STARPOWER SEMICONDUCTOR LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 139.4 CNY | -7.62% |
|
+1.60% | -22.99% |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 38,544 | 65,001 | 56,233 | 30,939 | 23,830 | - | - |
| Enterprise Value (EV) 1 | 38,468 | 62,134 | 54,032 | 30,075 | 21,895 | 21,437 | 21,251 |
| P/E ratio | 209 x | 154 x | 68.9 x | 34 x | 32.4 x | 17.2 x | 14.6 x |
| Yield | 0.14% | 0.18% | 0.44% | 0.88% | 0.77% | 1.42% | 1.66% |
| Capitalization / Revenue | 40 x | 38.1 x | 20.8 x | 8.45 x | 5.99 x | 3.98 x | 3.27 x |
| EV / Revenue | 39.9 x | 36.4 x | 20 x | 8.21 x | 5.5 x | 3.58 x | 2.91 x |
| EV / EBITDA | 162 x | 126 x | 54.7 x | 25.8 x | 15.9 x | 11.7 x | 9.74 x |
| EV / FCF | - | -3,194 x | -85.3 x | -16.5 x | 68.5 x | 33.4 x | 20.2 x |
| FCF Yield | - | -0.03% | -1.17% | -6.05% | 1.46% | 2.99% | 4.94% |
| Price to Book | 33.3 x | 13 x | 9.8 x | 4.81 x | 3.38 x | 2.85 x | 2.52 x |
| Nbr of stocks (in thousands) | 160,000 | 170,606 | 170,765 | 170,933 | 170,972 | - | - |
| Reference price 2 | 240.9 | 381.0 | 329.3 | 181.0 | 139.4 | 139.4 | 139.4 |
| Announcement Date | 4/8/21 | 3/11/22 | 4/7/23 | 4/7/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 779.4 | 963 | 1,707 | 2,705 | 3,663 | 3,979 | 5,984 | 7,294 |
| EBITDA 1 | 173.1 | 237.8 | 492.9 | 988.2 | 1,166 | 1,378 | 1,825 | 2,182 |
| EBIT 1 | 144.9 | 204.8 | 450.7 | 927.3 | 1,057 | 817.2 | 1,530 | 1,821 |
| Operating Margin | 18.58% | 21.26% | 26.41% | 34.28% | 28.85% | 20.54% | 25.57% | 24.97% |
| Earnings before Tax (EBT) 1 | 144.8 | 208.8 | 454 | 927.1 | 1,044 | 845.1 | 1,567 | 1,841 |
| Net income 1 | 135.3 | 180.7 | 398.4 | 817.6 | 910.5 | 734.9 | 1,388 | 1,628 |
| Net margin | 17.36% | 18.76% | 23.34% | 30.22% | 24.86% | 18.47% | 23.19% | 22.32% |
| EPS 2 | 1.130 | 1.150 | 2.470 | 4.780 | 5.330 | 4.300 | 8.084 | 9.526 |
| Free Cash Flow 1 | - | - | -19.45 | -633.5 | -1,820 | 319.8 | 641.8 | 1,050 |
| FCF margin | - | - | -1.14% | -23.42% | -49.69% | 8.04% | 10.73% | 14.39% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 23.21% | 35.18% | 48.1% |
| FCF Conversion (Net income) | - | - | - | - | - | 43.52% | 46.26% | 64.46% |
| Dividend per Share 2 | - | 0.3390 | 0.7010 | 1.436 | 1.598 | 1.070 | 1.973 | 2.317 |
| Announcement Date | 4/7/20 | 4/8/21 | 3/11/22 | 4/7/23 | 4/7/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 509.8 | 542.5 | 611.6 | 720.1 | 831.3 | 780.1 | 907.9 | 930.7 | 1,044 | 804.8 | 1,134 | 1,234 | 1,376 | 1,238 | 1,449 |
| EBITDA 1 | 164.8 | 175.6 | 194 | 232.5 | - | - | - | - | - | - | 334.2 | 350.6 | 376.4 | 352.4 | 427.5 |
| EBIT 1 | 145.8 | 179 | 230.6 | 269.5 | 248.2 | 242.6 | 229.3 | 243.6 | 306.7 | 197.2 | 287 | 315.3 | 326.2 | 301.9 | 375.9 |
| Operating Margin | 28.6% | 32.99% | 37.7% | 37.43% | 29.86% | 31.1% | 25.25% | 26.17% | 29.37% | 24.5% | 25.31% | 25.55% | 23.7% | 24.37% | 25.94% |
| Earnings before Tax (EBT) 1 | 144.3 | 179 | 230.6 | 269.6 | 248 | 242.7 | 247.4 | 260.2 | 293.7 | 197.2 | 304.1 | 328.2 | 334 | 325 | - |
| Net income 1 | 131.9 | 151.2 | 195.3 | 243.6 | 227.5 | 206.2 | 223.8 | 228.3 | 252.3 | 162.6 | 263.7 | 291.9 | 307.5 | 282.9 | 348.6 |
| Net margin | 25.86% | 27.88% | 31.93% | 33.83% | 27.36% | 26.43% | 24.65% | 24.53% | 24.16% | 20.2% | 23.26% | 23.66% | 22.35% | 22.85% | 24.06% |
| EPS 2 | 0.8100 | 0.8900 | 1.140 | 1.420 | 1.330 | 1.210 | 1.304 | 1.335 | 1.480 | 0.9500 | 0.9800 | 1.130 | 1.250 | 1.562 | 1.827 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 1.988 | - | - |
| Announcement Date | 3/11/22 | 4/27/22 | 8/26/22 | 10/27/22 | 4/7/23 | 4/27/23 | 8/29/23 | 10/27/23 | 4/7/24 | 4/29/24 | - | - | - | - | - |
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 | - | 76.5 | 2,867 | 2,201 | 864 | 1,935 | 2,394 | 2,579 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | -19.5 | -634 | -1,820 | 320 | 642 | 1,050 |
| ROE (net income / shareholders' equity) | 27.2% | 17.3% | 24.7% | 15.3% | 15.1% | 10.9% | 17.2% | 17.7% |
| ROA (Net income/ Total Assets) | - | 15.8% | 11.5% | 12.9% | - | 12.1% | 14.7% | 14.2% |
| Assets 1 | - | 1,143 | 3,473 | 6,325 | - | 6,091 | 9,442 | 11,492 |
| Book Value Per Share 2 | 4.660 | 7.240 | 29.30 | 33.60 | 37.60 | 41.20 | 48.90 | 55.30 |
| Cash Flow per Share 2 | 0.7400 | -0.7800 | 2.090 | 3.910 | 2.240 | 5.990 | 6.120 | 8.180 |
| Capex 1 | 49.5 | 89.6 | 376 | 1,302 | 2,203 | 791 | 465 | 636 |
| Capex / Sales | 6.35% | 9.3% | 22.04% | 48.12% | 60.14% | 19.89% | 7.77% | 8.71% |
| Announcement Date | 4/7/20 | 4/8/21 | 3/11/22 | 4/7/23 | 4/7/24 | - | - | - |
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
D
Sell
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
139.4
CNY
Average target price
201.8
CNY
Spread / Average Target
+44.80%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -22.99% | 3.29B | |
| +73.28% | 2,112B | |
| +33.22% | 617B | |
| +10.93% | 574B | |
| -0.85% | 236B | |
| +24.61% | 201B | |
| +3.13% | 160B | |
| -39.27% | 130B | |
| +31.67% | 124B | |
| +30.41% | 101B |
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