CHENGDU M&S ELECTRONICS TECHNOLOGY CO.,LTD.

Financials Chengdu M&S Electronics Technology Co.,Ltd.

Equities

688311

CNE100005X72

Aerospace & Defense

End-of-day quote Shanghai S.E. Other stock markets 18:00:00 2024-06-20 EDT			5-day change	1st Jan Change
22.24 ^CNY	-0.80%		-0.71%	-56.40%

04-27	Chengdu M&S Electronics Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
02-28	Chengdu M&S Electronics Technology Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Capitalization ¹	13,749	8,642	9,297	8,141	3,546	-
Enterprise Value (EV) ¹	13,749	8,642	9,297	8,141	3,546	3,546
P/E ratio	110 x	63.9 x	353 x	-128 x	12.8 x	9.11 x
Yield	-	0.48%	-	-	-	-
Capitalization / Revenue	32.5 x	18.2 x	19.4 x	24.3 x	4.05 x	3.04 x
EV / Revenue	32.5 x	18.2 x	19.4 x	24.3 x	4.05 x	3.04 x
EV / EBITDA	91.7 x	49 x	139 x	1,244 x	8.91 x	6.58 x
EV / FCF	-	-74,595,406 x	-	-	-	-
FCF Yield	-	-0%	-	-	-	-
Price to Book	8.36 x	4.99 x	5.39 x	4.85 x	1.73 x	1.5 x
Nbr of stocks (in thousands)	160,538	160,538	160,251	159,589	159,420	-
Reference price ²	85.64	53.83	58.01	51.01	22.24	22.24
Announcement Date	21-02-26	22-02-25	23-02-27	24-02-28	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net sales ¹	423.2	475.8	478.9	334.4	874.6	1,165
EBITDA ¹	149.9	176.3	67.04	6.542	398	539
EBIT ¹	124.5	154.8	20.13	-69.31	321	450
Operating Margin	29.41%	32.53%	4.2%	-20.73%	36.7%	38.62%
Earnings before Tax (EBT) ¹	125.4	154.8	22.75	-59.46	322	452
Net income ¹	107.1	134.4	25.99	-52.62	279.5	391.7
Net margin	25.29%	28.25%	5.43%	-15.74%	31.96%	33.61%
EPS ²	0.7786	0.8429	0.1643	-0.4000	1.740	2.440
Free Cash Flow	-	-115.8	-	-	-	-
FCF margin	-	-24.35%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share	-	0.2571	-	-	-	-
Announcement Date	21-02-26	22-02-25	23-02-27	24-02-28	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2024 Q1
Net sales ¹	14.26
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income	-
Net margin	-
EPS	-
Dividend per Share	-
Announcement Date	24-04-27

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-116	-	-	-	-
ROE (net income / shareholders' equity)	10.7%	7.78%	1.47%	-3.07%	13.5%	16.5%
ROA (Net income/ Total Assets)	-	6.01%	1.01%	-1.77%	7.5%	8.6%
Assets ¹	-	2,238	2,570	2,977	3,727	4,555
Book Value Per Share ²	10.20	10.80	10.80	10.50	12.90	14.80
Cash Flow per Share	0.4300	0.4900	0.2600	-0.5300	-	-
Capex ¹	-	194	297	123	17	17
Capex / Sales	-	40.78%	61.92%	36.78%	1.94%	1.46%
Announcement Date	21-02-26	22-02-25	23-02-27	24-02-28	-	-

¹CNY in Million²CNY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Chengdu M&S Electronics Technology Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

22.24 CNY

Average target price

60 CNY

Spread / Average Target

+169.78%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Satellite Design & Manufacture

	1st Jan change	Capi.
CHENGDU M&S ELECTRONICS TECHNOLOGY CO.,LTD.	-56.40%	488M
THALES	+17.54%	34.58B
HENSOLDT AG	+41.97%	4.27B
CHINA SPACESAT CO.,LTD.	-11.89%	3.7B
SHANGHAI HUACE NAVIGATION TECHNOLOGY LTD	-5.38%	2.21B
NARUIDA TECHNOLOGY CO., LTD.	+19.77%	1.42B
OHB SE	+3.77%	896M
PLANET LABS PBC	-19.84%	576M
INSTITUTE FOR Q-SHU PIONEERS OF SPACE, INC.	+84.15%	525M
DCX SYSTEMS LIMITED	+5.01%	478M

Satellite Design & Manufacture