YANG GUANG CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.8 CNY | +1.69% |
|
+5.88% | -37.50% |
| Apr. 26 | Yang Guang Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Mar. 22 | Yang Guang Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,675 | 3,697 | 2,347 | 2,287 | 2,527 | 2,160 |
| Enterprise Value (EV) 1 | 5,428 | 4,957 | 3,342 | 3,220 | 3,354 | 2,845 |
| P/E ratio | 321 x | -44.8 x | 22.4 x | 35.6 x | -6.58 x | -9.29 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 12.7 x | 15.2 x | 4.12 x | 4.03 x | 6.63 x | 6.72 x |
| EV / Revenue | 18.8 x | 20.4 x | 5.86 x | 5.67 x | 8.8 x | 8.86 x |
| EV / EBITDA | 140 x | 247 x | 18.2 x | 13.7 x | 30.9 x | 31.9 x |
| EV / FCF | -11.6 x | 24.8 x | 4 x | 109 x | 133 x | -83 x |
| FCF Yield | -8.63% | 4.03% | 25% | 0.92% | 0.75% | -1.2% |
| Price to Book | 1.24 x | 1.28 x | 0.75 x | 0.72 x | 0.94 x | 0.89 x |
| Nbr of stocks (in thousands) | 749,913 | 749,913 | 749,913 | 749,913 | 749,913 | 749,913 |
| Reference price 2 | 4.900 | 4.930 | 3.130 | 3.050 | 3.370 | 2.880 |
| Announcement Date | 3/15/19 | 4/20/20 | 3/30/21 | 3/18/22 | 3/17/23 | 3/22/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 288.8 | 242.8 | 570.2 | 567.6 | 381.2 | 321.3 |
| EBITDA 1 | 38.82 | 20.08 | 184.1 | 234.2 | 108.6 | 89.33 |
| EBIT 1 | 37.15 | 18.76 | 183.4 | 230.4 | 105.1 | 86.46 |
| Operating Margin | 12.86% | 7.73% | 32.17% | 40.59% | 27.58% | 26.91% |
| Earnings before Tax (EBT) 1 | 152.8 | -35.9 | 146.2 | 134.4 | -458.7 | -249.8 |
| Net income 1 | 11.46 | -81.76 | 107.3 | 64.27 | -384.2 | -234.8 |
| Net margin | 3.97% | -33.68% | 18.83% | 11.32% | -100.78% | -73.09% |
| EPS 2 | 0.0153 | -0.1100 | 0.1400 | 0.0857 | -0.5123 | -0.3100 |
| Free Cash Flow 1 | -468.6 | 199.5 | 834.8 | 29.47 | 25.16 | -34.27 |
| FCF margin | -162.22% | 82.19% | 146.42% | 5.19% | 6.6% | -10.67% |
| FCF Conversion (EBITDA) | - | 993.55% | 453.47% | 12.58% | 23.17% | - |
| FCF Conversion (Net income) | - | - | 777.74% | 45.85% | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/15/19 | 4/20/20 | 3/30/21 | 3/18/22 | 3/17/23 | 3/22/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,754 | 1,260 | 995 | 933 | 826 | 686 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 45.19 x | 62.76 x | 5.405 x | 3.982 x | 7.61 x | 7.675 x |
| Free Cash Flow 1 | -469 | 200 | 835 | 29.5 | 25.2 | -34.3 |
| ROE (net income / shareholders' equity) | 2.29% | -1.81% | 3.23% | 2.27% | -11.2% | -7.59% |
| ROA (Net income/ Total Assets) | 0.34% | 0.19% | 1.96% | 2.48% | 1.26% | 1.18% |
| Assets 1 | 3,407 | -43,123 | 5,480 | 2,591 | -30,590 | -19,945 |
| Book Value Per Share 2 | 3.970 | 3.850 | 4.190 | 4.210 | 3.590 | 3.240 |
| Cash Flow per Share 2 | 0.2600 | 0.1000 | 0.3100 | 0.1600 | 0.0700 | 0.1100 |
| Capex 1 | 0.61 | 0.06 | 0.54 | 3.93 | 1.39 | 1.66 |
| Capex / Sales | 0.21% | 0.02% | 0.09% | 0.69% | 0.37% | 0.52% |
| Announcement Date | 3/15/19 | 4/20/20 | 3/30/21 | 3/18/22 | 3/17/23 | 3/22/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -37.50% | 186M | |
| +36.16% | 27.94B | |
| -13.91% | 26.97B | |
| +21.99% | 26.95B | |
| +2.14% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +5.52% | 19.52B | |
| +28.54% | 16.23B | |
| -14.54% | 14.98B |
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