XSHE301006
Market cap260mUSD
Dec 25, Last price
13.80CNY
1D
-2.54%
1Q
6.73%
IPO
-54.09%
Name
Meter Instruments Co Ltd
Chart & Performance
P/E
16.95
P/S
4.98
EPS
0.81
Div Yield, %
2.56%
Shrs. gr., 5y
6.03%
Rev. gr., 5y
15.15%
Revenues
382m
+6.57%
Net income
112m
+2.87%
CFO
68m
+77.60%
Dividend
Jul 09, 20240.30244 CNY/sh
Profile
Meter Instruments Co., Ltd research, develops, produces, and sells water meter. It offers ultrasonic water meters, ultrasonic heat meters, smart flow meters, data concentrators, balancing and control valves, and fire hydrant flowmeter products. The company was founded in 2006 and is based in Nanjing, China.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | |
| Income | ||||||||
Revenues | 382,019 6.57% | 358,475 -12.27% | 408,630 -2.82% | |||||
Cost of revenue | 240,858 | 232,384 | 237,494 | |||||
Unusual Expense (Income) | ||||||||
NOPBT | 141,161 | 126,091 | 171,136 | |||||
NOPBT Margin | 36.95% | 35.17% | 41.88% | |||||
Operating Taxes | 17,736 | 16,396 | 22,472 | |||||
Tax Rate | 12.56% | 13.00% | 13.13% | |||||
NOPAT | 123,425 | 109,695 | 148,664 | |||||
Net income | 112,276 2.87% | 109,141 -22.12% | 140,138 -19.59% | |||||
Dividends | (48,748) | (27,856) | (69,640) | |||||
Dividend yield | 1.93% | 1.28% | 2.08% | |||||
Proceeds from repurchase of equity | (16,051) | |||||||
BB yield | 0.48% | |||||||
| Debt | ||||||||
Debt current | 176 | 24,349 | ||||||
Long-term debt | 27 | 174 | ||||||
Deferred revenue | 11,188 | 4,255 | ||||||
Other long-term liabilities | 1 | 1 | ||||||
Net debt | (695,251) | (725,014) | (758,307) | |||||
| Cash flow | ||||||||
Cash from operating activities | 68,400 | 38,513 | 98,183 | |||||
CAPEX | (46,923) | |||||||
Cash from investing activities | (40,288) | 36,626 | (124,530) | |||||
Cash from financing activities | (48,748) | (27,856) | 382,266 | |||||
FCF | 35,501 | 13,177 | 113,990 | |||||
| Balance | ||||||||
Cash | 695,251 | 713,691 | 782,574 | |||||
Long term investments | 2 | 11,673 | 83 | |||||
Excess cash | 676,150 | 707,440 | 762,225 | |||||
Stockholders' equity | 686,016 | 1,162,044 | 537,480 | |||||
Invested Capital | 562,665 | 437,807 | 549,423 | |||||
ROIC | 24.67% | 22.22% | 36.53% | |||||
ROCE | 11.38% | 11.00% | 15.74% | |||||
| EV | ||||||||
Common stock shares outstanding | 139,280 | 139,280 | 139,280 | |||||
Price | 18.11 16.02% | 15.61 -35.20% | 24.09 | |||||
Market cap | 2,522,361 16.02% | 2,174,161 -35.20% | 3,355,255 | |||||
EV | 1,827,110 | 1,449,147 | 2,596,948 | |||||
EBITDA | 148,329 | 131,362 | 176,186 | |||||
EV/EBITDA | 12.32 | 11.03 | 14.74 | |||||
Interest | 41 | 30 | 49 | |||||
Interest/NOPBT | 0.03% | 0.02% | 0.03% | |||||