Financials China Harmony Auto Holding Limited

Equities

3836

KYG2118N1079

Auto Vehicles, Parts & Service Retailers

Market Closed - Hong Kong S.E. 04:08:28 2024-05-24 am EDT 5-day change 1st Jan Change
0.5 HKD -3.85% Intraday chart for China Harmony Auto Holding Limited -3.85% -13.79%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,516 4,881 6,278 1,625 804.5 707.3 - -
Enterprise Value (EV) 1 7,145 6,403 7,279 2,546 804.5 707.3 707.3 707.3
P/E ratio 10.3 x 11.5 x 9.13 x -0.98 x -3.1 x 2.81 x 1.95 x 1.51 x
Yield 1.96% 2.14% 4.25% - - - - -
Capitalization / Revenue 0.44 x 0.33 x 0.35 x 0.1 x 0.05 x 0.04 x 0.03 x 0.03 x
EV / Revenue 0.44 x 0.33 x 0.35 x 0.1 x 0.05 x 0.04 x 0.03 x 0.03 x
EV / EBITDA 5.74 x 5.2 x 4.99 x -1.38 x 4.17 x 1.05 x 0.86 x 0.73 x
EV / FCF - - 166,405,584 x - - - - -
FCF Yield - - 0% - - - - -
Price to Book 0.73 x 0.63 x 0.77 x - - - - -
Nbr of stocks (in thousands) 1,574,663 1,571,485 1,562,971 1,533,345 1,526,005 1,526,005 - -
Reference price 2 3.503 3.106 4.017 1.060 0.5272 0.4635 0.4635 0.4635
Announcement Date 3/27/20 3/31/21 3/21/22 3/31/23 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 12,622 14,747 17,981 16,322 16,579 18,172 20,367 22,567
EBITDA 1 961.4 938.5 1,257 -1,174 193.1 676.1 824 964.9
EBIT 1 803 750 1,058 -1,382 -231.4 -23.89 105.4 225.4
Operating Margin 6.36% 5.09% 5.88% -8.47% -1.4% -0.13% 0.52% 1%
Earnings before Tax (EBT) 1 672.9 617.3 927 -1,507 -178.4 349.6 498.4 638.6
Net income 1 513.3 410.7 673.2 -1,628 -252.2 251.6 363.1 468.3
Net margin 4.07% 2.78% 3.74% -9.97% -1.52% 1.38% 1.78% 2.08%
EPS 2 0.3400 0.2700 0.4400 -1.080 -0.1700 0.1650 0.2381 0.3071
Free Cash Flow - - 37.73 - - - - -
FCF margin - - 0.21% - - - - -
FCF Conversion (EBITDA) - - 3% - - - - -
FCF Conversion (Net income) - - 5.6% - - - - -
Dividend per Share 0.0687 0.0666 0.1706 - - - - -
Announcement Date 3/27/20 3/31/21 3/21/22 3/31/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2
Net sales 1 6,730 5,755 8,992 9,374 8,607 7,940 8,382
EBITDA - - - - - - -
EBIT 1 - 366.4 - 564.9 492.6 -774 -608.3
Operating Margin - 6.37% - 6.03% 5.72% -9.75% -7.26%
Earnings before Tax (EBT) 1 - 307.6 - - 422.7 - -675.6
Net income 1 - 234.8 - - - - -712.9
Net margin - 4.08% - - - - -8.51%
EPS 2 0.1500 0.1500 0.1200 0.2530 0.1870 -0.6040 -0.4760
Dividend per Share - - - - - - -
Announcement Date 3/27/20 8/25/20 3/31/21 8/16/21 3/21/22 8/26/22 3/31/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1,628 1,523 1,001 921 - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 1.694 x 1.622 x 0.796 x -0.7842 x - - - -
Free Cash Flow - - 37.7 - - - - -
ROE (net income / shareholders' equity) 7.26% 6.71% 8.71% -23.4% -4.38% 4.42% 6.05% 7.29%
ROA (Net income/ Total Assets) 4.57% - 5.26% - - - - -
Assets 1 11,222 - 12,800 - - - - -
Book Value Per Share 4.800 4.910 5.190 - - - - -
Cash Flow per Share 0.1600 0.5400 0.5000 - - - - -
Capex 426 - 738 - - - - -
Capex / Sales 3.37% - 4.11% - - - - -
Announcement Date 3/27/20 3/31/21 3/21/22 3/31/23 3/28/24 - - -
1CNY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
0.4635 CNY
Average target price
1.194 CNY
Spread / Average Target
+157.61%
Consensus
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