Financials Fujian Raynen Technology Co., Ltd.

Equities

603933

CNE100002QS9

Semiconductors

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
14.42 CNY -1.10% Intraday chart for Fujian Raynen Technology Co., Ltd. +5.64% -7.27%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,691 3,208 2,236 3,201 2,522 3,269
Enterprise Value (EV) 1 2,381 2,899 1,910 3,084 2,753 3,526
P/E ratio 23.7 x 106 x 88.8 x 35.7 x 45.3 x 54.7 x
Yield 1.6% 0.63% 0.45% 0.86% 0.75% 0.64%
Capitalization / Revenue 1.45 x 2.17 x 1.49 x 1.53 x 1.18 x 1.77 x
EV / Revenue 1.29 x 1.96 x 1.28 x 1.48 x 1.29 x 1.91 x
EV / EBITDA 17.7 x 112 x 109 x 31.3 x 33.7 x 43.2 x
EV / FCF -21.4 x 159 x 46.9 x -46.7 x -8.07 x 500 x
FCF Yield -4.67% 0.63% 2.13% -2.14% -12.4% 0.2%
Price to Book 2.56 x 3.09 x 2.17 x 2.81 x 2.03 x 2.55 x
Nbr of stocks (in thousands) 201,233 201,233 201,233 210,862 210,508 210,230
Reference price 2 13.37 15.94 11.11 15.18 11.98 15.55
Announcement Date 3/26/19 3/19/20 4/28/21 3/25/22 4/28/23 3/26/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,853 1,478 1,497 2,085 2,136 1,849
EBITDA 1 134.7 25.9 17.47 98.44 81.6 81.64
EBIT 1 127.7 16.1 7.509 83.39 63.91 62.62
Operating Margin 6.89% 1.09% 0.5% 4% 2.99% 3.39%
Earnings before Tax (EBT) 1 131.6 23.68 23.68 92.45 58.78 53.33
Net income 1 113.5 30.12 25.17 85.68 53.67 59.2
Net margin 6.13% 2.04% 1.68% 4.11% 2.51% 3.2%
EPS 2 0.5641 0.1497 0.1251 0.4256 0.2645 0.2841
Free Cash Flow 1 -111.2 18.2 40.76 -66.09 -341 7.05
FCF margin -6% 1.23% 2.72% -3.17% -15.97% 0.38%
FCF Conversion (EBITDA) - 70.28% 233.26% - - 8.64%
FCF Conversion (Net income) - 60.43% 161.93% - - 11.91%
Dividend per Share 2 0.2143 0.1000 0.0500 0.1300 0.0900 0.1000
Announcement Date 3/26/19 3/19/20 4/28/21 3/25/22 4/28/23 3/26/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - 231 257
Net Cash position 1 309 308 326 117 - -
Leverage (Debt/EBITDA) - - - - 2.836 x 3.15 x
Free Cash Flow 1 -111 18.2 40.8 -66.1 -341 7.05
ROE (net income / shareholders' equity) 11% 2.64% 2.29% 7.3% 4.67% 4.8%
ROA (Net income/ Total Assets) 5.52% 0.68% 0.33% 3.04% 1.96% 1.8%
Assets 1 2,057 4,403 7,735 2,820 2,740 3,292
Book Value Per Share 2 5.220 5.170 5.120 5.400 5.900 6.100
Cash Flow per Share 2 0.8000 0.5400 0.6300 0.8100 0.6300 0.7600
Capex 1 40 34.5 23.4 30.7 108 133
Capex / Sales 2.16% 2.33% 1.56% 1.47% 5.06% 7.19%
Announcement Date 3/26/19 3/19/20 4/28/21 3/25/22 4/28/23 3/26/24
1CNY in Million2CNY
Estimates
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