Financials Qiming Information Technology Co.,Ltd

Equities

002232

CNE100000B73

IT Services & Consulting

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
13.94 CNY +3.64% Intraday chart for Qiming Information Technology Co.,Ltd +10.63% -17.76%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,774 3,550 4,702 9,094 5,135 6,925
Enterprise Value (EV) 1 1,978 2,573 3,684 8,443 4,615 6,062
P/E ratio 38.4 x 39.1 x 37.1 x 225 x 70.2 x 236 x
Yield 0.19% 0.2% 0.36% - 0.4% 0.06%
Capitalization / Revenue 1.75 x 2.33 x 3.03 x 8.65 x 3.33 x 5.57 x
EV / Revenue 1.25 x 1.69 x 2.37 x 8.03 x 2.99 x 4.88 x
EV / EBITDA 18.5 x 19.1 x 19.8 x 157 x 67.9 x 159 x
EV / FCF -158 x 15.6 x 36.9 x -44.1 x -41.8 x 32.1 x
FCF Yield -0.63% 6.4% 2.71% -2.27% -2.39% 3.12%
Price to Book 2.49 x 3.01 x 3.62 x 6.84 x 3.71 x 5 x
Nbr of stocks (in thousands) 408,548 408,548 408,548 408,548 408,548 408,548
Reference price 2 6.790 8.690 11.51 22.26 12.57 16.95
Announcement Date 4/3/19 4/17/20 3/26/21 3/25/22 3/31/23 4/12/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,588 1,521 1,552 1,051 1,541 1,243
EBITDA 1 107.1 134.7 185.6 53.76 67.96 38.05
EBIT 1 69.51 95.91 142.9 18.32 34.87 7.879
Operating Margin 4.38% 6.3% 9.21% 1.74% 2.26% 0.63%
Earnings before Tax (EBT) 1 91.15 108.7 144.7 46.92 79.22 38.99
Net income 1 72.17 90.83 126.7 40.4 73.16 29.32
Net margin 4.54% 5.97% 8.16% 3.84% 4.75% 2.36%
EPS 2 0.1766 0.2223 0.3101 0.0989 0.1791 0.0718
Free Cash Flow 1 -12.5 164.7 99.93 -191.3 -110.4 189.1
FCF margin -0.79% 10.82% 6.44% -18.2% -7.16% 15.21%
FCF Conversion (EBITDA) - 122.21% 53.84% - - 496.82%
FCF Conversion (Net income) - 181.27% 78.88% - - 644.92%
Dividend per Share 2 0.0130 0.0170 0.0420 - 0.0500 0.0100
Announcement Date 4/3/19 4/17/20 3/26/21 3/25/22 3/31/23 4/12/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 53.2
Net margin -
EPS 2 0.1302
Dividend per Share -
Announcement Date 8/23/22
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 796 977 1,019 651 521 863
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -12.5 165 99.9 -191 -110 189
ROE (net income / shareholders' equity) 6.69% 7.61% 9.95% 3.07% 5.4% 2.12%
ROA (Net income/ Total Assets) 2.29% 3.07% 4.28% 0.53% 1% 0.22%
Assets 1 3,157 2,963 2,957 7,686 7,293 13,105
Book Value Per Share 2 2.730 2.890 3.180 3.250 3.380 3.390
Cash Flow per Share 2 1.950 2.390 2.490 1.600 1.280 2.120
Capex 1 27.1 16.3 9.94 5.5 61.3 80.7
Capex / Sales 1.71% 1.07% 0.64% 0.52% 3.97% 6.49%
Announcement Date 4/3/19 4/17/20 3/26/21 3/25/22 3/31/23 4/12/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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