Financials Changzhou Xiangming Intelligent Drive System Corporation

Equities

301226

CNE1000058Q4

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-05-26 pm EDT 5-day change 1st Jan Change
16.59 CNY +2.22% Intraday chart for Changzhou Xiangming Intelligent Drive System Corporation -2.87% -27.33%

Valuation

Fiscal Period: December 2022 2023
Capitalization 1 1,961 2,484
Enterprise Value (EV) 1 1,512 2,137
P/E ratio 28.3 x 60.1 x
Yield 2.08% 1.01%
Capitalization / Revenue 3.05 x 4.27 x
EV / Revenue 2.35 x 3.67 x
EV / EBITDA 20.5 x 37.3 x
EV / FCF -46,910,644 x -71,958,894 x
FCF Yield -0% -0%
Price to Book 2.17 x 2.75 x
Nbr of stocks (in thousands) 108,800 108,800
Reference price 2 18.02 22.83
Announcement Date 3/31/23 4/25/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023
Net sales 1 550.8 734.9 642.7 581.8
EBITDA 1 77.08 80.83 73.78 57.21
EBIT 1 65.58 68.04 58.24 36.58
Operating Margin 11.91% 9.26% 9.06% 6.29%
Earnings before Tax (EBT) 1 67.71 69.05 71.08 44.69
Net income 1 59.65 62.46 64.74 41.04
Net margin 10.83% 8.5% 10.07% 7.05%
EPS 2 0.7313 0.7625 0.6375 0.3800
Free Cash Flow - 0.3874 -32.23 -29.69
FCF margin - 0.05% -5.01% -5.1%
FCF Conversion (EBITDA) - 0.48% - -
FCF Conversion (Net income) - 0.62% - -
Dividend per Share - 0.3938 0.3750 0.2300
Announcement Date 4/27/22 4/27/22 3/31/23 4/25/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023
Net Debt 1 - - - -
Net Cash position 1 64.4 50.3 449 347
Leverage (Debt/EBITDA) - - - -
Free Cash Flow - 0.39 -32.2 -29.7
ROE (net income / shareholders' equity) - 15.1% 9.61% 4.54%
ROA (Net income/ Total Assets) - 7.1% 4.2% 2.16%
Assets 1 - 879.6 1,540 1,901
Book Value Per Share 2 4.680 5.440 8.310 8.310
Cash Flow per Share 2 0.5400 0.4500 1.950 1.060
Capex 1 19.9 25.9 80.8 62.9
Capex / Sales 3.61% 3.53% 12.57% 10.8%
Announcement Date 4/27/22 4/27/22 3/31/23 4/25/24
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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