Financials Shandong Sacred Sun Power Sources Co.,Ltd

Equities

002580

CNE1000012Q1

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
7.16 CNY -0.56% Intraday chart for Shandong Sacred Sun Power Sources Co.,Ltd +9.65% -17.42%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,792 1,885 2,186 3,713 4,357 3,935
Enterprise Value (EV) 1 1,842 1,845 1,540 3,310 3,720 3,690
P/E ratio 101 x 77.1 x 78.3 x 117 x 32 x 22.8 x
Yield - 0.46% 0.4% - 0.2% 0.66%
Capitalization / Revenue 0.98 x 1.02 x 1.24 x 1.78 x 1.56 x 1.4 x
EV / Revenue 1 x 0.99 x 0.87 x 1.58 x 1.33 x 1.31 x
EV / EBITDA 29.2 x 23.8 x 19.6 x 50 x 25.1 x 17.7 x
EV / FCF -24.3 x 22.2 x 10.3 x -25 x 10,388 x -13.1 x
FCF Yield -4.12% 4.51% 9.68% -4% 0.01% -7.64%
Price to Book 1.51 x 1.56 x 1.66 x 2.14 x 2.34 x 1.95 x
Nbr of stocks (in thousands) 354,057 349,130 349,130 453,869 453,869 453,869
Reference price 2 5.060 5.400 6.260 8.180 9.600 8.670
Announcement Date 4/26/19 4/27/20 3/25/21 4/26/22 4/24/23 4/19/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,836 1,857 1,761 2,091 2,796 2,813
EBITDA 1 63.16 77.38 78.63 66.14 148.3 208.1
EBIT 1 11.51 23.81 42.21 14.84 90.29 149.1
Operating Margin 0.63% 1.28% 2.4% 0.71% 3.23% 5.3%
Earnings before Tax (EBT) 1 18.14 25.56 30.16 33.07 140.8 183.9
Net income 1 16.16 23.59 28.65 33.95 136.2 173.6
Net margin 0.88% 1.27% 1.63% 1.62% 4.87% 6.17%
EPS 2 0.0500 0.0700 0.0800 0.0700 0.3000 0.3800
Free Cash Flow 1 -75.96 83.23 149.1 -132.5 0.3581 -281.8
FCF margin -4.14% 4.48% 8.46% -6.34% 0.01% -10.02%
FCF Conversion (EBITDA) - 107.56% 189.57% - 0.24% -
FCF Conversion (Net income) - 352.8% 520.32% - 0.26% -
Dividend per Share - 0.0250 0.0250 - 0.0190 0.0570
Announcement Date 4/26/19 4/27/20 3/25/21 4/26/22 4/24/23 4/19/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 50.6 - - - - -
Net Cash position 1 - 40.1 646 403 638 245
Leverage (Debt/EBITDA) 0.8016 x - - - - -
Free Cash Flow 1 -76 83.2 149 -133 0.36 -282
ROE (net income / shareholders' equity) 1.47% 1.99% 1.96% 1.97% 7.21% 8.12%
ROA (Net income/ Total Assets) 0.36% 0.78% 1.22% 0.38% 2.03% 3%
Assets 1 4,430 3,031 2,348 9,049 6,716 5,795
Book Value Per Share 2 3.350 3.450 3.770 3.820 4.100 4.450
Cash Flow per Share 2 0.6000 0.9100 1.900 1.300 1.760 1.090
Capex 1 11.3 7.94 34.6 56 325 129
Capex / Sales 0.61% 0.43% 1.96% 2.68% 11.64% 4.57%
Announcement Date 4/26/19 4/27/20 3/25/21 4/26/22 4/24/23 4/19/24
1CNY in Million2CNY
Estimates
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