Financials Fujian Star-net Communication Co., LTD.

Equities

002396

CNE100000QF0

Communications & Networking

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
15.19 CNY -7.32% Intraday chart for Fujian Star-net Communication Co., LTD. -5.59% -15.94%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 20,741 13,450 13,748 11,176 10,714 9,004 - -
Enterprise Value (EV) 1 20,741 13,450 12,084 7,580 7,345 4,744 3,038 9,004
P/E ratio 33.9 x 31.2 x 25 x 19.4 x 24.8 x 14.2 x 10.6 x 8.15 x
Yield 0.31% 0.43% 0.42% 0.52% 1.38% 1.43% 0.95% 2.67%
Capitalization / Revenue 2.24 x 1.31 x 1.01 x 0.71 x 0.67 x 0.46 x 0.39 x 0.33 x
EV / Revenue 2.24 x 1.31 x 0.89 x 0.48 x 0.46 x 0.24 x 0.13 x 0.33 x
EV / EBITDA 21.4 x 18.8 x 14.5 x 7.72 x 10.1 x 4.48 x 2.12 x 5.27 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 4.91 x 3.21 x 2.93 x 1.84 x 1.67 x 1.29 x 1.15 x 1.03 x
Nbr of stocks (in thousands) 583,280 583,280 583,280 583,280 592,930 592,727 - -
Reference price 2 35.56 23.06 23.57 19.16 18.07 15.19 15.19 15.19
Announcement Date 2/27/20 4/14/21 3/24/22 3/30/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,266 10,304 13,549 15,741 15,908 19,681 23,028 27,234
EBITDA 1 968.5 715.9 832.5 981.8 725 1,058 1,436 1,710
EBIT 1 840.3 568 666 759.2 449.4 697.8 1,063 1,329
Operating Margin 9.07% 5.51% 4.92% 4.82% 2.82% 3.55% 4.62% 4.88%
Earnings before Tax (EBT) 1 862.2 561.3 671.7 763.5 459.2 703.4 1,055 1,332
Net income 1 611.3 431.4 550.4 576.1 424.9 631.2 843.5 1,105
Net margin 6.6% 4.19% 4.06% 3.66% 2.67% 3.21% 3.66% 4.06%
EPS 2 1.048 0.7396 0.9436 0.9876 0.7273 1.067 1.428 1.863
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1100 0.1000 0.1000 0.1000 0.2500 0.2167 0.1450 0.4050
Announcement Date 2/27/20 4/14/21 3/24/22 3/30/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3
Net sales 1 3,384 6,920 4,357 2,950 3,745 4,124 4,921 9,045 3,353 3,617 4,083 4,855 8,938 3,139 4,291 4,814
EBITDA - - - - - - - - - - - - - - - -
EBIT - 544.8 -119.4 171.3 258.2 363.3 -33.6 329.7 93.15 132.1 127.6 96.52 224.1 -34.56 - -
Operating Margin - 7.87% -2.74% 5.8% 6.9% 8.81% -0.68% 3.65% 2.78% 3.65% 3.12% 1.99% 2.51% -1.1% - -
Earnings before Tax (EBT) - 544.3 - - - - -31.57 329.6 - - - 109.6 237.1 - - -
Net income 68.56 362.8 - - - - 25.48 264.5 - - - 122 226.6 - - -
Net margin 2.03% 5.24% - - - - 0.52% 2.92% - - - 2.51% 2.53% - - -
EPS 2 - 0.6200 0.1158 0.2059 0.3283 0.4097 0.0500 0.4600 0.1386 0.2000 0.1800 0.2100 0.3900 0.0199 0.3500 0.3500
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 8/27/20 4/14/21 3/24/22 4/28/22 8/25/22 10/27/22 3/30/23 3/30/23 4/25/23 8/24/23 10/26/23 3/28/24 3/28/24 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 - - 1,663 3,596 3,370 4,259 5,966 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 15.5% 10.2% 12.4% 11.4% 6.78% 9.4% 12% 13%
ROA (Net income/ Total Assets) 8.35% 5.27% 5.55% 4.51% - 4.11% 5.46% 6.03%
Assets 1 7,325 8,182 9,919 12,785 - 15,370 15,463 18,325
Book Value Per Share 2 7.250 7.180 8.050 10.40 10.80 11.80 13.20 14.80
Cash Flow per Share 2 1.310 1.270 0.7700 0.9300 2.310 2.470 3.410 2.460
Capex 1 292 477 416 434 420 259 301 414
Capex / Sales 3.15% 4.63% 3.07% 2.75% 2.64% 1.31% 1.31% 1.52%
Announcement Date 2/27/20 4/14/21 3/24/22 3/30/23 3/28/24 - - -
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
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
15.19 CNY
Average target price
20.11 CNY
Spread / Average Target
+32.37%
Consensus
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