Financials Sinomach Precision Industry Group Co., Ltd.

Equities

002046

CNE000001LY1

Industrial Machinery & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
10.8 CNY +2.47% Intraday chart for Sinomach Precision Industry Group Co., Ltd. +11.23% -6.49%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,330 3,539 5,280 7,802 5,857 6,111
Enterprise Value (EV) 1 3,404 3,735 5,261 7,906 5,933 6,044
P/E ratio 144 x 129 x 84.8 x 61.3 x 24.9 x 23.5 x
Yield 0.22% 0.24% 0.45% 0.69% 1.6% 1.73%
Capitalization / Revenue 1.61 x 1.7 x 2.24 x 2.34 x 1.7 x 2.2 x
EV / Revenue 1.65 x 1.79 x 2.23 x 2.38 x 1.73 x 2.17 x
EV / EBITDA 17.2 x 22.3 x 24.7 x 33.5 x 17.4 x 14.5 x
EV / FCF -13.8 x -30.5 x 30 x -42.5 x 226 x 21.3 x
FCF Yield -7.23% -3.28% 3.33% -2.35% 0.44% 4.69%
Price to Book 1.25 x 1.31 x 1.9 x 2.7 x 1.89 x 1.87 x
Nbr of stocks (in thousands) 524,349 524,349 524,349 524,349 529,129 529,129
Reference price 2 6.350 6.750 10.07 14.88 11.07 11.55
Announcement Date 4/12/19 4/10/20 4/26/21 4/12/22 4/12/23 4/12/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,066 2,085 2,355 3,328 3,436 2,784
EBITDA 1 197.5 167.5 212.8 236.2 341.3 417.3
EBIT 1 106 73.32 109.1 119.3 202.4 274.8
Operating Margin 5.13% 3.52% 4.63% 3.58% 5.89% 9.87%
Earnings before Tax (EBT) 1 82.28 73.63 111.4 159.2 254.2 305.4
Net income 1 22.91 27.51 62.27 127.4 233.3 258.8
Net margin 1.11% 1.32% 2.64% 3.83% 6.79% 9.3%
EPS 2 0.0441 0.0525 0.1188 0.2429 0.4440 0.4920
Free Cash Flow 1 -246.1 -122.3 175.4 -186 26.28 283.4
FCF margin -11.91% -5.87% 7.45% -5.59% 0.76% 10.18%
FCF Conversion (EBITDA) - - 82.42% - 7.7% 67.91%
FCF Conversion (Net income) - - 281.71% - 11.26% 109.5%
Dividend per Share 2 0.0140 0.0160 0.0450 0.1020 0.1770 0.2000
Announcement Date 4/12/19 4/10/20 4/26/21 4/12/22 4/12/23 4/12/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 74.4 195 - 103 75.4 -
Net Cash position 1 - - 19.6 - - 67.7
Leverage (Debt/EBITDA) 0.3766 x 1.166 x - 0.4378 x 0.221 x -
Free Cash Flow 1 -246 -122 175 -186 26.3 283
ROE (net income / shareholders' equity) 2.05% 1.94% 3% 4.43% 7.68% 8.23%
ROA (Net income/ Total Assets) 1.59% 1% 1.46% 1.54% 2.49% 3.3%
Assets 1 1,438 2,761 4,271 8,257 9,383 7,849
Book Value Per Share 2 5.070 5.160 5.290 5.500 5.850 6.180
Cash Flow per Share 2 1.950 1.260 1.390 1.160 1.240 1.370
Capex 1 102 172 144 218 225 213
Capex / Sales 4.93% 8.25% 6.12% 6.55% 6.53% 7.66%
Announcement Date 4/12/19 4/10/20 4/26/21 4/12/22 4/12/23 4/12/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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