Financials Smart Share Global Limited

Equities

EM

US83193E1029

Phones & Handheld Devices

Market Closed - Nasdaq 04:30:00 2024-04-26 pm EDT 5-day change 1st Jan Change
0.6212 USD +5.07% Intraday chart for Smart Share Global Limited -2.94% +23.99%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 2,312 2,035 921.6 1,162 - -
Enterprise Value (EV) 1 -253.6 -900.7 921.6 1,162 1,162 1,162
P/E ratio -0.76 x - - 23.7 x 21.4 x 19.6 x
Yield - - - - - -
Capitalization / Revenue 0.64 x 0.72 x 0.31 x 0.53 x 0.49 x 0.46 x
EV / Revenue 0.64 x 0.72 x 0.31 x 0.53 x 0.49 x 0.46 x
EV / EBITDA 7.26 x -11.9 x - 9.41 x 7.3 x 6.5 x
EV / FCF -9.41 x - - 14.9 x 7.91 x 10.7 x
FCF Yield -10.6% - - 6.71% 12.6% 9.38%
Price to Book - - - - - -
Nbr of stocks (in thousands) 249,286 258,754 259,182 258,190 - -
Reference price 2 9.274 7.863 3.556 4.501 4.501 4.501
Announcement Date 3/11/22 4/21/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,809 3,585 2,838 2,959 2,204 2,355 2,509
EBITDA 1 - 318.6 -171.7 - 123.5 159.3 178.9
EBIT 1 - -78.29 -593 19.27 25.98 57.8 74.41
Operating Margin - -2.18% -20.89% 0.65% 1.18% 2.45% 2.97%
Earnings before Tax (EBT) 1 - -124.6 - - 111 122 139
Net income 1 - -124.6 - - 97 107 121
Net margin - -3.48% - - 4.4% 4.54% 4.82%
EPS 2 -0.5744 -12.20 - - 0.1900 0.2100 0.2300
Free Cash Flow 1 - -245.6 - - 78 147 109
FCF margin - -6.85% - - 3.54% 6.24% 4.34%
FCF Conversion (EBITDA) - - - - 63.17% 92.28% 60.92%
FCF Conversion (Net income) - - - - 80.41% 137.38% 90.08%
Dividend per Share - - - - - - -
Announcement Date 3/12/21 3/11/22 4/21/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2021 Q4 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2024 Q1
Net sales 1 1,819 930 836.2 690.5 815 595.6 822.8 1,036 499
EBITDA - - - - - - - - -
EBIT 1 59.77 -75.85 -62.21 -184 -89.86 -226.6 -9.49 19.1 -93
Operating Margin 3.29% -8.16% -7.44% -26.65% -11.03% -38.04% -1.15% 1.84% -18.64%
Earnings before Tax (EBT) - - - - - - - - -
Net income - - - - - - - - -
Net margin - - - - - - - - -
EPS - - - - - - - - -
Dividend per Share - - - - - - - - -
Announcement Date 8/23/21 11/30/21 3/11/22 9/8/22 12/20/22 4/21/23 6/20/23 8/21/23 -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - 2,565 2,935 - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - -246 - - 78 147 109
ROE (net income / shareholders' equity) - -5.05% -24.2% 3.25% 3.85% 4.63% 4.92%
ROA (Net income/ Total Assets) - -2.83% - - 2.1% 2.2% 2.4%
Assets 1 - 4,398 - - 4,619 4,864 5,042
Book Value Per Share - - - - - - -
Cash Flow per Share - - - - - - -
Capex 1 - 472 - - 254 267 302
Capex / Sales - 13.18% - - 11.52% 11.34% 12.04%
Announcement Date 3/12/21 3/11/22 4/21/23 3/28/24 - - -
1CNY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
4.501 CNY
Average target price
8.068 CNY
Spread / Average Target
+79.22%
Consensus

Quarterly revenue - Rate of surprise

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  4. Financials Smart Share Global Limited