Financials 37 Interactive Entertainment Network Technology Group Co., Ltd.

Equities

002555

CNE1000010N2

Internet Services

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
16.56 CNY +2.35% Intraday chart for 37 Interactive Entertainment Network Technology Group Co., Ltd. +0.36% -11.96%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 56,281 65,966 59,486 40,143 41,625 36,520 - -
Enterprise Value (EV) 1 54,410 63,757 55,357 36,284 37,520 30,532 28,030 29,208
P/E ratio 26.9 x 23.8 x 20.6 x 13.5 x 15.7 x 12 x 9.27 x 9.37 x
Yield 1.11% 0.64% 1.37% 2.49% 1.97% 5.95% 6.22% 7.17%
Capitalization / Revenue 4.25 x 4.58 x 3.67 x 2.45 x 2.52 x 1.89 x 1.72 x 1.6 x
EV / Revenue 4.11 x 4.43 x 3.41 x 2.21 x 2.27 x 1.58 x 1.32 x 1.28 x
EV / EBITDA 19.6 x 18.9 x 16.1 x 10.4 x 11.7 x 8.58 x 6.23 x 6.61 x
EV / FCF - - 16.7 x 11.2 x 20.4 x 4.47 x 11 x -
FCF Yield - - 6% 8.93% 4.9% 22.4% 9.06% -
Price to Book 8.09 x 10.9 x 5.56 x 3.29 x 3.28 x 2.48 x 2.05 x 1.87 x
Nbr of stocks (in thousands) 2,089,904 2,112,252 2,201,563 2,217,864 2,212,902 2,205,325 - -
Reference price 2 26.93 31.23 27.02 18.10 18.81 16.56 16.56 16.56
Announcement Date 2/28/20 3/12/21 4/25/22 4/27/23 4/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 13,227 14,400 16,216 16,406 16,547 19,278 21,210 22,848
EBITDA 1 2,783 3,373 3,432 3,499 3,217 3,557 4,501 4,421
EBIT 1 2,672 3,256 3,261 3,309 3,041 3,374 4,239 4,385
Operating Margin 20.2% 22.61% 20.11% 20.17% 18.38% 17.5% 19.99% 19.19%
Earnings before Tax (EBT) 1 2,696 3,249 3,248 3,302 3,048 3,526 4,517 4,568
Net income 1 2,115 2,761 2,876 2,954 2,659 2,999 3,899 3,918
Net margin 15.99% 19.17% 17.73% 18.01% 16.07% 15.56% 18.38% 17.15%
EPS 2 1.000 1.310 1.310 1.340 1.200 1.377 1.786 1.768
Free Cash Flow 1 - - 3,319 3,240 1,838 6,835 2,539 -
FCF margin - - 20.47% 19.75% 11.11% 35.45% 11.97% -
FCF Conversion (EBITDA) - - 96.71% 92.62% 57.14% 192.16% 56.41% -
FCF Conversion (Net income) - - 115.43% 109.68% 69.14% 227.87% 65.12% -
Dividend per Share 2 0.3000 0.2000 0.3700 0.4500 0.3700 0.9858 1.030 1.188
Announcement Date 2/28/20 3/12/21 4/25/22 4/27/23 4/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 4,572 4,106 - 4,003 - 3,586 4,728 3,765 3,996 4,282 4,504 4,708 4,769 4,765 4,887
EBITDA - - - - - 646.1 - - - - - - - - -
EBIT 1 912.3 1,344 - 1,000 - 641.5 816.5 852.7 545.4 1,073 569.4 667.2 900.1 959.2 886.6
Operating Margin 19.95% 32.72% - 24.99% - 17.89% 17.27% 22.65% 13.65% 25.07% 12.64% 14.17% 18.88% 20.13% 18.14%
Earnings before Tax (EBT) 1 912.4 1,330 - 1,002 - 638.8 809.3 - 546.1 1,073 562.7 730.5 896.2 1,030 1,097
Net income 1 867.5 1,154 760 935.2 1,695 561.6 697.6 774.6 451.5 966.2 466.3 630.9 771.7 885.6 942.5
Net margin 18.97% 28.12% - 23.36% - 15.66% 14.76% 20.57% 11.3% 22.56% 10.35% 13.4% 16.18% 18.59% 19.28%
EPS 2 0.4100 0.5100 0.3500 0.4200 - 0.2500 0.3200 0.3500 0.2000 0.4400 0.2100 0.2845 0.3480 0.3993 0.4250
Dividend per Share 2 - - - 0.3500 - - - - - - - - - - 0.5733
Announcement Date 10/29/21 4/25/22 4/29/22 8/30/22 8/30/22 10/30/22 4/27/23 4/28/23 8/30/23 10/30/23 4/19/24 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 1,871 2,209 4,129 3,860 4,104 5,989 8,491 7,312
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 3,319 3,240 1,838 6,835 2,539 -
ROE (net income / shareholders' equity) 32.7% 34.8% 30.2% 25.4% 20.8% 21.8% 22.3% 21%
ROA (Net income/ Total Assets) 22.8% 26.8% 25% - - 15.2% 17.3% 14.3%
Assets 1 9,270 10,303 11,487 - - 19,712 22,491 27,493
Book Value Per Share 2 3.330 2.860 4.860 5.490 5.730 6.670 8.070 8.850
Cash Flow per Share 2 1.540 1.390 1.650 1.600 1.420 1.290 1.770 1.680
Capex 1 366 1,072 340 317 1,309 510 434 375
Capex / Sales 2.76% 7.44% 2.09% 1.93% 7.91% 2.64% 2.04% 1.64%
Announcement Date 2/28/20 3/12/21 4/25/22 4/27/23 4/19/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
16.56 CNY
Average target price
25.9 CNY
Spread / Average Target
+56.39%
Consensus
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  4. Financials 37 Interactive Entertainment Network Technology Group Co., Ltd.