Financials Guangdong Tecsun Science & Technology Co.,Ltd.

Equities

002908

CNE100003316

Software

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
8.99 CNY +2.39% Intraday chart for Guangdong Tecsun Science & Technology Co.,Ltd. +5.52% -36.96%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,391 2,579 2,733 3,134 4,845 6,152
Enterprise Value (EV) 1 1,936 2,095 2,486 2,959 4,443 5,653
P/E ratio 33.1 x 29.3 x 37.8 x 34.2 x 41.7 x 83.9 x
Yield 1.12% 1.17% 0.73% 0.64% 0.64% 0.35%
Capitalization / Revenue 5.2 x 5.28 x 4.86 x 4.22 x 5.35 x 7.3 x
EV / Revenue 4.21 x 4.29 x 4.42 x 3.98 x 4.91 x 6.71 x
EV / EBITDA 28.6 x 24.1 x 30.2 x 25.9 x 29.7 x 60.4 x
EV / FCF 105 x 115 x -11.1 x 281 x 115 x 41.8 x
FCF Yield 0.95% 0.87% -9.02% 0.36% 0.87% 2.39%
Price to Book 3.57 x 3.51 x 3.5 x 3.66 x 4.3 x 5.23 x
Nbr of stocks (in thousands) 392,020 393,690 393,558 393,776 432,046 431,432
Reference price 2 6.099 6.551 6.944 7.959 11.21 14.26
Announcement Date 4/23/19 4/20/20 4/20/21 4/15/22 4/19/23 4/20/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 459.9 488.1 562.5 742.6 905.4 842.5
EBITDA 1 67.82 87.04 82.42 114.5 149.4 93.67
EBIT 1 63.04 82.01 72.49 103 136.4 86.3
Operating Margin 13.71% 16.8% 12.89% 13.86% 15.07% 10.24%
Earnings before Tax (EBT) 1 78.76 96.31 77.43 104.7 135.5 89.11
Net income 1 72.18 87.67 72.16 91.55 113.8 73.12
Net margin 15.69% 17.96% 12.83% 12.33% 12.56% 8.68%
EPS 2 0.1841 0.2234 0.1837 0.2326 0.2692 0.1699
Free Cash Flow 1 18.44 18.19 -224.3 10.53 38.62 135.1
FCF margin 4.01% 3.73% -39.89% 1.42% 4.27% 16.04%
FCF Conversion (EBITDA) 27.19% 20.9% - 9.2% 25.86% 144.24%
FCF Conversion (Net income) 25.55% 20.75% - 11.5% 33.95% 184.79%
Dividend per Share 2 0.0680 0.0765 0.0510 0.0510 0.0714 0.0500
Announcement Date 4/23/19 4/20/20 4/20/21 4/15/22 4/19/23 4/20/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 454 484 247 175 402 499
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 18.4 18.2 -224 10.5 38.6 135
ROE (net income / shareholders' equity) 11.1% 12.5% 9.51% 11.3% 12.1% 7.12%
ROA (Net income/ Total Assets) 4.85% 5.81% 4.65% 5.42% 6.01% 3.49%
Assets 1 1,487 1,509 1,553 1,690 1,892 2,095
Book Value Per Share 2 1.710 1.860 1.980 2.170 2.610 2.720
Cash Flow per Share 2 1.160 1.230 0.7600 0.7200 0.9500 1.220
Capex 1 5.21 10.1 229 8.14 13 34
Capex / Sales 1.13% 2.07% 40.72% 1.1% 1.43% 4.04%
Announcement Date 4/23/19 4/20/20 4/20/21 4/15/22 4/19/23 4/20/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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