XSHE301008
Market cap297mUSD
Dec 27, Last price
19.68CNY
1D
1.18%
1Q
21.11%
IPO
-59.42%
Name
Zhejiang Hongchang Electrical Technology Co Ltd
Chart & Performance
P/E
25.27
P/S
2.45
EPS
0.78
Div Yield, %
1.60%
Shrs. gr., 5y
—
Rev. gr., 5y
18.09%
Revenues
885m
+7.03%
Net income
86m
+27.72%
CFO
145m
+766.59%
Dividend
Jun 20, 20240.6 CNY/sh
Profile
Zhejiang Hongchang Electrical Technology Co., Ltd. engages in the research, production, and sale of fluid solenoid valves, water level sensors, and modular components in China. The company also offers valves for washing machines, dishwashers, smart toilets, and water purifiers; machine water level sensor; door lock for washing machine; high and low pressure switch for water purifiers; and dispenser and auto dosing. The company was founded in 1996 and is based in Jinhua, China.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | |
| Income | |||||||
Revenues | 884,529 7.03% | 826,419 7.63% | 767,824 33.07% | ||||
Cost of revenue | 767,985 | 735,396 | 678,839 | ||||
Unusual Expense (Income) | |||||||
NOPBT | 116,544 | 91,023 | 88,984 | ||||
NOPBT Margin | 13.18% | 11.01% | 11.59% | ||||
Operating Taxes | 9,573 | 4,500 | 5,177 | ||||
Tax Rate | 8.21% | 4.94% | 5.82% | ||||
NOPAT | 106,971 | 86,523 | 83,808 | ||||
Net income | 85,912 27.72% | 67,264 -1.14% | 68,041 -16.93% | ||||
Dividends | (34,841) | (40,000) | |||||
Dividend yield | 1.03% | 1.39% | |||||
Proceeds from repurchase of equity | |||||||
BB yield | |||||||
| Debt | |||||||
Debt current | 116,566 | 65,793 | 39,555 | ||||
Long-term debt | 334,921 | 11,410 | |||||
Deferred revenue | 19,195 | 8,021 | 5,983 | ||||
Other long-term liabilities | 1 | ||||||
Net debt | (423,660) | (392,227) | (517,088) | ||||
| Cash flow | |||||||
Cash from operating activities | 145,443 | 16,783 | 25,680 | ||||
CAPEX | (148,817) | ||||||
Cash from investing activities | (145,643) | ||||||
Cash from financing activities | 387,446 | 21,732 | 514,400 | ||||
FCF | 15,064 | (71,409) | (1,364) | ||||
| Balance | |||||||
Cash | 875,147 | 463,530 | 550,502 | ||||
Long term investments | 5,901 | 6,141 | |||||
Excess cash | 830,921 | 428,110 | 518,252 | ||||
Stockholders' equity | 326,837 | 307,627 | 226,658 | ||||
Invested Capital | 1,276,390 | 792,067 | 770,752 | ||||
ROIC | 10.34% | 11.07% | 14.56% | ||||
ROCE | 7.27% | 8.27% | 8.92% | ||||
| EV | |||||||
Common stock shares outstanding | 112,000 | 80,000 | 80,000 | ||||
Price | 30.19 29.96% | 23.23 -35.56% | 36.05 | ||||
Market cap | 3,381,279 81.95% | 1,858,400 -35.56% | 2,884,000 | ||||
EV | 2,960,618 | 1,469,031 | 2,369,399 | ||||
EBITDA | 154,131 | 124,553 | 114,957 | ||||
EV/EBITDA | 19.21 | 11.79 | 20.61 | ||||
Interest | 9,300 | 2,400 | 1,898 | ||||
Interest/NOPBT | 7.98% | 2.64% | 2.13% | ||||