ZTE CORPORATION

000063
End-of-day quote. End-of-day quote  - 05/07
28.14CNY -1.33%
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2020 2021
Net sales1 101 451114 412
EBITDA1 9 03611 510
Operating profit (EBIT)1 5 4718 132
Operating Margin 5,39%7,11%
Pre-Tax Profit (EBT)1 5 0647 236
Net income1 4 2605 808
Net margin 4,20%5,08%
EPS2 0,921,28
Dividend per Share2 0,200,38
Last update 01/22/202104/29/2021
1 CNY in Million
2 CNY
Estimates
Finances - Leverage
Fiscal Period: December 2020 2021
Net Debt1 -662
Net Cash position1 382-
Leverage (Debt / EBITDA) -0,04x0,06x
Free Cash Flow1 3 7707 843
ROE (Net Profit / Equities) 10,2%12,7%
Shareholders' equity1 41 84445 907
ROA (Net Profit / Asset) 2,92%3,64%
Assets1 145 932159 381
Book Value Per Share2 9,3810,8
Cash Flow per Share2 2,222,88
Capex1 6 4626 705
Capex / Sales 6,37%5,86%
Last update 01/22/202105/05/2021
1 CNY in Million
2 CNY
Estimates
Balance Sheet Analysis
Financial Ratios
Size 2021e 2022e
Capitalization 121 479 M CNY -
Entreprise Value (EV) 117 673 M CNY 114 704 M CNY
Valuation 2021e 2022e
P/E ratio (Price / EPS) 22,2x 17,8x
Capitalization / Revenue 1,06x 0,95x
EV / Revenue 1,03x 0,92x
EV / EBITDA 10,2x 8,74x
Yield (DPS / Price) 1,32% 1,55%
Price to book (Price / BVPS) 2,63x 2,33x
Profitability 2021e 2022e
Operating Margin (EBIT / Sales) 7,11% 7,40%
Operating Leverage (Delta EBIT / Delta Sales) 3,81x 1,41x
Net Margin (Net Profit / Revenue) 5,08% 5,57%
ROA (Net Profit / Asset) 3,64% 4,15%
ROE (Net Profit / Equities) 12,7% 14,0%
Rate of Dividend 29,3% 27,6%
Balance Sheet Analysis 2021e 2022e
CAPEX / Sales   5,86% 4,92%
Cash Flow / Sales 11,6% 7,21%
Capital Intensity (Assets / Sales) 1,39x 1,34x
Financial Leverage (Net Debt / EBITDA) - -
Price Earning Ratio
EPS & Dividend