Financials Aerosun Corporation

Equities

600501

CNE000001857

Industrial Machinery & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
12.45 CNY -2.12% Intraday chart for Aerosun Corporation -12.45% -8.99%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,557 3,290 4,364 5,915 4,743 5,905
Enterprise Value (EV) 1 2,181 2,936 3,754 5,291 4,112 5,075
P/E ratio -15.6 x 97.6 x 94.2 x 87.8 x 61 x 80.5 x
Yield - - - - 0.27% 0.44%
Capitalization / Revenue 0.97 x 1.1 x 1.18 x 1.45 x 1.14 x 1.55 x
EV / Revenue 0.83 x 0.98 x 1.01 x 1.3 x 0.99 x 1.33 x
EV / EBITDA -27.2 x 35.5 x 22.1 x 34.9 x 20.6 x 27.5 x
EV / FCF -17 x -40.7 x 16.1 x -83.2 x -63.9 x 24.7 x
FCF Yield -5.88% -2.46% 6.19% -1.2% -1.56% 4.04%
Price to Book 1.25 x 1.55 x 2.05 x 2.71 x 2.11 x 2.61 x
Nbr of stocks (in thousands) 421,284 421,284 421,284 421,284 431,929 431,619
Reference price 2 6.070 7.810 10.36 14.04 10.98 13.68
Announcement Date 4/19/19 4/28/20 4/28/21 4/29/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,632 3,000 3,700 4,079 4,145 3,818
EBITDA 1 -80.21 82.62 169.9 151.5 199.5 184.2
EBIT 1 -143.1 19.18 105.1 73.99 105.1 92.96
Operating Margin -5.43% 0.64% 2.84% 1.81% 2.54% 2.43%
Earnings before Tax (EBT) 1 -136.2 55.03 95.27 91.44 95.06 92.1
Net income 1 -164.8 34.95 44.45 66.45 75.71 71.94
Net margin -6.26% 1.16% 1.2% 1.63% 1.83% 1.88%
EPS 2 -0.3900 0.0800 0.1100 0.1600 0.1800 0.1700
Free Cash Flow 1 -128.3 -72.19 232.5 -63.58 -64.35 205.2
FCF margin -4.87% -2.41% 6.28% -1.56% -1.55% 5.37%
FCF Conversion (EBITDA) - - 136.85% - - 111.39%
FCF Conversion (Net income) - - 523.04% - - 285.19%
Dividend per Share - - - - 0.0300 0.0600
Announcement Date 4/19/19 4/28/20 4/28/21 4/29/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 376 354 610 624 631 830
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -128 -72.2 233 -63.6 -64.3 205
ROE (net income / shareholders' equity) -6.18% 2.23% 2.81% 3.29% 3.58% 3.35%
ROA (Net income/ Total Assets) -1.94% 0.26% 1.32% 0.83% 1.08% 0.97%
Assets 1 8,508 13,495 3,357 7,965 7,033 7,453
Book Value Per Share 2 4.850 5.040 5.050 5.180 5.210 5.240
Cash Flow per Share 2 1.780 2.340 2.560 2.980 2.570 2.340
Capex 1 148 73.1 228 214 163 58.3
Capex / Sales 5.64% 2.44% 6.17% 5.24% 3.93% 1.53%
Announcement Date 4/19/19 4/28/20 4/28/21 4/29/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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