Financials Highbroad Advanced Material (Hefei) Co., Ltd.

Equities

301321

CNE100003Z49

Semiconductors

End-of-day quote Shenzhen S.E. 18:00:00 2024-05-16 EDT 5-day change 1st Jan Change
13.43 CNY +8.31% Intraday chart for Highbroad Advanced Material (Hefei) Co., Ltd. +9.01% -29.54%

Valuation

Fiscal Period: December 2022 2023
Capitalization 1 2,324 3,553
Enterprise Value (EV) 1 2,570 4,497
P/E ratio -42.5 x 68.1 x
Yield 1.23% -
Capitalization / Revenue 1.05 x 1.64 x
EV / Revenue 1.16 x 2.08 x
EV / EBITDA 298 x 94.9 x
EV / FCF -7.14 x -4.59 x
FCF Yield -14% -21.8%
Price to Book 1.81 x 2.66 x
Nbr of stocks (in thousands) 186,435 186,435
Reference price 2 12.47 19.06
Announcement Date 23-04-27 24-04-25
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,751 2,380 2,466 2,905 2,207 2,163
EBITDA 1 178.9 229.4 249.9 198.6 8.632 47.4
EBIT 1 135.1 177 197 131.6 -73.08 -31.13
Operating Margin 4.91% 7.44% 7.99% 4.53% -3.31% -1.44%
Earnings before Tax (EBT) 1 96.77 146.7 185.4 148.9 -75.11 55.11
Net income 1 84.48 121.8 152.7 127.5 -54.35 52.95
Net margin 3.07% 5.12% 6.19% 4.39% -2.46% 2.45%
EPS 2 0.7944 1.146 0.8948 0.6841 -0.2933 0.2800
Free Cash Flow 1 67.36 -102.7 -125.2 -139.1 -359.7 -979.1
FCF margin 2.45% -4.32% -5.08% -4.79% -16.3% -45.27%
FCF Conversion (EBITDA) 37.65% - - - - -
FCF Conversion (Net income) 79.74% - - - - -
Dividend per Share - - 0.1858 0.1000 0.1533 -
Announcement Date 19-04-29 20-04-22 21-04-11 22-05-04 23-04-27 24-04-25
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 67.5 141 - - 246 944
Net Cash position 1 - - 273 160 - -
Leverage (Debt/EBITDA) 0.3775 x 0.6143 x - - 28.48 x 19.91 x
Free Cash Flow 1 67.4 -103 -125 -139 -360 -979
ROE (net income / shareholders' equity) 14.4% 18.7% 16.1% 10.5% -2.83% 3.72%
ROA (Net income/ Total Assets) 4.39% 5.2% 4.86% 2.54% -1.23% -0.46%
Assets 1 1,923 2,342 3,142 5,020 4,407 -11,621
Book Value Per Share 2 5.300 6.450 6.710 7.290 6.880 7.180
Cash Flow per Share 2 2.710 2.440 4.150 5.010 3.970 3.470
Capex 1 105 170 261 316 689 782
Capex / Sales 3.83% 7.13% 10.59% 10.88% 31.2% 36.15%
Announcement Date 19-04-29 20-04-22 21-04-11 22-05-04 23-04-27 24-04-25
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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