Financials Shenzhen Sunshine Laser & Electronics Technology Co., Ltd.

Equities

300227

CNE1000013R7

Semiconductor Equipment & Testing

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
6.76 CNY +7.99% Intraday chart for Shenzhen Sunshine Laser & Electronics Technology Co., Ltd. +14.58% -13.78%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,111 3,357 5,134 4,862 3,284 3,878
Enterprise Value (EV) 1 2,248 3,520 5,322 5,078 3,632 4,264
P/E ratio 30.9 x 43.6 x 37.6 x 54.7 x 41.4 x 69 x
Yield 0.37% 0.19% 0.37% - - -
Capitalization / Revenue 3.64 x 4.25 x 5.79 x 5.23 x 3.19 x 3.61 x
EV / Revenue 3.87 x 4.45 x 6 x 5.46 x 3.53 x 3.97 x
EV / EBITDA 17 x 21.5 x 21.2 x 24.1 x 17.9 x 20.8 x
EV / FCF -47.4 x -24.3 x 199 x -34.1 x -33.3 x -213 x
FCF Yield -2.11% -4.12% 0.5% -2.93% -3% -0.47%
Price to Book 2.76 x 3.08 x 4.27 x 3.41 x 2.17 x 2.5 x
Nbr of stocks (in thousands) 400,459 449,990 475,814 494,130 494,581 494,581
Reference price 2 5.272 7.461 10.79 9.840 6.640 7.840
Announcement Date 4/10/19 4/8/20 4/8/21 4/8/22 4/3/23 4/19/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 580.3 790.4 887.2 930.3 1,030 1,073
EBITDA 1 132.6 163.9 251.4 210.5 202.6 204.9
EBIT 1 69.53 94.46 168.4 120.6 102.1 97.09
Operating Margin 11.98% 11.95% 18.97% 12.97% 9.91% 9.05%
Earnings before Tax (EBT) 1 75.7 88.94 166.3 115 90.85 55.84
Net income 1 68.23 72.09 129.8 91.54 80.03 56.82
Net margin 11.76% 9.12% 14.63% 9.84% 7.77% 5.3%
EPS 2 0.1704 0.1712 0.2871 0.1800 0.1602 0.1137
Free Cash Flow 1 -47.46 -144.9 26.7 -148.8 -109 -20
FCF margin -8.18% -18.33% 3.01% -15.99% -10.58% -1.86%
FCF Conversion (EBITDA) - - 10.62% - - -
FCF Conversion (Net income) - - 20.57% - - -
Dividend per Share 2 0.0194 0.0139 0.0400 - - -
Announcement Date 4/10/19 4/8/20 4/8/21 4/8/22 4/3/23 4/19/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 16.43
Net margin -
EPS 2 0.0329
Dividend per Share -
Announcement Date 4/28/22
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 137 162 188 216 348 386
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.032 x 0.9905 x 0.7475 x 1.026 x 1.718 x 1.886 x
Free Cash Flow 1 -47.5 -145 26.7 -149 -109 -20
ROE (net income / shareholders' equity) 9.18% 8.68% 12.2% 7.18% 5.34% 2.95%
ROA (Net income/ Total Assets) 3.92% 4.06% 5.64% 3.57% 2.66% 2.3%
Assets 1 1,740 1,775 2,303 2,567 3,011 2,470
Book Value Per Share 2 1.910 2.420 2.530 2.890 3.050 3.140
Cash Flow per Share 2 0.2100 0.3300 0.4700 0.4600 0.3400 0.4300
Capex 1 161 145 107 191 137 127
Capex / Sales 27.66% 18.31% 12.04% 20.58% 13.34% 11.84%
Announcement Date 4/10/19 4/8/20 4/8/21 4/8/22 4/3/23 4/19/24
1CNY in Million2CNY
Estimates
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