LIANCHUANG ELECTRONIC TECHNOLOGY CO.,LTD Financials LianChuang Electronic Technology Co.,Ltd
Equities
002036
CNE000001L07
Electronic Equipment & Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.74 CNY | +1.05% |
|
-7.03% | -33.99% |
| May. 07 | Tranche Update on LianChuang Electronic Technology Co.,Ltd's Equity Buyback Plan announced on May 8, 2023. | CI |
| May. 06 | Lianchuang Electronic Technology to Sell Back Convertible Bonds | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 12,167 | 10,835 | 25,784 | 13,277 | 10,910 | 7,161 | - | - |
| Enterprise Value (EV) 1 | 12,167 | 10,835 | 28,601 | 16,557 | 15,905 | 13,248 | 11,777 | 13,745 |
| P/E ratio | 46 x | 60.8 x | 243 x | 137 x | -11 x | 28.1 x | 15 x | 27.5 x |
| Yield | 0.06% | - | 0.05% | 0.07% | 0.1% | 0.18% | 0.26% | 0.12% |
| Capitalization / Revenue | 2 x | - | 2.44 x | 1.21 x | 1.11 x | 0.61 x | 0.54 x | 0.51 x |
| EV / Revenue | 2 x | - | 2.71 x | 1.51 x | 1.62 x | 1.13 x | 0.89 x | 0.99 x |
| EV / EBITDA | - | - | 44.3 x | 26.5 x | -42.3 x | 17.4 x | 9.61 x | 11.6 x |
| EV / FCF | - | - | -72.9 x | -36.7 x | -11 x | -39.4 x | -54.3 x | 160 x |
| FCF Yield | - | - | -1.37% | -2.72% | -9.06% | -2.54% | -1.84% | 0.63% |
| Price to Book | 5.27 x | - | 6.95 x | 3.54 x | 3.95 x | 2.59 x | 1.85 x | 2.28 x |
| Nbr of stocks (in thousands) | 929,879 | 1,047,896 | 1,062,825 | 1,073,346 | 1,068,559 | 1,062,403 | - | - |
| Reference price 2 | 13.08 | 10.34 | 24.26 | 12.37 | 10.21 | 6.740 | 6.740 | 6.740 |
| Announcement Date | 4/27/20 | 4/27/21 | 4/25/22 | 4/24/23 | 4/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,082 | - | 10,558 | 10,935 | 9,848 | 11,710 | 13,256 | 13,912 |
| EBITDA 1 | - | - | 645.5 | 624.8 | -376.3 | 759.5 | 1,225 | 1,186 |
| EBIT 1 | 300.9 | - | 319.8 | 68.12 | -1,049 | 310.6 | 514.8 | 437.5 |
| Operating Margin | 4.95% | - | 3.03% | 0.62% | -10.65% | 2.65% | 3.88% | 3.14% |
| Earnings before Tax (EBT) 1 | 301.9 | - | 87.92 | 68.02 | -1,074 | 254.1 | 498.3 | 264.5 |
| Net income 1 | 267.3 | 164.4 | 112.4 | 92.79 | -992.4 | 255.2 | 530.7 | 262 |
| Net margin | 4.4% | - | 1.06% | 0.85% | -10.08% | 2.18% | 4% | 1.88% |
| EPS 2 | 0.2846 | 0.1700 | 0.1000 | 0.0900 | -0.9300 | 0.2396 | 0.4500 | 0.2450 |
| Free Cash Flow 1 | - | - | -392.2 | -450.6 | -1,441 | -336 | -217 | 86 |
| FCF margin | - | - | -3.71% | -4.12% | -14.63% | -2.87% | -1.64% | 0.62% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | 7.25% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | 32.82% |
| Dividend per Share 2 | 0.007690 | - | 0.0110 | 0.009000 | 0.0100 | 0.0124 | 0.0175 | 0.008000 |
| Announcement Date | 4/27/20 | 4/27/21 | 4/25/22 | 4/24/23 | 4/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 3,437 | 5,747 | 2,868 | 4,873 | 3,030 | 3,032 | 6,062 | 1,958 | 2,242 | 4,200 | 2,890 | 2,758 | - | 2,465 | 2,786 | 3,026 | 3,365 |
| EBITDA 1 | - | - | - | 196.2 | - | 206.9 | - | - | - | - | - | - | - | - | - | 180.4 | 355.5 | - |
| EBIT 1 | - | 47.99 | 159.5 | 69.11 | 106.5 | 114.3 | -152.6 | -38.35 | -191.7 | -104.8 | -296.5 | -19.66 | -692.3 | -752.4 | -79.06 | 67 | 121 | 61 |
| Operating Margin | - | 1.4% | 2.78% | 2.41% | 2.18% | 3.77% | -5.03% | -0.63% | -9.79% | -4.68% | -7.06% | -0.68% | -25.1% | - | -3.21% | 2.4% | 4% | 1.81% |
| Earnings before Tax (EBT) 1 | - | -110.1 | -12.04 | - | 106.5 | - | -153.1 | -38.52 | - | - | -297.1 | - | - | -777.3 | - | 28 | 82 | -31 |
| Net income 1 | 97.42 | -75.82 | 15.02 | 63.26 | 103.4 | 100.7 | -111.3 | -10.59 | -177.5 | -102 | -279.5 | -48.91 | -664 | -712.9 | -68.96 | 31 | - | -35 |
| Net margin | - | -2.21% | 0.26% | 2.21% | 2.12% | 3.32% | -3.67% | -0.17% | -9.07% | -4.55% | -6.65% | -1.69% | -24.07% | - | -2.8% | 1.11% | - | -1.04% |
| EPS 2 | 0.0911 | - | 0.0100 | 0.0558 | 0.0958 | 0.0900 | -0.1000 | -0.0100 | -0.1700 | -0.0900 | -0.2603 | -0.0456 | -0.6200 | - | -0.0600 | 0.0501 | 0.1521 | 0.0100 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/23/21 | 4/25/22 | 4/25/22 | 8/8/22 | 8/8/22 | 10/27/22 | 4/24/23 | 4/24/23 | 4/24/23 | 8/30/23 | 8/30/23 | 10/30/23 | 4/29/24 | 4/29/24 | 4/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 2,817 | 3,280 | 4,995 | 6,087 | 4,616 | 6,584 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 4.363 x | 5.249 x | -13.27 x | 8.014 x | 3.768 x | 5.549 x |
| Free Cash Flow 1 | - | - | -392 | -451 | -1,441 | -336 | -217 | 86 |
| ROE (net income / shareholders' equity) | 12.3% | 6.39% | 3.06% | 2.49% | -29.8% | 0.4% | 6.93% | 8.35% |
| ROA (Net income/ Total Assets) | 3.37% | - | 0.89% | - | -6.55% | 1.25% | 2.17% | 2.35% |
| Assets 1 | 7,926 | - | 12,662 | - | 15,152 | 20,415 | 24,493 | 11,149 |
| Book Value Per Share 2 | 2.480 | - | 3.490 | 3.490 | 2.580 | 2.610 | 3.650 | 2.950 |
| Cash Flow per Share 2 | 0.4400 | - | 0.5200 | 0.7100 | 0.2000 | 0.3700 | 1.270 | 0.7000 |
| Capex 1 | 667 | - | 943 | 1,217 | 1,651 | 700 | 616 | 482 |
| Capex / Sales | 10.96% | - | 8.93% | 11.13% | 16.76% | 5.97% | 4.64% | 3.46% |
| Announcement Date | 4/27/20 | 4/27/21 | 4/25/22 | 4/24/23 | 4/29/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
6.74
CNY
Average target price
9.59
CNY
Spread / Average Target
+42.28%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -33.99% | 988M | |
| +32.71% | 78.46B | |
| +69.86% | 75.85B | |
| +3.01% | 36.57B | |
| -6.53% | 31.9B | |
| -9.73% | 13.73B | |
| -5.13% | 10.82B | |
| +18.48% | 10.66B | |
| -2.87% | 10.25B | |
| +49.37% | 10.04B |
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