DBAPPSECURITY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 56.26 CNY | +3.86% |
|
+10.62% | -49.27% |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 19,267 | 19,684 | 15,608 | 8,719 | 4,423 | - | - |
| Enterprise Value (EV) 1 | 18,061 | 18,505 | 14,802 | 8,400 | 3,311 | 3,091 | 3,256 |
| P/E ratio | 144 x | 1,393 x | -61.3 x | -24.2 x | -234 x | 20.4 x | 15.8 x |
| Yield | 0.08% | - | - | - | 0.02% | 0.97% | - |
| Capitalization / Revenue | 14.6 x | 10.8 x | 7.88 x | 4.02 x | 1.81 x | 1.24 x | 1.03 x |
| EV / Revenue | 13.7 x | 10.2 x | 7.48 x | 3.87 x | 1.36 x | 0.86 x | 0.76 x |
| EV / EBITDA | 102 x | 1,100 x | -63.8 x | -30.1 x | -87.9 x | 10.9 x | 14.4 x |
| EV / FCF | 118 x | -53.8 x | -38.6 x | -19.4 x | 18.3 x | -562 x | 26.5 x |
| FCF Yield | 0.85% | -1.86% | -2.59% | -5.17% | 5.47% | -0.18% | 3.78% |
| Price to Book | 11.5 x | 6.37 x | 5.37 x | 3.42 x | 1.29 x | 1.4 x | 1.2 x |
| Nbr of stocks (in thousands) | 74,074 | 78,505 | 78,826 | 78,626 | 78,626 | - | - |
| Reference price 2 | 260.1 | 250.7 | 198.0 | 110.9 | 56.26 | 56.26 | 56.26 |
| Announcement Date | 2/27/21 | 2/27/22 | 4/28/23 | 2/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,323 | 1,820 | 1,980 | 2,170 | 2,439 | 3,579 | 4,303 |
| EBITDA 1 | - | 177 | 16.82 | -232.1 | -279.1 | -37.68 | 283.4 | 226.9 |
| EBIT 1 | - | 139.8 | -40.84 | -325.3 | -365.1 | 19 | 263.9 | - |
| Operating Margin | - | 10.57% | -2.24% | -16.43% | -16.83% | 0.78% | 7.37% | - |
| Earnings before Tax (EBT) 1 | - | 130.9 | -44.11 | -330.3 | -367.4 | -50 | 263.8 | 298.6 |
| Net income 1 | 92.22 | 134.1 | 13.81 | -253.4 | -359.8 | -18.98 | 247.5 | 281.3 |
| Net margin | - | 10.14% | 0.76% | -12.8% | -16.58% | -0.78% | 6.92% | 6.54% |
| EPS 2 | - | 1.810 | 0.1800 | -3.230 | -4.590 | -0.2404 | 2.762 | 3.562 |
| Free Cash Flow 1 | - | 153.6 | -343.6 | -383.1 | -434 | 181 | -5.5 | 123 |
| FCF margin | - | 11.61% | -18.88% | -19.35% | -20% | 7.42% | -0.15% | 2.86% |
| FCF Conversion (EBITDA) | - | 86.79% | - | - | - | - | - | 54.22% |
| FCF Conversion (Net income) | - | 114.55% | - | - | - | - | - | 43.72% |
| Dividend per Share 2 | - | 0.2000 | - | - | - | 0.0140 | 0.5433 | - |
| Announcement Date | 4/14/20 | 2/27/21 | 2/27/22 | 4/28/23 | 2/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 954.7 | 233.5 | 301.2 | 534.6 | 505 | 940.4 | 336.2 | 359.4 | 511.8 | 962.8 | 280.8 | 634.2 | 585.5 | 780.6 | 501.4 | 724.3 |
| EBITDA 1 | 364 | - | - | - | - | - | - | - | - | - | - | 2.757 | 12.2 | -2.97 | -44.81 | 19 |
| EBIT | 279.4 | -229.3 | -202.4 | - | -104.1 | 210.5 | -230.5 | -259.9 | -159.2 | - | - | - | - | - | - | - |
| Operating Margin | 29.27% | -98.21% | -67.22% | - | -20.62% | 22.39% | -68.56% | -72.31% | -31.11% | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | - | -203.3 | - | -104.3 | 209 | -230.4 | -260.1 | -159.8 | 282.9 | -201.4 | -0.5954 | 8.848 | 23.68 | -49.32 | 14.49 |
| Net income 1 | - | - | -181.4 | -371.5 | -85.4 | 203.5 | -189.5 | -219.2 | -126.9 | 175.7 | -200.4 | -0.0682 | 9.375 | 24.21 | -44.32 | 19.49 |
| Net margin | - | - | -60.23% | -69.5% | -16.91% | 21.64% | -56.36% | -60.99% | -24.79% | 18.25% | -71.36% | -0.01% | 1.6% | 3.1% | -8.84% | 2.69% |
| EPS 2 | 3.800 | -2.420 | -2.310 | - | -1.090 | 2.590 | -2.400 | -2.780 | -1.610 | 2.200 | -2.540 | -0.000860 | 0.1187 | 0.3066 | -0.5613 | 0.2468 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/27/22 | 4/22/22 | 8/21/22 | 8/21/22 | 10/27/22 | 4/28/23 | 4/28/23 | 8/15/23 | 10/27/23 | 2/23/24 | 4/25/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 1,205 | 1,179 | 806 | 319 | 1,112 | 1,333 | 1,167 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 154 | -344 | -383 | -434 | 181 | -5.5 | 123 |
| ROE (net income / shareholders' equity) | 14.6% | 8.37% | 0.68% | -8.48% | -12.6% | 2.69% | 6.61% | 5.94% |
| ROA (Net income/ Total Assets) | - | 5.79% | 0.38% | -5.14% | - | 0.8% | 2.6% | - |
| Assets 1 | - | 2,318 | 3,616 | 4,933 | - | -2,373 | 9,520 | - |
| Book Value Per Share 2 | - | 22.50 | 39.40 | 36.90 | 32.40 | 43.70 | 40.10 | 46.90 |
| Cash Flow per Share 2 | - | 3.780 | -0.7800 | -2.270 | -3.240 | 2.500 | 3.210 | - |
| Capex 1 | - | 126 | 282 | 204 | 178 | 190 | 170 | - |
| Capex / Sales | - | 9.55% | 15.51% | 10.32% | 8.22% | 7.8% | 4.75% | - |
| Announcement Date | 4/14/20 | 2/27/21 | 2/27/22 | 4/28/23 | 2/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
56.26
CNY
Average target price
140.5
CNY
Spread / Average Target
+149.70%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -49.27% | 610M | |
| -3.02% | 5.38B | |
| +34.70% | 1.4B | |
| -26.34% | 630M | |
| -13.11% | 438M | |
| -6.64% | 411M | |
| +7.09% | 341M | |
| -5.31% | 295M | |
| -35.50% | 221M | |
| +8.82% | 204M |
- Stock Market
- Equities
- 688023 Stock
- Financials DBAPPSecurity Co., Ltd.
