Financials Beijing InHand Networks Technology Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-06-06 pm EDT			5-day change	1st Jan Change
29.56 ^CNY	-0.14%		-10.83%	-27.16%

Apr. 18	Beijing InHand Networks Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Feb. 25	Beijing InHand Networks Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,868	4,598	2,160	2,987	2,176	-	-
Enterprise Value (EV) ¹	2,868	4,598	2,160	2,987	2,176	2,176	2,176
P/E ratio	68.4 x	43.9 x	30.7 x	27.2 x	16.7 x	12 x	8.62 x
Yield	-	0.22%	0.34%	0.42%	0.76%	1.2%	1.84%
Capitalization / Revenue	-	10.2 x	5.58 x	6.05 x	3.37 x	2.55 x	1.91 x
EV / Revenue	-	10.2 x	5.58 x	6.05 x	3.37 x	2.55 x	1.91 x
EV / EBITDA	-	-	26.9 x	30.2 x	15.2 x	10.9 x	7.88 x
EV / FCF	-	141,025,690 x	40,531,706 x	-	-	-	-
FCF Yield	-	0%	0%	-	-	-	-
Price to Book	-	6.16 x	2.63 x	3.27 x	2.1 x	1.81 x	1.52 x
Nbr of stocks (in thousands)	73,400	73,400	73,602	73,602	73,602	-	-
Reference price ²	39.07	62.64	29.34	40.58	29.56	29.56	29.56
Announcement Date	2/26/21	2/24/22	2/27/23	2/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	449.5	387	493.3	646.1	854.1	1,139
EBITDA ¹	-	-	80.33	98.96	142.9	199.6	276.2
EBIT ¹	-	118.3	75.89	105.1	147.7	205.4	286.4
Operating Margin	-	26.32%	19.61%	21.31%	22.86%	24.05%	25.15%
Earnings before Tax (EBT) ¹	-	121.4	76.83	105.1	148	205.4	286.8
Net income ¹	40.34	104.9	70.35	93.95	130.3	180.9	252.5
Net margin	-	23.35%	18.18%	19.04%	20.16%	21.18%	22.17%
EPS ²	0.5714	1.429	0.9571	1.490	1.770	2.460	3.430
Free Cash Flow	-	32.6	53.28	-	-	-	-
FCF margin	-	7.25%	13.77%	-	-	-	-
FCF Conversion (EBITDA)	-	-	66.33%	-	-	-	-
FCF Conversion (Net income)	-	31.07%	75.74%	-	-	-	-
Dividend per Share ²	-	0.1400	0.1000	0.1700	0.2250	0.3550	0.5450
Announcement Date	2/26/21	2/24/22	2/27/23	2/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	32.6	53.3	-	-	-	-
ROE (net income / shareholders' equity)	-	15.1%	8.97%	10.9%	12.5%	15%	17.6%
ROA (Net income/ Total Assets)	-	-	7.96%	-	10.5%	12.6%	14.9%
Assets ¹	-	-	883.9	-	1,235	1,437	1,699
Book Value Per Share ²	-	10.20	11.20	12.40	14.10	16.30	19.50
Cash Flow per Share ²	-	-	0.7900	2.590	1.620	2.200	2.960
Capex ¹	-	5.93	4.58	8.18	12	14.5	8
Capex / Sales	-	1.32%	1.18%	1.66%	1.86%	1.7%	0.7%
Announcement Date	2/26/21	2/24/22	2/27/23	2/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

29.56 CNY

Average target price

52.96 CNY

Spread / Average Target

+79.16%

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