Financials Beijing Jingyuntong Technology Co., Ltd.

Equities

601908

CNE100001757

Semiconductors

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
3.58 CNY +2.58% Intraday chart for Beijing Jingyuntong Technology Co., Ltd. +3.17% -21.66%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,285 5,979 20,508 22,142 15,798 11,035
Enterprise Value (EV) 1 11,795 12,094 27,228 25,180 20,479 16,131
P/E ratio 13.7 x 23.1 x 46.8 x 26.2 x 36.5 x 45.7 x
Yield 2.22% - - 0.65% - 0.28%
Capitalization / Revenue 3.09 x 2.91 x 5.06 x 4.01 x 1.3 x 1.05 x
EV / Revenue 5.8 x 5.88 x 6.71 x 4.56 x 1.68 x 1.54 x
EV / EBITDA 10.4 x 15.8 x 17.5 x 12.5 x 12.2 x 13 x
EV / FCF -6.39 x -253 x -34.1 x -17.2 x -29.7 x 17.8 x
FCF Yield -15.7% -0.39% -2.93% -5.81% -3.37% 5.63%
Price to Book 0.91 x 0.84 x 2.71 x 2.04 x 1.42 x 0.97 x
Nbr of stocks (in thousands) 1,995,298 1,993,018 1,993,018 2,414,603 2,404,603 2,414,603
Reference price 2 3.150 3.000 10.29 9.170 6.570 4.570
Announcement Date 4/25/19 4/28/20 3/25/21 3/29/22 4/27/23 4/17/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,034 2,057 4,056 5,526 12,199 10,502
EBITDA 1 1,139 765.1 1,552 2,007 1,672 1,238
EBIT 1 678.7 262.1 957.4 1,394 974.6 489.5
Operating Margin 33.37% 12.74% 23.6% 25.23% 7.99% 4.66%
Earnings before Tax (EBT) 1 451.5 251.5 499.5 1,065 523.8 70.1
Net income 1 452 263.4 440.1 828.2 423.5 236
Net margin 22.22% 12.8% 10.85% 14.99% 3.47% 2.25%
EPS 2 0.2300 0.1300 0.2200 0.3500 0.1800 0.1000
Free Cash Flow 1 -1,847 -47.74 -798.5 -1,462 -689.3 907.8
FCF margin -90.78% -2.32% -19.69% -26.47% -5.65% 8.64%
FCF Conversion (EBITDA) - - - - - 73.32%
FCF Conversion (Net income) - - - - - 384.73%
Dividend per Share 2 0.0700 - - 0.0600 - 0.0130
Announcement Date 4/25/19 4/28/20 3/25/21 3/29/22 4/27/23 4/17/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 5,510 6,115 6,720 3,038 4,681 5,096
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.837 x 7.992 x 4.329 x 1.514 x 2.8 x 4.116 x
Free Cash Flow 1 -1,847 -47.7 -798 -1,462 -689 908
ROE (net income / shareholders' equity) 6.41% 3.88% 5.99% 9.48% 3.93% 1.74%
ROA (Net income/ Total Assets) 2.95% 1.02% 3.55% 4.5% 2.76% 1.32%
Assets 1 15,323 25,842 12,396 18,411 15,349 17,915
Book Value Per Share 2 3.460 3.580 3.800 4.480 4.620 4.720
Cash Flow per Share 2 0.3800 0.5700 0.2900 1.590 1.350 1.310
Capex 1 1,773 814 439 900 311 1,059
Capex / Sales 87.19% 39.54% 10.82% 16.29% 2.55% 10.09%
Announcement Date 4/25/19 4/28/20 3/25/21 3/29/22 4/27/23 4/17/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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