Financials Sanan Optoelectronics Co.,Ltd

Equities

600703

CNE000000KB3

Semiconductors

End-of-day quote Shanghai S.E. 06:00:00 2024-05-29 pm EDT 5-day change 1st Jan Change
12.59 CNY +1.04% Intraday chart for Sanan Optoelectronics Co.,Ltd +0.32% -9.10%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 74,430 120,325 168,244 76,215 69,098 62,334 - -
Enterprise Value (EV) 1 73,428 115,644 170,576 75,825 68,418 61,606 64,637 62,863
P/E ratio 57.4 x 113 x 130 x 114 x 198 x 50.2 x 35.9 x 29.2 x
Yield 0.54% 0.56% 0.27% 0.29% 0.22% 0.62% 1.11% 1.17%
Capitalization / Revenue 9.98 x 14.2 x 13.4 x 5.76 x 4.92 x 3.67 x 3.05 x 2.76 x
EV / Revenue 9.84 x 13.7 x 13.6 x 5.73 x 4.87 x 3.63 x 3.16 x 2.78 x
EV / EBITDA 22.5 x 39.5 x 42.7 x 19.3 x 16.6 x 12.5 x 11 x 11.6 x
EV / FCF - -51,049,911 x -24,923,121 x -23,458,406 x - - - -
FCF Yield - -0% -0% -0% - - - -
Price to Book 3.44 x 4.08 x 5.52 x 2.26 x 1.8 x 1.59 x 1.54 x 1.47 x
Nbr of stocks (in thousands) 4,053,931 4,454,847 4,479,341 4,441,429 4,989,019 4,951,106 - -
Reference price 2 18.36 27.01 37.56 17.16 13.85 12.59 12.59 12.59
Announcement Date 4/23/20 4/27/21 4/25/22 4/27/23 4/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,460 8,454 12,572 13,222 14,053 16,976 20,436 22,575
EBITDA 1 3,267 2,926 3,994 3,921 4,127 4,930 5,869 5,404
EBIT 1 1,592 1,046 1,752 857.9 494.8 577.1 1,466 1,556
Operating Margin 21.33% 12.37% 13.93% 6.49% 3.52% 3.4% 7.18% 6.89%
Earnings before Tax (EBT) 1 1,591 1,161 1,666 854.2 474.6 1,538 2,397 2,543
Net income 1 1,298 1,016 1,313 685.1 366.6 1,289 2,035 2,157
Net margin 17.41% 12.02% 10.44% 5.18% 2.61% 7.59% 9.96% 9.55%
EPS 2 0.3200 0.2400 0.2900 0.1500 0.0700 0.2508 0.3504 0.4309
Free Cash Flow - -2,265 -6,844 -3,232 - - - -
FCF margin - -26.8% -54.44% -24.45% - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1000 0.1500 0.1000 0.0500 0.0300 0.0778 0.1394 0.1477
Announcement Date 4/23/20 4/27/21 4/25/22 4/27/23 4/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 3,568 3,041 6,458 3,107 3,655 3,250 3,210 2,908 3,562 3,686 3,897 3,557 4,205 4,429 4,577 4,412 4,258
EBITDA 1 - 280.2 - 845 840 756.6 - - - - - - 775.5 1,109 1,082 1,107 1,054
EBIT 1 - 157 691.2 510.1 524.4 119.6 -296.2 241 -25.96 37.82 241.9 208.3 60.69 179.5 248.6 92.98 -
Operating Margin - 5.16% 10.7% 16.42% 14.35% 3.68% -9.23% 8.29% -0.73% 1.03% 6.21% 5.86% 1.44% 4.05% 5.43% 2.11% -
Earnings before Tax (EBT) 1 - 76.58 612.3 509.8 545.8 122.5 -323.9 243.4 -32.91 36.88 227.3 198.8 314.7 402.4 494.2 423.3 351.9
Net income 1 634.8 26.97 429.4 428.9 502.9 54.91 -301.7 213.5 -43.59 2.644 194 118.7 284.3 335.3 437.4 362.2 297.6
Net margin 17.79% 0.89% 6.65% 13.8% 13.76% 1.69% -9.4% 7.34% -1.22% 0.07% 4.98% 3.34% 6.76% 7.57% 9.56% 8.21% 6.99%
EPS 2 - - 0.0900 0.1000 0.1100 0.0100 -0.0700 0.0400 -0.0100 - 0.0400 0.0200 0.0602 0.0815 0.0884 0.0717 0.0748
Dividend per Share 2 - 0.1000 - - - - - - - - - - - - 0.0844 - -
Announcement Date 8/18/20 4/25/22 4/25/22 4/25/22 8/25/22 10/28/22 4/27/23 4/27/23 8/4/23 10/27/23 4/26/24 4/26/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 2,332 - - - 2,302 528
Net Cash position 1 1,002 4,681 - 390 679 729 - -
Leverage (Debt/EBITDA) - - 0.5838 x - - - 0.3923 x 0.0978 x
Free Cash Flow - -2,265 -6,844 -3,232 - - - -
ROE (net income / shareholders' equity) 6% 3.98% 4.38% 2.22% 0.97% 3.15% 4.33% 5.12%
ROA (Net income/ Total Assets) 4.3% 2.96% 3.04% - - 1.8% 2.7% -
Assets 1 30,232 34,334 43,248 - - 71,602 75,367 -
Book Value Per Share 2 5.330 6.620 6.800 7.610 7.680 7.900 8.190 8.580
Cash Flow per Share 2 0.6800 0.4300 0.3600 0.1600 0.8000 0.4900 0.5800 -
Capex 1 2,997 4,200 8,452 4,032 2,282 3,537 2,359 3,700
Capex / Sales 40.18% 49.68% 67.23% 30.5% 16.24% 20.84% 11.54% 16.39%
Announcement Date 4/23/20 4/27/21 4/25/22 4/27/23 4/26/24 - - -
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
D
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
12.59 CNY
Average target price
13.71 CNY
Spread / Average Target
+8.90%
Consensus
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