NINGBO YONGXIN OPTICS CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 74.95 CNY | -0.31% |
|
+1.72% | -24.56% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,795 | 3,993 | 13,378 | 9,171 | 11,045 | 8,332 | - | - |
| Enterprise Value (EV) 1 | 3,795 | 3,993 | 12,793 | 8,938 | 10,267 | 7,465 | 7,851 | 8,332 |
| P/E ratio | - | 24.6 x | 50.9 x | 32.8 x | 46.4 x | 26.3 x | 19.8 x | 15.6 x |
| Yield | - | 1.47% | 0.74% | 1.16% | 0.96% | 1.27% | 1.4% | 1.54% |
| Capitalization / Revenue | 6.62 x | 6.93 x | 16.8 x | 11.1 x | 12.9 x | 7.22 x | 5.26 x | 4.1 x |
| EV / Revenue | 6.62 x | 6.93 x | 16.1 x | 10.8 x | 12 x | 6.47 x | 4.96 x | 4.1 x |
| EV / EBITDA | 21.6 x | 29.5 x | 39.4 x | 26.8 x | 35.8 x | 22.8 x | 17.2 x | 15.2 x |
| EV / FCF | - | - | 65.5 x | 120 x | 75.3 x | 25.1 x | 43.4 x | 33 x |
| FCF Yield | - | - | 1.53% | 0.84% | 1.33% | 3.98% | 2.3% | 3.03% |
| Price to Book | 3.36 x | 3.17 x | 9.06 x | 5.5 x | 6.09 x | 4.01 x | 3.41 x | 2.93 x |
| Nbr of stocks (in thousands) | 109,200 | 110,530 | 110,495 | 110,478 | 111,171 | 111,170 | - | - |
| Reference price 2 | 34.75 | 36.13 | 121.1 | 83.01 | 99.35 | 74.95 | 74.95 | 74.95 |
| Announcement Date | 4/28/20 | 4/13/21 | 3/3/22 | 4/24/23 | 4/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 573 | 576.4 | 795.1 | 829.1 | 854.1 | 1,154 | 1,583 | 2,033 |
| EBITDA 1 | 175.5 | 135.5 | 324.4 | 333.1 | 286.7 | 327.4 | 455.5 | 548.4 |
| EBIT 1 | 159.7 | 184 | 303.1 | 308.8 | 252.4 | 345.1 | 471 | 581 |
| Operating Margin | 27.87% | 31.92% | 38.12% | 37.25% | 29.55% | 29.91% | 29.75% | 28.58% |
| Earnings before Tax (EBT) 1 | - | 186 | 304.5 | 308 | 251.8 | 345.6 | 459.2 | 582.2 |
| Net income 1 | - | 161.7 | 261.5 | 279 | 235.4 | 318.6 | 418.7 | 535.4 |
| Net margin | - | 28.05% | 32.89% | 33.65% | 27.55% | 27.62% | 26.44% | 26.34% |
| EPS 2 | - | 1.470 | 2.380 | 2.530 | 2.140 | 2.853 | 3.778 | 4.818 |
| Free Cash Flow 1 | - | - | 195.3 | 74.74 | 136.4 | 297.5 | 180.7 | 252.7 |
| FCF margin | - | - | 24.56% | 9.01% | 15.97% | 25.78% | 11.41% | 12.43% |
| FCF Conversion (EBITDA) | - | - | 60.19% | 22.43% | 47.58% | 90.84% | 39.67% | 46.08% |
| FCF Conversion (Net income) | - | - | 74.68% | 26.79% | 57.96% | 93.35% | 43.16% | 47.19% |
| Dividend per Share 2 | - | 0.5300 | 0.9000 | 0.9600 | 0.9550 | 0.9500 | 1.052 | 1.153 |
| Announcement Date | 4/28/20 | 4/13/21 | 3/3/22 | 4/24/23 | 4/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 214.1 | - | 221.3 | 417.2 | - | - | - | - | 463.4 | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 53.64 | - | 80.84 | 152.9 | - | - | - | - | 126.9 | - | - | - | - |
| Operating Margin | 25.05% | - | 36.53% | 36.64% | - | - | - | - | 27.38% | - | - | - | - |
| Earnings before Tax (EBT) | 53.81 | - | 80.09 | 152.1 | - | - | - | - | 126.5 | - | - | - | - |
| Net income | 43.59 | - | 80.09 | 142.3 | - | - | - | - | 119.5 | - | - | - | - |
| Net margin | 20.36% | - | 36.19% | 34.1% | - | - | - | - | 25.78% | - | - | - | - |
| EPS 1 | 0.4300 | 0.5600 | 0.7400 | 1.300 | 0.4300 | 0.6200 | 0.5200 | 0.5700 | 1.090 | 0.4100 | 0.5700 | 0.5500 | 0.7400 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/3/22 | 10/30/22 | 4/24/23 | 4/24/23 | 4/24/23 | 8/28/23 | 10/30/23 | 4/26/24 | 4/26/24 | 4/26/24 | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 584 | 233 | 778 | 867 | 481 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 195 | 74.7 | 136 | 297 | 181 | 253 |
| ROE (net income / shareholders' equity) | 12.9% | 13.6% | 19.2% | 17.9% | 13.6% | 15.4% | 17.5% | 18.8% |
| ROA (Net income/ Total Assets) | 11.5% | 11.9% | 16.2% | 14.6% | - | 13.1% | 15% | 15.4% |
| Assets 1 | - | 1,364 | 1,618 | 1,913 | - | 2,429 | 2,800 | 3,487 |
| Book Value Per Share 2 | 10.30 | 11.40 | 13.40 | 15.10 | 16.30 | 18.70 | 22.00 | 25.60 |
| Cash Flow per Share 2 | 1.210 | 1.710 | 1.570 | 1.960 | 1.970 | 2.160 | 2.970 | 2.900 |
| Capex 1 | 84.1 | 57.7 | 72.2 | 141 | 82.6 | 85.2 | 93.4 | 97 |
| Capex / Sales | 14.68% | 10.01% | 9.08% | 17.05% | 9.67% | 7.38% | 5.9% | 4.77% |
| Announcement Date | 4/28/20 | 4/13/21 | 3/3/22 | 4/24/23 | 4/26/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
74.95
CNY
Average target price
95
CNY
Spread / Average Target
+26.75%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -24.56% | 1.16B | |
| +11.06% | 8.32B | |
| -3.44% | 4.71B | |
| -6.68% | 2.89B | |
| +7.25% | 2.2B | |
| -3.83% | 893M | |
| -18.93% | 825M | |
| -8.47% | 794M | |
| -57.05% | 702M | |
| -23.40% | 699M |
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