Financials Yutong Bus Co.,Ltd.

Equities

600066

CNE000000PY4

Auto & Truck Manufacturers

End-of-day quote Shanghai S.E. 06:00:00 2024-06-05 pm EDT 5-day change 1st Jan Change
24.78 CNY +0.12% Intraday chart for Yutong Bus Co.,Ltd. +1.23% +87.02%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 31,549 37,460 24,938 16,627 29,335 54,861 - -
Enterprise Value (EV) 1 26,830 31,384 19,313 9,599 22,905 48,465 47,201 45,027
P/E ratio 16.8 x 80.6 x 39.4 x 22.1 x 16.2 x 18.7 x 15.8 x 12.8 x
Yield 7.02% 2.96% 4.54% 13.3% 11.3% 5.74% 6.23% 6.97%
Capitalization / Revenue 1.04 x 1.73 x 1.07 x 0.76 x 1.08 x 1.65 x 1.43 x 1.21 x
EV / Revenue 0.88 x 1.45 x 0.83 x 0.44 x 0.85 x 1.46 x 1.23 x 0.99 x
EV / EBITDA 10 x 32.7 x 14.3 x 6.1 x 8.3 x 12.4 x 10.1 x 7.97 x
EV / FCF 5.42 x 11.1 x 390 x 4 x 5.37 x 10.4 x 8.88 x 13.5 x
FCF Yield 18.4% 8.99% 0.26% 25% 18.6% 9.62% 11.3% 7.42%
Price to Book 1.8 x 2.44 x 1.64 x 1.15 x 2.11 x 4.06 x 3.94 x 3.98 x
Nbr of stocks (in thousands) 2,213,939 2,213,939 2,262,931 2,213,939 2,213,939 2,213,939 - -
Reference price 2 14.25 16.92 11.02 7.510 13.25 24.78 24.78 24.78
Announcement Date 3/30/20 3/29/21 3/28/22 3/27/23 4/1/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 30,479 21,705 23,233 21,799 27,042 33,258 38,429 45,324
EBITDA 1 2,675 961 1,353 1,574 2,761 3,901 4,678 5,647
EBIT 1 2,018 304 535 705.8 2,036 3,125 3,736 4,636
Operating Margin 6.62% 1.4% 2.3% 3.24% 7.53% 9.4% 9.72% 10.23%
Earnings before Tax (EBT) 1 2,084 347.7 543.5 707.8 2,078 3,299 3,919 4,848
Net income 1 1,940 516 613.8 759.1 1,817 2,929 3,472 4,271
Net margin 6.37% 2.38% 2.64% 3.48% 6.72% 8.81% 9.03% 9.42%
EPS 2 0.8500 0.2100 0.2800 0.3400 0.8200 1.324 1.568 1.930
Free Cash Flow 1 4,946 2,822 49.46 2,398 4,267 4,661 5,316 3,342
FCF margin 16.23% 13% 0.21% 11% 15.78% 14.01% 13.83% 7.37%
FCF Conversion (EBITDA) 184.91% 293.65% 3.66% 152.38% 154.56% 119.48% 113.65% 59.19%
FCF Conversion (Net income) 254.9% 546.88% 8.06% 315.9% 234.82% 159.13% 153.14% 78.26%
Dividend per Share 2 1.000 0.5000 0.5000 1.000 1.500 1.423 1.543 1.728
Announcement Date 3/30/20 3/29/21 3/28/22 3/27/23 4/1/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - 5,857 7,571 - 4,733 4,854 8,685 3,576 7,538 7,837 8,092 6,616 7,878 8,221 10,619 -
EBITDA - 502.2 61.33 - - - - - - - - - 939.2 972.1 1,203 -
EBIT 1 - 167.8 301.1 - 50.44 172.3 683.9 147.9 438.5 621.8 827.8 732.8 758.1 791 1,022 -
Operating Margin - 2.87% 3.98% - 1.07% 3.55% 7.87% 4.14% 5.82% 7.93% 10.23% 11.08% 9.62% 9.62% 9.62% -
Earnings before Tax (EBT) 1 - 103.5 355.4 - 46.14 169.1 693.3 153.9 443.5 628.4 852.2 721.1 894.2 933.1 1,205 -
Net income 1 1,257 116.7 352.2 - 50.39 196.1 628.3 120.5 349.8 580.2 766.6 657.1 768.5 801.9 1,036 -
Net margin - 1.99% 4.65% - 1.06% 4.04% 7.23% 3.37% 4.64% 7.4% 9.47% 9.93% 9.75% 9.75% 9.75% -
EPS 2 - 0.0600 0.1700 -0.0500 0.0200 0.0900 0.2800 0.0500 0.1600 0.2600 0.3500 0.3000 0.3248 0.3322 0.4389 -
Dividend per Share 2 - - 0.5000 - - - 1.000 - - - - - - - 1.500 -
Announcement Date 3/30/20 10/26/21 3/28/22 4/26/22 8/22/22 10/26/22 3/27/23 4/25/23 8/2/23 10/26/23 4/1/24 4/25/24 - - - -
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 4,719 6,076 5,625 7,028 6,430 6,397 7,661 9,834
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 4,946 2,822 49.5 2,398 4,267 4,661 5,317 3,343
ROE (net income / shareholders' equity) 11.3% 3.11% 4.02% 5.15% 13% 20.7% 24% 29.9%
ROA (Net income/ Total Assets) 5.29% 1.47% 1.87% - - 8.95% 8.84% 10.4%
Assets 1 36,712 35,006 32,739 - - 32,728 39,272 41,197
Book Value Per Share 2 7.920 6.930 6.730 6.540 6.290 6.100 6.290 6.220
Cash Flow per Share 2 2.410 1.610 0.3300 1.470 2.130 2.490 2.250 1.580
Capex 1 394 747 667 855 450 752 707 586
Capex / Sales 1.29% 3.44% 2.87% 3.92% 1.66% 2.26% 1.84% 1.29%
Announcement Date 3/30/20 3/29/21 3/28/22 3/27/23 4/1/24 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
24.78 CNY
Average target price
29.07 CNY
Spread / Average Target
+17.30%
Consensus
  1. Stock Market
  2. Equities
  3. 600066 Stock
  4. Financials Yutong Bus Co.,Ltd.