Financials Beken Corporation

Equities

603068

CNE100003LL3

Semiconductors

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
19.59 CNY +3.43% Intraday chart for Beken Corporation +8.41% -32.80%

Valuation

Fiscal Period: December 2019 2020 2021 2022
Capitalization 1 12,494 9,242 8,103 4,305
Enterprise Value (EV) 1 11,708 7,889 6,688 3,254
P/E ratio 45.5 x 355 x 137 x -18 x
Yield 0.41% 0.23% 0.37% -
Capitalization / Revenue 10.6 x 11.4 x 7.4 x 6.04 x
EV / Revenue 9.97 x 9.75 x 6.11 x 4.56 x
EV / EBITDA 45.2 x 276 x 188 x -10.9 x
EV / FCF -225 x -76.4 x 60.3 x -18.5 x
FCF Yield -0.44% -1.31% 1.66% -5.4%
Price to Book 9.9 x 5.15 x 4 x 2.38 x
Nbr of stocks (in thousands) 138,714 108,373 151,280 151,280
Reference price 2 90.07 85.28 53.56 28.46
Announcement Date 4/9/20 4/28/21 4/29/22 4/26/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 565.3 546.1 1,175 808.7 1,095 713.2
EBITDA 1 108.5 117.2 259.2 28.54 35.51 -299.2
EBIT 1 96.96 108.4 255 24.31 24.84 -311.7
Operating Margin 17.15% 19.85% 21.71% 3.01% 2.27% -43.7%
Earnings before Tax (EBT) 1 94.33 133.6 275.5 29.52 51.94 -245
Net income 1 87.43 123.9 252.4 33.22 58.46 -238.1
Net margin 15.47% 22.69% 21.49% 4.11% 5.34% -33.38%
EPS 2 0.8400 1.190 1.980 0.2400 0.3900 -1.580
Free Cash Flow 1 -163 26.36 -52.04 -103.3 110.9 -175.6
FCF margin -28.84% 4.83% -4.43% -12.77% 10.13% -24.62%
FCF Conversion (EBITDA) - 22.49% - - 312.33% -
FCF Conversion (Net income) - 21.28% - - 189.72% -
Dividend per Share - 0.2000 0.3700 0.2000 0.2000 -
Announcement Date 5/18/18 3/25/19 4/9/20 4/28/21 4/29/22 4/26/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 99.3 185 786 1,353 1,414 1,052
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -163 26.4 -52 -103 111 -176
ROE (net income / shareholders' equity) 32.8% 33.3% 29.8% 2.04% 2.91% -12.6%
ROA (Net income/ Total Assets) 13% 14.7% 14.9% 0.8% 0.69% -8.95%
Assets 1 674.7 844.3 1,691 4,129 8,494 2,660
Book Value Per Share 2 2.980 4.180 9.100 16.60 13.40 12.00
Cash Flow per Share 2 0.9500 1.570 6.080 11.20 9.770 7.170
Capex 1 8.3 3.99 26.7 150 46.7 35.9
Capex / Sales 1.47% 0.73% 2.27% 18.57% 4.27% 5.04%
Announcement Date 5/18/18 3/25/19 4/9/20 4/28/21 4/29/22 4/26/23
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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