Stock 688188 SHANGHAI FRIENDESS ELECTRONIC TECHNOLOGY CORPORATION LIMITED
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Financials Shanghai Friendess Electronic Technology Corporation Limited

Equities

688188

CNE100003LY6

Industrial Machinery & Equipment

End-of-day quote Shanghai S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
317.2 CNY +1.85% Intraday chart for Shanghai Friendess Electronic Technology Corporation Limited +4.67% +25.30%
Apr. 23 Shanghai Friendess Electronic Technology Corporation Limited Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
Feb. 26 Friendess Electronic Technology's 2023 Profit Rises 51% MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,722 26,362 38,675 31,688 37,039 46,542 - -
Enterprise Value (EV) 1 15,722 26,362 36,163 29,381 34,399 43,392 42,698 41,763
P/E ratio 53.1 x 71.2 x 70.6 x 65.8 x 51 x 46.6 x 34.8 x 27.3 x
Yield - 0.49% 0.48% 0.52% 0.99% 1.18% 1.14% 1.41%
Capitalization / Revenue 41.8 x 46.2 x 42.3 x 35.2 x 26.3 x 23.5 x 18.3 x 13.8 x
EV / Revenue 41.8 x 46.2 x 39.6 x 32.7 x 24.4 x 21.9 x 16.8 x 12.4 x
EV / EBITDA - 65.7 x 59.1 x 52 x 40.5 x 39.8 x 29.5 x 21.6 x
EV / FCF - 83 x 108 x 56.2 x 48.5 x 49.9 x 36.8 x 26.9 x
FCF Yield - 1.2% 0.93% 1.78% 2.06% 2% 2.72% 3.72%
Price to Book - 10.6 x 12.9 x 7.41 x 7.45 x 8.1 x 6.92 x 5.68 x
Nbr of stocks (in thousands) 140,000 140,000 140,469 145,975 146,334 146,752 - -
Reference price 2 112.3 188.3 275.3 217.1 253.1 317.2 317.2 317.2
Announcement Date 4/27/20 2/25/21 2/21/22 2/23/23 2/23/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 376.1 570.8 913.4 899.4 1,407 1,979 2,539 3,381
EBITDA 1 - 401.2 611.4 565 849.5 1,091 1,448 1,935
EBIT 1 - 395.4 604.5 539.3 827.3 1,072 1,459 1,931
Operating Margin - 69.27% 66.18% 59.96% 58.8% 54.17% 57.47% 57.1%
Earnings before Tax (EBT) 1 - 408.7 613.5 551.1 826.8 1,153 1,514 1,987
Net income 1 - 370.6 550.2 486.3 728.9 997.5 1,333 1,702
Net margin - 64.92% 60.23% 54.07% 51.8% 50.41% 52.5% 50.35%
EPS 2 2.114 2.643 3.900 3.300 4.960 6.813 9.109 11.63
Free Cash Flow 1 - 317.6 335.3 522.5 709.4 870 1,161 1,552
FCF margin - 55.64% 36.71% 58.1% 50.42% 43.97% 45.73% 45.91%
FCF Conversion (EBITDA) - 79.16% 54.84% 92.48% 83.51% 79.71% 80.17% 80.23%
FCF Conversion (Net income) - 85.7% 60.94% 107.46% 97.33% 87.22% 87.1% 91.19%
Dividend per Share 2 - 0.9214 1.321 1.130 2.510 3.736 3.630 4.469
Announcement Date 4/27/20 2/25/21 2/21/22 2/23/23 2/23/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 207.2 190.7 218.1 243.8 246.7 271.6 389.5 330.4 415.6 381.1 545.3 462.6 599.8
EBITDA - - - - - - - - - - - - -
EBIT 66.44 127.5 - 158.3 110 160.7 266.5 220.7 - 235.1 - - -
Operating Margin 32.06% 66.83% - 64.93% 44.6% 59.16% 68.41% 66.8% - 61.7% - - -
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - -
EPS 2 0.6214 0.7286 0.7200 0.9500 0.6100 0.9000 1.570 1.430 1.060 1.320 2.160 1.980 1.470
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/21/22 4/28/22 8/8/22 10/27/22 2/23/23 4/26/23 8/15/23 10/10/23 2/23/24 4/23/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - 2,512 2,308 2,639 3,150 3,844 4,779
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 318 335 523 709 870 1,161 1,553
ROE (net income / shareholders' equity) - 15.9% 20.3% 12.5% 15.8% 18.3% 20.6% 22.6%
ROA (Net income/ Total Assets) - 15.3% 19.7% 12.7% 14.8% 19.2% 19.3% 22.7%
Assets 1 - 2,416 2,789 3,821 4,920 5,195 6,898 7,500
Book Value Per Share 2 - 17.80 21.30 29.30 34.00 39.20 45.80 55.80
Cash Flow per Share 2 - 2.590 3.550 4.240 5.880 5.950 8.210 11.00
Capex 1 - 44.9 163 96.7 152 135 138 164
Capex / Sales - 7.86% 17.89% 10.76% 10.77% 6.83% 5.42% 4.85%
Announcement Date 4/27/20 2/25/21 2/21/22 2/23/23 2/23/24 - - -
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 Shanghai Friendess Electronic Technology Corporation Limited

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
317.2 CNY
Average target price
339.1 CNY
Spread / Average Target
+6.91%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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