Financials Shenzhen Bsc Technology Co.,Ltd.

Equities

300951

CNE100004CG0

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 23:00:00 15/05/2024 BST 5-day change 1st Jan Change
39.88 CNY +0.25% Intraday chart for Shenzhen Bsc Technology Co.,Ltd. -3.53% -38.44%

Valuation

Fiscal Period: December 2021 2022 2023
Capitalization 1 7,196 5,744 7,817
Enterprise Value (EV) 1 5,920 4,621 6,572
P/E ratio 29.1 x 18.7 x 30.4 x
Yield 1.67% 2.62% 1.54%
Capitalization / Revenue 8.61 x 4.91 x 4.63 x
EV / Revenue 7.08 x 3.95 x 3.9 x
EV / EBITDA 22.9 x 14.5 x 24.5 x
EV / FCF 43.2 x -65.9 x 29 x
FCF Yield 2.32% -1.52% 3.45%
Price to Book 3.78 x 2.74 x 3.51 x
Nbr of stocks (in thousands) 120,000 120,672 120,672
Reference price 2 59.97 47.60 64.78
Announcement Date 22/04/22 19/04/23 21/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 392.3 505 686.4 835.9 1,170 1,687
EBITDA 1 112.4 133.7 203.5 258.7 318.4 268.1
EBIT 1 110.9 131 197.7 250.8 299.5 239.3
Operating Margin 28.26% 25.94% 28.8% 30% 25.6% 14.19%
Earnings before Tax (EBT) 1 110.1 134.3 201.1 283.1 353 293.6
Net income 1 91.89 114 164 236.7 305.7 255.8
Net margin 23.42% 22.57% 23.89% 28.32% 26.14% 15.16%
EPS - 1.267 1.820 2.060 2.550 2.130
Free Cash Flow 1 -26.22 34.6 -56.83 137.1 -70.1 226.8
FCF margin -6.68% 6.85% -8.28% 16.4% -5.99% 13.45%
FCF Conversion (EBITDA) - 25.87% - 52.98% - 84.59%
FCF Conversion (Net income) - 30.35% - 57.89% - 88.67%
Dividend per Share - 0.6667 0.8333 1.000 1.245 1.000
Announcement Date 24/04/20 24/04/20 08/04/21 22/04/22 19/04/23 21/04/24
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 9.53 - - -
Net Cash position 1 3.11 57.3 - 1,276 1,123 1,245
Leverage (Debt/EBITDA) - - 0.0468 x - - -
Free Cash Flow 1 -26.2 34.6 -56.8 137 -70.1 227
ROE (net income / shareholders' equity) 66.3% 50.1% 51.2% 21.2% 15.5% 11.6%
ROA (Net income/ Total Assets) 23.4% 20.3% 23.2% 11.1% 7.8% 5.15%
Assets 1 392.4 560.7 707.1 2,124 3,921 4,972
Book Value Per Share - 3.050 4.200 15.90 17.40 18.50
Cash Flow per Share - 0.0800 0.2300 6.450 5.760 7.570
Capex 1 15.7 27 19 77.1 167 149
Capex / Sales 4% 5.34% 2.77% 9.22% 14.27% 8.81%
Announcement Date 24/04/20 24/04/20 08/04/21 22/04/22 19/04/23 21/04/24
1CNY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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