Financials Xingda International Holdings Limited

Equities

1899

KYG9827V1068

Tires & Rubber Products

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
1.46 HKD +2.10% Intraday chart for Xingda International Holdings Limited -1.35% +0.69%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 3,429 3,119 2,969 3,057 2,316 2,302
Enterprise Value (EV) 1 3,625 3,149 4,549 5,651 6,643 8,077
P/E ratio 11.9 x 11.7 x 10.2 x 25.9 x 10.4 x 6.64 x
Yield 5.24% 6.27% 6.91% 6.62% 8.83% 9.66%
Capitalization / Revenue 0.5 x 0.41 x 0.39 x 0.4 x 0.22 x 0.21 x
EV / Revenue 0.53 x 0.42 x 0.6 x 0.74 x 0.62 x 0.75 x
EV / EBITDA 3.83 x 3.58 x 4.9 x 6.69 x 6.32 x 6.8 x
EV / FCF 5.98 x 46 x -12.4 x 100 x -2.46 x -9.4 x
FCF Yield 16.7% 2.17% -8.08% 1% -40.7% -10.6%
Price to Book 0.64 x 0.57 x 0.52 x 0.54 x 0.41 x 0.39 x
Nbr of stocks (in thousands) 1,486,396 1,492,531 1,530,813 1,606,928 1,662,445 1,660,306
Reference price 2 2.307 2.090 1.939 1.902 1.393 1.387
Announcement Date 4/16/18 4/23/19 5/14/20 4/29/21 4/28/22 4/27/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 6,887 7,558 7,583 7,680 10,645 10,812
EBITDA 1 946.5 880.1 927.4 844.7 1,051 1,189
EBIT 1 424.2 357.6 409.9 299.4 455.8 626.1
Operating Margin 6.16% 4.73% 5.41% 3.9% 4.28% 5.79%
Earnings before Tax (EBT) 1 481.5 482.6 540.6 344.4 419 744.6
Net income 1 287.4 263.7 288.8 115 218.9 348.4
Net margin 4.17% 3.49% 3.81% 1.5% 2.06% 3.22%
EPS 2 0.1944 0.1780 0.1899 0.0735 0.1337 0.2088
Free Cash Flow 1 606.7 68.44 -367.6 56.43 -2,701 -859.3
FCF margin 8.81% 0.91% -4.85% 0.73% -25.37% -7.95%
FCF Conversion (EBITDA) 64.11% 7.78% - 6.68% - -
FCF Conversion (Net income) 211.14% 25.96% - 49.07% - -
Dividend per Share 2 0.1210 0.1310 0.1340 0.1260 0.1230 0.1340
Announcement Date 4/16/18 4/23/19 5/14/20 4/29/21 4/28/22 4/27/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 196 29.7 1,580 2,595 4,327 5,774
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.2071 x 0.0338 x 1.704 x 3.072 x 4.117 x 4.858 x
Free Cash Flow 1 607 68.4 -368 56.4 -2,701 -859
ROE (net income / shareholders' equity) 5.15% 4.96% 5.35% 2.3% 4.04% 7.19%
ROA (Net income/ Total Assets) 2.28% 1.78% 1.93% 1.27% 1.61% 1.92%
Assets 1 12,591 14,833 14,988 9,033 13,636 18,169
Book Value Per Share 2 3.610 3.650 3.700 3.520 3.430 3.530
Cash Flow per Share 2 0.5100 0.7400 0.3300 0.5700 0.4300 0.5000
Capex 1 379 635 960 507 1,500 1,806
Capex / Sales 5.5% 8.4% 12.66% 6.6% 14.09% 16.71%
Announcement Date 4/16/18 4/23/19 5/14/20 4/29/21 4/28/22 4/27/23
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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