SINOTRUK (HONG KONG) LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 19.56 HKD | +1.35% |
|
-4.12% | +27.68% |
| Mar. 26 | Sinotruk (Hong Kong)'s 2023 Attributable Profit Surges as Revenue Rises | MT |
| Mar. 26 | Sinotruk (Hong Kong) Limited Proposes Final Dividend for the Year Ended 31 December 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 41,009 | 46,011 | 26,996 | 26,530 | 38,445 | 49,979 | - | - |
| Enterprise Value (EV) 1 | 19,898 | 17,116 | 2,200 | 10,616 | 38,445 | 32,474 | 10,554 | 19,331 |
| P/E ratio | 12.3 x | 6.72 x | 6.23 x | 14.8 x | 7.21 x | 8.32 x | 7.37 x | 6.25 x |
| Yield | 2.42% | 5.28% | 5.63% | 3.02% | - | 4.67% | 5.47% | 6.33% |
| Capitalization / Revenue | 0.66 x | 0.47 x | 0.29 x | 0.45 x | 0.45 x | 0.5 x | 0.44 x | 0.4 x |
| EV / Revenue | 0.32 x | 0.17 x | 0.02 x | 0.18 x | 0.45 x | 0.32 x | 0.09 x | 0.15 x |
| EV / EBITDA | 3.08 x | 1.53 x | 0.35 x | 2.42 x | 4.77 x | 3.49 x | 0.96 x | 1.67 x |
| EV / FCF | 2.65 x | 1.06 x | -0.34 x | 1.43 x | - | 6.01 x | 0.61 x | 5.67 x |
| FCF Yield | 37.7% | 94.3% | -297% | 70.2% | - | 16.6% | 165% | 17.7% |
| Price to Book | 1.5 x | 1.43 x | 0.76 x | 0.74 x | - | 1.14 x | 1.07 x | 0.99 x |
| Nbr of stocks (in thousands) | 2,760,993 | 2,760,993 | 2,760,993 | 2,760,993 | 2,760,993 | 2,760,993 | - | - |
| Reference price 2 | 14.85 | 16.66 | 9.778 | 9.609 | 13.92 | 18.10 | 18.10 | 18.10 |
| Announcement Date | 3/31/20 | 3/31/21 | 3/31/22 | 3/30/23 | 3/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 62,227 | 98,198 | 93,357 | 59,291 | 85,498 | 100,802 | 113,359 | 124,834 |
| EBITDA 1 | 6,468 | 11,211 | 6,283 | 4,389 | 8,060 | 9,315 | 10,979 | 11,556 |
| EBIT 1 | 5,671 | 9,598 | 4,840 | 2,379 | 6,487 | 7,559 | 9,205 | 9,804 |
| Operating Margin | 9.11% | 9.77% | 5.18% | 4.01% | 7.59% | 7.5% | 8.12% | 7.85% |
| Earnings before Tax (EBT) 1 | 4,805 | 9,551 | 5,863 | 3,008 | 6,883 | 8,048 | 9,593 | 10,730 |
| Net income 1 | 3,334 | 6,851 | 4,322 | 1,797 | 5,318 | 5,992 | 6,777 | 7,995 |
| Net margin | 5.36% | 6.98% | 4.63% | 3.03% | 6.22% | 5.94% | 5.98% | 6.4% |
| EPS 2 | 1.210 | 2.480 | 1.570 | 0.6500 | 1.930 | 2.176 | 2.455 | 2.896 |
| Free Cash Flow 1 | 7,506 | 16,133 | -6,537 | 7,448 | - | 5,401 | 17,397 | 3,412 |
| FCF margin | 12.06% | 16.43% | -7% | 12.56% | - | 5.36% | 15.35% | 2.73% |
| FCF Conversion (EBITDA) | 116.04% | 143.9% | - | 169.71% | - | 57.98% | 158.46% | 29.53% |
| FCF Conversion (Net income) | 225.15% | 235.5% | - | 414.57% | - | 90.14% | 256.69% | 42.68% |
| Dividend per Share 2 | 0.3600 | 0.8800 | 0.5500 | 0.2900 | - | 0.8458 | 0.9900 | 1.147 |
| Announcement Date | 3/31/20 | 3/31/21 | 3/31/22 | 3/30/23 | 3/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 42,798 | 55,400 | 65,169 | 28,188 | 29,028 |
| EBITDA | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 5,053 | -213.6 | 1,662 |
| Operating Margin | - | - | - | 7.75% | -0.76% | 5.73% |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income 1 | 840.7 | 2,941 | - | - | 699 | 1,283 |
| Net margin | - | 6.87% | - | - | 2.48% | 4.42% |
| EPS 2 | - | 1.070 | 1.410 | 1.310 | 0.2600 | 0.4600 |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/31/20 | 8/28/20 | 3/31/21 | 8/27/21 | 3/31/22 | 8/31/22 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 21,110 | 28,895 | 24,796 | 15,914 | - | 17,505 | 39,425 | 30,648 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 7,506 | 16,133 | -6,537 | 7,448 | - | 5,401 | 17,397 | 3,412 |
| ROE (net income / shareholders' equity) | 15.1% | 23.4% | 12.8% | 5.02% | - | 13.1% | 14.4% | 16% |
| ROA (Net income/ Total Assets) | 6.12% | 7.69% | 3.96% | 1.69% | - | 4.61% | 4.97% | 5.56% |
| Assets 1 | 54,518 | 89,056 | 109,014 | 106,250 | - | 130,077 | 136,401 | 143,859 |
| Book Value Per Share 2 | 9.870 | 11.60 | 12.90 | 13.00 | - | 15.90 | 16.90 | 18.20 |
| Cash Flow per Share 2 | 3.130 | 7.060 | -1.160 | 3.950 | - | 2.750 | 3.980 | 4.220 |
| Capex 1 | 1,128 | 3,359 | 3,326 | 3,447 | - | 2,481 | 2,842 | 2,505 |
| Capex / Sales | 1.81% | 3.42% | 3.56% | 5.81% | - | 2.46% | 2.51% | 2.01% |
| Announcement Date | 3/31/20 | 3/31/21 | 3/31/22 | 3/30/23 | 3/25/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
18.1
CNY
Average target price
22.08
CNY
Spread / Average Target
+21.99%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +27.68% | 6.9B | |
| +8.29% | 52.85B | |
| +5.00% | 3.8B | |
| +22.38% | 2.64B | |
| +32.13% | 2.6B | |
| +6.78% | 2.5B | |
| +8.97% | 1.06B | |
| -11.44% | 1.04B | |
| -26.90% | 695M | |
| -.--% | 659M |
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