Financials Beijing United Information Technology Co.,Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
21.5 ^CNY	-3.11%		+8.97%	-2.32%

2023	Beijing United Information Technology Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023	CI
2023	Tranche Update on Beijing United Information Technology Co.,Ltd.'s Equity Buyback Plan announced on December 20, 2022.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	10,655	30,377	36,969	44,101	15,530	15,530	-
Enterprise Value (EV) ¹	10,655	30,377	36,969	44,101	15,530	15,530	15,530
P/E ratio	57.3 x	87.1 x	64.4 x	39.1 x	9.35 x	6.5 x	4.68 x
Yield	-	-	0.16%	0.26%	-	-	-
Capitalization / Revenue	1.48 x	1.77 x	0.99 x	1.1 x	0.26 x	0.18 x	0.13 x
EV / Revenue	1.48 x	1.77 x	0.99 x	1.1 x	0.26 x	0.18 x	0.13 x
EV / EBITDA	44.1 x	65.5 x	39.3 x	24.5 x	5.99 x	4.13 x	2.98 x
EV / FCF	-	-	-	36,831,403 x	-	-	-
FCF Yield	-	-	-	0%	-	-	-
Price to Book	9.87 x	8.04 x	8.54 x	8.15 x	2.2 x	1.64 x	1.22 x
Nbr of stocks (in thousands)	622,474	723,050	723,050	723,050	722,333	722,333	-
Reference price ²	17.12	42.01	51.13	60.99	21.50	21.50	21.50
Announcement Date	3/19/20	3/29/21	2/23/22	4/27/23	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	3,674	7,198	17,158	37,348	40,269	60,013	86,272	118,064
EBITDA ¹	-	241.6	463.8	941.5	1,800	2,591	3,757	5,220
EBIT ¹	-	238.4	458.2	928.8	1,774	2,639	3,805	5,267
Operating Margin	-	3.31%	2.67%	2.49%	4.41%	4.4%	4.41%	4.46%
Earnings before Tax (EBT) ¹	-	242.6	470.1	931.5	1,778	2,643	3,810	5,272
Net income ¹	-	158.9	304.5	574.2	1,126	1,661	2,394	3,313
Net margin	-	2.21%	1.77%	1.54%	2.8%	2.77%	2.77%	2.81%
EPS ²	-	0.2986	0.4822	0.7943	1.559	2.300	3.310	4.590
Free Cash Flow	-	-	-	-	1,197	-	-	-
FCF margin	-	-	-	-	2.97%	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	66.51%	-	-	-
FCF Conversion (Net income)	-	-	-	-	106.36%	-	-	-
Dividend per Share	-	-	-	0.0804	0.1566	-	-	-
Announcement Date	7/9/19	3/19/20	3/29/21	2/23/22	4/27/23	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	1,197	-	-	-
ROE (net income / shareholders' equity)	-	22.2%	21.4%	14.2%	23.2%	25.4%	26.8%	27.1%
ROA (Net income/ Total Assets)	-	-	-	7.09%	10.1%	-	-	-
Assets ¹	-	-	-	8,104	11,180	-	-	-
Book Value Per Share ²	-	1.730	5.230	5.980	7.480	9.790	13.10	17.70
Cash Flow per Share ²	-	0.6100	1.070	0.3800	1.900	1.150	0.8100	1.250
Capex ¹	-	3.76	114	78.1	174	156	206	271
Capex / Sales	-	0.05%	0.67%	0.21%	0.43%	0.26%	0.24%	0.23%
Announcement Date	7/9/19	3/19/20	3/29/21	2/23/22	4/27/23	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

21.5 CNY

Average target price

41.4 CNY

Spread / Average Target

+92.56%

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