Financials Guangdong Mingyang Electric Co.,Ltd.

Equities

301291

CNE1000064F5

Heavy Electrical Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-07-15 pm EDT 5-day change 1st Jan Change
30.74 CNY -3.03% Intraday chart for Guangdong Mingyang Electric Co.,Ltd. -8.57% +8.39%

Valuation

Fiscal Period: December 2023 2024 2025 2026
Capitalization 1 8,854 9,597 - -
Enterprise Value (EV) 1 8,854 9,597 9,597 9,597
P/E ratio 15.6 x 15 x 11.4 x 9.14 x
Yield 2.54% 3.22% 4.2% 5.2%
Capitalization / Revenue 1.79 x 1.47 x 1.14 x 0.89 x
EV / Revenue 1.79 x 1.47 x 1.14 x 0.89 x
EV / EBITDA 14.9 x 12.5 x 9.45 x 7.45 x
EV / FCF - - - -
FCF Yield - - - -
Price to Book 2.1 x 2.08 x 1.84 x 1.65 x
Nbr of stocks (in thousands) 312,200 312,200 - -
Reference price 2 28.36 30.74 30.74 30.74
Announcement Date 4/24/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2022 2023 2024 2025 2026
Net sales 1 - 4,948 6,520 8,383 10,793
EBITDA 1 - 595.2 764.8 1,016 1,289
EBIT 1 - 559.9 709.3 935.6 1,195
Operating Margin - 11.32% 10.88% 11.16% 11.07%
Earnings before Tax (EBT) 1 - 560.1 709.2 935.5 1,194
Net income 1 265.3 497.9 634 838.8 1,069
Net margin - 10.06% 9.72% 10.01% 9.9%
EPS 2 1.130 1.820 2.043 2.693 3.365
Free Cash Flow - - - - -
FCF margin - - - - -
FCF Conversion (EBITDA) - - - - -
FCF Conversion (Net income) - - - - -
Dividend per Share 2 - 0.7200 0.9900 1.290 1.600
Announcement Date 6/7/23 4/24/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2022 2023 2024 2025 2026
Net Debt - - - - -
Net Cash position - - - - -
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow - - - - -
ROE (net income / shareholders' equity) - 19.1% 13.8% 16.1% 18.3%
ROA (Net income/ Total Assets) - 6.35% 6.87% 7.36% 8.02%
Assets 1 - 7,836 9,236 11,404 13,333
Book Value Per Share 2 - 13.50 14.80 16.70 18.70
Cash Flow per Share 2 - 1.060 1.470 2.570 2.820
Capex 1 - 77.1 342 425 206
Capex / Sales - 1.56% 5.24% 5.06% 1.91%
Announcement Date 6/7/23 4/24/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
30.74 CNY
Average target price
45 CNY
Spread / Average Target
+46.39%
Consensus

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. 301291 Stock
  4. Financials Guangdong Mingyang Electric Co.,Ltd.