Financials Synthesis Electronic Technology Co.,Ltd.

Equities

300479

CNE1000020Y8

IT Services & Consulting

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
16.05 CNY -3.66% Intraday chart for Synthesis Electronic Technology Co.,Ltd. +4.09% -18.45%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,144 2,687 2,399 3,186 3,367 3,878
Enterprise Value (EV) 1 2,153 2,679 2,394 2,860 3,100 3,427
P/E ratio 205 x 135 x 347 x -17.1 x -29.1 x -55.9 x
Yield 0.23% 0.19% 0.14% - - -
Capitalization / Revenue 5.29 x 5.71 x 6.39 x 8.7 x 8.87 x 9.35 x
EV / Revenue 5.31 x 5.69 x 6.37 x 7.81 x 8.17 x 8.27 x
EV / EBITDA 85.4 x 64.1 x 660 x -38.7 x -62.6 x -44.6 x
EV / FCF -26.4 x -195 x 196 x 82.7 x -149 x 15.9 x
FCF Yield -3.78% -0.51% 0.51% 1.21% -0.67% 6.31%
Price to Book 3.9 x 4.33 x 3.83 x 4.21 x 5.35 x 7.25 x
Nbr of stocks (in thousands) 164,933 169,287 169,555 197,041 197,041 197,041
Reference price 2 13.00 15.87 14.15 16.17 17.09 19.68
Announcement Date 4/11/19 3/30/20 4/27/21 4/21/22 4/25/23 3/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 405.5 470.4 375.6 366.1 379.6 414.6
EBITDA 1 25.19 41.8 3.628 -73.91 -49.52 -76.8
EBIT 1 18.56 34.22 -4.561 -82.37 -57.67 -85
Operating Margin 4.58% 7.28% -1.21% -22.5% -15.19% -20.5%
Earnings before Tax (EBT) 1 24.79 36.4 9.529 -180.3 -120.3 -76.19
Net income 1 10.33 19.84 6.915 -164.9 -115.8 -69.33
Net margin 2.55% 4.22% 1.84% -45.04% -30.51% -16.72%
EPS 2 0.0634 0.1179 0.0408 -0.9469 -0.5879 -0.3518
Free Cash Flow 1 -81.44 -13.73 12.22 34.59 -20.85 216.1
FCF margin -20.08% -2.92% 3.25% 9.45% -5.49% 52.13%
FCF Conversion (EBITDA) - - 336.92% - - -
FCF Conversion (Net income) - - 176.77% - - -
Dividend per Share 2 0.0300 0.0300 0.0200 - - -
Announcement Date 4/11/19 3/30/20 4/27/21 4/21/22 4/25/23 3/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 8.71 - - - - -
Net Cash position 1 - 8.08 5.27 326 268 451
Leverage (Debt/EBITDA) 0.3458 x - - - - -
Free Cash Flow 1 -81.4 -13.7 12.2 34.6 -20.9 216
ROE (net income / shareholders' equity) 4.42% 5.44% 1.58% -23.7% -16.3% -12.4%
ROA (Net income/ Total Assets) 1.65% 2.41% -0.31% -5.22% -3.79% -4.86%
Assets 1 627 823.6 -2,253 3,156 3,055 1,427
Book Value Per Share 2 3.330 3.670 3.700 3.840 3.190 2.710
Cash Flow per Share 2 0.6800 0.7600 0.6700 2.130 1.660 2.670
Capex 1 16.5 23.7 19.5 16.2 9.09 12.5
Capex / Sales 4.08% 5.03% 5.19% 4.43% 2.39% 3.02%
Announcement Date 4/11/19 3/30/20 4/27/21 4/21/22 4/25/23 3/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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