End-of-day quote
Shenzhen S.E.
06:00:00 2024-05-20 pm EDT
|
5-day change
|
1st Jan Change
|
21.89
CNY
|
-2.28%
|
|
+2.15%
|
-25.54%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
47,658
|
87,639
|
90,451
|
76,100
|
105,387
|
81,150
|
-
|
-
|
Enterprise Value (EV)
1 |
46,905
|
86,371
|
89,699
|
76,663
|
102,486
|
77,472
|
76,359
|
74,896
|
P/E ratio
|
33.3
x
|
60.1
x
|
53.8
x
|
29.5
x
|
36.3
x
|
23.6
x
|
18.7
x
|
16.6
x
|
Yield
|
0.87%
|
1.01%
|
0.59%
|
0.94%
|
0.85%
|
1.41%
|
1.71%
|
2.03%
|
Capitalization / Revenue
|
4.22
x
|
7.24
x
|
5.65
x
|
3.56
x
|
4.29
x
|
2.83
x
|
2.3
x
|
2.09
x
|
EV / Revenue
|
4.16
x
|
7.13
x
|
5.6
x
|
3.59
x
|
4.17
x
|
2.7
x
|
2.17
x
|
1.93
x
|
EV / EBITDA
|
23
x
|
40.6
x
|
36.3
x
|
21
x
|
23.9
x
|
15.6
x
|
12.9
x
|
11
x
|
EV / FCF
|
45
x
|
90.3
x
|
-241
x
|
-221
x
|
65.3
x
|
71.3
x
|
46.5
x
|
31.9
x
|
FCF Yield
|
2.22%
|
1.11%
|
-0.41%
|
-0.45%
|
1.53%
|
1.4%
|
2.15%
|
3.13%
|
Price to Book
|
5.16
x
|
8.8
x
|
8.1
x
|
6.08
x
|
6.13
x
|
4.14
x
|
3.55
x
|
3.08
x
|
Nbr of stocks (in thousands)
|
3,575,042
|
3,555,332
|
3,575,158
|
3,586,255
|
3,584,607
|
3,707,161
|
-
|
-
|
Reference price
2 |
13.33
|
24.65
|
25.30
|
21.22
|
29.40
|
21.89
|
21.89
|
21.89
|
Announcement Date
|
2/14/20
|
3/26/21
|
3/9/22
|
4/28/23
|
4/29/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
11,287
|
12,110
|
16,021
|
21,348
|
24,558
|
28,719
|
35,263
|
38,814
|
EBITDA
1 |
2,036
|
2,127
|
2,474
|
3,642
|
4,296
|
4,957
|
5,938
|
6,780
|
EBIT
1 |
1,664
|
1,702
|
1,987
|
3,067
|
3,553
|
4,117
|
5,113
|
5,805
|
Operating Margin
|
14.74%
|
14.05%
|
12.4%
|
14.37%
|
14.47%
|
14.34%
|
14.5%
|
14.96%
|
Earnings before Tax (EBT)
1 |
1,663
|
1,692
|
1,977
|
3,051
|
3,553
|
4,189
|
5,120
|
5,846
|
Net income
1 |
1,421
|
1,462
|
1,684
|
2,573
|
2,921
|
3,484
|
4,334
|
4,878
|
Net margin
|
12.59%
|
12.07%
|
10.51%
|
12.05%
|
11.89%
|
12.13%
|
12.29%
|
12.57%
|
EPS
2 |
0.4000
|
0.4100
|
0.4700
|
0.7200
|
0.8100
|
0.9295
|
1.168
|
1.316
|
Free Cash Flow
1 |
1,042
|
956.8
|
-371.6
|
-347.5
|
1,570
|
1,087
|
1,642
|
2,348
|
FCF margin
|
9.23%
|
7.9%
|
-2.32%
|
-1.63%
|
6.39%
|
3.78%
|
4.66%
|
6.05%
|
FCF Conversion (EBITDA)
|
51.17%
|
44.99%
|
-
|
-
|
36.54%
|
21.92%
|
27.65%
|
34.63%
|
FCF Conversion (Net income)
|
73.29%
|
65.44%
|
-
|
-
|
53.73%
|
31.19%
|
37.89%
|
48.12%
|
Dividend per Share
2 |
0.1154
|
0.2500
|
0.1500
|
0.2000
|
0.2500
|
0.3088
|
0.3753
|
0.4452
|
Announcement Date
|
2/14/20
|
3/26/21
|
3/9/22
|
4/28/23
|
4/29/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
4,301
|
4,804
|
5,356
|
5,439
|
5,749
|
5,679
|
6,850
|
6,447
|
5,582
|
6,440
|
7,847
|
7,450
|
7,197
|
7,893
|
9,521
|
EBITDA
1 |
560.6
|
635.8
|
809
|
909.6
|
-
|
-
|
-
|
-
|
-
|
-
|
1,387
|
1,238
|
1,238
|
-
|
-
|
EBIT
1 |
409.8
|
552.3
|
685.9
|
732.2
|
1,096
|
701.8
|
976.8
|
940.8
|
933.5
|
797.7
|
1,081
|
1,033
|
1,094
|
-
|
-
|
Operating Margin
|
9.53%
|
11.5%
|
12.81%
|
13.46%
|
19.07%
|
12.36%
|
14.26%
|
14.59%
|
16.72%
|
12.39%
|
13.78%
|
13.87%
|
15.2%
|
-
|
-
|
Earnings before Tax (EBT)
1 |
403.4
|
553.5
|
686
|
732.2
|
1,080
|
-
|
976
|
943.3
|
932
|
-
|
1,186
|
1,059
|
1,059
|
-
|
-
|
Net income
1 |
390.9
|
453
|
550.2
|
624.5
|
945.7
|
-
|
793.5
|
764.9
|
761.4
|
-
|
968.6
|
864.8
|
864.8
|
-
|
-
|
Net margin
|
9.09%
|
9.43%
|
10.27%
|
11.48%
|
16.45%
|
-
|
11.58%
|
11.86%
|
13.64%
|
-
|
12.34%
|
11.61%
|
12.02%
|
-
|
-
|
EPS
2 |
0.1100
|
0.1300
|
0.1400
|
0.1700
|
0.2800
|
0.1700
|
0.2200
|
0.2000
|
0.2200
|
0.1700
|
0.2498
|
0.2372
|
0.2572
|
0.2300
|
0.3000
|
Dividend per Share
2 |
0.1500
|
-
|
-
|
-
|
0.2000
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.3522
|
-
|
-
|
Announcement Date
|
3/9/22
|
4/25/22
|
8/12/22
|
10/26/22
|
4/28/23
|
4/28/23
|
8/22/23
|
10/30/23
|
4/29/24
|
4/29/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
562
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
753
|
1,268
|
753
|
-
|
2,902
|
3,678
|
4,791
|
6,254
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
0.1544
x
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
1,042
|
957
|
-372
|
-348
|
1,570
|
1,087
|
1,642
|
2,348
|
ROE (net income / shareholders' equity)
|
16.1%
|
15%
|
16%
|
21.4%
|
19.2%
|
18%
|
19.5%
|
19.2%
|
ROA (Net income/ Total Assets)
|
9.9%
|
9.19%
|
8.29%
|
-
|
-
|
10%
|
10.2%
|
10.4%
|
Assets
1 |
14,361
|
15,912
|
20,317
|
-
|
-
|
34,810
|
42,498
|
46,834
|
Book Value Per Share
2 |
2.580
|
2.800
|
3.120
|
3.490
|
4.790
|
5.290
|
6.170
|
7.100
|
Cash Flow per Share
2 |
0.5300
|
0.5800
|
0.4300
|
0.7000
|
1.000
|
0.7300
|
1.170
|
1.100
|
Capex
1 |
859
|
1,131
|
1,927
|
2,857
|
2,154
|
2,232
|
1,793
|
2,240
|
Capex / Sales
|
7.61%
|
9.34%
|
12.03%
|
13.38%
|
8.77%
|
7.77%
|
5.09%
|
5.77%
|
Announcement Date
|
2/14/20
|
3/26/21
|
3/9/22
|
4/28/23
|
4/29/24
|
-
|
-
|
-
|
Last Close Price
21.89
CNY Average target price
29.5
CNY Spread / Average Target +34.78% Consensus |
1st Jan change
|
Capi.
|
---|
| -25.54% | 11.22B | | +11.79% | 15.44B | | +25.22% | 8.46B | | +3.52% | 7.2B | | +49.93% | 2.18B | | +17.38% | 1.77B | | +15.73% | 970M | | +22.49% | 946M | | -5.00% | 676M | | -15.24% | 409M |
Industrial Valve Manufacturing
|