Financials Digiwin Software Co.,Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 23:00:00 25/04/2024 BST			5-day change	1st Jan Change
17.12 ^CNY	+2.58%		+6.93%	-19.66%

04-26	Digiwin Software Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-02	Tranche Update on Digiwin Software Co.,Ltd.'s Equity Buyback Plan announced on February 22, 2024.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,938	7,198	6,346	4,063	5,696	4,576	-	-
Enterprise Value (EV) ¹	3,938	7,198	6,346	4,063	5,696	4,576	4,576	4,576
P/E ratio	39.3 x	60.6 x	57.1 x	30.7 x	38.7 x	23.7 x	17.5 x	14.9 x
Yield	-	-	-	0.65%	0.54%	0.76%	-	-
Capitalization / Revenue	-	4.81 x	3.55 x	2.04 x	2.56 x	1.7 x	1.4 x	1.24 x
EV / Revenue	-	4.81 x	3.55 x	2.04 x	2.56 x	1.7 x	1.4 x	1.24 x
EV / EBITDA	-	31.5 x	29.1 x	16 x	20 x	13.6 x	9.75 x	8.52 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	4.77 x	3.83 x	2.22 x	2.78 x	2.09 x	1.84 x	1.64 x
Nbr of stocks (in thousands)	263,937	264,159	264,429	265,022	267,276	267,296	-	-
Reference price ²	14.92	27.25	24.00	15.33	21.31	17.12	17.12	17.12
Announcement Date	28/02/20	30/03/21	21/03/22	13/03/23	26/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	1,496	1,788	1,995	2,228	2,690	3,268	3,701
EBITDA ¹	-	228.2	217.9	253.7	285.4	336.5	469.2	537.2
EBIT ¹	-	166.4	160	196.9	228.4	281.7	374	472.9
Operating Margin	-	11.12%	8.95%	9.87%	10.25%	10.47%	11.44%	12.78%
Earnings before Tax (EBT) ¹	-	166.3	158.9	197.6	228.4	281.7	374	472.8
Net income ¹	100.1	121.4	112.2	133.6	150.3	195.5	263.2	311
Net margin	-	8.11%	6.27%	6.7%	6.74%	7.27%	8.05%	8.4%
EPS ²	0.3800	0.4500	0.4200	0.5000	0.5500	0.7220	0.9775	1.150
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	0.1000	0.1150	0.1300	-	-
Announcement Date	28/02/20	30/03/21	21/03/22	13/03/23	26/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	8.33%	7.03%	7.58%	7.66%	8.8%	10.3%	10.9%
ROA (Net income/ Total Assets)	-	5.28%	4.45%	4.82%	-	5.55%	6.3%	-
Assets ¹	-	2,299	2,522	2,774	-	3,523	4,178	-
Book Value Per Share ²	-	5.710	6.260	6.900	7.680	8.200	9.290	10.40
Cash Flow per Share ²	-	0.8500	1.200	0.7400	0.4000	1.050	1.490	1.600
Capex ¹	-	6.91	60.7	42.3	247	62.9	172	33.3
Capex / Sales	-	0.46%	3.39%	2.12%	11.08%	2.34%	5.27%	0.9%
Announcement Date	28/02/20	30/03/21	21/03/22	13/03/23	26/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

17.12 CNY

Average target price

26.63 CNY

Spread / Average Target

+55.53%

	1st Jan change	Capi.
DIGIWIN SOFTWARE CO.,LTD.	-19.66%	632M
MICROSOFT CORPORATION	+8.05%	3,020B
SYNOPSYS INC.	+5.58%	82.93B
CADENCE DESIGN SYSTEMS, INC.	+3.69%	76.85B
DASSAULT SYSTÈMES SE	-14.73%	53.04B
PALANTIR TECHNOLOGIES INC.	+31.16%	50.15B
ATLASSIAN CORPORATION	-24.56%	46.71B
THE TRADE DESK, INC.	+17.75%	41.41B
SEA LIMITED	+55.21%	36.1B
TAKE-TWO INTERACTIVE SOFTWARE, INC.	-10.24%	24.64B