Financials Hisense Visual Technology Co., Ltd.

Equities

600060

CNE000000PF3

Household Electronics

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
27.85 CNY +2.77% Intraday chart for Hisense Visual Technology Co., Ltd. +3.26% +33.25%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 14,197 15,021 17,285 17,389 26,794 35,704 - -
Enterprise Value (EV) 1 14,197 15,021 17,285 17,389 26,794 35,704 35,704 35,704
P/E ratio 25.5 x 12.6 x 15.5 x 10.5 x 12.9 x 15 x 12.5 x 11.4 x
Yield 1.17% 2.4% 0.65% 4.76% 3.85% 3.34% 3.18% 4.38%
Capitalization / Revenue 0.42 x 0.38 x 0.37 x 0.38 x 0.5 x 0.59 x 0.53 x 0.49 x
EV / Revenue 0.42 x 0.38 x 0.37 x 0.38 x 0.5 x 0.59 x 0.53 x 0.49 x
EV / EBITDA 11.8 x 7.18 x 8.84 x 6.57 x 7.48 x 9.03 x 8.33 x 6.95 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.97 x 0.96 x 1.09 x 1.01 x 1.44 x 1.78 x 1.57 x 1.46 x
Nbr of stocks (in thousands) 1,308,481 1,308,481 1,285,101 1,284,272 1,282,021 1,282,021 - -
Reference price 2 10.85 11.48 13.45 13.54 20.90 27.85 27.85 27.85
Announcement Date 4/30/20 4/26/21 4/29/22 3/30/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 34,105 39,315 46,801 45,738 53,616 60,807 67,799 72,982
EBITDA 1 1,203 2,093 1,955 2,648 3,582 3,954 4,284 5,135
EBIT 1 737.3 1,630 1,609 2,340 2,764 3,202 3,939 4,222
Operating Margin 2.16% 4.15% 3.44% 5.12% 5.16% 5.27% 5.81% 5.79%
Earnings before Tax (EBT) 1 763.5 1,644 1,655 2,347 2,782 3,220 3,953 4,261
Net income 1 556.1 1,195 1,138 1,679 2,096 2,422 2,906 3,181
Net margin 1.63% 3.04% 2.43% 3.67% 3.91% 3.98% 4.29% 4.36%
EPS 2 0.4250 0.9140 0.8660 1.284 1.619 1.855 2.224 2.435
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1270 0.2750 0.0870 0.6440 0.8053 0.9300 0.8850 1.220
Announcement Date 4/30/20 4/26/21 4/29/22 3/30/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1 2022 Q3 2023 S1
Net sales 1 - 12,297 24,875
EBITDA - - -
EBIT - - -
Operating Margin - - -
Earnings before Tax (EBT) - - -
Net income 593.7 - -
Net margin - - -
EPS 0.4550 - -
Dividend per Share - - -
Announcement Date 8/30/22 10/30/22 8/29/23
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 3.87% 7.92% 7.19% 10% 11.4% 11.7% 12.2% 12.2%
ROA (Net income/ Total Assets) 1.9% 3.94% 3.52% 4.87% - 5.07% 5.86% 5.67%
Assets 1 29,344 30,365 32,359 34,514 - 47,772 49,615 56,095
Book Value Per Share 2 11.10 11.90 12.30 13.40 14.50 15.60 17.70 19.10
Cash Flow per Share 2 1.360 0.0900 0.5100 3.830 2.240 2.610 2.280 3.210
Capex 1 221 317 302 263 535 551 497 600
Capex / Sales 0.65% 0.81% 0.65% 0.58% 1% 0.91% 0.73% 0.82%
Announcement Date 4/30/20 4/26/21 4/29/22 3/30/23 3/29/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
27.85 CNY
Average target price
30.23 CNY
Spread / Average Target
+8.55%
Consensus

Annual profits - Rate of surprise

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