Financials Sino Wealth Electronic Ltd.

Equities

300327

CNE100001FH7

Semiconductors

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
20.07 CNY +2.24% Intraday chart for Sino Wealth Electronic Ltd. +3.99% -11.97%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,545 9,104 21,113 12,098 7,755 6,826 - -
Enterprise Value (EV) 1 6,545 9,104 20,773 11,762 7,496 6,289 5,950 5,772
P/E ratio 34.5 x 43.5 x 56.6 x 37.3 x 41.7 x 34.8 x 19.4 x 15.1 x
Yield 1.86% 1.47% 0.71% 1.13% 0.88% 0.97% 1.83% 2.42%
Capitalization / Revenue 7.85 x 8.99 x 14.1 x 7.55 x 5.96 x 4.31 x 3.11 x 2.63 x
EV / Revenue 7.85 x 8.99 x 13.9 x 7.34 x 5.77 x 3.98 x 2.71 x 2.22 x
EV / EBITDA 31.9 x 37.9 x 49 x 30.1 x 63.1 x 34 x 18 x 11.6 x
EV / FCF - - -166,273,867 x - - - - -
FCF Yield - - -0% - - - - -
Price to Book 6.77 x 8.59 x 16.1 x 8.17 x 4.67 x 3.7 x 3.31 x 2.76 x
Nbr of stocks (in thousands) 338,152 338,123 342,039 342,039 340,116 340,116 - -
Reference price 2 19.35 26.93 61.73 35.37 22.80 20.07 20.07 20.07
Announcement Date 2/28/20 2/26/21 2/28/22 3/29/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 834.1 1,012 1,494 1,602 1,300 1,582 2,197 2,600
EBITDA 1 205.2 240.5 423.7 390.3 118.8 184.8 330.8 495.9
EBIT 1 192.3 217.5 398.3 363.4 86.39 217.4 372.8 458
Operating Margin 23.06% 21.49% 26.66% 22.69% 6.64% 13.74% 16.97% 17.62%
Earnings before Tax (EBT) 1 192.4 217.6 396.7 310.7 132.4 193.4 341.4 464.3
Net income 1 189.3 209.4 370.6 323 186.3 197.5 353.6 456.4
Net margin 22.69% 20.69% 24.81% 20.16% 14.33% 12.48% 16.1% 17.56%
EPS 2 0.5604 0.6196 1.090 0.9495 0.5471 0.5767 1.034 1.333
Free Cash Flow - - -124.9 - - - - -
FCF margin - - -8.36% - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.3606 0.3967 0.4364 0.4000 0.2000 0.1950 0.3667 0.4850
Announcement Date 2/28/20 2/26/21 2/28/22 3/29/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 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 1 455 557.3 464 438.1 354 345.7 289 339.7 294 377.5 318.8 380.1 411.6 420.2
EBITDA - - - - - - - - - - - - - -
EBIT 1 - 116 139.3 137.5 40.68 45.96 37.71 33.12 -8.377 23.95 31.91 29.39 39.86 48.95
Operating Margin - 20.82% 30.02% 31.38% 11.49% 13.29% 13.05% 9.75% -2.85% 6.34% 10.01% 7.73% 9.68% 11.65%
Earnings before Tax (EBT) - 116.1 - - - - - - - - - - - -
Net income 93.97 115.4 - 127 55.24 12.4 - - - 86.74 - - - -
Net margin 20.65% 20.72% - 28.98% 15.6% 3.59% - - - 22.98% - - - -
EPS 2 - 0.3388 - - - - 0.1007 0.1500 0.0400 0.2600 0.0904 0.1000 0.1300 0.1600
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 8/20/20 2/26/21 4/19/22 8/11/22 10/21/22 3/29/23 4/19/23 8/18/23 10/22/23 3/29/24 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 - - 340 336 259 537 877 1,054
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - -125 - - - - -
ROE (net income / shareholders' equity) 20.8% 21.1% 30.3% 22.8% 11.7% 10.9% 16.6% 16.5%
ROA (Net income/ Total Assets) 17% 16.6% 24.5% 17.5% - 10% 11% 12.4%
Assets 1 1,115 1,258 1,513 1,841 - 1,975 3,214 3,681
Book Value Per Share 2 2.860 3.130 3.840 4.330 4.880 5.430 6.060 7.260
Cash Flow per Share 2 0.6500 0.6400 0.0100 0.0100 -0.0900 0.7300 0.5800 1.020
Capex 1 31.7 108 128 102 72.8 70.7 68.9 81.7
Capex / Sales 3.8% 10.65% 8.58% 6.39% 5.6% 4.47% 3.14% 3.14%
Announcement Date 2/28/20 2/26/21 2/28/22 3/29/23 3/29/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
20.07 CNY
Average target price
27.79 CNY
Spread / Average Target
+38.45%
Consensus
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