Financials Yutong Bus Co.,Ltd.

Equities

600066

CNE000000PY4

Auto & Truck Manufacturers

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
25.69 CNY +10.02% Intraday chart for Yutong Bus Co.,Ltd. +5.72% +93.89%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 31,549 37,460 24,938 16,627 29,335 56,876 - -
Enterprise Value (EV) 1 26,830 31,384 19,313 9,599 22,905 50,862 50,095 48,599
P/E ratio 16.8 x 80.6 x 39.4 x 22.1 x 16.2 x 22.1 x 17.6 x 14.6 x
Yield 7.02% 2.96% 4.54% 13.3% 11.3% 5.98% 6.05% 6.36%
Capitalization / Revenue 1.04 x 1.73 x 1.07 x 0.76 x 1.08 x 1.75 x 1.51 x 1.29 x
EV / Revenue 0.88 x 1.45 x 0.83 x 0.44 x 0.85 x 1.56 x 1.33 x 1.1 x
EV / EBITDA 10 x 32.7 x 14.3 x 6.1 x 8.3 x 14.3 x 11.6 x 9.72 x
EV / FCF 5.42 x 11.1 x 390 x 4 x 5.37 x 13 x 9.37 x 17.6 x
FCF Yield 18.4% 8.99% 0.26% 25% 18.6% 7.67% 10.7% 5.67%
Price to Book 1.8 x 2.44 x 1.64 x 1.15 x 2.11 x 4.35 x 4.28 x 4.47 x
Nbr of stocks (in thousands) 2,213,939 2,213,939 2,262,931 2,213,939 2,213,939 2,213,939 - -
Reference price 2 14.25 16.92 11.02 7.510 13.25 25.69 25.69 25.69
Announcement Date 3/30/20 3/29/21 3/28/22 3/27/23 4/1/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 30,479 21,705 23,233 21,799 27,042 32,517 37,756 44,131
EBITDA 1 2,675 961 1,353 1,574 2,761 3,566 4,332 4,999
EBIT 1 2,018 304 535 705.8 2,036 2,707 3,451 4,185
Operating Margin 6.62% 1.4% 2.3% 3.24% 7.53% 8.33% 9.14% 9.48%
Earnings before Tax (EBT) 1 2,084 347.7 543.5 707.8 2,078 2,896 3,643 4,393
Net income 1 1,940 516 613.8 759.1 1,817 2,569 3,225 3,892
Net margin 6.37% 2.38% 2.64% 3.48% 6.72% 7.9% 8.54% 8.82%
EPS 2 0.8500 0.2100 0.2800 0.3400 0.8200 1.160 1.456 1.759
Free Cash Flow 1 4,946 2,822 49.46 2,398 4,267 3,902 5,348 2,755
FCF margin 16.23% 13% 0.21% 11% 15.78% 12% 14.16% 6.24%
FCF Conversion (EBITDA) 184.91% 293.65% 3.66% 152.38% 154.56% 109.42% 123.45% 55.11%
FCF Conversion (Net income) 254.9% 546.88% 8.06% 315.9% 234.82% 151.86% 165.83% 70.79%
Dividend per Share 2 1.000 0.5000 0.5000 1.000 1.500 1.536 1.553 1.635
Announcement Date 3/30/20 3/29/21 3/28/22 3/27/23 4/1/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - 5,857 7,571 - 4,733 4,854 8,685 3,576 7,538 7,837 8,092 6,616 7,878 8,221 10,619 -
EBITDA - 502.2 61.33 - - - - - - - - - - - - -
EBIT 1 - 167.8 301.1 - 50.44 172.3 683.9 147.9 438.5 621.8 827.8 732.8 677 706.4 912.4 -
Operating Margin - 2.87% 3.98% - 1.07% 3.55% 7.87% 4.14% 5.82% 7.93% 10.23% 11.08% 8.59% 8.59% 8.59% -
Earnings before Tax (EBT) 1 - 103.5 355.4 - 46.14 169.1 693.3 153.9 443.5 628.4 852.2 721.1 813.1 848.5 1,096 -
Net income 1 1,257 116.7 352.2 - 50.39 196.1 628.3 120.5 349.8 580.2 766.6 657.1 698.8 729.2 941.8 -
Net margin - 1.99% 4.65% - 1.06% 4.04% 7.23% 3.37% 4.64% 7.4% 9.47% 9.93% 8.87% 8.87% 8.87% -
EPS 2 - 0.0600 0.1700 -0.0500 0.0200 0.0900 0.2800 0.0500 0.1600 0.2600 0.3500 0.3000 0.2844 0.3511 0.4631 -
Dividend per Share 2 - - 0.5000 - - - 1.000 - - - - - - - 1.500 -
Announcement Date 3/30/20 10/26/21 3/28/22 4/26/22 8/22/22 10/26/22 3/27/23 4/25/23 8/2/23 10/26/23 4/1/24 4/25/24 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 4,719 6,076 5,625 7,028 6,430 6,014 6,781 8,277
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 4,946 2,822 49.5 2,398 4,267 3,902 5,348 2,755
ROE (net income / shareholders' equity) 11.3% 3.11% 4.02% 5.15% 13% 18.5% 23.8% 30.7%
ROA (Net income/ Total Assets) 5.29% 1.47% 1.87% - - 7.6% 8.03% 9.05%
Assets 1 36,712 35,006 32,739 - - 33,805 40,187 43,004
Book Value Per Share 2 7.920 6.930 6.730 6.540 6.290 5.910 6.010 5.750
Cash Flow per Share 2 2.410 1.610 0.3300 1.470 2.130 1.620 1.830 1.440
Capex 1 394 747 667 855 450 508 772 731
Capex / Sales 1.29% 3.44% 2.87% 3.92% 1.66% 1.56% 2.04% 1.66%
Announcement Date 3/30/20 3/29/21 3/28/22 3/27/23 4/1/24 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
25.69 CNY
Average target price
26.79 CNY
Spread / Average Target
+4.29%
Consensus
  1. Stock Market
  2. Equities
  3. 600066 Stock
  4. Financials Yutong Bus Co.,Ltd.