Financials RAISECOM TECHNOLOGY CO.,Ltd.

Equities

603803

CNE100002RC1

Electronic Equipment & Parts

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
7 CNY +3.24% Intraday chart for RAISECOM TECHNOLOGY CO.,Ltd. +9.89% -14.11%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,265 5,432 4,653 3,335 2,614 3,548
Enterprise Value (EV) 1 3,789 4,850 4,167 2,955 2,265 3,111
P/E ratio 33.8 x 30.7 x 33.5 x -4.13 x 31.7 x -17.3 x
Yield 1.18% 1.16% 1% - 0.93% -
Capitalization / Revenue 1.77 x 2.04 x 2.38 x 1.8 x 1.21 x 2.18 x
EV / Revenue 1.57 x 1.82 x 2.13 x 1.59 x 1.05 x 1.91 x
EV / EBITDA 20.1 x 20.5 x 25.4 x -4.68 x 17.1 x -33.7 x
EV / FCF -137 x 63.7 x -50.2 x 8.17 x -63.9 x 21.6 x
FCF Yield -0.73% 1.57% -1.99% 12.2% -1.57% 4.64%
Price to Book 1.72 x 2.07 x 1.73 x 1.81 x 1.34 x 1.94 x
Nbr of stocks (in thousands) 421,056 421,056 421,056 421,056 434,176 435,316
Reference price 2 10.13 12.90 11.05 7.920 6.020 8.150
Announcement Date 4/25/19 4/23/20 4/22/21 4/28/22 4/25/23 4/26/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,413 2,660 1,952 1,853 2,156 1,626
EBITDA 1 188.3 236.6 164.2 -630.7 132.2 -92.26
EBIT 1 161.1 211 140 -655.6 107.8 -124.2
Operating Margin 6.68% 7.93% 7.17% -35.38% 5% -7.64%
Earnings before Tax (EBT) 1 139.4 194.3 143.3 -829.2 65.61 -196.6
Net income 1 125.1 177.3 138.1 -809.9 80.07 -202.3
Net margin 5.19% 6.67% 7.08% -43.7% 3.71% -12.44%
EPS 2 0.3000 0.4200 0.3300 -1.920 0.1900 -0.4700
Free Cash Flow 1 -27.74 76.18 -83.07 361.8 -35.46 144.3
FCF margin -1.15% 2.86% -4.26% 19.53% -1.64% 8.87%
FCF Conversion (EBITDA) - 32.19% - - - -
FCF Conversion (Net income) - 42.97% - - - -
Dividend per Share 2 0.1200 0.1500 0.1100 - 0.0560 -
Announcement Date 4/25/19 4/23/20 4/22/21 4/28/22 4/25/23 4/26/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 476 582 485 380 348 437
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -27.7 76.2 -83.1 362 -35.5 144
ROE (net income / shareholders' equity) 5.02% 6.88% 5.13% -35.8% 4.21% -10.9%
ROA (Net income/ Total Assets) 2.7% 3.39% 2.31% -12% 2.04% -2.41%
Assets 1 4,632 5,236 5,989 6,743 3,927 8,403
Book Value Per Share 2 5.890 6.230 6.380 4.380 4.490 4.190
Cash Flow per Share 2 2.610 2.230 2.010 1.910 2.290 1.870
Capex 1 19.4 12 32.3 48.4 73 122
Capex / Sales 0.8% 0.45% 1.66% 2.61% 3.38% 7.51%
Announcement Date 4/25/19 4/23/20 4/22/21 4/28/22 4/25/23 4/26/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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