Financials Hangzhou XZB Tech Co., Ltd

Equities

603040

CNE100002YY1

Auto, Truck & Motorcycle Parts

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
20.82 CNY +1.31% Intraday chart for Hangzhou XZB Tech Co., Ltd +8.38% -20.38%

Valuation

Fiscal Period: December 2018 2019 2020 2022 2023 2024 2025
Capitalization 1 2,111 2,768 2,895 2,292 2,813 2,813 -
Enterprise Value (EV) 1 2,111 2,768 2,895 2,292 3,533 2,813 2,813
P/E ratio 20.3 x 21.1 x 19.5 x 14.6 x 18.9 x 11.7 x 10 x
Yield - - - - 1.53% 2.04% 2.23%
Capitalization / Revenue 7.02 x 8.25 x - - 6.06 x 3.51 x 2.97 x
EV / Revenue 7.02 x 8.25 x - - 6.06 x 3.51 x 2.97 x
EV / EBITDA 14.5 x 15.1 x - - 13.3 x 7.97 x 6.85 x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 3.11 x 3.5 x - - 2.82 x 1.94 x 1.69 x
Nbr of stocks (in thousands) 134,367 134,326 134,298 134,194 135,108 135,108 -
Reference price 2 15.71 20.60 21.55 17.08 20.82 20.82 20.82
Announcement Date 4/22/19 4/22/20 4/26/21 4/27/23 4/26/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 300.9 335.7 - - - 583.3 800.8 948.7
EBITDA 1 145.3 183.2 - - - 266.3 352.9 410.4
EBIT 1 124.7 160.4 - - - 216.5 304.2 358.3
Operating Margin 41.46% 47.8% - - - 37.12% 37.99% 37.76%
Earnings before Tax (EBT) 1 124.6 160.5 - - - 216.6 304.2 358.3
Net income 1 102.6 130.3 148.4 140.8 155.8 184.4 240.2 281.1
Net margin 34.09% 38.81% - - - 31.61% 30% 29.63%
EPS 2 0.7752 0.9763 1.108 - 1.170 1.380 1.777 2.080
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - 0.4000 0.4250 0.4650
Announcement Date 4/22/19 4/22/20 4/26/21 4/28/22 4/27/23 4/26/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 16.4% 17.9% - - - 15.8% 16.5% 16.8%
ROA (Net income/ Total Assets) - - - - - 13.3% 13.7% 13.9%
Assets 1 - - - - - 1,498 1,753 2,023
Book Value Per Share 2 5.050 5.890 - - - 9.270 10.80 12.30
Cash Flow per Share 2 0.7800 0.8700 - - - 2.310 2.000 2.150
Capex 1 - 80.4 - - - 69.4 96.5 91.5
Capex / Sales - 23.95% - - - 11.9% 12.05% 9.64%
Announcement Date 4/22/19 4/22/20 4/26/21 4/28/22 4/27/23 4/26/24 - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
20.82 CNY
Average target price
31.15 CNY
Spread / Average Target
+49.62%
Consensus

Annual profits - Rate of surprise

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