Financials China Electronics Huada Technology Company Limited

Equities

85

BMG2122L1054

Semiconductors

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
1.35 HKD +3.85% Intraday chart for China Electronics Huada Technology Company Limited +7.14% 0.00%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 2,781 1,279 1,198 1,462 1,380 2,781
Enterprise Value (EV) 1 4,508 3,065 2,624 1,045 1,106 1,527
P/E ratio 12.6 x 11.3 x 7.72 x -1.44 x 11 x 5.23 x
Yield 2.19% 3.17% 3.9% - 2.79% 5.84%
Capitalization / Revenue 1.91 x 0.76 x 0.71 x 1.1 x 0.82 x 1.12 x
EV / Revenue 3.1 x 1.82 x 1.55 x 0.79 x 0.66 x 0.62 x
EV / EBITDA 48.3 x 23.2 x 17.5 x 12.3 x 8.21 x 2.41 x
EV / FCF -37.3 x -26.3 x 25.3 x 7.87 x 28.9 x 2.58 x
FCF Yield -2.68% -3.8% 3.95% 12.7% 3.46% 38.7%
Price to Book 1.37 x 0.67 x 0.59 x 1.34 x 1.11 x 1.71 x
Nbr of stocks (in thousands) 2,029,872 2,029,872 2,029,872 2,029,872 2,029,872 2,029,872
Reference price 2 1.370 0.6300 0.5900 0.7200 0.6800 1.370
Announcement Date 4/26/18 4/29/19 5/15/20 4/29/21 4/28/22 4/28/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,453 1,687 1,695 1,325 1,682 2,483
EBITDA 1 93.29 132.1 150.1 84.62 134.7 634
EBIT 1 68.28 94.12 113.5 68.87 118.2 612.7
Operating Margin 4.7% 5.58% 6.69% 5.2% 7.03% 24.68%
Earnings before Tax (EBT) 1 218 144.3 154.8 -1,002 112.6 607.8
Net income 1 220.1 113.3 155.2 -1,013 125.4 531.4
Net margin 15.15% 6.72% 9.15% -76.5% 7.46% 21.4%
EPS 2 0.1084 0.0558 0.0764 -0.4992 0.0618 0.2618
Free Cash Flow 1 -120.8 -116.6 103.7 132.7 38.27 591.6
FCF margin -8.31% -6.91% 6.12% 10.02% 2.28% 23.82%
FCF Conversion (EBITDA) - - 69.1% 156.87% 28.4% 93.31%
FCF Conversion (Net income) - - 66.84% - 30.51% 111.32%
Dividend per Share 2 0.0300 0.0200 0.0230 - 0.0190 0.0800
Announcement Date 4/26/18 4/29/19 5/15/20 4/29/21 4/28/22 4/28/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 1,727 1,786 1,426 - - -
Net Cash position 1 - - - 417 274 1,254
Leverage (Debt/EBITDA) 18.51 x 13.52 x 9.504 x - - -
Free Cash Flow 1 -121 -117 104 133 38.3 592
ROE (net income / shareholders' equity) 11.9% 5.85% 7.88% -63.8% 10.7% 36.4%
ROA (Net income/ Total Assets) 0.76% 1.17% 1.44% 1.15% 2.73% 11.1%
Assets 1 28,801 9,675 10,802 -87,896 4,588 4,786
Book Value Per Share 2 1.000 0.9500 1.000 0.5400 0.6100 0.8000
Cash Flow per Share 2 0.1800 0.1800 0.1700 0.2300 0.2600 0.5800
Capex 1 39.7 10.3 18.4 26.1 75 35.7
Capex / Sales 2.73% 0.61% 1.09% 1.97% 4.46% 1.44%
Announcement Date 4/26/18 4/29/19 5/15/20 4/29/21 4/28/22 4/28/23
1HKD in Million2HKD
Estimates
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