Financials USPACE Technology Group Limited

Equities

1725

KYG4585K1031

Semiconductors

Market Closed - Hong Kong S.E. 04:08:09 2024-05-16 am EDT 5-day change 1st Jan Change
1.9 HKD +9.83% Intraday chart for USPACE Technology Group Limited +9.20% -42.07%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 382 584.5 328.2 6,886 1,673 940.2
Enterprise Value (EV) 1 257.4 487.7 174.7 7,032 2,221 1,559
P/E ratio 15.7 x 23 x 18.9 x -127 x -10.8 x -4.37 x
Yield - - - - - -
Capitalization / Revenue 0.7 x 1.07 x 0.6 x 10.6 x 2.63 x 1.58 x
EV / Revenue 0.47 x 0.89 x 0.32 x 10.8 x 3.5 x 2.63 x
EV / EBITDA 9.25 x 13.5 x 6.45 x -201 x -19.7 x -9.15 x
EV / FCF -7.18 x -16.5 x 2.44 x -16.7 x -7.91 x -7.83 x
FCF Yield -13.9% -6.05% 41% -6% -12.6% -12.8%
Price to Book 1.83 x 2.47 x 1.31 x 17.6 x 6.8 x 5.39 x
Nbr of stocks (in thousands) 300,000 300,000 300,000 309,000 309,000 315,378
Reference price 2 1.273 1.948 1.094 22.29 5.414 2.981
Announcement Date 4/16/19 4/7/20 4/28/21 4/28/22 4/28/23 4/30/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 546.7 546.3 547.8 650.2 635.4 593.5
EBITDA 1 27.82 36.13 27.09 -35.04 -112.9 -170.4
EBIT 1 25.27 30.68 21.24 -43.13 -135.2 -201.1
Operating Margin 4.62% 5.62% 3.88% -6.63% -21.27% -33.88%
Earnings before Tax (EBT) 1 25.33 29.19 20.33 -46.96 -153 -226.7
Net income 1 20.59 25.46 17.32 -53.08 -154.3 -211.1
Net margin 3.77% 4.66% 3.16% -8.16% -24.28% -35.58%
EPS 2 0.0813 0.0849 0.0577 -0.1761 -0.4993 -0.6819
Free Cash Flow 1 -35.84 -29.51 71.67 -421.7 -280.8 -199
FCF margin -6.56% -5.4% 13.08% -64.85% -44.19% -33.53%
FCF Conversion (EBITDA) - - 264.58% - - -
FCF Conversion (Net income) - - 413.73% - - -
Dividend per Share - - - - - -
Announcement Date 4/16/19 4/7/20 4/28/21 4/28/22 4/28/23 4/30/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 146 548 619
Net Cash position 1 125 96.8 154 - - -
Leverage (Debt/EBITDA) - - - -4.177 x -4.859 x -3.631 x
Free Cash Flow 1 -35.8 -29.5 71.7 -422 -281 -199
ROE (net income / shareholders' equity) 13.9% 11.4% 7.12% -16.5% -48.4% -99.2%
ROA (Net income/ Total Assets) 5.64% 4.67% 2.6% -3.55% -7.79% -10.6%
Assets 1 364.8 545 665.8 1,494 1,980 2,001
Book Value Per Share 2 0.7000 0.7900 0.8300 1.270 0.8000 0.5500
Cash Flow per Share 2 0.4600 0.3600 0.6000 0.3000 0.1300 0.2200
Capex 1 39.8 4.71 42.5 257 195 190
Capex / Sales 7.28% 0.86% 7.75% 39.57% 30.62% 32.01%
Announcement Date 4/16/19 4/7/20 4/28/21 4/28/22 4/28/23 4/30/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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