ZHEJIANG AKCOME NEW ENERGY TECHNOLOGY CO.,LTD. Financials Zhejiang Akcome New Energy Technology Co.,Ltd.
Equities
002610
CNE1000016H1
Renewable Energy Equipment & Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.76 CNY | +2.92% |
|
+4.14% | -18.52% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 7,049 | 7,227 | 14,765 | 21,054 | 12,730 | 9,648 |
| Enterprise Value (EV) 1 | 11,303 | 10,951 | 17,327 | 23,070 | 13,662 | 11,411 |
| P/E ratio | 56.1 x | -4.47 x | 671 x | -51.9 x | -15.3 x | -11.7 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.46 x | 1.41 x | 4.9 x | 8.32 x | 1.9 x | 2.07 x |
| EV / Revenue | 2.33 x | 2.14 x | 5.74 x | 9.11 x | 2.04 x | 2.45 x |
| EV / EBITDA | 13.2 x | 23.7 x | 46.8 x | -133 x | -40.8 x | 185 x |
| EV / FCF | -4.24 x | 21 x | -21.4 x | 63.4 x | 11.5 x | -58.2 x |
| FCF Yield | -23.6% | 4.77% | -4.68% | 1.58% | 8.7% | -1.72% |
| Price to Book | 1.2 x | 1.76 x | 3.6 x | 5.78 x | 4.45 x | 4.71 x |
| Nbr of stocks (in thousands) | 4,489,969 | 4,489,121 | 4,487,969 | 4,479,533 | 4,466,822 | 4,466,822 |
| Reference price 2 | 1.570 | 1.610 | 3.290 | 4.700 | 2.850 | 2.160 |
| Announcement Date | 4/22/19 | 4/29/20 | 4/29/21 | 4/13/22 | 4/24/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 4,843 | 5,126 | 3,016 | 2,531 | 6,691 | 4,662 |
| EBITDA 1 | 858 | 461.2 | 370.2 | -172.9 | -335.1 | 61.68 |
| EBIT 1 | 417.3 | 184.1 | 132.1 | -303.7 | -506.9 | -124.1 |
| Operating Margin | 8.62% | 3.59% | 4.38% | -12% | -7.58% | -2.66% |
| Earnings before Tax (EBT) 1 | 157.4 | -1,638 | -36.7 | -519.8 | -912.5 | -948.2 |
| Net income 1 | 125.3 | -1,612 | 22.08 | -406 | -833.7 | -826.4 |
| Net margin | 2.59% | -31.44% | 0.73% | -16.04% | -12.46% | -17.73% |
| EPS 2 | 0.0280 | -0.3600 | 0.004900 | -0.0906 | -0.1861 | -0.1845 |
| Free Cash Flow 1 | -2,664 | 522.5 | -810.9 | 364.1 | 1,188 | -196 |
| FCF margin | -55.02% | 10.19% | -26.88% | 14.39% | 17.76% | -4.2% |
| FCF Conversion (EBITDA) | - | 113.28% | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/22/19 | 4/29/20 | 4/29/21 | 4/13/22 | 4/24/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 4,253 | 3,723 | 2,562 | 2,017 | 932 | 1,763 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.957 x | 8.073 x | 6.921 x | -11.66 x | -2.781 x | 28.58 x |
| Free Cash Flow 1 | -2,664 | 522 | -811 | 364 | 1,188 | -196 |
| ROE (net income / shareholders' equity) | 2.35% | -33.3% | 0.72% | -10.5% | -23.7% | -32.4% |
| ROA (Net income/ Total Assets) | 1.68% | 0.89% | 0.78% | -2.01% | -3.07% | -0.71% |
| Assets 1 | 7,482 | -181,233 | 2,839 | 20,178 | 27,178 | 117,142 |
| Book Value Per Share 2 | 1.310 | 0.9100 | 0.9100 | 0.8100 | 0.6400 | 0.4600 |
| Cash Flow per Share 2 | 0.4600 | 0.3200 | 0.1400 | 0.2600 | 0.6700 | 0.3700 |
| Capex 1 | 913 | 713 | 385 | 371 | 274 | 289 |
| Capex / Sales | 18.85% | 13.9% | 12.75% | 14.68% | 4.09% | 6.2% |
| Announcement Date | 4/22/19 | 4/29/20 | 4/29/21 | 4/13/22 | 4/24/23 | 4/26/24 |
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. | |
|---|---|---|
| -18.52% | 1.09B | |
| -20.52% | 19.89B | |
| +2.33% | 19.35B | |
| -17.69% | 15.49B | |
| -13.30% | 13.99B | |
| -14.56% | 10.43B | |
| +44.31% | 8.11B | |
| -17.35% | 7.54B | |
| -31.37% | 6.87B | |
| +19.74% | 6.34B |
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