Financials Maxscend Microelectronics Company Limited

Equities

300782

CNE100003QK4

Semiconductors

End-of-day quote Shenzhen S.E. 18:00:00 2024-04-25 EDT 5-day change 1st Jan Change
89.6 CNY +2.28% Intraday chart for Maxscend Microelectronics Company Limited +2.69% -36.45%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 41,037 102,697 109,008 61,009 47,830 47,830 -
Enterprise Value (EV) 1 40,560 101,222 106,349 59,736 75,268 45,646 43,568
P/E ratio 72.2 x 95.7 x 51 x 57.1 x 64.6 x 31.8 x 22.1 x
Yield 0.24% 0.18% 0.21% 0.15% 0.25% 0.35% 0.48%
Capitalization / Revenue 27.1 x 36.8 x 23.5 x 16.6 x 17.2 x 8.4 x 6.66 x
EV / Revenue 26.8 x 36.3 x 23 x 16.2 x 17.2 x 8.02 x 6.07 x
EV / EBITDA 69.6 x 81.1 x 46.8 x 50 x 28.8 x 22 x 15.8 x
EV / FCF - 119 x -62.2 x -77.7 x 58.2 x 63.3 x 21 x
FCF Yield - 0.84% -1.61% -1.29% 1.72% 1.58% 4.77%
Price to Book 24.1 x 38.6 x 14.3 x 7.03 x 7.64 x 4.28 x 3.71 x
Nbr of stocks (in thousands) 518,400 518,400 533,697 533,758 533,815 533,815 -
Reference price 2 79.16 198.1 204.2 114.3 89.60 89.60 89.60
Announcement Date 20-02-25 21-02-25 22-02-22 23-02-24 24-02-27 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 1,512 2,792 4,634 3,677 4,378 5,694 7,181
EBITDA 1 582.6 1,249 2,271 1,195 1,577 2,075 2,759
EBIT 1 562.6 1,218 2,221 1,096 1,189 1,747 2,323
Operating Margin 37.2% 43.63% 47.94% 29.82% 27.17% 30.68% 32.35%
Earnings before Tax (EBT) 1 562.7 1,217 2,415 1,089 1,185 1,768 2,359
Net income 1 497.2 1,073 2,135 1,069 1,165 1,506 2,155
Net margin 32.87% 38.42% 46.07% 29.07% 26.6% 26.45% 30.01%
EPS 2 1.096 2.069 4.009 2.003 2.182 2.820 4.055
Free Cash Flow 1 - 852 -1,709 -768.4 779.7 721 2,079
FCF margin - 30.51% -36.87% -20.9% 17.73% 12.66% 28.95%
FCF Conversion (EBITDA) - 68.23% - - 49.45% 34.74% 75.37%
FCF Conversion (Net income) - 79.42% - - 66.25% 47.87% 96.47%
Dividend per Share 2 0.1929 0.3472 0.4375 0.1700 0.2247 0.3108 0.4268
Announcement Date 20-02-25 21-02-25 22-02-22 23-02-24 24-02-27 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2019 S2 2021 Q2 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 515.2 997.2 1,176 1,124 1,150 2,274 1,330 904.8 2,235 781.6 661 711.7 953.6 1,409 1,305 2,713 1,283 1,321 1,520 1,740
EBITDA 1 - - 580.6 603.3 472.3 - 595.2 242 - 415 - - - - 436.8 - 327 374.3 555 576.2
EBIT 1 - 389 607 566.4 475.6 - 533.2 286.7 - 216.2 60.28 117.6 250.2 476.4 345.2 - 400.2 417.5 514.2 503.3
Operating Margin - 39.01% 51.6% 50.38% 41.35% - 40.09% 31.69% - 27.66% 9.12% 16.53% 26.24% 33.82% 26.46% - 31.19% 31.6% 33.83% 28.93%
Earnings before Tax (EBT) 1 - 388 607 561.2 674.3 - 533 286.5 - 215.8 53.95 115.4 247.1 476.2 346.8 823 313.9 372.5 499.4 548.7
Net income 1 - 344.3 522.1 512.7 607.7 - 459.4 292.7 - 232.8 84.26 116.5 250.1 452.4 346.8 - 304.7 351.7 462.2 506.6
Net margin - 34.53% 44.38% 45.6% 52.84% - 34.53% 32.35% - 29.79% 12.75% 16.37% 26.22% 32.12% 26.58% - 23.74% 26.62% 30.41% 29.12%
EPS 2 0.3931 0.7022 0.9784 0.9562 1.138 - 0.8606 0.0300 - 0.4400 0.1500 0.2182 0.4673 0.8400 0.6478 - 0.5698 0.6606 0.8647 0.9510
Dividend per Share 2 - - - - 0.4375 - - - - - 0.1700 - - - 0.0647 - - - 0.1489 0.2653
Announcement Date 19-08-29 20-02-25 21-08-23 21-10-21 22-02-22 22-02-22 22-04-27 22-08-28 22-08-28 22-10-27 23-02-24 23-04-27 23-08-28 23-10-27 24-02-27 24-02-27 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - -
Net Cash position 1 477 1,475 2,659 1,272 2,453 2,183 4,262
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 852 -1,709 -768 780 721 2,079
ROE (net income / shareholders' equity) 44.6% 49.4% 33.7% 13.1% 12.6% 14.6% 17.4%
ROA (Net income/ Total Assets) 40.3% 42.8% 37.1% 12% 11.9% 13.4% 15.7%
Assets 1 1,232 2,507 5,748 8,914 9,899 11,209 13,736
Book Value Per Share 2 3.290 5.130 14.30 16.30 18.50 20.90 24.20
Cash Flow per Share 2 0.1100 1.940 2.150 1.770 2.810 2.880 3.960
Capex 1 96.2 153 2,858 1,711 1,510 806 680
Capex / Sales 6.36% 5.49% 61.69% 46.52% 34.33% 14.16% 9.47%
Announcement Date 20-02-25 21-02-25 22-02-22 23-02-24 24-02-27 - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
21
Last Close Price
89.6 CNY
Average target price
151.2 CNY
Spread / Average Target
+68.78%
Consensus
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