Financials China Satellite Communications Co., Ltd.

Equities

601698

CNE100003PX9

Wireless Telecommunications Services

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
15.26 CNY +1.06% Intraday chart for China Satellite Communications Co., Ltd. +0.79% -11.84%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 45,280 72,560 57,560 48,242 73,124
Enterprise Value (EV) 1 40,214 67,022 51,718 41,100 66,058
P/E ratio 96.3 x 148 x 101 x 50.1 x 210 x
Yield 0.11% 0.2% 0.2% 0.38% 0.14%
Capitalization / Revenue 16.6 x 26.8 x 21.9 x 17.6 x 28 x
EV / Revenue 14.7 x 24.7 x 19.6 x 15 x 25.3 x
EV / EBITDA 19.3 x 33.5 x 26 x 20.6 x 35.3 x
EV / FCF -91.8 x 353 x 73.9 x -35.7 x 1,301 x
FCF Yield -1.09% 0.28% 1.35% -2.8% 0.08%
Price to Book 4.01 x 6.26 x 4.79 x 3.19 x 4.78 x
Nbr of stocks (in thousands) 4,000,000 4,000,000 4,000,000 4,224,385 4,224,385
Reference price 2 11.32 18.14 14.39 11.42 17.31
Announcement Date 4/16/20 4/26/21 4/28/22 4/27/23 4/1/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,694 2,734 2,710 2,634 2,733 2,616
EBITDA 1 2,140 2,083 1,999 1,987 1,996 1,869
EBIT 1 899.5 742.1 685.3 784.1 772.1 682.4
Operating Margin 33.39% 27.14% 25.28% 29.77% 28.25% 26.09%
Earnings before Tax (EBT) 1 891 806.7 740.7 845.1 915.5 608.9
Net income 1 418.3 446.4 488.8 572.3 920.7 348.8
Net margin 15.53% 16.33% 18.03% 21.73% 33.69% 13.33%
EPS 2 0.1162 0.1175 0.1222 0.1431 0.2281 0.0826
Free Cash Flow 1 446.1 -437.8 189.9 700.2 -1,152 50.76
FCF margin 16.56% -16.01% 7.01% 26.58% -42.15% 1.94%
FCF Conversion (EBITDA) 20.84% - 9.5% 35.23% - 2.72%
FCF Conversion (Net income) 106.65% - 38.85% 122.35% - 14.55%
Dividend per Share - 0.0120 0.0360 0.0290 0.0436 0.0248
Announcement Date 6/9/19 4/16/20 4/26/21 4/28/22 4/27/23 4/1/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,261 5,066 5,538 5,842 7,142 7,066
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 446 -438 190 700 -1,152 50.8
ROE (net income / shareholders' equity) 5.69% 4.78% 4.21% 4.66% 6.2% 2.63%
ROA (Net income/ Total Assets) 3.32% 2.63% 2.35% 2.62% 2.32% 1.89%
Assets 1 12,606 16,991 20,799 21,837 39,625 18,438
Book Value Per Share 2 2.710 2.830 2.900 3.000 3.580 3.620
Cash Flow per Share 2 0.7300 1.020 1.010 1.220 1.500 1.710
Capex 1 1,117 1,896 1,371 1,356 2,395 1,648
Capex / Sales 41.45% 69.35% 50.57% 51.48% 87.64% 62.99%
Announcement Date 6/9/19 4/16/20 4/26/21 4/28/22 4/27/23 4/1/24
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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