NINGBO GAOFA AUTOMOTIVE CONTROL SYSTEM CO., LTD. Financials Ningbo Gaofa Automotive Control System Co., Ltd.
Equities
603788
CNE100001V37
Auto, Truck & Motorcycle Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.62 CNY | -1.23% |
|
+5.42% | -8.77% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,325 | 3,689 | 3,105 | 3,185 | 2,378 | 3,330 |
| Enterprise Value (EV) 1 | 2,163 | 2,316 | 1,800 | 1,906 | 1,274 | 2,436 |
| P/E ratio | 15.5 x | 21.2 x | 17.4 x | 22 x | 20.7 x | 20.5 x |
| Yield | 4.15% | 3.63% | 4.31% | 3.5% | 4.69% | - |
| Capitalization / Revenue | 2.58 x | 3.91 x | 3.48 x | 3.38 x | 2.29 x | 2.64 x |
| EV / Revenue | 1.68 x | 2.45 x | 2.02 x | 2.02 x | 1.23 x | 1.93 x |
| EV / EBITDA | 8.07 x | 12.7 x | 10 x | 13.9 x | 10.5 x | 13.1 x |
| EV / FCF | 15.7 x | 7.21 x | 23.8 x | 27.1 x | -12.3 x | -26.2 x |
| FCF Yield | 6.38% | 13.9% | 4.2% | 3.7% | -8.14% | -3.81% |
| Price to Book | 1.74 x | 1.99 x | 1.63 x | 1.65 x | 1.21 x | 1.66 x |
| Nbr of stocks (in thousands) | 230,094 | 223,065 | 223,065 | 223,065 | 223,065 | 223,065 |
| Reference price 2 | 14.45 | 16.54 | 13.92 | 14.28 | 10.66 | 14.93 |
| Announcement Date | 4/27/19 | 4/21/20 | 4/16/21 | 4/18/22 | 4/20/23 | 4/19/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,289 | 944.1 | 891.4 | 942 | 1,037 | 1,263 |
| EBITDA 1 | 268.2 | 182 | 179.1 | 137.3 | 121.1 | 186.6 |
| EBIT 1 | 251 | 164 | 159.6 | 118.1 | 98.79 | 164.9 |
| Operating Margin | 19.47% | 17.37% | 17.91% | 12.54% | 9.52% | 13.05% |
| Earnings before Tax (EBT) 1 | 249.3 | 212.3 | 208.3 | 166.2 | 134.4 | 179.8 |
| Net income 1 | 215.1 | 178.3 | 179.3 | 145.5 | 114.9 | 162.6 |
| Net margin | 16.69% | 18.88% | 20.12% | 15.44% | 11.08% | 12.87% |
| EPS 2 | 0.9348 | 0.7800 | 0.8000 | 0.6500 | 0.5152 | 0.7300 |
| Free Cash Flow 1 | 138.1 | 321.2 | 75.5 | 70.45 | -103.7 | -92.8 |
| FCF margin | 10.71% | 34.03% | 8.47% | 7.48% | -10% | -7.35% |
| FCF Conversion (EBITDA) | 51.49% | 176.49% | 42.16% | 51.32% | - | - |
| FCF Conversion (Net income) | 64.19% | 180.17% | 42.1% | 48.43% | - | - |
| Dividend per Share 2 | 0.6000 | 0.6000 | 0.6000 | 0.5000 | 0.5000 | - |
| Announcement Date | 4/27/19 | 4/21/20 | 4/16/21 | 4/18/22 | 4/20/23 | 4/19/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 1,162 | 1,374 | 1,305 | 1,279 | 1,104 | 895 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 138 | 321 | 75.5 | 70.4 | -104 | -92.8 |
| ROE (net income / shareholders' equity) | 11.4% | 9.43% | 9.53% | 7.58% | 5.9% | 8.16% |
| ROA (Net income/ Total Assets) | 6.93% | 4.63% | 4.5% | 3.27% | 2.71% | 4.26% |
| Assets 1 | 3,105 | 3,850 | 3,986 | 4,444 | 4,246 | 3,816 |
| Book Value Per Share 2 | 8.290 | 8.310 | 8.560 | 8.640 | 8.810 | 9.010 |
| Cash Flow per Share 2 | 1.810 | 4.500 | 4.590 | 4.040 | 2.570 | 2.690 |
| Capex 1 | 29.6 | 30.3 | 21.8 | 19.5 | 182 | 141 |
| Capex / Sales | 2.29% | 3.21% | 2.45% | 2.07% | 17.55% | 11.2% |
| Announcement Date | 4/27/19 | 4/21/20 | 4/16/21 | 4/18/22 | 4/20/23 | 4/19/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -8.77% | 420M | |
| +26.07% | 50.75B | |
| -10.69% | 21.21B | |
| +25.92% | 20.1B | |
| +33.27% | 17.42B | |
| -3.59% | 14.95B | |
| -18.73% | 13.88B | |
| -19.40% | 13.1B | |
| +33.81% | 12.18B | |
| +35.50% | 10.84B |
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- Financials Ningbo Gaofa Automotive Control System Co., Ltd.
