NINGBO HUAXIANG ELECTRONIC CO., LTD. Financials Ningbo Huaxiang Electronic Co., Ltd.
Equities
002048
CNE000001M06
Auto, Truck & Motorcycle Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.92 CNY | +0.14% |
|
+4.11% | +6.99% |
| Apr. 26 | Ningbo Huaxiang Electronic Co., Ltd. Proposes Final Dividend for 2023 | CI |
| Apr. 25 | Ningbo Huaxiang Electronic Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,681 | 9,750 | 13,545 | 11,160 | 10,446 | 11,176 | - |
| Enterprise Value (EV) 1 | 9,681 | 9,750 | 13,545 | 11,160 | 8,339 | 6,407 | 4,867 |
| P/E ratio | 9.85 x | 11.4 x | 10.7 x | 11.2 x | 9.64 x | 8.49 x | 7.05 x |
| Yield | 1.03% | 3.21% | 0.57% | 1.8% | 4.86% | 5.89% | 4.53% |
| Capitalization / Revenue | 0.57 x | 0.58 x | 0.77 x | 0.57 x | 0.45 x | 0.45 x | 0.42 x |
| EV / Revenue | 0.57 x | 0.58 x | 0.77 x | 0.57 x | 0.36 x | 0.26 x | 0.18 x |
| EV / EBITDA | 4.27 x | 4.55 x | 5.27 x | 4.45 x | 2.78 x | 2.11 x | 1.68 x |
| EV / FCF | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - |
| Price to Book | 1.06 x | 0.94 x | 1.25 x | 1.02 x | 0.86 x | 0.88 x | 0.82 x |
| Nbr of stocks (in thousands) | 626,227 | 626,227 | 626,227 | 802,884 | 802,884 | 802,884 | - |
| Reference price 2 | 15.46 | 15.57 | 21.63 | 13.90 | 13.01 | 13.92 | 13.92 |
| Announcement Date | 2/26/20 | 2/25/21 | 4/28/22 | 4/27/23 | 2/26/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 17,093 | 16,892 | 17,588 | 19,626 | 23,109 | 25,088 | 26,800 |
| EBITDA 1 | 2,268 | 2,144 | 2,570 | 2,507 | 2,999 | 3,035 | 2,898 |
| EBIT 1 | 1,483 | 1,298 | 1,685 | 1,506 | 1,756 | 2,087 | 2,355 |
| Operating Margin | 8.67% | 7.68% | 9.58% | 7.67% | 7.6% | 8.32% | 8.79% |
| Earnings before Tax (EBT) 1 | 1,512 | 1,333 | 1,694 | 1,500 | 1,811 | 2,096 | 2,353 |
| Net income 1 | 981.1 | 849.4 | 1,265 | 1,007 | 1,099 | 1,338 | 1,607 |
| Net margin | 5.74% | 5.03% | 7.19% | 5.13% | 4.75% | 5.33% | 6% |
| EPS 2 | 1.570 | 1.360 | 2.020 | 1.240 | 1.350 | 1.640 | 1.973 |
| Free Cash Flow | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1600 | 0.5000 | 0.1230 | 0.2500 | 0.6320 | 0.8200 | 0.6300 |
| Announcement Date | 2/26/20 | 2/25/21 | 4/28/22 | 4/27/23 | 2/26/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 6,197 | - | 5,684 | 4,990 | 7,311 | 6,950 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income | 512.4 | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - |
| EPS 2 | 0.6300 | 0.4000 | 0.3200 | 0.2744 | 0.3600 | 0.5300 | 0.5300 |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 8/23/23 | 10/26/23 | 2/26/24 | 4/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | - | - | 2,106 | 4,769 | 6,309 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 11.4% | 8.71% | 11.9% | 9.27% | 8.3% | 10.6% | 11.5% |
| ROA (Net income/ Total Assets) | 5.88% | 4.69% | 6.18% | 4.5% | 4.37% | 5% | 5.37% |
| Assets 1 | 16,697 | 18,119 | 20,450 | 22,394 | 25,120 | 26,760 | 29,942 |
| Book Value Per Share 2 | 14.60 | 16.50 | 17.30 | 13.60 | 15.10 | 15.80 | 17.00 |
| Cash Flow per Share 2 | 3.210 | 4.580 | 3.620 | 2.210 | 3.710 | 4.780 | 3.020 |
| Capex 1 | 648 | 671 | 893 | 1,327 | 2,170 | 1,547 | 600 |
| Capex / Sales | 3.79% | 3.97% | 5.08% | 6.76% | 9.39% | 6.17% | 2.24% |
| Announcement Date | 2/26/20 | 2/25/21 | 4/28/22 | 4/27/23 | 2/26/24 | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
13.92
CNY
Average target price
17.43
CNY
Spread / Average Target
+25.24%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.99% | 1.54B | |
| +1.71% | 5.26B | |
| +14.39% | 3.02B | |
| -17.85% | 2.73B | |
| +3.49% | 2.65B | |
| -1.48% | 2.31B | |
| +28.76% | 1.78B | |
| +45.03% | 1.74B | |
| -24.50% | 1.42B | |
| +34.35% | 1B |
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