Financials Founder Technology Group Co.,Ltd.

Equities

600601

CNE0000001S2

Semiconductors

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2.53 CNY +5.86% Intraday chart for Founder Technology Group Co.,Ltd. +9.05% -12.46%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,531 8,033 8,714 5,334 10,968 12,052
Enterprise Value (EV) 1 7,607 10,283 11,336 8,688 10,493 11,460
P/E ratio 100 x -6.05 x -9.49 x -4.4 x -26.3 x 96.3 x
Yield 0.4% - - - - -
Capitalization / Revenue 0.97 x 1.38 x 1.46 x 0.98 x 2.24 x 3.83 x
EV / Revenue 1.33 x 1.76 x 1.9 x 1.6 x 2.15 x 3.64 x
EV / EBITDA 17.8 x 29.8 x 23 x -125 x 192 x 32.7 x
EV / FCF -12.9 x 18.6 x 24.7 x -35.8 x -5.4 x -38.3 x
FCF Yield -7.77% 5.37% 4.05% -2.8% -18.5% -2.61%
Price to Book 1.71 x 4.26 x 11.9 x -7.61 x 3.18 x 3.13 x
Nbr of stocks (in thousands) 2,194,891 2,194,891 2,194,891 2,194,891 4,170,293 4,170,293
Reference price 2 2.520 3.660 3.970 2.430 2.630 2.890
Announcement Date 4/27/19 5/29/20 4/28/21 4/29/22 4/28/23 3/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 5,701 5,830 5,973 5,432 4,889 3,149
EBITDA 1 426.4 345.3 492.7 -69.64 54.72 350.2
EBIT 1 -121.5 -186 26.6 -383.4 -276 156.9
Operating Margin -2.13% -3.19% 0.45% -7.06% -5.65% 4.98%
Earnings before Tax (EBT) 1 91.83 -1,274 -858 -1,227 -426.9 146.9
Net income 1 55.08 -1,327 -918.5 -1,212 -423.5 135.1
Net margin 0.97% -22.76% -15.38% -22.31% -8.66% 4.29%
EPS 2 0.0251 -0.6045 -0.4185 -0.5520 -0.1000 0.0300
Free Cash Flow 1 -591 552.3 458.6 -242.9 -1,942 -299.1
FCF margin -10.37% 9.47% 7.68% -4.47% -39.73% -9.5%
FCF Conversion (EBITDA) - 159.97% 93.08% - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0100 - - - - -
Announcement Date 4/27/19 5/29/20 4/28/21 4/29/22 4/28/23 3/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2,076 2,250 2,622 3,355 - -
Net Cash position 1 - - - - 475 592
Leverage (Debt/EBITDA) 4.869 x 6.516 x 5.323 x -48.17 x - -
Free Cash Flow 1 -591 552 459 -243 -1,942 -299
ROE (net income / shareholders' equity) 1.78% -51.6% -69.6% -7,137% -30.8% 3.7%
ROA (Net income/ Total Assets) -0.69% -1.11% 0.18% -2.78% -2.48% 1.71%
Assets 1 -8,040 119,838 -523,672 43,566 17,085 7,886
Book Value Per Share 2 1.470 0.8600 0.3300 -0.3200 0.8300 0.9200
Cash Flow per Share 2 0.6500 0.4100 0.4300 0.2900 0.2300 0.2200
Capex 1 830 588 721 320 403 694
Capex / Sales 14.56% 10.08% 12.08% 5.9% 8.25% 22.04%
Announcement Date 4/27/19 5/29/20 4/28/21 4/29/22 4/28/23 3/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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