SMART SHARE GLOBAL LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.02 USD | +3.03% |
|
+25.93% | +103.59% |
| Mar. 28 | Transcript : Smart Share Global Limited, Q4 2023 Earnings Call, Mar 28, 2024 | |
| Mar. 28 | Smart Share Global Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,312 | 2,035 | 921.6 | 1,903 | - | - |
| Enterprise Value (EV) 1 | -253.6 | -900.7 | 921.6 | 1,903 | 1,903 | 1,903 |
| P/E ratio | -0.76 x | - | - | 38.8 x | 35.1 x | 32 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.64 x | 0.72 x | 0.31 x | 0.86 x | 0.81 x | 0.76 x |
| EV / Revenue | 0.64 x | 0.72 x | 0.31 x | 0.86 x | 0.81 x | 0.76 x |
| EV / EBITDA | 7.26 x | -11.9 x | - | 15.4 x | 11.9 x | 10.6 x |
| EV / FCF | -9.41 x | - | - | 24.4 x | 12.9 x | 17.5 x |
| FCF Yield | -10.6% | - | - | 4.1% | 7.72% | 5.73% |
| Price to Book | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 249,286 | 258,754 | 259,182 | 258,190 | - | - |
| Reference price 2 | 9.274 | 7.863 | 3.556 | 7.371 | 7.371 | 7.371 |
| Announcement Date | 3/11/22 | 4/21/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,809 | 3,585 | 2,838 | 2,959 | 2,204 | 2,355 | 2,509 |
| EBITDA 1 | - | 318.6 | -171.7 | - | 123.5 | 159.3 | 178.9 |
| EBIT 1 | - | -78.29 | -593 | 19.27 | 25.98 | 57.8 | 74.41 |
| Operating Margin | - | -2.18% | -20.89% | 0.65% | 1.18% | 2.45% | 2.97% |
| Earnings before Tax (EBT) 1 | - | -124.6 | - | - | 111 | 122 | 139 |
| Net income 1 | - | -124.6 | - | - | 97 | 107 | 121 |
| Net margin | - | -3.48% | - | - | 4.4% | 4.54% | 4.82% |
| EPS 2 | -0.5744 | -12.20 | - | - | 0.1900 | 0.2100 | 0.2300 |
| Free Cash Flow 1 | - | -245.6 | - | - | 78 | 147 | 109 |
| FCF margin | - | -6.85% | - | - | 3.54% | 6.24% | 4.34% |
| FCF Conversion (EBITDA) | - | - | - | - | 63.17% | 92.28% | 60.92% |
| FCF Conversion (Net income) | - | - | - | - | 80.41% | 137.38% | 90.08% |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 3/12/21 | 3/11/22 | 4/21/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,819 | 930 | 836.2 | 690.5 | 815 | 595.6 | 822.8 | 1,036 | 499 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 59.77 | -75.85 | -62.21 | -184 | -89.86 | -226.6 | -9.49 | 19.1 | -93 |
| Operating Margin | 3.29% | -8.16% | -7.44% | -26.65% | -11.03% | -38.04% | -1.15% | 1.84% | -18.64% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/23/21 | 11/30/21 | 3/11/22 | 9/8/22 | 12/20/22 | 4/21/23 | 6/20/23 | 8/21/23 | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | - | 2,565 | 2,935 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | -246 | - | - | 78 | 147 | 109 |
| ROE (net income / shareholders' equity) | - | -5.05% | -24.2% | 3.25% | 3.85% | 4.63% | 4.92% |
| ROA (Net income/ Total Assets) | - | -2.83% | - | - | 2.1% | 2.2% | 2.4% |
| Assets 1 | - | 4,398 | - | - | 4,619 | 4,864 | 5,042 |
| Book Value Per Share | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | - | 472 | - | - | 254 | 267 | 302 |
| Capex / Sales | - | 13.18% | - | - | 11.52% | 11.34% | 12.04% |
| Announcement Date | 3/12/21 | 3/11/22 | 4/21/23 | 3/28/24 | - | - | - |
1CNY in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
7.371
CNY
Average target price
8.068
CNY
Spread / Average Target
+9.45%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +103.59% | 263M | |
| +24.97% | 1.99B | |
| -17.25% | 1.09B | |
| +16.44% | 863M | |
| +51.58% | 762M | |
| -10.78% | 775M | |
| +46.50% | 684M | |
| -23.28% | 392M | |
| -16.17% | 272M | |
| -3.51% | 80.41M |
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