Financials Zhejiang Furun Digital Technology CO.,LTD

Equities

600070

CNE000000QP0

Internet Services

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1.11 CNY +2.78% Intraday chart for Zhejiang Furun Digital Technology CO.,LTD -7.50% -59.93%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,403 4,976 4,307 3,714 2,821 1,406
Enterprise Value (EV) 1 3,512 4,302 3,801 3,371 2,722 1,468
P/E ratio 15.7 x 10.1 x -9.88 x -6.54 x -4.79 x -2.47 x
Yield 1.23% 0.83% 0.58% - - -
Capitalization / Revenue 1.23 x 1.59 x 1.42 x 2.83 x 14.5 x 15.1 x
EV / Revenue 1.27 x 1.37 x 1.25 x 2.57 x 14 x 15.7 x
EV / EBITDA 10.5 x 18.2 x 40.6 x -11 x -5.76 x -38.2 x
EV / FCF -18.3 x 22.4 x -339 x -93.2 x 16.8 x 4.54 x
FCF Yield -5.46% 4.46% -0.29% -1.07% 5.94% 22%
Price to Book 1.42 x 1.72 x 1.82 x 2.15 x 2.3 x 2.13 x
Nbr of stocks (in thousands) 521,946 515,669 506,721 506,721 507,421 507,421
Reference price 2 6.520 9.650 8.500 7.330 5.560 2.770
Announcement Date 4/16/19 4/27/20 4/26/21 4/26/22 4/27/23 4/26/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,767 3,129 3,039 1,312 194.7 93.23
EBITDA 1 335.7 236.9 93.74 -307.6 -472.2 -38.44
EBIT 1 289.7 195.4 57.68 -313.9 -478.5 -44.92
Operating Margin 10.47% 6.24% 1.9% -23.93% -245.76% -48.18%
Earnings before Tax (EBT) 1 323.2 695.6 -330.1 -551.9 -633.2 -627.8
Net income 1 216.8 485.5 -433.3 -565.1 -586 -567.7
Net margin 7.84% 15.51% -14.26% -43.07% -301.03% -608.94%
EPS 2 0.4160 0.9568 -0.8600 -1.120 -1.160 -1.120
Free Cash Flow 1 -191.8 191.7 -11.2 -36.18 161.6 323.5
FCF margin -6.93% 6.13% -0.37% -2.76% 83% 346.99%
FCF Conversion (EBITDA) - 80.9% - - - -
FCF Conversion (Net income) - 39.48% - - - -
Dividend per Share 2 0.0800 0.0800 0.0490 - - -
Announcement Date 4/16/19 4/27/20 4/26/21 4/26/22 4/27/23 4/26/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 109 - - - - 62.6
Net Cash position 1 - 674 506 343 99 -
Leverage (Debt/EBITDA) 0.3247 x - - - - -1.628 x
Free Cash Flow 1 -192 192 -11.2 -36.2 162 324
ROE (net income / shareholders' equity) 10.7% 18.7% -14.6% -27.2% -39.2% -61.3%
ROA (Net income/ Total Assets) 4.67% 2.74% 0.85% -6.13% -13% -1.96%
Assets 1 4,640 17,712 -50,787 9,224 4,505 28,896
Book Value Per Share 2 4.580 5.610 4.680 3.410 2.420 1.300
Cash Flow per Share 2 0.6900 0.5900 0.6100 0.3500 0.1600 0.0500
Capex 1 78.6 29.4 24.3 - 0.21 2.24
Capex / Sales 2.84% 0.94% 0.8% - 0.11% 2.4%
Announcement Date 4/16/19 4/27/20 4/26/21 4/26/22 4/27/23 4/26/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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