Financials Ruijie Networks Co., Ltd.

Equities

301165

CNE100005WJ9

Integrated Telecommunications Services

End-of-day quote Shenzhen S.E. 23:00:00 23/05/2024 BST 5-day change 1st Jan Change
35.48 CNY -0.39% Intraday chart for Ruijie Networks Co., Ltd. +2.60% -6.36%

Valuation

Fiscal Period: December 2022 2023 2024 2025 2026
Capitalization 1 19,381 21,528 20,159 - -
Enterprise Value (EV) 1 19,381 21,528 20,159 20,159 20,159
P/E ratio 31.3 x 53.4 x 38 x 29.2 x 23 x
Yield 2.35% 1.48% 1.6% 2.07% 2.41%
Capitalization / Revenue 1.71 x 1.87 x 1.48 x 1.26 x 1.08 x
EV / Revenue 1.71 x 1.87 x 1.48 x 1.26 x 1.08 x
EV / EBITDA 37.8 x 80.3 x 37.8 x 27.4 x 23.6 x
EV / FCF -42 x 38.5 x 13.6 x 45.4 x 112 x
FCF Yield -2.38% 2.6% 7.33% 2.2% 0.89%
Price to Book 4.51 x 5.02 x 4.37 x 3.99 x 3.48 x
Nbr of stocks (in thousands) 568,182 568,182 568,182 - -
Reference price 2 34.11 37.89 35.48 35.48 35.48
Announcement Date 30/03/23 28/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 - 11,326 11,542 13,663 15,982 18,720
EBITDA 1 - 513.3 268.2 533.4 734.9 853.9
EBIT 1 - 417.6 141.2 423.6 540.4 724.5
Operating Margin - 3.69% 1.22% 3.1% 3.38% 3.87%
Earnings before Tax (EBT) 1 - 422.1 155.3 432.4 550.6 734.5
Net income 1 - 549.9 401.2 531.1 689.1 879.8
Net margin - 4.86% 3.48% 3.89% 4.31% 4.7%
EPS 2 0.9500 1.090 0.7100 0.9340 1.214 1.545
Free Cash Flow 1 - -461.4 559.8 1,478 444 180
FCF margin - -4.07% 4.85% 10.82% 2.78% 0.96%
FCF Conversion (EBITDA) - - 208.69% 277.07% 60.42% 21.08%
FCF Conversion (Net income) - - 139.53% 278.3% 64.43% 20.46%
Dividend per Share 2 - 0.8000 0.5600 0.5667 0.7333 0.8550
Announcement Date 02/06/22 30/03/23 28/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 S1 2023 Q3 2023 Q4 2023 S2
Net sales 1 - - 3,591 6,711
EBITDA - - - -
EBIT 1 - - 24.51 110.5
Operating Margin - - 0.68% 1.65%
Earnings before Tax (EBT) 1 - - 41.72 127.4
Net income 1 139.7 139 122.5 261.5
Net margin - - 3.41% 3.9%
EPS 0.2459 0.2447 - -
Dividend per Share - - - -
Announcement Date 24/08/23 26/10/23 28/03/24 28/03/24
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2022 2023 2024 2025 2026
Net Debt - - - - -
Net Cash position - - - - -
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow 1 -461 560 1,478 444 180
ROE (net income / shareholders' equity) 26.8% 9.44% 11.6% 14% 15.6%
ROA (Net income/ Total Assets) 8.08% 4.88% 5.88% 6.93% 8.23%
Assets 1 6,809 8,222 9,032 9,939 10,690
Book Value Per Share 2 7.560 7.540 8.120 8.890 10.20
Cash Flow per Share 2 -0.4300 1.530 1.590 1.200 2.190
Capex 1 216 309 175 179 205
Capex / Sales 1.9% 2.68% 1.28% 1.12% 1.09%
Announcement Date 30/03/23 28/03/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
35.48 CNY
Average target price
42.06 CNY
Spread / Average Target
+18.56%
Consensus

Quarterly revenue - Rate of surprise

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