Financials Bestechnic (Shanghai) Co., Ltd.

Equities

688608

CNE100005XM1

Semiconductors

End-of-day quote Shanghai S.E. 06:00:00 2024-05-07 pm EDT 5-day change 1st Jan Change
125.8 CNY -2.21% Intraday chart for Bestechnic (Shanghai) Co., Ltd. +2.99% -18.47%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 39,720 36,600 13,680 18,454 15,027 - -
Enterprise Value (EV) 1 39,720 35,159 11,960 15,919 13,170 12,788 15,027
P/E ratio 150 x 89.9 x 112 x 151 x 51.8 x 33.4 x 26.2 x
Yield 0.05% 0.11% - 0.1% 0.18% 0.31% 0.58%
Capitalization / Revenue 37.4 x 20.7 x 9.21 x 8.48 x 5.35 x 4.21 x 3.42 x
EV / Revenue 37.4 x 19.9 x 8.06 x 7.31 x 4.69 x 3.58 x 3.42 x
EV / EBITDA - 80 x 66 x 72.4 x 43.5 x 26.4 x 25 x
EV / FCF - -193 x - - -67.5 x -178 x 209 x
FCF Yield - -0.52% - - -1.48% -0.56% 0.48%
Price to Book 7.23 x 6.2 x 2.29 x 3.04 x 2.36 x 2.22 x 2.06 x
Nbr of stocks (in thousands) 120,000 120,000 120,000 119,622 119,467 - -
Reference price 2 331.0 305.0 114.0 154.3 125.8 125.8 125.8
Announcement Date 2/21/21 2/22/22 2/27/23 2/20/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,061 1,765 1,485 2,176 2,810 3,573 4,398
EBITDA 1 - 439.5 181.1 219.7 302.7 483.6 601.9
EBIT 1 199.7 409.7 123.7 126.6 294.7 444.9 582.2
Operating Margin 18.82% 23.21% 8.33% 5.82% 10.49% 12.45% 13.24%
Earnings before Tax (EBT) 1 199.9 409.8 124.1 124.4 294.6 461.6 582.1
Net income 1 198.4 407.7 122.4 123.6 291.4 452.9 576
Net margin 18.7% 23.1% 8.24% 5.68% 10.37% 12.67% 13.1%
EPS 2 2.200 3.393 1.018 1.024 2.430 3.764 4.798
Free Cash Flow 1 - -182.3 - - -195 -72 72
FCF margin - -10.33% - - -6.94% -2.01% 1.64%
FCF Conversion (EBITDA) - - - - - - 11.96%
FCF Conversion (Net income) - - - - - - 12.5%
Dividend per Share 2 0.1680 0.3400 - 0.1600 0.2240 0.3840 0.7233
Announcement Date 2/21/21 2/22/22 2/27/23 2/20/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3
Net sales 1 - 287.2 400.2 482 315.4 797.4 383.6 526.5 653.9 612.2 653.2 709.4 829
EBITDA - - - - - - - - - - - - -
EBIT - 22.39 58.36 - -26.06 42.99 -0.7889 51.89 68.81 6.662 27.48 - -
Operating Margin - 7.8% 14.58% - -8.26% 5.39% -0.21% 9.86% 10.52% 1.09% 4.21% - -
Earnings before Tax (EBT) - - - - -26.04 43.01 - - - - - - -
Net income - - 58.59 - -27.74 41.33 - - - 5.851 - - -
Net margin - - 14.64% - -8.8% 5.18% - - - 0.96% - - -
EPS 2 0.9400 0.1873 0.4900 0.5745 -0.2300 0.3400 -0.006300 0.4160 0.5689 0.0400 0.2281 0.7600 0.9300
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/22/22 4/25/22 8/29/22 10/27/22 2/27/23 2/27/23 4/27/23 8/22/23 10/24/23 2/20/24 4/23/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - 1,441 1,720 2,535 1,857 2,239 -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - -182 - - -195 -72 72
ROE (net income / shareholders' equity) 31.5% 7.15% 2.06% 2.05% 4.59% 6.45% 7.86%
ROA (Net income/ Total Assets) 6.2% 6.73% 1.92% 1.91% 4.46% 5.98% 7.07%
Assets 1 3,198 6,061 6,386 6,481 6,534 7,573 8,147
Book Value Per Share 2 45.80 49.20 49.70 50.80 53.20 56.60 61.00
Cash Flow per Share 2 2.330 -0.3600 -3.000 3.910 1.340 2.170 2.970
Capex 1 25.7 139 147 194 46.2 95.1 118
Capex / Sales 2.42% 7.85% 9.93% 8.9% 1.65% 2.66% 2.68%
Announcement Date 2/21/21 2/22/22 2/27/23 2/20/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
125.8 CNY
Average target price
139.2 CNY
Spread / Average Target
+10.63%
Consensus
  1. Stock Market
  2. Equities
  3. 688608 Stock
  4. Financials Bestechnic (Shanghai) Co., Ltd.
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