Financials Maxnerva Technology Services Limited

Equities

1037

BMG5993Y1066

IT Services & Consulting

Market Closed - Hong Kong S.E. 04:08:06 2024-04-30 am EDT 5-day change 1st Jan Change
0.3 HKD +7.14% Intraday chart for Maxnerva Technology Services Limited -1.64% +70.45%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 821.9 420.9 289.7 270.1 214.4 154.9
Enterprise Value (EV) 1 662.7 304.8 147.3 87.02 47.32 -2.476
P/E ratio 12.5 x 295 x 25 x 18.5 x 6.17 x 5.57 x
Yield - - - - - -
Capitalization / Revenue 1.84 x 1.29 x 0.67 x 0.52 x 0.36 x 0.19 x
EV / Revenue 1.48 x 0.93 x 0.34 x 0.17 x 0.08 x -0 x
EV / EBITDA 8.06 x 14.7 x 7.63 x 2.49 x 2.07 x -0.08 x
EV / FCF -117 x 47.7 x 2.4 x 1.85 x -7.13 x 1.07 x
FCF Yield -0.86% 2.09% 41.6% 54.2% -14% 93.5%
Price to Book 2.5 x 1.28 x 0.84 x 0.76 x 0.52 x 0.34 x
Nbr of stocks (in thousands) 662,239 656,611 654,863 654,863 701,543 701,543
Reference price 2 1.241 0.6410 0.4424 0.4124 0.3056 0.2208
Announcement Date 4/26/18 4/29/19 4/28/20 4/27/21 4/28/22 4/27/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 447.2 326.2 431 523.4 596.3 832.5
EBITDA 1 82.2 20.8 19.3 34.99 22.84 32.82
EBIT 1 74.21 10.59 13.1 28.43 14.88 25.64
Operating Margin 16.6% 3.25% 3.04% 5.43% 2.5% 3.08%
Earnings before Tax (EBT) 1 76.11 13.6 14.83 22.38 37.61 30.48
Net income 1 65.62 1.44 11.58 14.63 34.26 27.83
Net margin 14.67% 0.44% 2.69% 2.8% 5.75% 3.34%
EPS 2 0.0991 0.002175 0.0177 0.0223 0.0496 0.0397
Free Cash Flow 3 -5.67 6.383 61.3 47.14 -6.633 -2.314
FCF margin -1.27% 1.96% 14.22% 9.01% -1.11% -0.28%
FCF Conversion (EBITDA) - 30.68% 317.57% 134.71% - -
FCF Conversion (Net income) - 443.29% 529.59% 322.11% - -
Dividend per Share - - - - - -
Announcement Date 4/26/18 4/29/19 4/28/20 4/27/21 4/28/22 4/27/23
1CNY in Million2CNY3HKD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 159 116 142 183 167 157
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 2 -5.67 6.38 61.3 47.1 -6.63 -2.31
ROE (net income / shareholders' equity) 25.7% 0.44% 3.44% 4.19% 8.93% 6.45%
ROA (Net income/ Total Assets) 15.5% 1.37% 1.66% 3.34% 1.58% 2.34%
Assets 1 423.2 105.1 696 438.1 2,170 1,188
Book Value Per Share 3 0.5000 0.5000 0.5200 0.5400 0.5900 0.6400
Cash Flow per Share 3 0.2200 0.2100 0.2800 0.3200 0.2700 0.2400
Capex 1 3.02 3.23 3.1 2.01 2.06 1.75
Capex / Sales 0.67% 0.99% 0.72% 0.38% 0.35% 0.21%
Announcement Date 4/26/18 4/29/19 4/28/20 4/27/21 4/28/22 4/27/23
1CNY in Million2HKD in Million3CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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