Financials Guizhou Space Appliance Co., LTD

Equities

002025

CNE000001KG0

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 06:00:00 2024-06-27 pm EDT 5-day change 1st Jan Change
46.38 CNY +2.61% Intraday chart for Guizhou Space Appliance Co., LTD -2.71% -3.42%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,399 27,962 38,001 29,989 21,939 21,190 - -
Enterprise Value (EV) 1 10,459 27,962 38,001 29,989 21,939 21,190 21,190 21,190
P/E ratio 28.3 x 64.5 x 75 x 53.9 x 29.1 x 21.9 x 17.9 x 14.7 x
Yield 0.56% 0.31% 0.24% 0.56% 0.79% 0.88% 0.5% 0.54%
Capitalization / Revenue 3.23 x 6.63 x 7.54 x 4.98 x 3.53 x 2.89 x 2.44 x 2.2 x
EV / Revenue 3.23 x 6.63 x 7.54 x 4.98 x 3.53 x 2.89 x 2.44 x 2.2 x
EV / EBITDA 18.8 x 41.6 x 48.8 x 34.8 x 18.7 x 12.9 x 11.7 x 11.1 x
EV / FCF 67,925,730 x - 148,546,367 x - - - - -
FCF Yield 0% - 0% - - - - -
Price to Book 3.76 x 8.21 x 7.25 x 5.28 x 3.49 x 3.13 x 2.65 x 2.33 x
Nbr of stocks (in thousands) 429,000 429,000 452,662 452,662 456,870 456,870 - -
Reference price 2 26.57 65.18 83.95 66.25 48.02 46.38 46.38 46.38
Announcement Date 2/28/20 4/12/21 4/11/22 4/17/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,534 4,218 5,038 6,020 6,210 7,334 8,696 9,640
EBITDA 1 605.7 671.6 779.5 860.8 1,171 1,648 1,807 1,911
EBIT 1 498.3 556.2 615.4 708.6 934.9 1,164 1,500 1,761
Operating Margin 14.1% 13.18% 12.22% 11.77% 15.05% 15.87% 17.26% 18.26%
Earnings before Tax (EBT) 1 505.1 563.8 616.9 706.6 936.6 1,165 1,501 1,762
Net income 1 402.2 433.6 487.2 555.4 750.5 1,014 1,189 1,442
Net margin 11.38% 10.28% 9.67% 9.23% 12.09% 13.83% 13.68% 14.96%
EPS 2 0.9400 1.010 1.120 1.230 1.650 2.115 2.593 3.158
Free Cash Flow 167.8 - 255.8 - - - - -
FCF margin 4.75% - 5.08% - - - - -
FCF Conversion (EBITDA) 27.71% - 32.82% - - - - -
FCF Conversion (Net income) 41.72% - 52.5% - - - - -
Dividend per Share 2 0.1500 0.2000 0.2000 0.3700 0.3800 0.4100 0.2300 0.2500
Announcement Date 2/28/20 4/12/21 4/11/22 4/17/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 1,509 1,560 1,636 1,314 1,783 - 1,583 1,007 1,614 1,700 1,831 1,438
EBITDA - - - - - - - - - - - -
EBIT - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - -
Net income - - - - - 208.3 - - - - - -
Net margin - - - - - - - - - - - -
EPS - - - - - 0.4500 - - - - - -
Dividend per Share - - - - - - - - - - - -
Announcement Date 4/26/22 8/22/22 10/24/22 4/17/23 4/26/23 8/21/23 10/26/23 3/29/24 4/25/24 - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position 939 - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 168 - 256 - - - - -
ROE (net income / shareholders' equity) 14.1% 13.5% 11.9% 10.1% 12.6% 13.2% 14.6% 15.3%
ROA (Net income/ Total Assets) 7.8% 7.2% 6.22% 5.76% 7.11% 6.8% 7.8% 8.3%
Assets 1 5,158 6,024 7,831 9,645 10,558 14,916 15,242 17,377
Book Value Per Share 2 7.070 7.940 11.60 12.60 13.80 14.80 17.50 19.90
Cash Flow per Share 2 0.6200 0.1600 1.840 0.3900 3.590 2.030 2.670 2.660
Capex 1 97.5 148 577 336 448 366 387 390
Capex / Sales 2.76% 3.5% 11.46% 5.57% 7.22% 4.99% 4.45% 4.05%
Announcement Date 2/28/20 4/12/21 4/11/22 4/17/23 3/29/24 - - -
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
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
46.38 CNY
Average target price
55.04 CNY
Spread / Average Target
+18.66%
Consensus

Quarterly revenue - Rate of surprise

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