Financials Changchun Yidong Clutch CO.,LTD

Equities

600148

CNE000000VY2

Auto, Truck & Motorcycle Parts

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
13.36 CNY -0.67% Intraday chart for Changchun Yidong Clutch CO.,LTD +8.62% -19.03%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,997 1,888 2,056 2,479 1,922 2,335
Enterprise Value (EV) 1 1,922 1,749 1,857 2,318 1,635 2,001
P/E ratio 56.4 x 95.3 x 36.3 x 60.4 x -226 x 3,511 x
Yield - 0.86% 1.24% 0.5% - -
Capitalization / Revenue 2.25 x 2 x 1.78 x 2.21 x 3.49 x 3.35 x
EV / Revenue 2.17 x 1.85 x 1.61 x 2.06 x 2.97 x 2.87 x
EV / EBITDA 23.4 x 25 x 15.1 x 25.7 x 265 x 46.3 x
EV / FCF 54.7 x 24.2 x 39.1 x 252 x 9.63 x 22.1 x
FCF Yield 1.83% 4.13% 2.55% 0.4% 10.4% 4.52%
Price to Book 4.77 x 4.3 x 4.27 x 5.01 x 4.06 x 4.77 x
Nbr of stocks (in thousands) 141,516 141,516 141,516 141,516 141,516 141,516
Reference price 2 14.11 13.34 14.53 17.52 13.58 16.50
Announcement Date 4/18/19 4/28/20 4/28/21 4/28/22 4/26/23 4/25/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 887.2 943.8 1,156 1,123 550.6 696.2
EBITDA 1 82.08 69.89 122.7 90.27 6.17 43.19
EBIT 1 60.87 48.72 96.92 67.63 -16.96 20.45
Operating Margin 6.86% 5.16% 8.38% 6.02% -3.08% 2.94%
Earnings before Tax (EBT) 1 64.54 50.94 101.5 75.73 0.4912 8.567
Net income 1 35.8 20.11 57.22 41.26 -8.202 0.6608
Net margin 4.04% 2.13% 4.95% 3.67% -1.49% 0.09%
EPS 2 0.2500 0.1400 0.4000 0.2900 -0.0600 0.004700
Free Cash Flow 1 35.17 72.26 47.43 9.191 169.8 90.44
FCF margin 3.96% 7.66% 4.1% 0.82% 30.83% 12.99%
FCF Conversion (EBITDA) 42.84% 103.39% 38.67% 10.18% 2,751.62% 209.39%
FCF Conversion (Net income) 98.22% 359.33% 82.9% 22.28% - 13,686.04%
Dividend per Share - 0.1146 0.1805 0.0875 - -
Announcement Date 4/18/19 4/28/20 4/28/21 4/28/22 4/26/23 4/25/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 74.6 139 199 161 286 334
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 35.2 72.3 47.4 9.19 170 90.4
ROE (net income / shareholders' equity) 11.7% 7.99% 15.2% 11% -0.26% 2.2%
ROA (Net income/ Total Assets) 3.63% 2.8% 4.91% 3.23% -0.91% 1.11%
Assets 1 986 717.1 1,164 1,276 897.1 59.67
Book Value Per Share 2 2.960 3.100 3.400 3.500 3.340 3.460
Cash Flow per Share 2 0.8200 1.260 1.650 1.390 2.240 2.600
Capex 1 4.66 28.8 4.03 8.77 7.36 15
Capex / Sales 0.53% 3.05% 0.35% 0.78% 1.34% 2.15%
Announcement Date 4/18/19 4/28/20 4/28/21 4/28/22 4/26/23 4/25/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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