Financials Shanghai Fudan Microelectronics Group Company Limited

Equities

1385

CNE100000510

Semiconductors

Market Closed - Hong Kong S.E. 04:08:22 2024-04-29 am EDT 5-day change 1st Jan Change
10.54 HKD +1.35% Intraday chart for Shanghai Fudan Microelectronics Group Company Limited +9.00% -25.25%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,723 39,982 50,399 26,766 21,142 - -
Enterprise Value (EV) 1 9,723 38,677 49,140 27,323 19,571 18,546 19,941
P/E ratio 61.8 x - 19.7 x 14.6 x 6.83 x 5.48 x -
Yield - 0.32% 0.52% 0.77% 0.94% 0.94% 1.04%
Capitalization / Revenue - 12.6 x 12.5 x 6.96 x 4.87 x 4.15 x 3.82 x
EV / Revenue - 12.2 x 12.2 x 7.11 x 4.51 x 3.64 x 3.6 x
EV / EBITDA - 47.1 x 32.9 x 25 x 16.2 x 10.7 x 13.8 x
EV / FCF - - -93.9 x - 122 x 18.7 x -
FCF Yield - - -1.06% - 0.82% 5.36% -
Price to Book - 5.45 x 4.66 x 2 x 1.36 x 1.2 x 1.08 x
Nbr of stocks (in thousands) 694,502 814,502 816,657 819,060 819,060 - -
Reference price 2 14.00 25.40 29.50 14.10 10.40 10.40 10.40
Announcement Date 3/14/21 2/25/22 2/27/23 2/23/24 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 3,169 4,037 3,845 4,339 5,097 5,539
EBITDA 1 - 820.5 1,491 1,094 1,206 1,730 1,447
EBIT 1 - 705.1 1,279 809.7 807.4 1,325 937.7
Operating Margin - 22.25% 31.69% 21.06% 18.61% 25.99% 16.93%
Earnings before Tax (EBT) 1 - 705.2 1,279 810.2 1,370 1,777 -
Net income 1 158.7 632.7 1,228 788 1,247 1,551 -
Net margin - 19.96% 30.43% 20.5% 28.73% 30.43% -
EPS 2 0.2267 - 1.501 0.9678 1.522 1.897 -
Free Cash Flow 1 - - -523.3 - 160.8 993.6 -
FCF margin - - -12.96% - 3.71% 19.49% -
FCF Conversion (EBITDA) - - - - 13.33% 57.43% -
FCF Conversion (Net income) - - - - 12.9% 64.06% -
Dividend per Share 2 - 0.0804 0.1540 0.1082 0.0980 0.0980 0.1080
Announcement Date 3/14/21 2/25/22 2/27/23 2/23/24 - - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 557 - - -
Net Cash position 1 - 1,305 1,259 - 1,571 2,596 1,201
Leverage (Debt/EBITDA) - - - 0.5089 x - - -
Free Cash Flow 1 - - -523 - 161 994 -
ROE (net income / shareholders' equity) - 20.3% 28.5% 14.8% 12.8% 13.1% 11.9%
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 - 4.660 6.330 7.030 7.660 8.630 9.620
Cash Flow per Share - - - - - - -
Capex 1 - 693 890 921 557 557 -
Capex / Sales - 21.88% 22.04% 23.95% 12.85% 10.93% -
Announcement Date 3/14/21 2/25/22 2/27/23 2/23/24 - - -
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
10.4 HKD
Average target price
13.7 HKD
Spread / Average Target
+31.73%
Consensus

Annual profits - Rate of surprise

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