ASIAINFO TECHNOLOGIES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.01 HKD | +2.04% |
|
+3.24% | -18.58% |
| Mar. 20 | Jefferies Adjusts AsiaInfo Technologies’ Price Target to HK$11.09 From HK$12.65, Keeps at Buy | MT |
| Mar. 19 | AsiaInfo Technologies’ Profit Down in Fiscal 2023 | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,380 | 5,749 | 8,586 | 9,586 | 11,294 | 6,069 | 6,069 | - |
| Enterprise Value (EV) 1 | 6,475 | 4,608 | 5,952 | 6,664 | 9,099 | 7,319 | 2,899 | 2,415 |
| P/E ratio | 27.9 x | 14.1 x | 11.2 x | 12.3 x | 13.5 x | 13.7 x | 6.55 x | 6.04 x |
| Yield | - | 3.18% | 3.09% | 3.28% | 2.95% | 3.31% | 6.22% | 6.97% |
| Capitalization / Revenue | 1.22 x | 1 x | 1.43 x | 1.39 x | 1.46 x | 0.93 x | 0.72 x | 0.67 x |
| EV / Revenue | 1.24 x | 0.81 x | 0.99 x | 0.97 x | 1.18 x | 0.93 x | 0.35 x | 0.27 x |
| EV / EBITDA | 12.3 x | 8.23 x | 7.7 x | 7.02 x | 8.66 x | 6.66 x | 2.69 x | 1.96 x |
| EV / FCF | 12.5 x | 8.81 x | 8.87 x | 10.3 x | 18.1 x | 4.8 x | 2.77 x | 2.43 x |
| FCF Yield | 8% | 11.4% | 11.3% | 9.75% | 5.52% | 20.8% | 36.1% | 41.2% |
| Price to Book | 1.97 x | 1.47 x | 1.32 x | - | - | 0.81 x | 0.83 x | 0.76 x |
| Nbr of stocks (in thousands) | 713,776 | 726,045 | 915,767 | 924,945 | 929,315 | 935,304 | 935,304 | - |
| Reference price 2 | 8.939 | 7.918 | 9.376 | 10.36 | 12.15 | 6.489 | 6.489 | 6.489 |
| Announcement Date | 3/18/19 | 3/23/20 | 3/23/21 | 3/7/22 | 3/7/23 | 3/18/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,211 | 5,721 | 6,020 | 6,895 | 7,738 | 7,891 | 8,383 | 9,038 |
| EBITDA 1 | 524.3 | 560.2 | 773.2 | 949.7 | 1,051 | 1,099 | 1,076 | 1,230 |
| EBIT 1 | 456.7 | 510 | 668.8 | 837.6 | 890.2 | 929.8 | 1,042 | 1,132 |
| Operating Margin | 8.76% | 8.91% | 11.11% | 12.15% | 11.5% | 11.78% | 12.43% | 12.53% |
| Earnings before Tax (EBT) 1 | 313.1 | 540.8 | 764.3 | 916.5 | 943.5 | 638.8 | 1,064 | 1,155 |
| Net income 1 | 205.4 | 408.8 | 662.1 | 785.7 | 824.4 | 533 | 920 | 1,003 |
| Net margin | 3.94% | 7.15% | 11% | 11.4% | 10.65% | 6.75% | 10.97% | 11.1% |
| EPS 2 | 0.3200 | 0.5600 | 0.8400 | 0.8400 | 0.9000 | 0.5700 | 0.9900 | 1.075 |
| Free Cash Flow 1 | 518.1 | 523.2 | 671.1 | 650 | 502 | 763 | 1,046 | 995 |
| FCF margin | 9.94% | 9.15% | 11.15% | 9.43% | 6.49% | 9.62% | 12.48% | 11.01% |
| FCF Conversion (EBITDA) | 98.83% | 93.4% | 86.79% | 68.44% | 47.76% | 135.43% | 97.23% | 80.87% |
| FCF Conversion (Net income) | 252.24% | 127.99% | 101.35% | 82.72% | 60.89% | 110.42% | 113.7% | 99.2% |
| Dividend per Share 2 | - | 0.2520 | 0.2900 | 0.3400 | 0.3580 | 0.2146 | 0.4033 | 0.4522 |
| Announcement Date | 3/18/19 | 3/23/20 | 3/23/21 | 3/7/22 | 3/7/23 | 3/18/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 S1 | 2022 S2 |
|---|---|---|
| Net sales 1 | - | 4,629 |
| EBITDA | - | - |
| EBIT | - | - |
| Operating Margin | - | - |
| Earnings before Tax (EBT) | - | - |
| Net income | 191.8 | - |
| Net margin | - | - |
| EPS | 0.2000 | - |
| Dividend per Share | - | - |
| Announcement Date | 8/8/22 | 3/7/23 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 94.3 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 1,141 | 2,634 | 2,923 | 2,195 | 2,405 | 3,170 | 3,654 |
| Leverage (Debt/EBITDA) | 0.1799 x | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 518 | 523 | 671 | 650 | 502 | 763 | 1,046 | 995 |
| ROE (net income / shareholders' equity) | 6.57% | 12.6% | 14% | 13.4% | 12.7% | 8.66% | 13% | 13.3% |
| ROA (Net income/ Total Assets) | 2.53% | 5.26% | 8.07% | - | - | - | - | - |
| Assets 1 | 8,130 | 7,769 | 8,207 | - | - | - | - | - |
| Book Value Per Share 2 | 4.530 | 5.380 | 7.120 | - | - | 7.980 | 7.830 | 8.550 |
| Cash Flow per Share 2 | 0.9100 | 0.7500 | - | - | - | 0.7100 | 0.6500 | 0.7300 |
| Capex 1 | 65.2 | 23.1 | 39.4 | 31.3 | 47.2 | 46 | 114 | 107 |
| Capex / Sales | 1.25% | 0.4% | 0.65% | 0.45% | 0.61% | 0.58% | 1.35% | 1.18% |
| Announcement Date | 3/18/19 | 3/23/20 | 3/23/21 | 3/7/22 | 3/7/23 | 3/18/24 | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
6.489
CNY
Average target price
11.3
CNY
Spread / Average Target
+74.21%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -18.58% | 838M | |
| +5.58% | 82.93B | |
| +3.69% | 76.85B | |
| -14.62% | 53.04B | |
| -24.56% | 46.55B | |
| +31.16% | 50.15B | |
| +17.75% | 41.41B | |
| +55.21% | 35.63B | |
| -10.24% | 24.64B | |
| -21.24% | 23.04B |
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