ESPRESSIF SYSTEMS (SHANGHAI) CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 98.68 CNY | -0.36% |
|
+19.37% | +34.19% |
| 04-22 | Espressif Systems Co., Ltd. acquired an unknown majority stake in M5stack Inc. | CI |
| 04-18 | Espressif Systems Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,422 | 11,890 | 15,233 | 7,254 | 8,224 | 10,721 | - | - |
| Enterprise Value (EV) 1 | 13,422 | 11,890 | 14,875 | 6,913 | 7,769 | 10,233 | 10,272 | 10,223 |
| P/E ratio | 72.3 x | 114 x | 77.4 x | 74.3 x | 59.8 x | 58.2 x | 40.6 x | 32.1 x |
| Yield | - | - | 0.84% | - | 0.97% | 1.01% | 1.43% | 1.39% |
| Capitalization / Revenue | 17.7 x | - | 11 x | 5.71 x | 5.73 x | 6 x | 4.69 x | 3.9 x |
| EV / Revenue | 17.7 x | - | 10.7 x | 5.44 x | 5.41 x | 5.72 x | 4.5 x | 3.72 x |
| EV / EBITDA | - | - | 66.3 x | 65 x | 59.9 x | 56.4 x | 37.1 x | 30.4 x |
| EV / FCF | - | - | -33,870 x | - | 30.7 x | -162 x | -790 x | 148 x |
| FCF Yield | - | - | -0% | - | 3.26% | -0.62% | -0.13% | 0.67% |
| Price to Book | - | - | 8.36 x | 3.95 x | 4.28 x | 5.37 x | 4.94 x | 4.26 x |
| Nbr of stocks (in thousands) | 112,000 | 112,000 | 112,223 | 112,657 | 111,838 | 108,649 | - | - |
| Reference price 2 | 119.8 | 106.2 | 135.7 | 64.39 | 73.54 | 98.68 | 98.68 | 98.68 |
| Announcement Date | 20-02-28 | 21-02-25 | 22-02-24 | 23-02-24 | 24-01-10 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 757.4 | - | 1,386 | 1,271 | 1,436 | 1,788 | 2,284 | 2,747 |
| EBITDA 1 | - | - | 224.5 | 106.3 | 129.8 | 181.4 | 277 | 336.7 |
| EBIT 1 | 168.9 | - | 208.4 | 86.12 | 95.7 | 170.3 | 258 | 337.4 |
| Operating Margin | 22.3% | - | 15.03% | 6.78% | 6.67% | 9.53% | 11.29% | 12.28% |
| Earnings before Tax (EBT) 1 | 172.1 | - | 208.3 | 86.09 | 95.83 | 178.1 | 261.3 | 323.2 |
| Net income 1 | 158.5 | 104.1 | 198.4 | 97.32 | 128.1 | 191.8 | 275.1 | 348.2 |
| Net margin | 20.93% | - | 14.31% | 7.66% | 8.93% | 10.73% | 12.04% | 12.68% |
| EPS 2 | 1.657 | 0.9286 | 1.755 | 0.8662 | 1.230 | 1.697 | 2.433 | 3.075 |
| Free Cash Flow 1 | - | - | -0.4392 | - | 253.3 | -63 | -13 | 69 |
| FCF margin | - | - | -0.03% | - | 17.64% | -3.52% | -0.57% | 2.51% |
| FCF Conversion (EBITDA) | - | - | - | - | 195.15% | - | - | 20.49% |
| FCF Conversion (Net income) | - | - | - | - | 197.64% | - | - | 19.81% |
| Dividend per Share 2 | - | - | 1.143 | - | 0.7143 | 1.000 | 1.409 | 1.370 |
| Announcement Date | 20-02-28 | 21-02-25 | 22-02-24 | 23-02-24 | 24-01-10 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 288.9 | 324.9 | 335.5 | 321.8 | 318.1 | 348.9 | 360 | 406.1 | 387.2 | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 26.15 | 31.98 | 23.15 | 4.837 | 25.53 | 24.49 | 14.4 | 40.83 | 51.58 | - | - | - | - | - |
| Operating Margin | 9.05% | 9.84% | 6.9% | 1.5% | 8.03% | 7.02% | 4% | 10.06% | 13.32% | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | 13.47 | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | 4.19% | - | - | - | - | - | - | - | - | - | - |
| EPS 1 | 0.2482 | 0.3143 | 0.1786 | 0.1214 | 0.2774 | 0.2982 | 0.2012 | 0.4286 | 0.4892 | 0.3800 | 0.4500 | 0.4400 | 0.5100 | 0.5500 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 22-04-30 | 22-08-22 | 22-10-28 | 23-02-24 | 23-04-28 | 23-07-28 | 23-10-23 | 24-01-10 | 24-04-18 | - | - | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 359 | 341 | 455 | 488 | 450 | 499 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | -0.44 | - | 253 | -63 | -13 | 69 |
| ROE (net income / shareholders' equity) | 18.3% | - | 11.5% | 5.36% | 6.72% | 9.47% | 12.4% | 13.6% |
| ROA (Net income/ Total Assets) | - | - | 10% | 4.62% | 6.35% | 8.13% | 10.6% | - |
| Assets 1 | - | - | 1,979 | 2,106 | 2,018 | 2,359 | 2,600 | - |
| Book Value Per Share 2 | - | - | 16.20 | 16.30 | 17.20 | 18.40 | 20.00 | 23.10 |
| Cash Flow per Share 2 | - | - | 0.2800 | 0.6300 | 2.680 | -0.6900 | 2.220 | 2.990 |
| Capex 1 | 20.9 | - | 31.9 | 26.2 | 49.3 | 72.9 | 35.2 | 67.4 |
| Capex / Sales | 2.76% | - | 2.3% | 2.06% | 3.44% | 4.08% | 1.54% | 2.45% |
| Announcement Date | 20-02-28 | 21-02-25 | 22-02-24 | 23-02-24 | 24-01-10 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
98.68
CNY
Average target price
91.82
CNY
Spread / Average Target
-6.95%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +34.19% | 1.48B | |
| -2.72% | 8.89B | |
| +2.92% | 5.42B | |
| +18.65% | 3.89B | |
| +42.68% | 1.52B | |
| +38.84% | 1.41B | |
| +20.81% | 1.2B | |
| -13.68% | 921M | |
| -41.30% | 638M | |
| +36.93% | 457M |
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- Financials Espressif Systems (Shanghai) Co., Ltd.
