Financials Shenzhen Kinwong Electronic Co., Ltd.

Equities

603228

CNE100002FZ7

Semiconductors

End-of-day quote Shanghai S.E. 23:00:00 28/04/2024 BST 5-day change 1st Jan Change
22.62 CNY +10.02% Intraday chart for Shenzhen Kinwong Electronic Co., Ltd. +18.80% +0.27%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 26,396 25,733 29,408 17,148 18,993 19,043 -
Enterprise Value (EV) 1 26,396 25,733 29,408 17,148 18,993 19,043 19,043
P/E ratio 31.1 x 27.4 x 31.1 x 15.9 x 20.3 x 13.3 x 11.2 x
Yield 0.68% 1% 0.87% - 2.22% 2.08% 2.45%
Capitalization / Revenue 4.17 x 3.64 x 3.09 x 1.63 x 1.77 x 1.44 x 1.24 x
EV / Revenue 4.17 x 3.64 x 3.09 x 1.63 x 1.77 x 1.44 x 1.24 x
EV / EBITDA - - 20,105,289 x - - - -
EV / FCF - - - - 28.4 x 103 x 25.8 x
FCF Yield - - - - 3.52% 0.97% 3.88%
Price to Book 4.87 x 4.12 x 4.22 x 2.21 x 2.29 x 1.9 x 1.68 x
Nbr of stocks (in thousands) 843,320 853,484 851,672 847,250 841,872 841,874 -
Reference price 2 31.30 30.15 34.53 20.24 22.56 22.62 22.62
Announcement Date 16/03/20 30/03/21 29/04/22 02/02/23 26/04/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 6,332 7,064 9,532 10,514 10,757 13,265 15,354
EBITDA - - 1,463 - - - -
EBIT 1 927 1,057 1,046 1,231 1,052 1,653 1,961
Operating Margin 14.64% 14.96% 10.98% 11.71% 9.78% 12.46% 12.77%
Earnings before Tax (EBT) 1 912 1,054 1,043 1,226 1,048 1,648 1,956
Net income 1 837.1 921 935.3 1,066 936.3 1,433 1,702
Net margin 13.22% 13.04% 9.81% 10.14% 8.7% 10.81% 11.08%
EPS 2 1.007 1.100 1.110 1.270 1.110 1.697 2.017
Free Cash Flow 1 - - - - 668.7 184 739
FCF margin - - - - 6.22% 1.39% 4.81%
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - 71.42% 12.84% 43.43%
Dividend per Share 2 0.2143 0.3000 0.3000 - 0.5000 0.4700 0.5550
Announcement Date 16/03/20 30/03/21 29/04/22 02/02/23 26/04/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - - - 669 184 739
ROE (net income / shareholders' equity) 17.2% 15.6% 13.6% 13.9% 11.1% 14.4% 15.1%
ROA (Net income/ Total Assets) - 8.8% - - - - -
Assets 1 - 10,462 - - - - -
Book Value Per Share 2 6.430 7.310 8.180 9.160 9.850 11.90 13.50
Cash Flow per Share 2 1.040 1.790 1.340 1.840 2.510 2.200 2.590
Capex 1 901 1,872 2,385 1,859 1,447 1,612 1,582
Capex / Sales 14.23% 26.5% 25.02% 17.68% 13.45% 12.15% 10.31%
Announcement Date 16/03/20 30/03/21 29/04/22 02/02/23 26/04/24 - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
20.56
Average target price
-
Consensus

Annual profits - Rate of surprise

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