Financials Shenzhen MinDe Electronics Technology Ltd.

Equities

300656

CNE100002NX6

Computer Hardware

End-of-day quote Shenzhen S.E. 18:00:00 2024-07-03 EDT 5-day change 1st Jan Change
17.84 CNY -2.73% Intraday chart for Shenzhen MinDe Electronics Technology Ltd. -9.85% -27.27%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,859 2,051 3,100 6,367 4,853 4,235
Enterprise Value (EV) 1 1,689 1,853 3,090 6,446 4,963 4,474
P/E ratio 34.8 x 56.7 x 60.1 x 83.6 x 53.8 x 337 x
Yield 0.73% 0.48% 0.35% 0.19% 0.32% 0.12%
Capitalization / Revenue 6.77 x 6.72 x 7.69 x 11.7 x 9.36 x 10.6 x
EV / Revenue 6.15 x 6.07 x 7.66 x 11.8 x 9.58 x 11.2 x
EV / EBITDA 32.2 x 36.2 x 51.2 x 66.8 x 71.1 x 99.1 x
EV / FCF -13.3 x 10.5 x -52 x 162 x -15.6 x -73.4 x
FCF Yield -7.54% 9.56% -1.92% 0.62% -6.41% -1.36%
Price to Book 4.06 x 4.13 x 5.8 x 11.4 x 4.24 x 3.63 x
Nbr of stocks (in thousands) 158,123 158,123 158,123 158,123 172,635 172,635
Reference price 2 11.75 12.97 19.61 40.27 28.11 24.53
Announcement Date 19-04-24 20-04-24 21-04-27 22-03-30 23-04-24 24-04-19
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 274.6 305.4 403.2 546.3 518.2 399.5
EBITDA 1 52.46 51.12 60.4 96.46 69.85 45.15
EBIT 1 49.71 50.23 59.09 93.9 65.71 40.57
Operating Margin 18.1% 16.45% 14.65% 17.19% 12.68% 10.16%
Earnings before Tax (EBT) 1 64.06 43.02 64.72 92.81 104.4 18.33
Net income 1 53.44 36.17 51.6 76.13 89.71 12.56
Net margin 19.46% 11.84% 12.8% 13.94% 17.31% 3.14%
EPS 2 0.3380 0.2287 0.3264 0.4815 0.5227 0.0727
Free Cash Flow 1 -127.2 177.2 -59.38 39.9 -318.2 -60.93
FCF margin -46.34% 58.04% -14.73% 7.3% -61.4% -15.25%
FCF Conversion (EBITDA) - 346.71% - 41.36% - -
FCF Conversion (Net income) - 490.03% - 52.41% - -
Dividend per Share 2 0.0854 0.0626 0.0689 0.0758 0.0909 0.0300
Announcement Date 19-04-24 20-04-24 21-04-27 22-03-30 23-04-24 24-04-19
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 79.5 111 239
Net Cash position 1 170 198 10.8 - - -
Leverage (Debt/EBITDA) - - - 0.8243 x 1.583 x 5.29 x
Free Cash Flow 1 -127 177 -59.4 39.9 -318 -60.9
ROE (net income / shareholders' equity) 12.3% 7.7% 9.94% 13.9% 10.6% 1.25%
ROA (Net income/ Total Assets) 5.83% 4.95% 5.06% 7.15% 3.47% 1.54%
Assets 1 916.9 730.4 1,020 1,065 2,582 815.8
Book Value Per Share 2 2.890 3.140 3.380 3.520 6.640 6.750
Cash Flow per Share 2 0.2800 0.3400 0.4500 0.2200 0.8600 0.7900
Capex 1 32.4 3.94 16 14.2 365 150
Capex / Sales 11.81% 1.29% 3.96% 2.6% 70.51% 37.65%
Announcement Date 19-04-24 20-04-24 21-04-27 22-03-30 23-04-24 24-04-19
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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