Financials Hangzhou Greatstar Industrial Co., Ltd

Equities

002444

CNE100000RC5

Appliances, Tools & Housewares

End-of-day quote Shenzhen S.E. 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
27.89 CNY +7.89% Intraday chart for Hangzhou Greatstar Industrial Co., Ltd +10.67% +23.85%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,432 33,115 34,703 22,671 26,900 33,314 - -
Enterprise Value (EV) 1 10,670 31,911 33,850 20,309 23,803 28,433 27,024 25,353
P/E ratio 12.8 x 24.9 x 27 x 15.3 x 15.9 x 16.4 x 14 x 11.8 x
Yield 1.77% - - 0.87% 0.44% 0.69% 0.82% 0.91%
Capitalization / Revenue 1.73 x 3.88 x 3.18 x 1.8 x 2.46 x 2.58 x 2.21 x 1.92 x
EV / Revenue 1.61 x 3.73 x 3.1 x 1.61 x 2.18 x 2.2 x 1.79 x 1.46 x
EV / EBITDA 9.03 x 19.2 x 21.1 x 10.6 x 10.5 x 11.8 x 9.41 x 7.39 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.55 x 3.87 x 3.29 x 1.7 x 1.82 x 2.04 x 1.8 x 1.57 x
Nbr of stocks (in thousands) 1,064,448 1,064,448 1,137,423 1,194,478 1,194,478 1,194,478 - -
Reference price 2 10.74 31.11 30.51 18.98 22.52 27.89 27.89 27.89
Announcement Date 2/24/20 4/14/21 4/11/22 4/21/23 4/24/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,625 8,544 10,920 12,610 10,930 12,918 15,090 17,372
EBITDA 1 1,181 1,664 1,602 1,917 2,268 2,410 2,870 3,431
EBIT 1 1,045 1,512 1,378 1,687 1,997 2,394 2,590 3,026
Operating Margin 15.78% 17.7% 12.61% 13.38% 18.27% 18.54% 17.17% 17.42%
Earnings before Tax (EBT) 1 1,045 1,564 1,459 1,667 1,989 2,381 2,798 3,331
Net income 1 895 1,350 1,270 1,420 1,692 2,040 2,395 2,847
Net margin 13.51% 15.8% 11.63% 11.26% 15.48% 15.79% 15.87% 16.39%
EPS 2 0.8400 1.250 1.130 1.240 1.416 1.699 1.993 2.370
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1900 - - 0.1660 0.1000 0.1913 0.2276 0.2529
Announcement Date 2/24/20 4/14/21 4/11/22 4/21/23 4/24/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 3,240 - 3,359 - 3,601 - - 2,690 3,365 2,320 - - - - - -
EBITDA 102 - - - - - - - - - - - - - - -
EBIT 148.9 - 560.8 - 713.2 - - 657.5 716.4 275.8 - - - - - -
Operating Margin 4.6% - 16.7% - 19.81% - - 24.44% 21.29% 11.89% - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - - -
Net income 1 119.2 - 458.7 641.5 621.6 - - 570.1 633.6 185.4 413.4 528.7 528.7 423 - -
Net margin 3.68% - 13.66% - 17.26% - - 21.19% 18.83% 7.99% - - - - - -
EPS 2 0.1100 - 0.4000 - 0.5500 0.1300 0.2532 0.4800 0.5300 0.1600 0.3461 0.4498 0.4798 0.3459 0.4500 0.5300
Dividend per Share 2 - - - - - - - - - - - - - 0.1231 - -
Announcement Date 4/11/22 4/25/22 8/25/22 8/25/22 10/19/22 4/21/23 4/24/23 8/24/23 10/26/23 4/24/24 4/26/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 763 1,204 853 2,362 3,097 4,881 6,290 7,961
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 12.5% 15.9% 12.5% 12.3% 11.9% 12.9% 13.5% 14.1%
ROA (Net income/ Total Assets) 8.77% 10.9% 8.2% 7.91% 8.84% 10.1% 10.9% -
Assets 1 10,207 12,405 15,492 17,943 19,140 20,198 21,970 -
Book Value Per Share 2 6.910 8.030 9.270 11.10 12.30 13.70 15.50 17.70
Cash Flow per Share 2 0.7500 0.7200 0.0200 1.360 1.770 1.140 1.590 1.570
Capex 1 326 621 491 392 414 539 578 571
Capex / Sales 4.92% 7.27% 4.5% 3.11% 3.79% 4.17% 3.83% 3.29%
Announcement Date 2/24/20 4/14/21 4/11/22 4/21/23 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

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
27.89 CNY
Average target price
29.69 CNY
Spread / Average Target
+6.46%
Consensus
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