Financials Kunlun Tech Co., Ltd.

Equities

300418

CNE100001YF2

Internet Services

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-11 pm EDT 5-day change 1st Jan Change
42.5 CNY +0.31% Intraday chart for Kunlun Tech Co., Ltd. -0.30% +13.64%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 14,814 18,922 22,945 27,171 17,036 51,638 51,638 -
Enterprise Value (EV) 1 15,511 18,852 22,205 27,171 16,715 48,742 47,392 42,557
P/E ratio 14.6 x 14.8 x 4.65 x 17.7 x 14.9 x 54.6 x 47.9 x 40.8 x
Yield - 0.16% 0.87% 0.29% - 0.12% 0.26% 0.3%
Capitalization / Revenue 4.14 x 5.13 x 8.38 x 5.6 x 3.6 x 10.2 x 9.14 x 8.25 x
EV / Revenue 4.34 x 5.11 x 8.11 x 5.6 x 3.53 x 9.6 x 8.39 x 6.8 x
EV / EBITDA 9.06 x 12.4 x 4.39 x 16.2 x 11.3 x 38.4 x 32.2 x 24.3 x
EV / FCF 10.6 x 16.2 x - - - -29.9 x 62.9 x 44.7 x
FCF Yield 9.44% 6.19% - - - -3.35% 1.59% 2.24%
Price to Book 2.87 x 4.1 x 2.42 x 2.67 x 1.35 x 3.84 x 3.57 x 3.34 x
Nbr of stocks (in thousands) 1,151,946 1,129,689 1,150,142 1,173,688 1,182,250 1,215,007 1,215,007 -
Reference price 2 12.86 16.75 19.95 23.15 14.41 42.50 42.50 42.50
Announcement Date 2/27/19 2/27/20 2/26/21 2/28/22 2/28/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 3,577 3,688 2,739 4,850 4,736 5,076 5,652 6,261
EBITDA 1 1,713 1,518 5,058 1,675 1,480 1,268 1,472 1,753
EBIT 1 1,510 1,478 5,032 1,562 1,401 1,204 1,364 1,606
Operating Margin 42.21% 40.09% 183.71% 32.2% 29.58% 23.73% 24.13% 25.64%
Earnings before Tax (EBT) 1 1,504 1,483 5,026 1,561 1,388 1,233 1,409 1,651
Net income 1 1,006 1,295 4,993 1,547 1,153 940.7 1,073 1,262
Net margin 28.12% 35.12% 182.28% 31.89% 24.33% 18.53% 18.98% 20.15%
EPS 2 0.8800 1.130 4.290 1.310 0.9700 0.7783 0.8881 1.042
Free Cash Flow 1 1,464 1,166 - - - -1,630 753 951.5
FCF margin 40.91% 31.62% - - - -32.12% 13.32% 15.2%
FCF Conversion (EBITDA) 85.46% 76.8% - - - - 51.17% 54.28%
FCF Conversion (Net income) 145.47% 90.03% - - - - 70.2% 75.41%
Dividend per Share 2 - 0.0260 0.1740 0.0660 - 0.0518 0.1093 0.1266
Announcement Date 2/27/19 2/27/20 2/26/21 2/28/22 2/28/23 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 697 - - - - - - -
Net Cash position 1 - 70.8 740 - 321 2,896 4,246 9,081
Leverage (Debt/EBITDA) 0.4073 x - - - - - - -
Free Cash Flow 1 1,464 1,166 - - - -1,631 753 952
ROE (net income / shareholders' equity) 15.1% 25.8% 68.9% 16.1% 10% 7.28% 7.62% 8.45%
ROA (Net income/ Total Assets) - - 42.5% 9.91% 6.5% 6% 6% 6.9%
Assets 1 - - 11,748 15,616 17,730 15,679 17,877 18,286
Book Value Per Share 2 4.480 4.090 8.250 8.670 10.70 11.10 11.90 12.70
Cash Flow per Share 2 1.280 1.020 0.6200 0.9800 0.7000 0.2600 0.9500 2.040
Capex 1 9.43 3.81 8.27 54.5 77.6 79.1 95 107
Capex / Sales 0.26% 0.1% 0.3% 1.12% 1.64% 1.56% 1.68% 1.71%
Announcement Date 2/27/19 2/27/20 2/26/21 2/28/22 2/28/23 - - -
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
4
Last Close Price
42.5 CNY
Average target price
42.8 CNY
Spread / Average Target
+0.70%
Consensus

Annual profits - Rate of surprise

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