Financials Broadex Technologies Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
23.83 ^CNY	-2.50%		+8.61%	-11.64%

Apr. 26	Broadex Technologies Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Mar. 25	Broadex Technologies Co., Ltd. Proposes Final Dividend for the Year 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,797	5,211	5,740	4,427	7,715	6,824	-	-
Enterprise Value (EV) ¹	5,797	5,211	5,740	4,427	7,715	6,824	6,824	6,824
P/E ratio	773 x	59.7 x	34.4 x	22.8 x	89.9 x	32.2 x	23.3 x	24.2 x
Yield	-	-	1.21%	1.3%	0.3%	0.72%	0.97%	1.15%
Capitalization / Revenue	14.2 x	6.71 x	4.97 x	3.02 x	4.6 x	3.34 x	2.65 x	2.42 x
EV / Revenue	14.2 x	6.71 x	4.97 x	3.02 x	4.6 x	3.34 x	2.65 x	2.42 x
EV / EBITDA	211 x	43.1 x	28.3 x	17.8 x	43.6 x	31.1 x	18.8 x	19.5 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	9.35 x	7.21 x	-	2.62 x	4.71 x	3.84 x	2.98 x	3.05 x
Nbr of stocks (in thousands)	225,099	225,597	260,575	262,133	286,045	286,345	-	-
Reference price ²	25.75	23.10	22.03	16.89	26.97	23.83	23.83	23.83
Announcement Date	2/28/20	3/16/21	4/7/22	3/23/23	3/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	407.2	776.7	1,154	1,467	1,675	2,042	2,577	2,818
EBITDA ¹	27.44	120.9	202.7	248.6	176.8	219.5	363.8	349.6
EBIT ¹	9.165	98.34	174.5	218.4	125.3	199.8	319.6	344.3
Operating Margin	2.25%	12.66%	15.12%	14.89%	7.48%	9.79%	12.4%	12.22%
Earnings before Tax (EBT) ¹	9.201	97.53	-	218.5	116.6	240.7	347.4	387.8
Net income ¹	7.784	88.46	-	194.2	81.47	212.3	293	281.9
Net margin	1.91%	11.39%	-	13.24%	4.86%	10.4%	11.37%	10%
EPS ²	0.0333	0.3867	0.6400	0.7400	0.3000	0.7406	1.023	0.9858
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	0.2667	0.2200	0.0800	0.1707	0.2323	0.2743
Announcement Date	2/28/20	3/16/21	4/7/22	3/23/23	3/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	1.27%	13.2%	12.7%	12.1%	4.52%	11.7%	13.2%	13.1%
ROA (Net income/ Total Assets)	1.05%	-	-	-	2.49%	4.72%	6.03%	6.38%
Assets ¹	742	-	-	-	3,269	4,497	4,859	4,419
Book Value Per Share ²	2.760	3.200	-	6.450	5.730	6.210	8.010	7.820
Cash Flow per Share ²	-0.0300	-0.2300	-	0	0.2900	0.9000	1.170	1.560
Capex ¹	56.1	-	-	55.7	218	75	84	87
Capex / Sales	13.78%	-	-	3.79%	13.03%	3.67%	3.26%	3.09%
Announcement Date	2/28/20	3/16/21	4/7/22	3/23/23	3/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

23.83 CNY

Average target price

15.5 CNY

Spread / Average Target

-34.96%

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