Financials Shenzhen Sinovatio Technology Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 23:00:00 23/06/2024 BST			5-day change	1st Jan Change
17.29 ^CNY	-4.26%		-4.32%	-38.23%

04-22	Shenzhen Sinovatio Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-10	Shenzhen Sinovatio Technology Co., Ltd. Approves Cash Dividend for 2023, Payable on 19 April 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	13,447	10,112	5,793	5,437	4,779	2,906	-
Enterprise Value (EV) ¹	13,447	10,112	5,793	5,437	4,779	2,906	2,906
P/E ratio	45.5 x	40.5 x	100 x	-44.6 x	41.8 x	22.4 x	15.8 x
Yield	0.52%	0.69%	-	-	-	-	-
Capitalization / Revenue	14.9 x	10.6 x	8.35 x	12.5 x	7.32 x	3.62 x	3.15 x
EV / Revenue	14.9 x	10.6 x	8.35 x	12.5 x	7.32 x	3.62 x	3.15 x
EV / EBITDA	40.8 x	35.1 x	101 x	-40.7 x	32.4 x	19 x	13.9 x
EV / FCF	-	-	-24,780,696 x	-	-	-	-
FCF Yield	-	-	-0%	-	-	-	-
Price to Book	8.85 x	5.76 x	3.45 x	3.49 x	2.86 x	1.61 x	1.46 x
Nbr of stocks (in thousands)	170,752	174,471	175,072	171,832	170,752	170,752	-
Reference price ²	78.75	57.96	33.09	31.64	27.99	17.02	17.02
Announcement Date	28/02/20	22/02/21	25/02/22	27/02/23	28/02/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	904.5	954.1	693.9	435.8	653.2	803	922
EBITDA ¹	329.2	287.9	57.61	-133.6	147.4	153	209
EBIT ¹	309.6	260.9	23.54	-168.3	113.8	144	204
Operating Margin	34.22%	27.35%	3.39%	-38.63%	17.42%	17.93%	22.13%
Earnings before Tax (EBT) ¹	310.2	262.2	24.46	-168.4	114.2	143	204
Net income ¹	295.1	247.8	56.27	-122.1	114.2	129	184
Net margin	32.63%	25.97%	8.11%	-28.01%	17.49%	16.06%	19.96%
EPS ²	1.731	1.430	0.3300	-0.7100	0.6700	0.7600	1.080
Free Cash Flow	-	-	-233.8	-	-	-	-
FCF margin	-	-	-33.69%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share	0.4062	0.4000	-	-	-	-	-
Announcement Date	28/02/20	22/02/21	25/02/22	27/02/23	28/02/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-234	-	-	-	-
ROE (net income / shareholders' equity)	21.1%	15.2%	3.28%	-7.54%	7.07%	7.4%	9.7%
ROA (Net income/ Total Assets)	13.9%	11.2%	2.52%	-5.91%	5.56%	5.8%	7.5%
Assets ¹	2,127	2,206	2,229	2,064	2,055	2,224	2,453
Book Value Per Share ²	8.900	10.10	9.600	9.070	9.790	10.60	11.60
Cash Flow per Share ²	1.550	1.290	-0.6300	-0.7100	0.5200	1.930	1.150
Capex ¹	70.4	26	121	13.7	16.9	22	21
Capex / Sales	7.79%	2.73%	17.47%	3.14%	2.59%	2.74%	2.28%
Announcement Date	28/02/20	22/02/21	25/02/22	27/02/23	28/02/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

17.02 CNY

Average target price

35 CNY

Spread / Average Target

+105.64%

	1st Jan change	Capi.
SHENZHEN SINOVATIO TECHNOLOGY CO., LTD.	-38.23%	400M
ACCENTURE PLC	-12.46%	192B
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IBM	+5.53%	159B
AUTOMATIC DATA PROCESSING, INC.	+6.62%	102B
CROWDSTRIKE HOLDINGS, INC.	+51.48%	94.12B
RELX PLC	+16.91%	85.34B
INFOSYS LIMITED	-0.01%	76.53B
HCL TECHNOLOGIES LIMITED	-1.68%	47B
SNOWFLAKE INC.	-37.58%	41.59B