Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 5,386 7,575 21,855 17,593 12,846 8,980 -
Enterprise Value (EV) 1 5,386 7,575 21,855 17,593 12,846 8,980 8,980
P/E ratio 11.6 x 22.8 x 54.6 x 26.9 x -23.6 x 12.4 x 8.53 x
Yield - - - - - - -
Capitalization / Revenue - 4.11 x 8.23 x - 2.23 x 1.14 x 0.91 x
EV / Revenue - 4.11 x 8.23 x - 2.23 x 1.14 x 0.91 x
EV / EBITDA - 14.6 x 36.9 x - -29.2 x 7.22 x 5.4 x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book - 3.64 x 8.62 x - 3.2 x 1.82 x 1.52 x
Nbr of stocks (in thousands) 1,108,548 1,108,548 1,115,073 1,219,224 1,223,471 1,223,471 -
Reference price 2 4.859 6.833 19.60 14.43 10.50 7.340 7.340
Announcement Date 2/28/20 2/5/21 4/26/22 4/24/23 4/27/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 - 1,845 2,656 - 5,761 7,850 9,895
EBITDA 1 - 520.6 592.3 - -439.7 1,244 1,663
EBIT 1 - 400.9 458.7 - -706 828 1,213
Operating Margin - 21.73% 17.27% - -12.25% 10.55% 12.26%
Earnings before Tax (EBT) 1 - 386 459 - -705.2 827 1,210
Net income 1 512.9 330.2 399.1 645.2 -542.7 721 1,057
Net margin - 17.9% 15.02% - -9.42% 9.18% 10.68%
EPS 2 0.4176 0.3000 0.3587 0.5356 -0.4457 0.5900 0.8600
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 2/28/20 2/5/21 4/26/22 4/24/23 4/27/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) - 17.2% 17.4% - -12.3% 14.6% 17.9%
ROA (Net income/ Total Assets) - - - - - 7% 8.8%
Assets 1 - - - - - 10,300 12,011
Book Value Per Share 2 - 1.880 2.270 - 3.280 4.040 4.820
Cash Flow per Share - 0.4000 -0.0800 - - - -
Capex 1 - - - - 1,199 800 700
Capex / Sales - - - - 20.8% 10.19% 7.07%
Announcement Date 2/28/20 2/5/21 4/26/22 4/24/23 4/27/24 - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
7.34 CNY
Average target price
13 CNY
Spread / Average Target
+77.11%
Consensus

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. 300432 Stock
  4. Financials Mianyang Fulin Precision Co.,Ltd.