Financials Northking Information Technology Co., Ltd.

Equities

002987

CNE100003SV7

IT Services & Consulting

End-of-day quote Shenzhen S.E. 18:00:00 2024-04-25 EDT 5-day change 1st Jan Change
16.95 CNY +4.69% Intraday chart for Northking Information Technology Co., Ltd. +4.63% -8.77%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,670 7,067 8,373 8,110 7,480 - -
Enterprise Value (EV) 1 7,670 7,067 8,373 8,110 7,480 7,480 7,480
P/E ratio 25.5 x 30.5 x 30.2 x 23.5 x 18.2 x 16.3 x 13.2 x
Yield - - 0.38% - - - -
Capitalization / Revenue 3.35 x 2.31 x 2.28 x 1.91 x 1.57 x 1.32 x 1.14 x
EV / Revenue 3.35 x 2.31 x 2.28 x 1.91 x 1.57 x 1.32 x 1.14 x
EV / EBITDA 25,576,161 x 28,637,063 x 28,215,016 x - - - -
EV / FCF - - - -37 x 22.3 x 22.8 x 17.7 x
FCF Yield - - - -2.7% 4.48% 4.39% 5.66%
Price to Book 4.33 x 3.59 x 3.77 x 3.22 x 2.61 x 2.31 x 2.02 x
Nbr of stocks (in thousands) 440,858 440,858 440,858 436,477 441,278 - -
Reference price 2 17.40 16.03 18.99 18.58 16.95 16.95 16.95
Announcement Date 21-03-22 22-04-18 23-04-11 24-04-12 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,293 3,054 3,673 4,242 4,771 5,660 6,545
EBITDA 299.9 246.8 296.8 - - - -
EBIT 1 296 231.4 281.3 341.8 417 500 607
Operating Margin 12.91% 7.57% 7.66% 8.06% 8.74% 8.83% 9.27%
Earnings before Tax (EBT) 1 296.5 230.6 281 341.4 417 483 594
Net income 1 276.1 230.6 277 347.6 411 459.5 563
Net margin 12.04% 7.55% 7.54% 8.19% 8.61% 8.12% 8.6%
EPS 2 0.6815 0.5255 0.6286 0.7900 0.9300 1.040 1.280
Free Cash Flow 1 - - - -219.4 335 328 423
FCF margin - - - -5.17% 7.02% 5.8% 6.46%
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - 81.51% 71.38% 75.13%
Dividend per Share - - 0.0714 - - - -
Announcement Date 21-03-22 22-04-18 23-04-11 24-04-12 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q3 2023 Q4
Net sales 1 1,099 1,119
EBITDA - -
EBIT 1 - 99.38
Operating Margin - 8.88%
Earnings before Tax (EBT) - -
Net income 1 - 98.83
Net margin - 8.83%
EPS 0.2300 -
Dividend per Share - -
Announcement Date 23-10-24 24-04-12
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - - -219 335 328 423
ROE (net income / shareholders' equity) 20.5% 12.3% 13.2% 14.6% 14.3% 15.1% 15.9%
ROA (Net income/ Total Assets) 18.5% 10.2% - - - - -
Assets 1 1,490 2,254 - - - - -
Book Value Per Share 2 4.020 4.470 5.040 5.770 6.500 7.330 8.390
Cash Flow per Share 2 0.1300 -0.1100 0.3100 0.3000 0.4500 0.5700 0.7000
Capex 1 23.3 13.6 7.12 350 - 6 7
Capex / Sales 1.02% 0.44% 0.19% 8.26% - 0.11% 0.11%
Announcement Date 21-03-22 22-04-18 23-04-11 24-04-12 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
16.95 CNY
Average target price
20.18 CNY
Spread / Average Target
+19.06%
Consensus

Annual profits - Rate of surprise

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