Financials Ningbo Haitian Precision Machinery Co.,Ltd.

Equities

601882

CNE100003HW8

Industrial Machinery & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-07-15 pm EDT 5-day change 1st Jan Change
20.97 CNY +0.58% Intraday chart for Ningbo Haitian Precision Machinery Co.,Ltd. -0.66% -19.81%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,784 6,306 12,930 13,676 13,650 10,946 - -
Enterprise Value (EV) 1 3,784 6,306 12,930 13,676 13,183 10,292 9,875 9,373
P/E ratio 48.3 x 46.5 x 34.9 x 26.2 x 22.4 x 15.2 x 12.6 x 10.8 x
Yield - 1.97% - - 1.72% 2.51% 3.15% 3.51%
Capitalization / Revenue 3.25 x 3.86 x 4.74 x 4.3 x 4.11 x 2.81 x 2.35 x 2.03 x
EV / Revenue 3.25 x 3.86 x 4.74 x 4.3 x 3.97 x 2.64 x 2.12 x 1.74 x
EV / EBITDA - - - - 18.1 x 11.6 x 9.36 x 7.8 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book - 4.51 x 7.86 x 6.89 x 5.9 x 3.89 x 3.03 x 2.47 x
Nbr of stocks (in thousands) 522,000 522,000 522,000 522,000 522,000 522,000 - -
Reference price 2 7.250 12.08 24.77 26.20 26.15 20.97 20.97 20.97
Announcement Date 3/16/20 3/22/21 3/10/22 3/20/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,165 1,632 2,730 3,177 3,323 3,892 4,651 5,387
EBITDA 1 - - - - 729.5 888.4 1,055 1,202
EBIT 1 - 130.8 400.4 542 650.1 777.4 945.8 1,111
Operating Margin - 8.02% 14.66% 17.06% 19.56% 19.97% 20.34% 20.63%
Earnings before Tax (EBT) 1 - 152.3 412.1 582.6 696.8 817.4 983.2 1,149
Net income 1 - 138.2 371.1 520.6 609.5 721.7 867.3 1,013
Net margin - 8.47% 13.59% 16.39% 18.34% 18.54% 18.65% 18.81%
EPS 2 0.1500 0.2600 0.7100 1.000 1.170 1.383 1.660 1.942
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 0.2380 - - 0.4500 0.5260 0.6600 0.7358
Announcement Date 3/16/20 3/22/21 3/10/22 3/20/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 816.2 756.5 1,148 1,148 765.4 - -
EBITDA 1 - - 244.8 244.8 171.5 - -
EBIT 1 163.8 123.8 219.9 219.9 146.6 - -
Operating Margin 20.07% 16.36% 19.16% 19.16% 19.16% - -
Earnings before Tax (EBT) 1 162.6 149.7 239.5 239.5 160.9 - -
Net income 1 145.9 130.5 213 213 143.3 - -
Net margin 17.88% 17.25% 18.55% 18.55% 18.72% - -
EPS 2 0.2820 0.2499 0.4080 0.4080 0.2744 - -
Dividend per Share 2 0.2700 - - - 0.5260 - -
Announcement Date 3/25/24 4/29/24 - - - - -
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 - - - - 467 654 1,071 1,573
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) - 10.3% 24.4% 29.2% 28.4% 25.7% 24.7% 23.4%
ROA (Net income/ Total Assets) - 5.35% - - 13.3% 13.3% 12.7% 12.4%
Assets 1 - 2,585 - - 4,570 5,426 6,829 8,173
Book Value Per Share 2 - 2.680 3.150 3.800 4.430 5.390 6.920 8.500
Cash Flow per Share 2 - 1.040 0.8400 0.4200 1.090 2.420 1.310 2.380
Capex 1 - - 35.9 280 79.1 149 152 138
Capex / Sales - - 1.31% 8.81% 2.38% 3.83% 3.26% 2.56%
Announcement Date 3/16/20 3/22/21 3/10/22 3/20/23 3/25/24 - - -
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
5
Last Close Price
20.97 CNY
Average target price
34.84 CNY
Spread / Average Target
+66.13%
Consensus
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