Financials Shenzhen Sunnypol Optoelectronics Co.,Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
25.29 ^CNY	-2.77%		+1.12%	-31.22%

Apr. 12	Shenzhen Sunnypol Optoelectronics Co.,Ltd. Proposes Final Cash Dividend for 2023	CI
Apr. 10	Shenzhen Sunnypol Optoelectronics Co.,Ltd. agreed to acquire remaining 1.47% stake in Hefei Sunnypol Optoelectronics Technology Co., Ltd. from Hefei Industrial Investment Holding Co., Ltd. for CNY 35 million.	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	2,557	5,075	6,114	10,734	6,329	4,398	4,398	-
Enterprise Value (EV) ¹	2,913	5,075	6,114	10,734	6,329	6,394	4,398	4,398
P/E ratio	91.3 x	97.6 x	47.6 x	32.2 x	30.6 x	147 x	13.1 x	9.33 x
Yield	0.13%	-	-	-	0.55%	-	-	-
Capitalization / Revenue	2.9 x	3.5 x	3.21 x	4.66 x	2.91 x	3.09 x	1.26 x	0.98 x
EV / Revenue	2.9 x	3.5 x	3.21 x	4.66 x	2.91 x	3.09 x	1.26 x	0.98 x
EV / EBITDA	38.7 x	45.6 x	-	-	18.5 x	44 x	7.62 x	5.77 x
EV / FCF	-	-	-	-	41,440,004 x	-	-	-
FCF Yield	-	-	-	-	0%	-	-	-
Price to Book	2.9 x	5.46 x	3.33 x	-	2.72 x	2.74 x	1.63 x	1.41 x
Nbr of stocks (in thousands)	145,600	145,600	174,720	171,797	173,885	173,885	173,885	-
Reference price ²	17.56	34.86	34.99	62.48	36.40	25.29	25.29	25.29
Announcement Date	2/27/19	2/23/20	1/20/21	3/17/22	3/27/23	4/11/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	883	1,451	1,905	2,304	2,174	2,068	3,487	4,483
EBITDA ¹	66.04	111.3	-	-	342	145.2	576.9	762.4
EBIT ¹	28.74	67.55	130.6	-	235.6	23.72	369	504.9
Operating Margin	3.26%	4.66%	6.86%	-	10.84%	1.15%	10.58%	11.26%
Earnings before Tax (EBT) ¹	28.62	69.19	128.6	-	239.4	22.32	371	520.7
Net income ¹	27.7	51.73	117.8	-	206.4	42.8	337	471.3
Net margin	3.14%	3.57%	6.19%	-	9.5%	2.07%	9.66%	10.51%
EPS ²	0.1923	0.3571	0.7357	1.940	1.190	0.2500	1.935	2.710
Free Cash Flow	-	-	-	-	152.7	-	-	-
FCF margin	-	-	-	-	7.03%	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	44.66%	-	-	-
FCF Conversion (Net income)	-	-	-	-	73.99%	-	-	-
Dividend per Share	0.0220	-	-	-	0.2000	-	-	-
Announcement Date	2/27/19	2/23/20	1/20/21	3/17/22	3/27/23	4/11/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	356	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	5.388 x	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	153	-	-	-
ROE (net income / shareholders' equity)	3.16%	5.66%	7.91%	-	9.25%	1.84%	12.5%	15.2%
ROA (Net income/ Total Assets)	-	2.31%	-	-	5.39%	2%	5%	6.9%
Assets ¹	-	2,242	-	-	3,830	5,381	6,740	6,830
Book Value Per Share ²	6.050	6.380	10.50	-	13.40	13.40	15.50	17.90
Cash Flow per Share ²	-0.6000	-0.4100	0.9200	-	2.320	0.2400	3.080	-1.130
Capex ¹	-	350	-	-	252	679	700	700
Capex / Sales	-	24.15%	-	-	11.57%	32.83%	20.07%	15.62%
Announcement Date	2/27/19	2/23/20	1/20/21	3/17/22	3/27/23	4/11/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

25.29 CNY

Average target price

45.14 CNY

Spread / Average Target

+78.49%

	1st Jan change	Capi.
SHENZHEN SUNNYPOL OPTOELECTRONICS CO.,LTD.	-31.22%	608M
KEYENCE CORPORATION	+11.65%	110B
HEXAGON AB	-4.18%	28.8B
BOE TECHNOLOGY GROUP COMPANY LIMITED	+11.79%	22.19B
TELEDYNE TECHNOLOGIES INCORPORATED	-13.66%	18.27B
KYOCERA CORPORATION	-7.70%	17.5B
ZEBRA TECHNOLOGIES CORPORATION	+13.27%	15.92B
FLEX LTD.	-8.40%	11.75B
HALMA PLC	-1.88%	10.61B
HUIZHOU DESAY SV AUTOMOTIVE CO., LTD.	-2.81%	9.65B