Financials Suzhou Keda Technology Co.,Ltd

Equities

603660

CNE100003019

Communications & Networking

End-of-day quote Shanghai S.E. 23:00:00 19/05/2024 BST 5-day change 1st Jan Change
6.25 CNY -1.88% Intraday chart for Suzhou Keda Technology Co.,Ltd +2.12% -28.90%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,003 5,542 3,645 3,355 2,532 4,357
Enterprise Value (EV) 1 5,429 5,256 3,357 3,445 2,903 4,421
P/E ratio 18.6 x 60.8 x 42.9 x 53.9 x -4.41 x -16.4 x
Yield 0.6% 0.36% 0.55% 0.58% - -
Capitalization / Revenue 2.45 x 2.18 x 1.55 x 1.28 x 1.61 x 2.4 x
EV / Revenue 2.21 x 2.06 x 1.43 x 1.32 x 1.84 x 2.43 x
EV / EBITDA 17 x 47.1 x 46.7 x 35.8 x -5.66 x -19.2 x
EV / FCF -49.9 x 22 x -25.7 x -11 x -20.9 x 27.2 x
FCF Yield -2.01% 4.54% -3.89% -9.07% -4.78% 3.67%
Price to Book 3.46 x 3.04 x 1.89 x 1.75 x 1.93 x 3.82 x
Nbr of stocks (in thousands) 504,129 503,806 499,278 486,907 486,915 495,624
Reference price 2 11.91 11.00 7.300 6.890 5.200 8.790
Announcement Date 19/03/19 22/04/20 22/03/21 15/04/22 28/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,454 2,547 2,354 2,613 1,577 1,816
EBITDA 1 318.8 111.6 71.81 96.17 -513.2 -230.3
EBIT 1 297.3 79.07 40.17 61.1 -551.5 -265.4
Operating Margin 12.12% 3.11% 1.71% 2.34% -34.98% -14.61%
Earnings before Tax (EBT) 1 329.7 69.92 71.41 61.86 -553.3 -261.3
Net income 1 322 91.11 84.99 63.14 -583.2 -264.5
Net margin 13.12% 3.58% 3.61% 2.42% -36.98% -14.56%
EPS 2 0.6397 0.1808 0.1700 0.1278 -1.180 -0.5351
Free Cash Flow 1 -108.9 238.5 -130.7 -312.6 -138.9 162.4
FCF margin -4.44% 9.36% -5.55% -11.96% -8.81% 8.94%
FCF Conversion (EBITDA) - 213.62% - - - -
FCF Conversion (Net income) - 261.72% - - - -
Dividend per Share 2 0.0714 0.0400 0.0400 0.0400 - -
Announcement Date 19/03/19 22/04/20 22/03/21 15/04/22 28/04/23 26/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 90.1 371 64.2
Net Cash position 1 574 286 288 - - -
Leverage (Debt/EBITDA) - - - 0.9371 x -0.7238 x -0.279 x
Free Cash Flow 1 -109 238 -131 -313 -139 162
ROE (net income / shareholders' equity) 20.4% 4.89% 4.51% 3.27% -36.2% -22%
ROA (Net income/ Total Assets) 8.21% 1.81% 0.78% 1.06% -9.8% -5.27%
Assets 1 3,924 5,035 10,840 5,983 5,950 5,016
Book Value Per Share 2 3.440 3.620 3.850 3.940 2.700 2.300
Cash Flow per Share 2 0.6400 0.6200 1.190 1.080 1.270 1.480
Capex 1 113 157 82.3 73.4 76.3 58.3
Capex / Sales 4.61% 6.16% 3.5% 2.81% 4.84% 3.21%
Announcement Date 19/03/19 22/04/20 22/03/21 15/04/22 28/04/23 26/04/24
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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