Financials Haitian International Holdings Limited

Equities

1882

KYG4232C1087

Industrial Machinery & Equipment

Market Closed - Hong Kong S.E. 04:08:05 2024-05-31 am EDT 5-day change 1st Jan Change
23.85 HKD +0.42% Intraday chart for Haitian International Holdings Limited -4.02% +23.45%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 26,929 36,000 28,154 29,460 28,026 35,251 - -
Enterprise Value (EV) 1 26,412 33,185 19,885 24,460 22,836 29,155 27,909 26,174
P/E ratio 15.3 x 15 x 9.24 x 13 x 11.3 x 12.2 x 10.8 x 9.72 x
Yield 2.13% 6.09% 4.38% 2.61% 3.46% 3.16% 3.53% 3.91%
Capitalization / Revenue 2.75 x 3.05 x 1.76 x 2.39 x 2.14 x 2.37 x 2.14 x 1.93 x
EV / Revenue 2.69 x 2.81 x 1.24 x 1.99 x 1.75 x 1.96 x 1.69 x 1.43 x
EV / EBITDA 10.8 x 10.4 x 5.07 x 8.17 x 7.18 x 8.07 x 6.79 x 5.77 x
EV / FCF 11.5 x 14.1 x 8.74 x 78 x 25.4 x 15.8 x 12.3 x 8.95 x
FCF Yield 8.7% 7.09% 11.4% 1.28% 3.94% 6.34% 8.15% 11.2%
Price to Book 2.05 x 2.44 x 1.77 x 1.73 x 1.49 x 1.71 x 1.56 x 1.43 x
Nbr of stocks (in thousands) 1,596,000 1,596,000 1,596,000 1,596,000 1,596,000 1,596,000 - -
Reference price 2 16.87 22.56 17.64 18.46 17.56 22.09 22.09 22.09
Announcement Date 3/16/20 3/22/21 3/22/22 3/20/23 3/18/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,810 11,800 16,018 12,308 13,069 14,858 16,487 18,257
EBITDA 1 2,441 3,189 3,922 2,993 3,179 3,612 4,108 4,538
EBIT 1 2,143 2,873 3,597 2,632 2,788 3,143 3,578 3,984
Operating Margin 21.85% 24.35% 22.45% 21.39% 21.33% 21.15% 21.7% 21.82%
Earnings before Tax (EBT) 1 2,184 2,970 3,769 2,779 3,037 3,531 3,995 4,487
Net income 1 1,751 2,388 3,052 2,265 2,492 2,882 3,250 3,626
Net margin 17.84% 20.24% 19.05% 18.4% 19.06% 19.4% 19.71% 19.86%
EPS 2 1.100 1.500 1.910 1.420 1.560 1.807 2.036 2.271
Free Cash Flow 1 2,298 2,352 2,276 313.6 898.7 1,848 2,275 2,923
FCF margin 23.43% 19.94% 14.21% 2.55% 6.88% 12.44% 13.8% 16.01%
FCF Conversion (EBITDA) 94.17% 73.77% 58.03% 10.48% 28.27% 51.17% 55.38% 64.41%
FCF Conversion (Net income) 131.3% 98.51% 74.58% 13.85% 36.07% 64.14% 70% 80.62%
Dividend per Share 2 0.3600 1.374 0.7727 0.4823 0.6075 0.6970 0.7804 0.8639
Announcement Date 3/16/20 3/22/21 3/22/22 3/20/23 3/18/24 - - -
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 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 4,801 5,016 6,784 8,226 7,792 6,510 5,799 6,380 6,689 7,656 8,099
EBITDA 994.9 - - - - - - - - - -
EBIT 1 838.4 - - 1,737 1,733 1,076 1,278 1,039 1,426 1,378 1,531
Operating Margin 17.46% - - 21.12% 22.24% 16.53% 22.04% 16.29% 21.31% 18% 18.91%
Earnings before Tax (EBT) 1,053 - - - - - - - - - -
Net income 842.5 1,028 - - 1,468 1,172 1,092 - - - -
Net margin 17.55% 20.5% - - 18.84% 18.01% 18.84% - - - -
EPS 2 0.5300 0.6400 0.8600 0.9900 0.9200 0.7300 0.6900 0.7700 0.7900 0.9200 0.9900
Dividend per Share - - - - - - - - - - -
Announcement Date 3/16/20 8/17/20 3/22/21 8/10/21 3/22/22 8/15/22 3/20/23 8/21/23 3/18/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 516 2,814 8,269 5,000 5,190 6,096 7,342 9,076
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2,298 2,352 2,276 314 899 1,849 2,275 2,923
ROE (net income / shareholders' equity) 14% 17.1% 19.9% 13.7% 13.9% 14.2% 14.5% 14.8%
ROA (Net income/ Total Assets) 9.19% 11.2% 12.3% 8.72% 9.08% 8.64% 9.02% 8.77%
Assets 1 19,048 21,348 24,772 25,972 27,443 33,354 36,029 41,356
Book Value Per Share 2 8.220 9.260 9.980 10.70 11.80 12.90 14.10 15.40
Cash Flow per Share 2 1.710 2.050 1.960 1.120 1.260 1.820 2.090 2.480
Capex 1 431 926 848 1,467 1,114 1,165 1,203 1,111
Capex / Sales 4.4% 7.85% 5.29% 11.92% 8.52% 7.84% 7.3% 6.09%
Announcement Date 3/16/20 3/22/21 3/22/22 3/20/23 3/18/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
22.09 CNY
Average target price
25.22 CNY
Spread / Average Target
+14.20%
Consensus
  1. Stock Market
  2. Equities
  3. 1882 Stock
  4. Financials Haitian International Holdings Limited