Financials IKD Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
19.26 ^CNY	-2.63%		+3.05%	-12.22%

Apr. 26	IKD Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 26	IKD Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	11,885	13,342	16,527	15,994	19,685	18,559	-	-
Enterprise Value (EV) ¹	11,885	13,342	16,527	15,994	19,685	18,559	18,559	18,559
P/E ratio	26.8 x	31.8 x	53.6 x	25.6 x	23.6 x	15.8 x	12.4 x	10.2 x
Yield	-	1.6%	1.04%	1.26%	1.32%	1.92%	2.61%	3.06%
Capitalization / Revenue	4.52 x	5.15 x	5.16 x	3.75 x	3.3 x	2.47 x	1.96 x	1.57 x
EV / Revenue	4.52 x	5.15 x	5.16 x	3.75 x	3.3 x	2.47 x	1.96 x	1.57 x
EV / EBITDA	15.1 x	16.5 x	22.8 x	12.9 x	10.8 x	8.03 x	8.16 x	5.68 x
EV / FCF	-	-	-	-22.1 x	-34.8 x	44.8 x	37.2 x	-
FCF Yield	-	-	-	-4.53%	-2.87%	2.23%	2.69%	-
Price to Book	2.93 x	3.07 x	3.64 x	3.04 x	3.17 x	2.19 x	2.14 x	1.7 x
Nbr of stocks (in thousands)	852,564	855,285	857,186	878,319	897,222	963,594	-	-
Reference price ²	13.94	15.60	19.28	18.21	21.94	19.26	19.26	19.26
Announcement Date	4/14/20	3/25/21	3/17/22	3/22/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,627	2,591	3,206	4,265	5,957	7,505	9,486	11,858
EBITDA ¹	786	807	726	1,244	1,821	2,312	2,276	3,268
EBIT ¹	535	474.6	340.4	741.1	1,065	1,316	1,616	2,097
Operating Margin	20.37%	18.32%	10.62%	17.37%	17.87%	17.54%	17.03%	17.68%
Earnings before Tax (EBT) ¹	558.7	490.4	348.9	742.1	1,065	1,320	1,619	2,102
Net income ¹	439.4	425.9	309.9	648.5	913.4	1,147	1,414	1,814
Net margin	16.73%	16.44%	9.67%	15.21%	15.33%	15.28%	14.91%	15.3%
EPS ²	0.5200	0.4900	0.3600	0.7100	0.9300	1.220	1.558	1.880
Free Cash Flow ¹	-	-	-	-724.1	-565.1	414	499	-
FCF margin	-	-	-	-16.98%	-9.49%	5.52%	5.26%	-
FCF Conversion (EBITDA)	-	-	-	-	-	17.91%	21.93%	-
FCF Conversion (Net income)	-	-	-	-	-	36.09%	35.29%	-
Dividend per Share ²	-	0.2500	0.2000	0.2300	0.2900	0.3700	0.5033	0.5900
Announcement Date	4/14/20	3/25/21	3/17/22	3/22/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	-724	-565	414	499	-
ROE (net income / shareholders' equity)	11.2%	10.2%	6.94%	13.5%	15%	13.6%	17.6%	16.6%
ROA (Net income/ Total Assets)	-	7.78%	5.07%	7.86%	7.9%	8.45%	9.39%	10.3%
Assets ¹	-	5,477	6,114	8,248	11,555	13,579	15,060	17,578
Book Value Per Share ²	4.760	5.080	5.290	5.990	6.920	8.780	8.990	11.40
Cash Flow per Share ²	1.110	0.8600	0.5600	0.7300	1.460	1.290	1.560	2.400
Capex ¹	381	479	1,083	1,371	1,871	1,469	939	1,227
Capex / Sales	14.51%	18.5%	33.78%	32.15%	31.41%	19.57%	9.9%	10.35%
Announcement Date	4/14/20	3/25/21	3/17/22	3/22/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

19.26 CNY

Average target price

27.11 CNY

Spread / Average Target

+40.74%

	1st Jan change	Capi.
IKD CO., LTD.	-12.22%	2.56B
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HYUNDAI MOBIS CO.,LTD	-4.64%	15.13B
MAGNA INTERNATIONAL INC.	-18.39%	13.41B
CONTINENTAL AG	-19.97%	13.26B
SUMITOMO ELECTRIC INDUSTRIES, LTD.	+33.81%	12.25B
SAMVARDHANA MOTHERSON INTERNATIONAL LIMITED	+28.63%	10.66B