Financials Keystone Technology Co.,Ltd.

Equities

605588

CNE1000050R9

Electronic Equipment & Parts

End-of-day quote Shanghai S.E. 06:00:00 2024-05-21 pm EDT 5-day change 1st Jan Change
39.48 CNY +0.53% Intraday chart for Keystone Technology Co.,Ltd. +4.28% -23.64%

Valuation

Fiscal Period: December 2021 2022 2023
Capitalization 1 2,881 2,105 3,806
Enterprise Value (EV) 1 2,435 1,612 3,766
P/E ratio 24.3 x 25.7 x 72.8 x
Yield 0.34% 0.39% 0.14%
Capitalization / Revenue 2.06 x 1.9 x 4.25 x
EV / Revenue 1.74 x 1.45 x 4.21 x
EV / EBITDA 20.5 x 17 x 47.6 x
EV / FCF -36.9 x 54.4 x -7.86 x
FCF Yield -2.71% 1.84% -12.7%
Price to Book 3.09 x 2.09 x 3.61 x
Nbr of stocks (in thousands) 73,100 73,100 73,609
Reference price 2 39.41 28.80 51.70
Announcement Date 4/25/22 4/27/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 450 835.4 1,105 1,397 1,108 894.4
EBITDA 1 81.36 110.9 118.5 118.6 94.88 79.05
EBIT 1 79.87 109.4 107.8 102.9 72.39 55.03
Operating Margin 17.75% 13.1% 9.75% 7.37% 6.53% 6.15%
Earnings before Tax (EBT) 1 80.49 108 106.2 114.7 90.46 54.68
Net income 1 67.83 91.66 90.75 98.66 81.63 52.22
Net margin 15.07% 10.97% 8.21% 7.06% 7.37% 5.84%
EPS - 1.672 1.660 1.620 1.120 0.7100
Free Cash Flow 1 2.998 74.84 -43.59 -65.99 29.62 -479.2
FCF margin 0.67% 8.96% -3.94% -4.72% 2.67% -53.57%
FCF Conversion (EBITDA) 3.68% 67.5% - - 31.22% -
FCF Conversion (Net income) 4.42% 81.66% - - 36.29% -
Dividend per Share - - - 0.1350 0.1120 0.0720
Announcement Date 7/3/20 7/3/20 7/27/21 4/25/22 4/27/23 4/29/24
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 36.1 49.1 7.85 446 494 39.6
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 3 74.8 -43.6 -66 29.6 -479
ROE (net income / shareholders' equity) 29.2% 33.4% 27.5% 15.1% 8.42% 5.07%
ROA (Net income/ Total Assets) 13.2% 13% 9.41% 6.14% 3.46% 2.22%
Assets 1 515.2 703.3 964.1 1,608 2,360 2,352
Book Value Per Share - 5.140 6.850 12.80 13.80 14.30
Cash Flow per Share - 1.360 2.860 6.020 6.180 5.640
Capex 1 22.2 29.4 99.2 85.7 72.8 447
Capex / Sales 4.93% 3.52% 8.97% 6.14% 6.57% 49.96%
Announcement Date 7/3/20 7/3/20 7/27/21 4/25/22 4/27/23 4/29/24
1CNY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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