Financials Beijing Sinnet Technology Co.,Ltd

Equities

300383

CNE100001S16

IT Services & Consulting

End-of-day quote Shenzhen S.E. 23:00:00 25/04/2024 BST 5-day change 1st Jan Change
9.26 CNY +4.51% Intraday chart for Beijing Sinnet Technology Co.,Ltd +5.83% -4.73%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 30,955 26,496 26,676 14,668 17,473 16,646 - -
Enterprise Value (EV) 1 32,084 27,687 28,046 16,492 18,406 18,124 17,937 17,627
P/E ratio 37.2 x 29.1 x 27.5 x -16.7 x 44.2 x 28.6 x 22.5 x 19.9 x
Yield 0.1% 0.15% 0.13% - 1.03% 1.4% 1.24% 1.71%
Capitalization / Revenue 4.36 x 3.54 x 3.46 x 2.04 x 2.22 x 1.88 x 1.71 x 1.59 x
EV / Revenue 4.52 x 3.7 x 3.64 x 2.29 x 2.34 x 2.05 x 1.84 x 1.68 x
EV / EBITDA 23.4 x 17.9 x 17.2 x -78.2 x 14.9 x 10.9 x 9.24 x 8.59 x
EV / FCF -369 x 83.9 x -27.7 x -70.2 x 46.2 x 566 x 32.4 x 29.9 x
FCF Yield -0.27% 1.19% -3.61% -1.43% 2.16% 0.18% 3.09% 3.35%
Price to Book 3.71 x 2.87 x 2.05 x 1.21 x 1.4 x 1.29 x 1.23 x 1.18 x
Nbr of stocks (in thousands) 1,542,365 1,543,140 1,797,593 1,797,593 1,797,593 1,797,593 - -
Reference price 2 20.07 17.17 14.84 8.160 9.720 9.260 9.260 9.260
Announcement Date 24/02/20 20/04/21 21/04/22 21/04/23 29/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,097 7,476 7,700 7,191 7,855 8,844 9,729 10,466
EBITDA 1 1,374 1,550 1,633 -211 1,238 1,668 1,942 2,053
EBIT 1 916.9 1,033 953.3 -1,031 491.5 711 874.9 1,051
Operating Margin 12.92% 13.81% 12.38% -14.33% 6.26% 8.04% 8.99% 10.04%
Earnings before Tax (EBT) 1 918.8 1,043 927.6 -996.8 487.2 687.6 850 948.2
Net income 1 824.6 912.9 836.2 -879.9 388 581.6 740.7 838.4
Net margin 11.62% 12.21% 10.86% -12.24% 4.94% 6.58% 7.61% 8.01%
EPS 2 0.5400 0.5900 0.5400 -0.4900 0.2200 0.3236 0.4115 0.4664
Free Cash Flow 1 -86.89 330 -1,013 -235 398.4 32 554 590
FCF margin -1.22% 4.41% -13.16% -3.27% 5.07% 0.36% 5.69% 5.64%
FCF Conversion (EBITDA) - 21.29% - - 32.18% 1.92% 28.53% 28.74%
FCF Conversion (Net income) - 36.14% - - 102.7% 5.5% 74.79% 70.37%
Dividend per Share 2 0.0200 0.0250 0.0200 - 0.1000 0.1300 0.1149 0.1582
Announcement Date 24/02/20 20/04/21 21/04/22 21/04/23 29/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 3,973 1,766 - 1,769 1,870 1,719 3,589 - 1,920 2,134 1,922 1,978 2,086 2,267 2,132 - -
EBITDA 1 - 336 - - - - - - - - - - 414.3 463.2 444 - -
EBIT - 182.6 - 114.4 84.55 -1,443 -1,358 - 146.3 118.5 24.46 198.1 - - - - -
Operating Margin - 10.34% - 6.47% 4.52% -83.92% -37.84% - 7.62% 5.55% 1.27% 10.01% - - - - -
Earnings before Tax (EBT) 1 - 155.3 - - - - -1,358 - - 117.8 23.42 198.4 176.7 197 251 - -
Net income 1 - 152.2 - - - - - - 79.37 101.3 33.7 164 166.2 182.1 221 - -
Net margin - 8.62% - - - - - - 4.13% 4.75% 1.75% 8.29% 7.97% 8.03% 10.37% - -
EPS 2 - 0.1000 0.1100 0.0800 0.0400 -0.7200 -0.6800 0.1000 0.0400 0.0600 0.0200 0.0900 0.0925 0.1013 0.1230 0.1200 0.1300
Dividend per Share 2 - 0.0200 - - - - - - - - - - - - 0.0524 - -
Announcement Date 27/08/20 21/04/22 21/04/22 26/08/22 25/10/22 21/04/23 21/04/23 21/04/23 25/08/23 23/10/23 29/03/24 24/04/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,128 1,191 1,370 1,823 934 1,478 1,291 981
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.8211 x 0.7687 x 0.8386 x -8.641 x 0.7542 x 0.8861 x 0.665 x 0.478 x
Free Cash Flow 1 -86.9 330 -1,013 -235 398 32 554 590
ROE (net income / shareholders' equity) 10.4% 10.4% 8.68% -7% 3.15% 4.62% 5.57% 6.18%
ROA (Net income/ Total Assets) 6.98% 7.08% 5.07% - - 3.17% 3.87% 4.57%
Assets 1 11,810 12,889 16,487 - - 18,371 19,133 18,346
Book Value Per Share 2 5.410 5.990 7.250 6.730 6.950 7.180 7.510 7.850
Cash Flow per Share 2 0.3900 0.9400 0.8000 0.8200 0.9000 0.7900 0.9000 0.6700
Capex 1 690 1,118 2,455 1,703 1,227 1,204 1,163 1,110
Capex / Sales 9.72% 14.96% 31.88% 23.69% 15.62% 13.61% 11.96% 10.61%
Announcement Date 24/02/20 20/04/21 21/04/22 21/04/23 29/03/24 - - -
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
OUTPERFORM
Number of Analysts
11
Last Close Price
9.26 CNY
Average target price
10.63 CNY
Spread / Average Target
+14.77%
Consensus
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