SDIC INTELLIGENCE XIAMEN INFORMATION CO., LTD.

Financials SDIC Intelligence Xiamen Information Co., Ltd.

Equities

300188

CNE100001120

Business Support Services

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
13.3 ^CNY	+4.72%		+7.17%	-16.98%

Apr. 25	SDIC Intelligence Xiamen Information Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 12	SDIC Intelligence Xiamen Information Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	13,748	17,375	13,874	11,053	13,769	11,431	-
Enterprise Value (EV) ¹	12,600	16,171	13,050	9,975	12,607	10,418	10,364
P/E ratio	47.5 x	45.8 x	44.1 x	71.4 x	-66.8 x	28.9 x	28.4 x
Yield	0.53%	0.6%	0.7%	0.35%	-	0.85%	1.2%
Capitalization / Revenue	6.66 x	7.28 x	5.47 x	4.85 x	6.94 x	3.86 x	3.21 x
EV / Revenue	6.1 x	6.78 x	5.15 x	4.38 x	6.36 x	3.52 x	2.91 x
EV / EBITDA	33 x	30.8 x	27.3 x	31.9 x	-202 x	18.5 x	17.4 x
EV / FCF	57,644,401 x	-	-57,280,265 x	-	-	-	-
FCF Yield	0%	-	-0%	-	-	-	-
Price to Book	4.64 x	5.27 x	3.99 x	2.63 x	3.48 x	2.48 x	2.35 x
Nbr of stocks (in thousands)	803,994	806,655	807,110	859,477	859,477	859,477	-
Reference price ²	17.10	21.54	17.19	12.86	16.02	13.30	13.30
Announcement Date	2/24/20	2/25/21	2/25/22	2/24/23	4/12/24	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	2,065	2,386	2,535	2,280	1,984	2,958	3,559
EBITDA ¹	382.1	525.1	477.7	312.4	-62.5	564.1	594.9
EBIT ¹	305.9	424.7	355	162	-249.5	354	464.8
Operating Margin	14.82%	17.8%	14%	7.11%	-12.58%	11.97%	13.06%
Earnings before Tax (EBT) ¹	304.2	420.3	353	160	-252	352	463.4
Net income ¹	288.4	374.6	310.7	147.9	-205.6	398.8	400.3
Net margin	13.96%	15.7%	12.26%	6.49%	-10.37%	13.48%	11.25%
EPS ²	0.3600	0.4700	0.3900	0.1800	-0.2400	0.4600	0.4675
Free Cash Flow	218.6	-	-227.8	-	-	-	-
FCF margin	10.59%	-	-8.99%	-	-	-	-
FCF Conversion (EBITDA)	57.21%	-	-	-	-	-	-
FCF Conversion (Net income)	75.8%	-	-	-	-	-	-
Dividend per Share ²	0.0900	0.1300	0.1200	0.0450	-	0.1125	0.1600
Announcement Date	2/24/20	2/25/21	2/25/22	2/24/23	4/12/24	-	-

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	1,148	1,205	824	1,078	1,162	1,013	1,067
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	219	-	-228	-	-	-	-
ROE (net income / shareholders' equity)	10.5%	12%	9.15%	4.15%	-5.04%	8.38%	7.31%
ROA (Net income/ Total Assets)	7.58%	8.5%	6.48%	2.74%	-	5.28%	6.21%
Assets ¹	3,805	4,409	4,795	5,393	-	7,549	6,451
Book Value Per Share ²	3.680	4.090	4.310	4.890	4.610	5.370	5.660
Cash Flow per Share ²	0.4900	0.3700	0.0700	-0.1600	0.2800	0.3600	0.6400
Capex ¹	178	183	287	117	157	164	156
Capex / Sales	8.6%	7.69%	11.33%	5.11%	7.91%	5.55%	4.37%
Announcement Date	2/24/20	2/25/21	2/25/22	2/24/23	4/12/24	-	-

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

Ratings for SDIC Intelligence Xiamen Information Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

D-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

13.3 CNY

Average target price

15.69 CNY

Spread / Average Target

+17.94%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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Data Processing Services