Financials Fibocom Wireless Inc.

Equities

300638

CNE100002P67

Communications & Networking

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
16.23 CNY +3.44% Intraday chart for Fibocom Wireless Inc. +7.27% -14.71%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,416 14,480 22,573 11,308 14,573 12,428 - -
Enterprise Value (EV) 1 8,416 14,480 22,573 11,308 14,573 12,428 12,428 12,428
P/E ratio 44.8 x 51.2 x 56.2 x 30.9 x 27.2 x 17.3 x 13.4 x 11.6 x
Yield - 0.5% 0.37% 0.56% 2% 1.6% 2% 1.85%
Capitalization / Revenue 4.39 x 5.28 x 5.49 x 2 x 1.89 x 1.33 x 1.03 x 0.94 x
EV / Revenue 4.39 x 5.28 x 5.49 x 2 x 1.89 x 1.33 x 1.03 x 0.94 x
EV / EBITDA 41.7 x 42.7 x 49.7 x 24.8 x 18.3 x 13.3 x 11.7 x 9.88 x
EV / FCF - - -36.5 x 89 x 29.2 x 13.5 x 19.9 x -
FCF Yield - - -2.74% 1.12% 3.42% 7.39% 5.04% -
Price to Book 6.46 x 9.27 x 11.6 x 4.66 x 4.65 x 3.41 x 2.77 x 2.35 x
Nbr of stocks (in thousands) 739,307 740,356 745,539 758,065 765,806 765,744 - -
Reference price 2 11.38 19.56 30.28 14.92 19.03 16.23 16.23 16.23
Announcement Date 2/27/20 4/16/21 3/29/22 4/23/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,915 2,744 4,109 5,646 7,716 9,334 12,064 13,200
EBITDA 1 201.6 339.3 453.8 455.7 794.8 934.6 1,062 1,257
EBIT 1 183.6 307.1 414.4 356.4 624.1 769.3 970.5 1,142
Operating Margin 9.59% 11.19% 10.08% 6.31% 8.09% 8.24% 8.04% 8.65%
Earnings before Tax (EBT) 1 182.5 306.3 413.2 355.2 623.1 769.6 970 1,142
Net income 1 170.1 283.6 401.3 364.5 563.6 719.7 927.3 1,072
Net margin 8.88% 10.34% 9.77% 6.45% 7.3% 7.71% 7.69% 8.12%
EPS 2 0.2542 0.3824 0.5389 0.4833 0.7000 0.9400 1.211 1.400
Free Cash Flow 1 - - -618.7 127 498.4 919 626 -
FCF margin - - -15.06% 2.25% 6.46% 9.85% 5.19% -
FCF Conversion (EBITDA) - - - 27.87% 62.71% 98.33% 58.95% -
FCF Conversion (Net income) - - - 34.85% 88.44% 127.7% 67.51% -
Dividend per Share 2 - 0.0980 0.1111 0.0833 0.3800 0.2600 0.3240 0.3000
Announcement Date 2/27/20 4/16/21 3/29/22 4/23/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 1,032 1,256 1,178 1,239 1,303 - 2,049 1,802 2,085 2,360 2,356 2,072 2,460
EBITDA - - - - - - - - - - - - -
EBIT - 74.66 - - - - - - - - - - -
Operating Margin - 5.95% - - - - - - - - - - -
Earnings before Tax (EBT) - 74.1 - - - - - - - - - - -
Net income - - - - - 162.3 - - - - - - -
Net margin - - - - - - - - - - - - -
EPS 0.1611 0.1044 0.1389 0.1344 0.1098 0.1777 - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 10/15/21 3/29/22 4/28/22 8/8/22 10/21/22 8/4/23 10/27/23 3/25/24 - - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - -619 127 498 919 626 -
ROE (net income / shareholders' equity) 29.6% 19.9% 21.8% 16.4% 20.2% 19.9% 21.3% 19.9%
ROA (Net income/ Total Assets) - 11.4% 11.3% - 8.35% 8.7% 8.71% 8.2%
Assets 1 - 2,487 3,565 - 6,746 8,272 10,643 13,077
Book Value Per Share 2 1.760 2.110 2.620 3.200 4.090 4.760 5.860 6.900
Cash Flow per Share 2 0.3000 0.4600 -0.5700 0.4000 0.8500 0.1000 0.7100 0.6800
Capex 1 - 196 197 173 156 103 133 94.7
Capex / Sales - 7.14% 4.79% 3.06% 2.02% 1.1% 1.1% 0.72%
Announcement Date 2/27/20 4/16/21 3/29/22 4/23/23 3/25/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
16.23 CNY
Average target price
24.72 CNY
Spread / Average Target
+52.33%
Consensus
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