Financials Jiangsu Hoperun Software Co., Ltd.

Equities

300339

CNE100001JT4

Software

End-of-day quote Shenzhen S.E. Other stock markets 23:00:00 14/05/2024 BST			5-day change	1st Jan Change
22.21 ^CNY	+1.18%		+1.51%	-14.51%

04-24	Jiangsu Hoperun Software Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-24	Jiangsu Hoperun Software Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,635	17,759	14,483	20,262	17,322	-	-
Enterprise Value (EV) ¹	7,635	17,935	14,528	20,254	16,738	16,204	17,322
P/E ratio	46.6 x	99 x	143 x	124 x	58.4 x	37.6 x	31.3 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	-	6.44 x	4.87 x	6.52 x	4.48 x	3.24 x	3 x
EV / Revenue	-	6.5 x	4.88 x	6.52 x	4.33 x	3.03 x	3 x
EV / EBITDA	-	53.7 x	62.9 x	66.9 x	38.2 x	26.8 x	24.5 x
EV / FCF	-	790 x	-275 x	586 x	34.4 x	27.7 x	-
FCF Yield	-	0.13%	-0.36%	0.17%	2.91%	3.6%	-
Price to Book	-	5.93 x	4.62 x	6.13 x	4.83 x	4.26 x	3.8 x
Nbr of stocks (in thousands)	779,925	779,925	779,925	779,925	779,925	-	-
Reference price ²	9.790	22.77	18.57	25.98	22.21	22.21	22.21
Announcement Date	28/04/21	11/04/22	21/04/23	24/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	2,759	2,975	3,106	3,868	5,350	5,777
EBITDA ¹	-	333.9	230.9	302.8	438	605.5	708
EBIT ¹	-	179.6	102.7	154.7	309	484	578
Operating Margin	-	6.51%	3.45%	4.98%	7.99%	9.05%	10.01%
Earnings before Tax (EBT) ¹	-	189.2	110.4	164	309	489	578
Net income ¹	167.1	176.2	105.4	163.8	301	472	567
Net margin	-	6.39%	3.54%	5.27%	7.78%	8.82%	9.81%
EPS ²	0.2100	0.2300	0.1300	0.2100	0.3800	0.5905	0.7100
Free Cash Flow ¹	-	22.7	-52.87	34.54	487	584	-
FCF margin	-	0.82%	-1.78%	1.11%	12.59%	10.91%	-
FCF Conversion (EBITDA)	-	6.8%	-	11.41%	111.19%	96.45%	-
FCF Conversion (Net income)	-	12.88%	-	21.09%	161.79%	123.73%	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	28/04/21	11/04/22	21/04/23	24/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1
Net sales ¹	701.2
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income	-
Net margin	-
EPS	-
Dividend per Share	-
Announcement Date	22/04/22

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	176	44.6	-	-	-	-
Net Cash position ¹	-	-	-	8.83	584	1,118	-
Leverage (Debt/EBITDA)	-	0.5281 x	0.1931 x	-	-	-	-
Free Cash Flow ¹	-	22.7	-52.9	34.5	487	584	-
ROE (net income / shareholders' equity)	-	5.92%	3.36%	4.98%	8.2%	11.1%	12.2%
ROA (Net income/ Total Assets)	-	4.03%	-0.02%	-	5.5%	7.45%	8.1%
Assets ¹	-	4,369	-625,951	-	5,473	6,336	7,000
Book Value Per Share ²	-	3.840	4.020	4.240	4.600	5.210	5.850
Cash Flow per Share ²	-	-	-	0.1700	0.1500	0.1800	0.2800
Capex ¹	-	124	144	102	82	84.5	96
Capex / Sales	-	4.48%	4.83%	3.29%	2.12%	1.58%	1.66%
Announcement Date	28/04/21	11/04/22	21/04/23	24/04/24	-	-	-

¹CNY in Million²CNY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Jiangsu Hoperun Software Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

22.21 CNY

Average target price

25.9 CNY

Spread / Average Target

+16.61%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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