Financials Focuslight Technologies Inc

Equities

688167

CNE100005XV2

Office Equipment

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-09 pm EDT			5-day change	1st Jan Change
70.9 ^CNY	-6.04%		+0.34%	-37.81%

May. 09	Focuslight Technologies to Buy Ams-Osram's Micro-Nano Optics Assets for 50 Million Euros; Shares Up 3%	MT
May. 07	Ams Osram Sells Passive Optical Components Assets for EUR45 Million	MT

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	19,701	8,396	6,280	6,280	-
Enterprise Value (EV) ¹	17,986	7,483	8,664	5,383	5,303
P/E ratio	219 x	66.2 x	113 x	78.3 x	35.2 x
Yield	-	-	0.27%	0.39%	1.85%
Capitalization / Revenue	41.4 x	15.2 x	18.2 x	7.26 x	5.78 x
EV / Revenue	37.8 x	13.6 x	15.4 x	6.22 x	4.88 x
EV / EBITDA	162 x	44.8 x	68.1 x	46.4 x	26.1 x
EV / FCF	-580 x	-50.9 x	259 x	-68.6 x	196 x
FCF Yield	-0.17%	-1.96%	0.39%	-1.46%	0.51%
Price to Book	8.49 x	3.42 x	4.27 x	2.53 x	2.33 x
Nbr of stocks (in thousands)	89,960	89,960	88,572	88,572	-
Reference price ²	219.0	93.33	70.90	70.90	70.90
Announcement Date	2/25/22	2/26/23	2/26/24	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net sales ¹	-	475.8	551.9	561.2	864.9	1,086
EBITDA ¹	-	110.7	166.9	127.3	116	203.4
EBIT ¹	-	76.77	137.9	91.18	96.11	183.1
Operating Margin	-	16.13%	25%	16.25%	11.11%	16.87%
Earnings before Tax (EBT) ¹	-	76.67	146.7	96.11	88.52	205.6
Net income ¹	-	67.76	127.1	90.55	81.52	182
Net margin	-	14.24%	23.03%	16.14%	9.43%	16.76%
EPS ²	0.5400	1.000	1.410	1.010	0.9050	2.014
Free Cash Flow ¹	-	-31.02	-146.9	33.44	-78.5	27
FCF margin	-	-6.52%	-26.62%	5.96%	-9.08%	2.49%
FCF Conversion (EBITDA)	-	-	-	26.27%	-	13.27%
FCF Conversion (Net income)	-	-	-	36.94%	-	14.84%
Dividend per Share ²	-	-	-	0.3100	0.2800	1.310
Announcement Date	12/6/21	2/25/22	2/26/23	2/26/24	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1	2022 Q4	2023 S1	2023 Q3	2023 Q4	2023 S2
Net sales ¹	-	152.7	-	144.8	176.7	321.5
EBITDA	-	-	-	-	-	-
EBIT ¹	-	22.98	-	-	51.32	71.54
Operating Margin	-	15.05%	-	-	29.04%	22.25%
Earnings before Tax (EBT) ¹	-	22.6	-	-	52.52	72.76
Net income ¹	69.16	20.06	26.35	-	47.58	64.19
Net margin	-	13.14%	-	-	26.93%	19.97%
EPS ²	0.7700	-	0.2900	0.1800	0.5300	0.7200
Dividend per Share	-	-	-	-	-	-
Announcement Date	8/25/22	2/26/23	8/25/23	10/27/23	2/26/24	2/26/24

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-
Net Cash position ¹	1,716	913	1,553	897	977
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ¹	-31	-147	33.4	-78.5	27
ROE (net income / shareholders' equity)	9.67%	5.31%	3.72%	4.71%	6.64%
ROA (Net income/ Total Assets)	4.06%	4.87%	2.8%	3%	5.95%
Assets ¹	1,670	2,608	3,210	2,718	3,058
Book Value Per Share ²	25.80	27.30	26.70	28.10	30.40
Cash Flow per Share ²	-	0.1700	1.740	-1.510	1.920
Capex ¹	72.8	162	124	163	103
Capex / Sales	15.3%	29.32%	22.06%	18.88%	9.52%
Announcement Date	2/25/22	2/26/23	2/26/24	-	-

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

Ratings for Focuslight Technologies Inc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

70.9 CNY

Average target price

102.2 CNY

Spread / Average Target

+44.15%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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