Financials Sunwoda Electronic Co.,Ltd

Equities

300207

CNE100001260

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
14.95 CNY +9.20% Intraday chart for Sunwoda Electronic Co.,Ltd +9.04% +1.29%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 29,883 47,850 71,760 39,034 27,237 27,588 - -
Enterprise Value (EV) 1 32,693 53,766 74,468 35,104 26,828 28,439 30,474 23,005
P/E ratio 39.8 x 59.1 x 74 x 34.1 x 25.4 x 19.7 x 14.3 x 13.3 x
Yield 0.36% 0.23% 0.17% 0.38% 0.81% 0.85% 1.05% 1.3%
Capitalization / Revenue 1.18 x 1.61 x 1.92 x 0.75 x 0.57 x 0.48 x 0.4 x 0.33 x
EV / Revenue 1.3 x 1.81 x 1.99 x 0.67 x 0.56 x 0.5 x 0.44 x 0.27 x
EV / EBITDA 23.9 x 32.7 x 36.4 x 18.4 x 12.1 x 6.73 x 6.2 x 4.11 x
EV / FCF - - -36.8 x -4.13 x -12.4 x 19.6 x 12.6 x 6.27 x
FCF Yield - - -2.71% -24.2% -8.05% 5.1% 7.97% 15.9%
Price to Book 5.24 x 7.17 x 5.56 x 1.96 x 1.19 x 1.14 x 1.1 x 1.01 x
Nbr of stocks (in thousands) 1,530,885 1,558,116 1,702,094 1,845,559 1,845,354 1,845,354 - -
Reference price 2 19.52 30.71 42.16 21.15 14.76 14.95 14.95 14.95
Announcement Date 2/28/20 3/15/21 4/12/22 4/26/23 4/10/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 25,241 29,692 37,359 52,162 47,862 57,425 68,812 83,831
EBITDA 1 1,365 1,642 2,044 1,912 2,214 4,228 4,916 5,592
EBIT 1 809.2 977.3 987.4 420.3 169.1 995.8 1,708 2,430
Operating Margin 3.21% 3.29% 2.64% 0.81% 0.35% 1.73% 2.48% 2.9%
Earnings before Tax (EBT) 1 814.2 967.3 1,018 439.5 168.3 947.8 1,753 2,326
Net income 1 751 802 915.7 1,064 1,076 1,414 1,945 2,072
Net margin 2.98% 2.7% 2.45% 2.04% 2.25% 2.46% 2.83% 2.47%
EPS 2 0.4900 0.5200 0.5700 0.6200 0.5800 0.7600 1.042 1.120
Free Cash Flow 1 - - -2,022 -8,502 -2,161 1,451 2,428 3,667
FCF margin - - -5.41% -16.3% -4.51% 2.53% 3.53% 4.37%
FCF Conversion (EBITDA) - - - - - 34.32% 49.39% 65.58%
FCF Conversion (Net income) - - - - - 102.6% 124.84% 177.01%
Dividend per Share 2 0.0700 0.0700 0.0700 0.0800 0.1200 0.1274 0.1563 0.1950
Announcement Date 2/28/20 3/15/21 4/12/22 4/26/23 4/10/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S2 2022 Q1 2022 Q2 2022 S1 2022 S2 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 18,183 - - - 30,444 - 12,083 13,543 10,975 12,563 15,908 17,294
EBITDA 1 - - - - - - - - - 920.8 1,193 1,371
EBIT 887.4 - - - 87.33 - 175.8 -47.78 43.44 - - -
Operating Margin 4.88% - - - 0.29% - 1.45% -0.35% 0.4% - - -
Earnings before Tax (EBT) 1 888.6 - - - 102.4 - 173.3 -48.19 53.57 350.1 591.2 755.2
Net income 1 796.1 94.92 277.1 372 691.7 603.2 365.2 272.5 318.7 368.2 598.2 762.2
Net margin 4.38% - - - 2.27% - 3.02% 2.01% 2.9% 2.93% 3.76% 4.41%
EPS 2 0.5200 0.0500 - - 0.4000 - 0.1900 0.1500 0.1700 0.1916 0.3112 0.3966
Dividend per Share 2 - - - - - - - - - - - 0.1352
Announcement Date 3/15/21 4/26/22 8/25/22 8/25/22 4/26/23 8/28/23 10/26/23 4/10/24 4/25/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,810 5,916 2,708 - - 851 2,886 -
Net Cash position 1 - - - 3,930 410 - - 4,583
Leverage (Debt/EBITDA) 2.058 x 3.603 x 1.325 x - - 0.2013 x 0.587 x -
Free Cash Flow 1 - - -2,022 -8,502 -2,161 1,451 2,428 3,667
ROE (net income / shareholders' equity) 13.4% 12.7% 11.1% 6.96% 4.93% 5.66% 7.4% 6.9%
ROA (Net income/ Total Assets) - 2.96% 3.1% 1.82% - 1.7% 2.02% 2.03%
Assets 1 - 27,130 29,560 58,562 - 83,188 96,374 102,053
Book Value Per Share 2 3.730 4.280 7.580 10.80 12.40 13.10 13.60 14.80
Cash Flow per Share 2 0.4800 0.1600 0.9500 0.3000 1.940 1.700 2.850 4.430
Capex 1 3,079 3,347 3,656 9,061 5,779 3,487 3,241 1,945
Capex / Sales 12.2% 11.27% 9.79% 17.37% 12.07% 6.07% 4.71% 2.32%
Announcement Date 2/28/20 3/15/21 4/12/22 4/26/23 4/10/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
14.95 CNY
Average target price
19.5 CNY
Spread / Average Target
+30.43%
Consensus
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