Financials Victory Giant Technology (HuiZhou)Co.,Ltd.

Equities

300476

CNE1000020V4

Semiconductors

End-of-day quote Shenzhen S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
29.68 CNY -2.94% Intraday chart for Victory Giant Technology (HuiZhou)Co.,Ltd. -2.78% +60.87%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,708 16,772 26,126 11,163 15,749 25,334 - -
Enterprise Value (EV) 1 12,708 16,772 28,012 11,163 15,749 25,334 25,334 25,334
P/E ratio 27.2 x 32.2 x 35.2 x 14.1 x 23.7 x 22.9 x 17.9 x 15.1 x
Yield 1.16% 0.88% 0.63% 1.47% 1.03% 1.38% 1.68% -
Capitalization / Revenue 3.27 x 3 x 3.52 x 1.42 x 1.99 x 2.23 x 1.87 x 1.62 x
EV / Revenue 3.27 x 3 x 3.52 x 1.42 x 1.99 x 2.23 x 1.87 x 1.62 x
EV / EBITDA - 18.1 x 22.1 x 7.41 x 11.4 x 11.6 x 10 x 9.02 x
EV / FCF -17,491,397 x - -35,736,346 x - 19,813,013 x - - -
FCF Yield -0% - -0% - 0% - - -
Price to Book 3.82 x 4.5 x 4.17 x 1.61 x 2.09 x 2.99 x 2.63 x 2.29 x
Nbr of stocks (in thousands) 779,150 777,561 863,657 862,689 853,580 853,580 - -
Reference price 2 16.31 21.57 30.25 12.94 18.45 29.68 29.68 29.68
Announcement Date 27/02/20 14/03/21 27/04/22 19/04/23 18/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,885 5,600 7,432 7,885 7,931 11,338 13,515 15,645
EBITDA 1 - 928.6 1,182 1,507 1,384 2,182 2,532 2,810
EBIT 1 521.1 595.3 739 906.2 758.9 1,265 1,621 1,920
Operating Margin 13.41% 10.63% 9.94% 11.49% 9.57% 11.16% 12% 12.27%
Earnings before Tax (EBT) 1 516.5 591.6 737.1 897.3 749.2 1,258 1,615 1,912
Net income 1 462.7 518.9 670.4 790.6 671.3 1,120 1,432 1,702
Net margin 11.91% 9.27% 9.02% 10.03% 8.46% 9.88% 10.59% 10.88%
EPS 2 0.6000 0.6700 0.8600 0.9200 0.7800 1.297 1.660 1.970
Free Cash Flow -726.5 - -731.1 - 794.9 - - -
FCF margin -18.7% - -9.84% - 10.02% - - -
FCF Conversion (EBITDA) - - - - 57.44% - - -
FCF Conversion (Net income) - - - - 118.4% - - -
Dividend per Share 2 0.1900 0.1900 0.1900 0.1900 0.1900 0.4100 0.5000 -
Announcement Date 27/02/20 14/03/21 27/04/22 19/04/23 18/04/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - 1,886 - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - 1.596 x - - - - -
Free Cash Flow -727 - -731 - 795 - - -
ROE (net income / shareholders' equity) 14% 14.8% 16.2% - 9.35% 13.1% 14.9% 15.3%
ROA (Net income/ Total Assets) - 6.22% 4.33% - - 5.9% 6.7% 7.3%
Assets 1 - 8,341 15,483 - - 18,983 21,366 23,311
Book Value Per Share 2 4.270 4.800 7.260 8.040 8.840 9.940 11.30 12.90
Cash Flow per Share 2 - 1.240 0.9200 1.440 1.480 1.960 2.390 2.870
Capex 1 1,464 2,096 1,524 - 485 500 787 -
Capex / Sales 37.7% 37.43% 20.5% - 6.11% 4.41% 5.82% -
Announcement Date 27/02/20 14/03/21 27/04/22 19/04/23 18/04/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
29.68 CNY
Average target price
33 CNY
Spread / Average Target
+11.19%
Consensus

Annual profits - Rate of surprise

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