 4.33% | 12.06% | 16.43% | -7% | 12.56% | 23.89% | 5.36% | 15.35% |
| FCF Conversion (EBITDA) | 39.46% | 116.04% | 143.9% | - | 169.71% | 263.09% | 57.98% | 158.46% |
| FCF Conversion (Net income) | 61.62% | 225.15% | 235.5% | - | 414.57% | 415.18% | 90.14% | 256.69% |
| Dividend per Share 2 | 0.5484 | 0.3600 | 0.8800 | 0.5500 | 0.2900 | 0.6644 | 0.8458 | 0.9900 |
| Announcement Date | 3/27/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/30/23 | 3/25/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S1 | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 34,492 | - | 42,798 | 55,400 | 65,169 | 28,188 | 29,028 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | - | 5,053 | -213.6 | 1,662 |
| Operating Margin | - | - | - | - | 7.75% | -0.76% | 5.73% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income 1 | - | 840.7 | 2,941 | - | - | 699 | 1,283 |
| Net margin | - | - | 6.87% | - | - | 2.48% | 4.42% |
| EPS 2 | 0.9000 | - | 1.070 | 1.410 | 1.310 | 0.2600 | 0.4600 |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 8/30/19 | 3/31/20 | 8/28/20 | 3/31/21 | 8/27/21 | 3/31/22 | 8/31/22 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 12,002 | 21,110 | 28,895 | 24,796 | 15,914 | 26,693 | 17,505 | 39,425 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 2,677 | 7,506 | 16,133 | -6,537 | 7,448 | 20,067 | 5,401 | 17,397 |
| ROE (net income / shareholders' equity) | 18% | 15.1% | 23.4% | 12.8% | 5.02% | 12.4% | 13.1% | 14.4% |
| ROA (Net income/ Total Assets) | 7.07% | 6.12% | 7.69% | 3.96% | 1.69% | 4.17% | 4.61% | 4.97% |
| Assets 1 | 61,432 | 54,518 | 89,056 | 109,014 | 106,250 | 115,810 | 130,077 | 136,401 |
| Book Value Per Share 2 | 9.230 | 9.870 | 11.60 | 12.90 | 13.00 | 14.30 | 15.90 | 16.90 |
| Cash Flow per Share 2 | 1.530 | 3.130 | 7.060 | -1.160 | 3.950 | 3.650 | 2.750 | 3.980 |
| Capex 1 | 1,554 | 1,128 | 3,359 | 3,326 | 3,447 | 2,478 | 2,481 | 2,842 |
| Capex / Sales | 2.52% | 1.81% | 3.42% | 3.56% | 5.81% | 2.95% | 2.46% | 2.51% |
| Announcement Date | 3/27/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/30/23 | 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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
17.83
CNY
Average target price
22.08
CNY
Spread / Average Target
+23.86%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +25.72% | 6.79B | |
| +6.92% | 3.87B | |
| +27.62% | 2.75B | |
| +30.15% | 2.56B | |
| +7.07% | 2.6B | |
| -3.94% | 1.11B | |
| +8.76% | 1.02B | |
| -28.26% | 682M | |
| -.--% | 669M | |
| +29.62% | 619M |
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