Financials Shenzhen Kinwong Electronic Co., Ltd.

Equities

603228

CNE100002FZ7

Semiconductors

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
20.56 CNY +3.21% Intraday chart for Shenzhen Kinwong Electronic Co., Ltd. +7.98% -8.87%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 20,546 26,396 25,733 29,408 17,148 17,309 17,309 -
Enterprise Value (EV) 1 20,546 26,396 25,733 29,408 17,148 18,993 17,309 17,309
P/E ratio 25.4 x 31.1 x 27.4 x 31.1 x 15.9 x 20.3 x 12.1 x 10.2 x
Yield 1.5% 0.68% 1% 0.87% - 2.22% 2.29% 2.7%
Capitalization / Revenue 4.12 x 4.17 x 3.64 x 3.09 x 1.63 x 1.77 x 1.3 x 1.13 x
EV / Revenue 4.12 x 4.17 x 3.64 x 3.09 x 1.63 x 1.77 x 1.3 x 1.13 x
EV / EBITDA - - - 20,105,289 x - - - -
EV / FCF - - - - - 28.4 x 94.1 x 23.4 x
FCF Yield - - - - - 3.52% 1.06% 4.27%
Price to Book 5.29 x 4.87 x 4.12 x 4.22 x 2.21 x 2.29 x 1.73 x 1.52 x
Nbr of stocks (in thousands) 805,560 843,320 853,484 851,672 847,250 841,874 841,874 -
Reference price 2 25.51 31.30 30.15 34.53 20.24 20.56 20.56 20.56
Announcement Date 3/29/19 3/16/20 3/30/21 4/29/22 2/2/23 4/26/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 4,986 6,332 7,064 9,532 10,514 10,757 13,265 15,354
EBITDA - - - 1,463 - - - -
EBIT 1 923.7 927 1,057 1,046 1,231 1,052 1,653 1,961
Operating Margin 18.53% 14.64% 14.96% 10.98% 11.71% 9.78% 12.46% 12.77%
Earnings before Tax (EBT) 1 923.2 912 1,054 1,043 1,226 1,048 1,648 1,956
Net income 1 802.7 837.1 921 935.3 1,066 936.3 1,433 1,702
Net margin 16.1% 13.22% 13.04% 9.81% 10.14% 8.7% 10.81% 11.08%
EPS 2 1.005 1.007 1.100 1.110 1.270 1.110 1.697 2.017
Free Cash Flow 1 - - - - - 668.7 184 739
FCF margin - - - - - 6.22% 1.39% 4.81%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - 71.42% 12.84% 43.43%
Dividend per Share 2 0.3826 0.2143 0.3000 0.3000 - 0.5000 0.4700 0.5550
Announcement Date 3/29/19 3/16/20 3/30/21 4/29/22 2/2/23 4/26/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - - - 669 184 739
ROE (net income / shareholders' equity) 22% 17.2% 15.6% 13.6% 13.9% 11.1% 14.4% 15.1%
ROA (Net income/ Total Assets) - - 8.8% - - - - -
Assets 1 - - 10,462 - - - - -
Book Value Per Share 2 4.820 6.430 7.310 8.180 9.160 9.850 11.90 13.50
Cash Flow per Share 2 1.000 1.040 1.790 1.340 1.840 2.510 2.200 2.590
Capex 1 524 901 1,872 2,385 1,859 1,447 1,612 1,582
Capex / Sales 10.5% 14.23% 26.5% 25.02% 17.68% 13.45% 12.15% 10.31%
Announcement Date 3/29/19 3/16/20 3/30/21 4/29/22 2/2/23 4/26/24 - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
20.56
Average target price
-
Consensus

Annual profits - Rate of surprise

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