Financials Shenzhen Highpower Technology Co., Ltd.

Equities

001283

CNE100005JF4

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-06-26 pm EDT 5-day change 1st Jan Change
41.79 CNY +1.56% Intraday chart for Shenzhen Highpower Technology Co., Ltd. +2.78% -19.48%

Valuation

Fiscal Period: December 2022 2023
Capitalization 1 4,167 4,271
Enterprise Value (EV) 1 3,725 4,395
P/E ratio 21.8 x 83.7 x
Yield 0.58% 0.92%
Capitalization / Revenue 1.19 x 0.94 x
EV / Revenue 1.06 x 0.97 x
EV / EBITDA 11.8 x 18.2 x
EV / FCF -8,887,528 x -10,872,666 x
FCF Yield -0% -0%
Price to Book 1.85 x 1.64 x
Nbr of stocks (in thousands) 80,000 82,294
Reference price 2 52.09 51.90
Announcement Date 3/28/23 4/26/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,915 2,071 2,624 3,318 3,506 4,541
EBITDA 1 125.4 243.9 336.3 323.6 315.3 241.2
EBIT 1 90.25 197.6 278.1 244.8 196.2 73.61
Operating Margin 4.71% 9.54% 10.6% 7.38% 5.6% 1.62%
Earnings before Tax (EBT) 1 89.09 179.4 289.3 266.3 151.4 20.11
Net income 1 79.95 150.8 167.3 253.9 159.1 50.3
Net margin 4.18% 7.28% 6.38% 7.65% 4.54% 1.11%
EPS - - 3.260 4.230 2.390 0.6200
Free Cash Flow - 88.54 -35.07 -340.5 -419.2 -404.3
FCF margin - 4.28% -1.34% -10.26% -11.96% -8.9%
FCF Conversion (EBITDA) - 36.29% - - - -
FCF Conversion (Net income) - 58.71% - - - -
Dividend per Share - - - - 0.3000 0.4800
Announcement Date 6/22/21 6/22/21 6/22/21 3/28/23 3/28/23 4/26/24
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 124 - 124
Net Cash position 1 172 265 328 - 442 -
Leverage (Debt/EBITDA) - - - 0.3846 x - 0.515 x
Free Cash Flow - 88.5 -35.1 -341 -419 -404
ROE (net income / shareholders' equity) - 26% 21.5% 24.8% 9.35% 2.09%
ROA (Net income/ Total Assets) - 6.41% 7.57% 4.86% 2.89% 0.68%
Assets 1 - 2,352 2,209 5,228 5,510 7,361
Book Value Per Share - - 15.00 19.20 28.10 31.70
Cash Flow per Share - - 8.390 7.450 12.60 27.00
Capex 1 96.5 118 436 556 708 1,389
Capex / Sales 5.04% 5.7% 16.63% 16.76% 20.21% 30.58%
Announcement Date 6/22/21 6/22/21 6/22/21 3/28/23 3/28/23 4/26/24
1CNY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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