Financials Leascend Technology Co., Ltd

Equities

300051

CNE100000LJ3

Communications & Networking

End-of-day quote Shenzhen S.E. 23:00:00 25/06/2024 BST 5-day change 1st Jan Change
7.65 CNY +3.38% Intraday chart for Leascend Technology Co., Ltd -4.26% -32.36%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,159 2,271 1,920 1,642 3,328 4,136
Enterprise Value (EV) 1 2,372 2,511 2,160 1,922 3,599 4,491
P/E ratio -5.12 x -8.87 x -20.2 x -64.1 x -101 x -103 x
Yield - - - - - -
Capitalization / Revenue 9.19 x 7.88 x 8.66 x 8.91 x 18.8 x 16.9 x
EV / Revenue 10.1 x 8.71 x 9.74 x 10.4 x 20.3 x 18.3 x
EV / EBITDA 65.7 x 87 x 413 x 196 x -1,902 x -186 x
EV / FCF -50.3 x -58 x -544 x -17.7 x 200 x 11.3 x
FCF Yield -1.99% -1.72% -0.18% -5.67% 0.5% 8.88%
Price to Book 4.18 x 7.25 x 7.84 x 7.29 x 17.4 x 12.7 x
Nbr of stocks (in thousands) 366,555 365,699 365,699 365,699 365,699 365,699
Reference price 2 5.890 6.210 5.250 4.490 9.100 11.31
Announcement Date 18/04/19 27/04/20 22/04/21 14/04/22 20/04/23 19/03/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 234.8 288.3 221.7 184.3 177.5 244.9
EBITDA 1 36.1 28.85 5.226 9.801 -1.892 -24.09
EBIT 1 16.48 10.54 -10.47 -5.028 -16.29 -40.26
Operating Margin 7.02% 3.66% -4.72% -2.73% -9.18% -16.44%
Earnings before Tax (EBT) 1 -438.6 -254.1 -95.87 -26.16 -30.71 -63.23
Net income 1 -420.8 -257.3 -93.78 -24.64 -32.21 -39.74
Net margin -179.22% -89.23% -42.3% -13.37% -18.15% -16.22%
EPS 2 -1.150 -0.7000 -0.2600 -0.0700 -0.0900 -0.1100
Free Cash Flow 1 -47.13 -43.28 -3.972 -108.9 18.03 398.6
FCF margin -20.07% -15.01% -1.79% -59.07% 10.16% 162.75%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 18/04/19 27/04/20 22/04/21 14/04/22 20/04/23 19/03/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 213 240 240 280 271 355
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.911 x 8.323 x 45.87 x 28.52 x -143.2 x -14.72 x
Free Cash Flow 1 -47.1 -43.3 -3.97 -109 18 399
ROE (net income / shareholders' equity) -56.2% -57% -35% -11.9% -16.5% -9.66%
ROA (Net income/ Total Assets) 0.81% 0.7% -0.87% -0.47% -1.65% -1.25%
Assets 1 -51,749 -36,957 10,809 5,290 1,952 3,190
Book Value Per Share 2 1.410 0.8600 0.6700 0.6200 0.5200 0.8900
Cash Flow per Share 2 0.4000 0.3600 0.3000 0.1900 0.1100 1.540
Capex 1 62.8 21.8 25.8 27.4 8.11 720
Capex / Sales 26.73% 7.56% 11.64% 14.85% 4.57% 293.8%
Announcement Date 18/04/19 27/04/20 22/04/21 14/04/22 20/04/23 19/03/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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