Financials Q Technology (Group) Company Limited

Equities

1478

KYG7306T1058

Household Electronics

Market Closed - Hong Kong S.E. 04:08:27 2024-07-12 am EDT 5-day change 1st Jan Change
5.02 HKD +0.60% Intraday chart for Q Technology (Group) Company Limited +28.39% +13.06%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,344 12,964 9,708 4,404 4,780 5,522 - -
Enterprise Value (EV) 1 14,315 12,244 8,912 4,231 4,538 6,727 6,021 6,122
P/E ratio 24.4 x 15.5 x 11.3 x 25.6 x 58.5 x 18.2 x 12.9 x 11 x
Yield 0.78% 0.38% - - - 0.43% 0.81% 1.05%
Capitalization / Revenue 1.01 x 0.75 x 0.52 x 0.32 x 0.38 x 0.38 x 0.35 x 0.33 x
EV / Revenue 1.09 x 0.7 x 0.48 x 0.31 x 0.36 x 0.47 x 0.38 x 0.36 x
EV / EBITDA 15.4 x 8.83 x 6.21 x 11.1 x 13 x 8.54 x 6.38 x 5.8 x
EV / FCF 11.5 x 4 x 13.3 x 6.6 x -8.81 x 19.3 x 10.2 x 9.18 x
FCF Yield 8.69% 25% 7.54% 15.1% -11.4% 5.19% 9.8% 10.9%
Price to Book 4.58 x 3.41 x 2.06 x 0.92 x 0.99 x 1.07 x 1.01 x 0.94 x
Nbr of stocks (in thousands) 1,157,476 1,172,251 1,181,986 1,184,538 1,184,538 1,184,538 - -
Reference price 2 11.53 11.06 8.213 3.718 4.036 4.661 4.661 4.661
Announcement Date 3/9/20 3/26/21 3/21/22 3/13/23 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 13,170 17,400 18,663 13,759 12,531 14,452 15,780 16,881
EBITDA 1 931.9 1,387 1,435 382.7 347.9 787.7 944.5 1,056
EBIT 1 640.5 1,002 935.4 -84.24 289 411.6 520.4 635.5
Operating Margin 4.86% 5.76% 5.01% -0.61% 2.31% 2.85% 3.3% 3.76%
Earnings before Tax (EBT) 1 606.9 970.1 957.3 107.1 68.13 317.4 442.7 558.4
Net income 1 542.4 840.1 863 171.2 81.92 304.4 428.9 503.5
Net margin 4.12% 4.83% 4.62% 1.24% 0.65% 2.11% 2.72% 2.98%
EPS 2 0.4720 0.7140 0.7280 0.1450 0.0690 0.2564 0.3616 0.4254
Free Cash Flow 1 1,243 3,063 672.2 640.8 -515.1 349.4 590.4 666.6
FCF margin 9.44% 17.6% 3.6% 4.66% -4.11% 2.42% 3.74% 3.95%
FCF Conversion (EBITDA) 133.42% 220.9% 46.83% 167.47% - 44.36% 62.51% 63.14%
FCF Conversion (Net income) 229.23% 364.61% 77.9% 374.42% - 114.77% 137.65% 132.38%
Dividend per Share 2 0.0900 0.0420 - - - 0.0199 0.0378 0.0489
Announcement Date 3/9/20 3/26/21 3/21/22 3/13/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1
Net sales 1 8,109 8,802 8,598 9,336 9,327 7,095 6,664 5,477 7,054 6,872 8,134 7,207 8,376 7,700
EBITDA 571.3 - 844.2 881.6 553.8 268.8 - - - - - - - -
EBIT 1 412.7 360.2 641.9 675.5 259.9 37.39 -121.6 -85.6 186.3 93.67 178.7 157 196 209
Operating Margin 5.09% 4.09% 7.47% 7.24% 2.79% 0.53% -1.83% -1.56% 2.64% 1.36% 2.2% 2.18% 2.34% 2.71%
Earnings before Tax (EBT) 1 406.9 375 595.1 656.5 300.8 141.6 -34.51 8.215 59.92 97 219 - - -
Net income 1 361.5 335.5 504.6 570.7 292.2 166.2 4.988 20.8 61.12 101.7 217.7 165 200 219
Net margin 4.46% 3.81% 5.87% 6.11% 3.13% 2.34% 0.07% 0.38% 0.87% 1.48% 2.68% 2.29% 2.39% 2.84%
EPS 2 0.3140 0.2850 0.4290 0.4810 0.2470 0.1400 0.005000 0.0180 0.0510 0.0750 0.1650 0.1400 0.1700 0.1900
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 3/9/20 8/17/20 3/26/21 8/25/21 3/21/22 8/8/22 3/13/23 8/7/23 3/25/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 971 - - - - 1,205 500 600
Net Cash position 1 - 720 796 174 242 - - -
Leverage (Debt/EBITDA) 1.042 x - - - - 1.53 x 0.5293 x 0.5683 x
Free Cash Flow 1 1,243 3,063 672 641 -515 349 590 667
ROE (net income / shareholders' equity) 21.8% 25.3% 20.3% 3.62% 1.71% 5.7% 7.62% 9.04%
ROA (Net income/ Total Assets) 6.35% 7.62% 7.06% 1.35% 0.6% 1.73% 2.56% 3.05%
Assets 1 8,537 11,019 12,226 12,667 13,614 17,631 16,766 16,499
Book Value Per Share 2 2.520 3.240 3.980 4.020 4.080 4.340 4.620 4.970
Cash Flow per Share 2 2.090 3.060 1.350 0.8900 -0.3200 0.5100 0.6600 0.6300
Capex 1 1,156 541 924 408 136 502 467 447
Capex / Sales 8.78% 3.11% 4.95% 2.96% 1.09% 3.47% 2.96% 2.65%
Announcement Date 3/9/20 3/26/21 3/21/22 3/13/23 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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
4.661 CNY
Average target price
4.184 CNY
Spread / Average Target
-10.24%
Consensus
  1. Stock Market
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  3. 1478 Stock
  4. Financials Q Technology (Group) Company Limited