Financials Rockchip Electronics Co., Ltd.

Equities

603893

CNE100003RK2

Semiconductors

End-of-day quote Shanghai S.E. 18:00:00 2024-04-25 EDT 5-day change 1st Jan Change
56.11 CNY +4.31% Intraday chart for Rockchip Electronics Co., Ltd. +6.27% -11.50%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 30,089 56,622 28,472 26,268 23,258 - -
Enterprise Value (EV) 1 30,089 56,622 27,786 26,268 23,258 23,258 23,258
P/E ratio 91.6 x 93.8 x 95.6 x 198 x 66.3 x 37.9 x 27.6 x
Yield - 0.62% 0.36% - 0.96% 1.94% -
Capitalization / Revenue 16.1 x 20.8 x 14 x 12.3 x 8.21 x 6.34 x 5.18 x
EV / Revenue 16.1 x 20.8 x 14 x 12.3 x 8.21 x 6.34 x 5.18 x
EV / EBITDA 69.3 x 74.3 x 66.6 x 100 x 67.6 x 43.6 x 29.9 x
EV / FCF - 660 x - 50.6 x -93.4 x -215 x -
FCF Yield - 0.15% - 1.98% -1.07% -0.46% -
Price to Book 12.9 x 20 x - - 6.88 x 6.17 x 4.84 x
Nbr of stocks (in thousands) 415,878 413,602 413,781 414,322 414,504 - -
Reference price 2 72.35 136.9 68.81 63.40 56.11 56.11 56.11
Announcement Date 21-04-07 22-01-26 23-04-09 24-04-11 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,408 1,863 2,719 2,030 2,135 2,832 3,670 4,489
EBITDA 1 213.7 434.1 762.5 427.6 262.7 344.1 533 778.5
EBIT 1 203.9 317.4 605.8 257.2 82.79 341 605.9 861.3
Operating Margin 14.49% 17.03% 22.28% 12.67% 3.88% 12.04% 16.51% 19.19%
Earnings before Tax (EBT) 1 207.9 317.6 606.7 255.8 82.21 341.5 606.9 861.8
Net income 1 204.7 320 601.8 297.4 134.9 353.2 619.4 848.6
Net margin 14.54% 17.17% 22.14% 14.65% 6.32% 12.47% 16.88% 18.9%
EPS 2 0.5500 0.7900 1.460 0.7200 0.3200 0.8467 1.482 2.030
Free Cash Flow 1 - - 85.73 - 519.3 -249 -108 -
FCF margin - - 3.15% - 24.33% -8.79% -2.94% -
FCF Conversion (EBITDA) - - 11.24% - 197.69% - - -
FCF Conversion (Net income) - - 14.25% - 384.98% - - -
Dividend per Share 2 - - 0.8500 0.2500 - 0.5367 1.090 -
Announcement Date 20-04-22 21-04-07 22-01-26 23-04-09 24-04-11 - - -
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
Net sales 1 542.9 698.9 328.4 459.4 329.4 523.3 601.9 680
EBITDA - - - - - - - -
EBIT 1 79.93 103.3 -17.74 4.199 -41.22 5.683 38.99 45.08
Operating Margin 14.72% 14.78% -5.4% 0.91% -12.52% 1.09% 6.48% 6.63%
Earnings before Tax (EBT) - - - - - - - -
Net income 1 - 188.1 - 21.44 - - - 57.57
Net margin - 26.92% - 4.67% - - - 8.47%
EPS - - - - -0.0400 0.1000 0.1300 -
Dividend per Share - - - - - - - -
Announcement Date 22-04-27 22-08-09 22-10-27 23-04-09 23-04-25 23-08-14 23-10-18 24-04-11
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - 686 - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 85.7 - 519 -249 -108 -
ROE (net income / shareholders' equity) 11.9% 15.3% 23.9% 10.4% 4.53% 10.6% 16.7% 18.4%
ROA (Net income/ Total Assets) - - 19.8% 8.81% - 11.2% 14.3% -
Assets 1 - - 3,042 3,374 - 3,154 4,331 -
Book Value Per Share 2 4.630 5.610 6.840 - - 8.160 9.090 11.60
Cash Flow per Share 2 1.150 1.380 0.7000 -1.510 - 1.160 1.290 1.500
Capex 1 - - 205 141 162 242 225 4
Capex / Sales - - 7.53% 6.96% 7.59% 8.53% 6.14% 0.09%
Announcement Date 20-04-22 21-04-07 22-01-26 23-04-09 24-04-11 - - -
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
D-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
56.11 CNY
Average target price
70.25 CNY
Spread / Average Target
+25.20%
Consensus
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