Financials Aowei Holding Limited

Equities

1370

KYG0403E1052

Iron & Steel

Market Closed - Hong Kong S.E. 04:08:49 2024-05-06 am EDT 5-day change 1st Jan Change
0.52 HKD -13.33% Intraday chart for Aowei Holding Limited -13.33% -20.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,800 2,455 1,954 1,436 1,155 966.1
Enterprise Value (EV) 1 3,014 2,556 2,546 1,893 1,615 1,845
P/E ratio 67.4 x -24.8 x -27.7 x 7.07 x 19 x -1.76 x
Yield - - - - - -
Capitalization / Revenue 3.28 x 3.01 x 3.44 x 1.2 x 1.23 x 1.45 x
EV / Revenue 3.53 x 3.13 x 4.48 x 1.59 x 1.72 x 2.77 x
EV / EBITDA 10.5 x 9.28 x 36.1 x 5.87 x 24.1 x -120 x
EV / FCF 8.4 x -29.8 x -4.39 x -88.3 x -15.1 x -8.63 x
FCF Yield 11.9% -3.36% -22.8% -1.13% -6.63% -11.6%
Price to Book 1.97 x 1.86 x 1.56 x 0.99 x 0.76 x 1 x
Nbr of stocks (in thousands) 1,635,330 1,635,330 1,635,330 1,635,330 1,635,330 1,635,330
Reference price 2 1.712 1.501 1.195 0.8779 0.7065 0.5908
Announcement Date 4/25/19 4/27/20 9/27/22 10/27/22 4/27/23 4/24/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 854.8 815.5 568 1,192 937.8 667.4
EBITDA 1 287 275.3 70.61 322.8 66.91 -15.43
EBIT 1 126.7 146.1 -38.65 304.9 56.55 -46.37
Operating Margin 14.82% 17.91% -6.8% 25.58% 6.03% -6.95%
Earnings before Tax (EBT) 1 92.92 -114.8 -79.83 278.2 96.14 -524.8
Net income 1 41.54 -98.97 -70.57 203.1 60.76 -549.1
Net margin 4.86% -12.14% -12.42% 17.05% 6.48% -82.28%
EPS 2 0.0254 -0.0605 -0.0432 0.1242 0.0372 -0.3358
Free Cash Flow 1 359 -85.86 -580.1 -21.44 -107 -213.8
FCF margin 42% -10.53% -102.14% -1.8% -11.41% -32.04%
FCF Conversion (EBITDA) 125.08% - - - - -
FCF Conversion (Net income) 864.16% - - - - -
Dividend per Share - - - - - -
Announcement Date 4/25/19 4/27/20 9/27/22 10/27/22 4/27/23 4/24/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 214 101 591 458 460 879
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.7457 x 0.3661 x 8.376 x 1.418 x 6.872 x -56.98 x
Free Cash Flow 1 359 -85.9 -580 -21.4 -107 -214
ROE (net income / shareholders' equity) 2.97% -7.22% -5.49% 15% 4.09% -44.2%
ROA (Net income/ Total Assets) 3.52% 4.01% -1.04% 7.88% 1.43% -1.25%
Assets 1 1,180 -2,470 6,815 2,577 4,238 43,826
Book Value Per Share 2 0.8700 0.8100 0.7600 0.8900 0.9300 0.5900
Cash Flow per Share 2 0.0400 0.2800 0.0100 0.0600 0.0300 0.0200
Capex 1 25.6 273 369 672 167 153
Capex / Sales 3% 33.5% 65.04% 56.43% 17.82% 22.9%
Announcement Date 4/25/19 4/27/20 9/27/22 10/27/22 4/27/23 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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