Financials EmbedWay Technologies (Shanghai) Corporation

Equities

603496

CNE100002X26

Computer Hardware

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
28.49 CNY +6.70% Intraday chart for EmbedWay Technologies (Shanghai) Corporation +11.42% -8.57%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 4,426 3,186 3,533 3,465 9,978 9,123 -
Enterprise Value (EV) 1 4,426 3,186 3,533 3,465 9,978 9,123 9,123
P/E ratio 65.4 x 85.6 x 60.5 x 39.7 x 123 x 48.3 x 41 x
Yield - - - 0.46% 0.18% 0.49% 0.67%
Capitalization / Revenue 10.2 x 5.98 x 5.21 x 4.5 x 12.9 x 6.52 x 4.8 x
EV / Revenue 10.2 x 5.98 x 5.21 x 4.5 x 12.9 x 6.52 x 4.8 x
EV / EBITDA 47,526,971 x - - - 107,194,905 x - -
EV / FCF - - - -115 x 404 x -66.1 x -106 x
FCF Yield - - - -0.87% 0.25% -1.51% -0.94%
Price to Book 5.52 x 3.9 x 3.01 x 2.74 x 7.37 x 6.29 x 5.73 x
Nbr of stocks (in thousands) 283,733 281,379 319,136 318,920 320,209 320,209 -
Reference price 2 15.60 11.32 11.07 10.86 31.16 28.49 28.49
Announcement Date 3/26/20 1/31/21 4/27/22 2/21/23 4/18/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 434.1 533.1 678.2 770.5 771.4 1,399 1,902
EBITDA 93.13 - - - 93.08 - -
EBIT 1 65.04 32.35 53.95 69.71 75.02 158 208
Operating Margin 14.98% 6.07% 7.95% 9.05% 9.73% 11.29% 10.94%
Earnings before Tax (EBT) 1 64.78 31.99 53.75 74.9 77.27 158 208
Net income 1 67.34 36.66 53.44 76.22 78.78 134 186.8
Net margin 15.51% 6.88% 7.88% 9.89% 10.21% 9.58% 9.82%
EPS 2 0.2387 0.1322 0.1831 0.2739 0.2525 0.5900 0.6950
Free Cash Flow 1 - - - -30.11 24.69 -138 -86
FCF margin - - - -3.91% 3.2% -9.86% -4.52%
FCF Conversion (EBITDA) - - - - 26.53% - -
FCF Conversion (Net income) - - - - 31.34% - -
Dividend per Share 2 - - - 0.0500 0.0550 0.1400 0.1900
Announcement Date 3/26/20 1/31/21 4/27/22 2/21/23 4/18/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - - -30.1 24.7 -138 -86
ROE (net income / shareholders' equity) 8.72% 4.53% 6.3% 6.29% 6.01% 9.23% 11.8%
ROA (Net income/ Total Assets) 7.18% 3.44% 3.84% - - - -
Assets 1 938.5 1,066 1,392 - - - -
Book Value Per Share 2 2.820 2.900 3.680 3.970 4.230 4.530 4.970
Cash Flow per Share 0.0600 -0.2800 -0.2100 - 0.2200 - -
Capex 1 30.8 21.5 54.1 54.8 45.3 20 20
Capex / Sales 7.1% 4.03% 7.97% 7.12% 5.87% 1.43% 1.05%
Announcement Date 3/26/20 1/31/21 4/27/22 2/21/23 4/18/24 - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
28.49
Average target price
-
Consensus

Annual profits - Rate of surprise

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