Financials Shengyi Electronics Co., Ltd.

Equities

688183

CNE100005428

Semiconductors

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
10.25 CNY +3.54% Intraday chart for Shengyi Electronics Co., Ltd. +6.88% -9.85%

Valuation

Fiscal Period: December 2021 2022 2023
Capitalization 1 11,612 7,744 9,458
Enterprise Value (EV) 1 11,602 8,036 10,097
P/E ratio 42.3 x 24.5 x -379 x
Yield 1.15% 1.72% -
Capitalization / Revenue 3.18 x 2.19 x 2.89 x
EV / Revenue 3.18 x 2.27 x 3.08 x
EV / EBITDA 24.8 x 14.8 x 48.7 x
EV / FCF -14.2 x -39.2 x -18.6 x
FCF Yield -7.05% -2.55% -5.39%
Price to Book 2.97 x 1.9 x 2.41 x
Nbr of stocks (in thousands) 831,821 831,821 831,821
Reference price 2 13.96 9.310 11.37
Announcement Date 3/24/22 3/27/23 3/27/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,054 3,096 3,634 3,647 3,535 3,273
EBITDA 1 345.4 642.3 683 468 544.3 207.1
EBIT 1 254.1 533.2 528.2 259.4 314.1 -59.3
Operating Margin 12.37% 17.22% 14.54% 7.11% 8.89% -1.81%
Earnings before Tax (EBT) 1 240.4 506.1 496.7 279.6 309.9 -56.88
Net income 1 213.2 441.2 439.2 264.3 312.9 -24.99
Net margin 10.38% 14.25% 12.09% 7.25% 8.85% -0.76%
EPS 2 0.3200 0.6600 0.6600 0.3300 0.3800 -0.0300
Free Cash Flow 1 -12.25 -335.6 -412.6 -817.8 -205.2 -543.9
FCF margin -0.6% -10.84% -11.36% -22.42% -5.81% -16.62%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - 0.3300 0.3300 0.1600 0.1600 -
Announcement Date 1/28/21 1/28/21 3/25/21 3/24/22 3/27/23 3/27/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 267 721 1,179 - 292 639
Net Cash position 1 - - - 10 - -
Leverage (Debt/EBITDA) 0.7724 x 1.122 x 1.726 x - 0.5361 x 3.086 x
Free Cash Flow 1 -12.3 -336 -413 -818 -205 -544
ROE (net income / shareholders' equity) 15.9% 28.3% 24% 9.04% 7.83% -0.62%
ROA (Net income/ Total Assets) 7.13% 11% 7.93% 2.95% 2.93% -0.56%
Assets 1 2,989 4,010 5,537 8,965 10,672 4,466
Book Value Per Share 2 2.100 2.590 2.920 4.690 4.910 4.720
Cash Flow per Share 2 0.0700 0.3000 0.2400 1.400 1.400 0.5200
Capex 1 271 584 1,065 983 687 619
Capex / Sales 13.2% 18.86% 29.32% 26.95% 19.44% 18.91%
Announcement Date 1/28/21 1/28/21 3/25/21 3/24/22 3/27/23 3/27/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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