Financials Aoshikang Technology Co., Ltd.

Equities

002913

CNE100003357

Semiconductors

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
25.88 CNY +5.55% Intraday chart for Aoshikang Technology Co., Ltd. +3.52% -15.56%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,876 8,759 8,903 12,444 7,836 9,727
Enterprise Value (EV) 1 4,933 7,719 8,393 12,358 8,233 10,378
P/E ratio 24 x 32.2 x 25.2 x 24.7 x 25.1 x 18.8 x
Yield 1.13% 0.84% 2.08% 2.17% - -
Capitalization / Revenue 2.63 x 3.85 x 3.06 x 2.81 x 1.72 x 2.25 x
EV / Revenue 2.21 x 3.39 x 2.88 x 2.79 x 1.8 x 2.4 x
EV / EBITDA 14.6 x 20.9 x 16.4 x 17.4 x 14.8 x 10.3 x
EV / FCF -33 x 12.9 x -16.9 x -16.8 x -11.9 x -25.1 x
FCF Yield -3.03% 7.78% -5.9% -5.95% -8.38% -3.99%
Price to Book 2.7 x 3.6 x 3.23 x 3.58 x 2.04 x 2.4 x
Nbr of stocks (in thousands) 294,369 295,959 295,736 317,361 321,557 317,361
Reference price 2 19.96 29.60 30.10 39.21 24.37 30.65
Announcement Date 4/22/19 3/22/20 4/27/21 4/19/22 4/28/23 4/24/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,235 2,276 2,911 4,435 4,567 4,330
EBITDA 1 336.8 368.8 510.6 709.8 554.7 1,008
EBIT 1 231.9 252.6 357.3 495.5 218.7 618.6
Operating Margin 10.38% 11.1% 12.27% 11.17% 4.79% 14.29%
Earnings before Tax (EBT) 1 276.7 300.8 390.5 525.7 345.3 581.3
Net income 1 238.9 267.5 349.2 490.2 306.8 518.6
Net margin 10.69% 11.75% 12% 11.05% 6.72% 11.98%
EPS 2 0.8300 0.9200 1.195 1.585 0.9700 1.630
Free Cash Flow 1 -149.4 600.5 -495.6 -735.1 -689.6 -413.6
FCF margin -6.68% 26.38% -17.03% -16.57% -15.1% -9.55%
FCF Conversion (EBITDA) - 162.82% - - - -
FCF Conversion (Net income) - 224.48% - - - -
Dividend per Share 2 0.2250 0.2500 0.6250 0.8500 - -
Announcement Date 4/22/19 3/22/20 4/27/21 4/19/22 4/28/23 4/24/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - 397 651
Net Cash position 1 943 1,040 510 85.3 - -
Leverage (Debt/EBITDA) - - - - 0.7149 x 0.6454 x
Free Cash Flow 1 -149 601 -496 -735 -690 -414
ROE (net income / shareholders' equity) 11.5% 11.6% 13.5% 15.6% 8.39% 13.1%
ROA (Net income/ Total Assets) 4.79% 4.73% 5.58% 5.22% 1.81% 5.13%
Assets 1 4,990 5,660 6,264 9,389 16,967 10,100
Book Value Per Share 2 7.390 8.230 9.310 10.90 11.90 12.80
Cash Flow per Share 2 0.6000 0.9000 0.9100 2.460 3.730 1.800
Capex 1 342 415 920 1,504 1,150 618
Capex / Sales 15.31% 18.25% 31.6% 33.9% 25.18% 14.27%
Announcement Date 4/22/19 3/22/20 4/27/21 4/19/22 4/28/23 4/24/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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