Financials Hangzhou Lion Electronics Co.,Ltd

Equities

605358

CNE100004314

Semiconductors

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
21.41 CNY +4.13% Intraday chart for Hangzhou Lion Electronics Co.,Ltd +6.36% -21.83%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Capitalization 1 48,230 54,884 28,834 18,539 14,436 -
Enterprise Value (EV) 1 48,230 54,884 28,834 18,539 14,436 14,436
P/E ratio 219 x 82.2 x 41.8 x 274 x 25.3 x 16.7 x
Yield - 0.14% 0.99% 0.31% 1.59% 3.08%
Capitalization / Revenue 32.1 x 21.6 x 9.89 x 6.89 x 3.9 x 3.06 x
EV / Revenue 32.1 x 21.6 x 9.89 x 6.89 x 3.9 x 3.06 x
EV / EBITDA 101 x 55.5 x 23.8 x 29.4 x 9.01 x 6.06 x
EV / FCF - - -11.3 x -37.1 x -55.1 x 82 x
FCF Yield - - -8.82% -2.69% -1.81% 1.22%
Price to Book 26 x 7.28 x 3.61 x 2.39 x 1.65 x 1.56 x
Nbr of stocks (in thousands) 592,858 676,848 676,848 676,854 674,262 -
Reference price 2 81.35 81.09 42.60 27.39 21.41 21.41
Announcement Date 4/8/21 3/9/22 4/21/23 4/22/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 1,502 2,541 2,914 2,690 3,704 4,714
EBITDA 1 478.8 989.7 1,209 631.5 1,602 2,384
EBIT 1 239.2 683.9 716.5 -98.71 612.1 915.6
Operating Margin 15.92% 26.92% 24.58% -3.67% 16.53% 19.42%
Earnings before Tax (EBT) 1 239.2 681.8 713.6 -99.01 623.5 913.5
Net income 1 202 600.3 687.8 65.75 574.1 866.2
Net margin 13.45% 23.63% 23.6% 2.44% 15.5% 18.37%
EPS 2 0.3716 0.9865 1.020 0.1000 0.8472 1.280
Free Cash Flow 1 - - -2,543 -499.4 -262 176
FCF margin - - -87.26% -18.57% -7.07% 3.73%
FCF Conversion (EBITDA) - - - - - 7.38%
FCF Conversion (Net income) - - - - - 20.32%
Dividend per Share 2 - 0.1149 0.4200 0.0850 0.3400 0.6600
Announcement Date 4/8/21 3/9/22 4/21/23 4/22/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2021 S2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3
Net sales 1 - 787.7 1,513 - 635.7 632.2 710 670.6 676.9 679.1 809.2 937.5
EBITDA 1 - - - - - - - - - - 290.7 359.8
EBIT 1 - 215 438.5 - -25.86 8.131 128 -24.26 -210.6 -128.9 89.82 151.9
Operating Margin - 27.3% 28.99% - -4.07% 1.29% 18.03% -3.62% -31.11% -18.98% 11.1% 16.2%
Earnings before Tax (EBT) - - - - - - - - - - - -
Net income 1 209 391.3 405 138.2 46.39 34.44 139.2 11.74 -119.6 -63.15 87.31 140.3
Net margin - 49.68% 26.78% - 7.3% 5.45% 19.61% 1.75% -17.67% -9.3% 10.79% 14.96%
EPS 2 0.3514 0.3040 0.6351 0.2100 0.0700 0.0500 0.2100 0.0100 -0.1700 -0.0900 0.1290 0.2072
Dividend per Share - - - - - - - - - - - -
Announcement Date 8/29/21 3/9/22 3/9/22 10/28/22 4/21/23 4/21/23 8/15/23 10/27/23 4/22/24 4/22/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - - -2,543 -499 -262 176
ROE (net income / shareholders' equity) 12.3% 7.96% 8.91% 0.82% 7.2% 9.32%
ROA (Net income/ Total Assets) - 4.78% - - - -
Assets 1 - 12,561 - - - -
Book Value Per Share 2 3.130 11.10 11.80 11.40 13.00 13.70
Cash Flow per Share 2 0.5200 0.7200 1.760 1.520 2.400 2.170
Capex 1 - 2,766 3,737 1,526 2,252 2,212
Capex / Sales - 108.84% 128.25% 56.74% 60.8% 46.93%
Announcement Date 4/8/21 3/9/22 4/21/23 4/22/24 - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
21.41 CNY
Average target price
27 CNY
Spread / Average Target
+26.11%
Consensus
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