Financials Loncin Motor Co., Ltd.

Equities

603766

CNE100001JP2

Auto & Truck Manufacturers

End-of-day quote Shanghai S.E. 06:00:00 2024-06-06 pm EDT 5-day change 1st Jan Change
7.09 CNY +0.28% Intraday chart for Loncin Motor Co., Ltd. -1.53% +37.40%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,399 7,660 7,187 11,315 9,980 10,596
Enterprise Value (EV) 1 6,961 6,190 5,449 8,875 6,527 5,341
P/E ratio 9.3 x 12.4 x 14 x 29 x 18.7 x 18.4 x
Yield 0.17% 2.68% 2.29% 1.09% 1.65% 1.94%
Capitalization / Revenue 0.75 x 0.72 x 0.69 x 0.87 x 0.8 x 0.81 x
EV / Revenue 0.62 x 0.58 x 0.52 x 0.68 x 0.53 x 0.41 x
EV / EBITDA 4.92 x 4.71 x 4.5 x 9.17 x 5.89 x 4.06 x
EV / FCF 44.1 x -36.2 x -14.8 x 16 x 11.2 x 4.17 x
FCF Yield 2.27% -2.76% -6.78% 6.25% 8.92% 24%
Price to Book 1.31 x 1.11 x 0.99 x 1.53 x 1.28 x 1.28 x
Nbr of stocks (in thousands) 2,053,542 2,053,542 2,053,542 2,053,542 2,053,542 2,053,542
Reference price 2 4.090 3.730 3.500 5.510 4.860 5.160
Announcement Date 4/2/19 4/27/20 4/23/21 4/29/22 4/23/23 4/26/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 11,204 10,650 10,437 13,058 12,410 13,066
EBITDA 1 1,416 1,314 1,212 968.2 1,108 1,317
EBIT 1 1,094 914.6 741.7 544 643.2 901.4
Operating Margin 9.76% 8.59% 7.11% 4.17% 5.18% 6.9%
Earnings before Tax (EBT) 1 1,151 750.6 595.8 490.5 587.1 558.5
Net income 1 919.3 622.8 518 384.8 527.3 583.4
Net margin 8.21% 5.85% 4.96% 2.95% 4.25% 4.47%
EPS 2 0.4400 0.3000 0.2500 0.1900 0.2600 0.2800
Free Cash Flow 1 157.7 -170.9 -369.2 554.7 582.3 1,279
FCF margin 1.41% -1.6% -3.54% 4.25% 4.69% 9.79%
FCF Conversion (EBITDA) 11.14% - - 57.3% 52.54% 97.16%
FCF Conversion (Net income) 17.16% - - 144.16% 110.43% 219.28%
Dividend per Share 2 0.007000 0.1000 0.0800 0.0600 0.0800 0.1000
Announcement Date 4/2/19 4/27/20 4/23/21 4/29/22 4/23/23 4/26/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,438 1,470 1,739 2,440 3,453 5,255
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 158 -171 -369 555 582 1,279
ROE (net income / shareholders' equity) 14% 8.27% 6.69% 4.8% 6.13% 5.73%
ROA (Net income/ Total Assets) 5.85% 4.55% 3.53% 2.58% 3.12% 4.25%
Assets 1 15,712 13,683 14,696 14,908 16,924 13,737
Book Value Per Share 2 3.120 3.370 3.520 3.610 3.800 4.020
Cash Flow per Share 2 1.000 1.070 1.230 1.300 1.690 2.700
Capex 1 738 567 502 684 577 536
Capex / Sales 6.59% 5.32% 4.81% 5.24% 4.65% 4.1%
Announcement Date 4/2/19 4/27/20 4/23/21 4/29/22 4/23/23 4/26/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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