ZTE CORPORATION

000063
End-of-day quote. End-of-day quote  - 11/26
35.7CNY +0.45%
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2019 2020
Net sales1 90 737100 988
EBITDA1 10 6149 093
Operating profit (EBIT)1 7 5525 287
Operating Margin 8,32%5,23%
Pre-Tax Profit (EBT)1 7 1625 827
Net income1 5 1484 452
Net margin 5,67%4,41%
EPS2 1,220,96
Dividend per Share2 0,200,23
Last update 03/27/202011/17/2020
1 CNY in Million
2 CNY
Estimates
Finances - Leverage
Fiscal Period: December 2019 2020
Net Debt1 3 893-
Net Cash position1 -4 866
Leverage (Debt / EBITDA) 0,37x-0,54x
Free Cash Flow1 2 7802 057
ROE (Net Profit / Equities) 20,0%10,3%
Shareholders' equity1 25 79143 256
ROA (Net Profit / Asset) 3,81%3,00%
Assets1 135 292148 598
Book Value Per Share2 6,829,64
Cash Flow per Share2 1,762,21
Capex1 4 6673 532
Capex / Sales 5,14%3,50%
Last update 03/27/202011/17/2020
1 CNY in Million
2 CNY
Estimates
Balance Sheet Analysis
Financial Ratios
Size 2020e 2021e
Capitalization 150 633 M CNY -
Entreprise Value (EV) 145 767 M CNY 146 329 M CNY
Valuation 2020e 2021e
P/E ratio (Price / EPS) 37,2x 24,7x
Capitalization / Revenue 1,49x 1,29x
EV / Revenue 1,44x 1,25x
EV / EBITDA 16,0x 12,0x
Yield (DPS / Price) 0,64% 1,06%
Price to book (Price / BVPS) 3,70x 3,21x
Profitability 2020e 2021e
Operating Margin (EBIT / Sales) 5,23% 7,69%
Operating Leverage (Delta EBIT / Delta Sales) - 4,53x
Net Margin (Net Profit / Revenue) 4,41% 5,58%
ROA (Net Profit / Asset) 3,00% 3,61%
ROE (Net Profit / Equities) 10,3% 13,0%
Rate of Dividend 23,8% 26,1%
Balance Sheet Analysis 2020e 2021e
CAPEX / Sales   3,50% 4,75%
Cash Flow / Sales 10,1% 7,42%
Capital Intensity (Assets / Sales) 1,47x 1,55x
Financial Leverage (Net Debt / EBITDA) - -
Price Earning Ratio
EPS & Dividend