Financials GHT Co.,Ltd

Equities

300711

CNE100003555

Communications & Networking

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
20.83 CNY -8.84% Intraday chart for GHT Co.,Ltd +43.16% +56.03%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,832 2,474 3,663 2,892 2,321 3,326
Enterprise Value (EV) 1 2,559 2,167 3,297 2,508 1,899 2,872
P/E ratio 178 x 145 x 119 x 66.2 x 47.6 x 54.3 x
Yield 0.14% 0.2% 0.22% 0.79% 0.72% 0.75%
Capitalization / Revenue 14.1 x 9.26 x 11.9 x 8.36 x 6.06 x 7.38 x
EV / Revenue 12.7 x 8.11 x 10.7 x 7.25 x 4.95 x 6.37 x
EV / EBITDA 707 x 158 x 97.4 x 60.7 x 44.3 x 50.2 x
EV / FCF -40.9 x 81.9 x 65.6 x 294 x 31.1 x 5,969 x
FCF Yield -2.44% 1.22% 1.52% 0.34% 3.21% 0.02%
Price to Book 5.06 x 4.32 x 6.12 x 4.56 x 3.51 x 4.72 x
Nbr of stocks (in thousands) 249,171 249,171 249,171 249,171 249,171 249,171
Reference price 2 11.37 9.931 14.70 11.61 9.317 13.35
Announcement Date 4/24/19 4/9/20 3/30/21 3/30/22 3/30/23 3/21/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 200.7 267.1 308.3 345.9 383.4 450.9
EBITDA 1 3.617 13.69 33.86 41.3 42.82 57.17
EBIT 1 -1.221 7.256 27.01 34.38 35.53 49.63
Operating Margin -0.61% 2.72% 8.76% 9.94% 9.27% 11.01%
Earnings before Tax (EBT) 1 15.11 16.44 32.29 42.13 47.35 62.72
Net income 1 15.62 17.03 30.82 43.71 48.82 61.21
Net margin 7.78% 6.38% 10% 12.64% 12.73% 13.58%
EPS 2 0.0637 0.0683 0.1237 0.1754 0.1959 0.2457
Free Cash Flow 1 -62.5 26.46 50.23 8.531 61.03 0.4812
FCF margin -31.14% 9.91% 16.29% 2.47% 15.92% 0.11%
FCF Conversion (EBITDA) - 193.28% 148.37% 20.66% 142.52% 0.84%
FCF Conversion (Net income) - 155.34% 162.97% 19.52% 125.02% 0.79%
Dividend per Share 2 0.0162 0.0194 0.0317 0.0917 0.0667 0.1000
Announcement Date 4/24/19 4/9/20 3/30/21 3/30/22 3/30/23 3/21/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 274 308 365 385 422 454
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -62.5 26.5 50.2 8.53 61 0.48
ROE (net income / shareholders' equity) 2.8% 3.01% 5.26% 7.09% 7.54% 8.96%
ROA (Net income/ Total Assets) -0.12% 0.66% 2.23% 2.7% 2.51% 3.15%
Assets 1 -13,060 2,591 1,385 1,617 1,944 1,942
Book Value Per Share 2 2.250 2.300 2.400 2.550 2.650 2.830
Cash Flow per Share 2 1.100 1.280 1.470 1.540 1.700 1.820
Capex 1 51.8 4.41 6.69 9.07 4.14 5.07
Capex / Sales 25.8% 1.65% 2.17% 2.62% 1.08% 1.13%
Announcement Date 4/24/19 4/9/20 3/30/21 3/30/22 3/30/23 3/21/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise