ZOOMLION HEAVY INDUSTRY SCIENCE AND TECHNOLOGY CO., LTD. Financials Zoomlion Heavy Industry Science and Technology Co., Ltd.
Equities
000157
CNE000001527
Heavy Machinery & Vehicles
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.62 CNY | +0.94% |
|
-6.41% | +32.01% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 48,484 | 71,695 | 57,206 | 42,352 | 49,743 | 70,218 | - | - |
| Enterprise Value (EV) 1 | 61,798 | 78,776 | 61,138 | 49,007 | 56,363 | 78,928 | 79,255 | 77,476 |
| P/E ratio | 11.5 x | 10.2 x | 9.69 x | 20.1 x | 15.5 x | 16.7 x | 13.4 x | 11.1 x |
| Yield | - | 3.23% | 4.46% | 5.88% | 4.9% | 3.63% | 4.09% | 5.08% |
| Capitalization / Revenue | 1.12 x | 1.1 x | 0.85 x | 1.02 x | 1.06 x | 1.22 x | 1.11 x | 0.94 x |
| EV / Revenue | 1.43 x | 1.21 x | 0.91 x | 1.18 x | 1.2 x | 1.37 x | 1.25 x | 1.04 x |
| EV / EBITDA | 8.88 x | 8.41 x | 7.52 x | 14.3 x | 10.4 x | 12.4 x | 10.5 x | 8.32 x |
| EV / FCF | 12.7 x | 12.8 x | -84.2 x | 49.8 x | 62 x | 95.6 x | 34.2 x | 6.45 x |
| FCF Yield | 7.9% | 7.78% | -1.19% | 2.01% | 1.61% | 1.05% | 2.93% | 15.5% |
| Price to Book | 1.35 x | 1.68 x | 1.09 x | 0.86 x | 1 x | 1.28 x | 1.21 x | 1.15 x |
| Nbr of stocks (in thousands) | 7,433,174 | 7,532,062 | 8,677,864 | 8,418,129 | 8,254,035 | 8,677,992 | - | - |
| Reference price 2 | 6.680 | 9.900 | 7.170 | 5.440 | 6.530 | 8.620 | 8.620 | 8.620 |
| Announcement Date | 3/30/20 | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 43,307 | 65,109 | 67,131 | 41,631 | 47,075 | 57,747 | 63,238 | 74,357 |
| EBITDA 1 | 6,956 | 9,370 | 8,135 | 3,426 | 5,413 | 6,376 | 7,517 | 9,307 |
| EBIT 1 | 6,021 | 8,537 | 7,231 | 2,386 | 4,152 | 5,189 | 6,483 | 7,820 |
| Operating Margin | 13.9% | 13.11% | 10.77% | 5.73% | 8.82% | 8.99% | 10.25% | 10.52% |
| Earnings before Tax (EBT) 1 | 5,044 | 8,652 | 7,324 | 2,471 | 4,228 | 5,372 | 6,763 | 7,976 |
| Net income 1 | 4,381 | 7,281 | 6,270 | 2,306 | 3,506 | 4,485 | 5,647 | 6,729 |
| Net margin | 10.12% | 11.18% | 9.34% | 5.54% | 7.45% | 7.77% | 8.93% | 9.05% |
| EPS 2 | 0.5800 | 0.9700 | 0.7400 | 0.2700 | 0.4200 | 0.5154 | 0.6454 | 0.7749 |
| Free Cash Flow 1 | 4,883 | 6,131 | -726 | 983.9 | 909.7 | 826 | 2,320 | 12,008 |
| FCF margin | 11.27% | 9.42% | -1.08% | 2.36% | 1.93% | 1.43% | 3.67% | 16.15% |
| FCF Conversion (EBITDA) | 70.19% | 65.43% | - | 28.72% | 16.8% | 12.96% | 30.86% | 129.02% |
| FCF Conversion (Net income) | 111.45% | 84.21% | - | 42.67% | 25.95% | 18.42% | 41.09% | 178.45% |
| Dividend per Share 2 | - | 0.3200 | 0.3200 | 0.3200 | 0.3200 | 0.3132 | 0.3525 | 0.4380 |
| Announcement Date | 3/30/20 | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 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 | - | 11,978 | 12,703 | 10,012 | 11,288 | - | 9,349 | 10,983 | 10,426 | 13,650 | 11,439 | 11,561 | 11,535 | 12,985 | 8,557 | 14,826 | 12,971 |
| EBITDA 1 | - | 920.4 | 287.6 | 1,152 | - | - | 818.3 | - | - | - | - | - | 1,565 | 1,521 | 546.6 | 1,844 | 1,820 |
| EBIT 1 | - | 887.6 | 563 | 1,026 | 1,013 | - | 508 | -160.9 | 932.8 | 1,496 | 898.3 | 825.9 | 1,201 | 1,157 | 182.5 | 1,480 | 1,435 |
| Operating Margin | - | 7.41% | 4.43% | 10.25% | 8.97% | - | 5.43% | -1.47% | 8.95% | 10.96% | 7.85% | 7.14% | 10.41% | 8.91% | 2.13% | 9.98% | 11.06% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 4,018 | 900.5 | 519.1 | 906.4 | 809.5 | 1,716 | 452.8 | 137.4 | 810.1 | 1,230 | 815 | 651 | 1,000 | 594 | 320.2 | 2,007 | 1,188 |
| Net margin | - | 7.52% | 4.09% | 9.05% | 7.17% | - | 4.84% | 1.25% | 7.77% | 9.01% | 7.12% | 5.63% | 8.67% | 4.57% | 3.74% | 13.54% | 9.16% |
| EPS 2 | 0.5400 | 0.1100 | 0.0400 | 0.1100 | 0.0900 | - | 0.0500 | 0.0200 | 0.1000 | 0.1500 | 0.0900 | 0.0800 | 0.1300 | 0.1600 | 0.1100 | 0.1000 | 0.1369 |
| Dividend per Share 2 | - | - | 0.3200 | - | - | - | - | 0.3200 | - | - | - | - | - | - | - | 0.1808 | - |
| Announcement Date | 8/21/20 | 10/28/21 | 3/30/22 | 4/26/22 | 8/30/22 | 8/30/22 | 10/28/22 | 3/30/23 | 4/27/23 | 8/30/23 | 10/30/23 | 3/28/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 13,315 | 9,625 | 3,933 | 6,655 | 6,619 | 8,711 | 9,037 | 7,259 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.914 x | 1.027 x | 0.4835 x | 1.943 x | 1.223 x | 1.366 x | 1.145 x | 0.7799 x |
| Free Cash Flow 1 | 4,883 | 6,131 | -726 | 984 | 910 | 826 | 2,320 | 12,008 |
| ROE (net income / shareholders' equity) | 11.4% | 16.7% | 12.2% | 4.13% | 6.41% | 7.64% | 9.15% | 10.3% |
| ROA (Net income/ Total Assets) | 4.72% | 7.01% | 5.29% | 1.88% | 2.79% | 3.49% | 4.25% | 4.64% |
| Assets 1 | 92,725 | 104,080 | 118,485 | 122,786 | 125,596 | 128,593 | 132,928 | 145,103 |
| Book Value Per Share 2 | 4.940 | 5.890 | 6.550 | 6.310 | 6.500 | 6.720 | 7.150 | 7.490 |
| Cash Flow per Share 2 | 0.7900 | 0.9400 | 0.3100 | 0.2800 | 0.3100 | 0.7200 | 0.8800 | 0.7700 |
| Capex 1 | 1,337 | 1,101 | 2,915 | 1,441 | 1,803 | 1,994 | 2,028 | 2,133 |
| Capex / Sales | 3.09% | 1.69% | 4.34% | 3.46% | 3.83% | 3.45% | 3.15% | 2.87% |
| Announcement Date | 3/30/20 | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 | - | - | - |
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+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
8.62
CNY
Average target price
8.329
CNY
Spread / Average Target
-3.38%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +32.01% | 9.69B | |
| +16.14% | 171B | |
| +16.49% | 18.7B | |
| +26.19% | 11.12B | |
| +3.17% | 3.78B | |
| -0.76% | 2.9B | |
| +58.46% | 2.88B | |
| +84.29% | 2.18B | |
| +37.22% | 1.78B | |
| +67.00% | 1.71B |
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- Financials Zoomlion Heavy Industry Science and Technology Co., Ltd.
