Financials EmbedWay Technologies (Shanghai) Corporation

Equities

603496

CNE100002X26

Computer Hardware

End-of-day quote Shanghai S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
25.6 CNY +1.75% Intraday chart for EmbedWay Technologies (Shanghai) Corporation -1.42% -17.84%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,426 3,186 3,533 3,465 9,978 8,197 - -
Enterprise Value (EV) 1 4,426 3,186 3,533 3,465 9,978 8,197 8,197 8,197
P/E ratio 65.4 x 85.6 x 60.5 x 39.7 x 123 x 54.1 x 39.6 x 30.3 x
Yield - - - 0.46% 0.18% 0.43% 0.64% 0.74%
Capitalization / Revenue 10.2 x 5.98 x 5.21 x 4.5 x 12.9 x 7.72 x 5.34 x 5.02 x
EV / Revenue 10.2 x 5.98 x 5.21 x 4.5 x 12.9 x 7.72 x 5.34 x 5.02 x
EV / EBITDA 47.5 x - - - 107 x 53.2 x 37.1 x 29.7 x
EV / FCF - - - -115 x 404 x -59.4 x -95.3 x -
FCF Yield - - - -0.87% 0.25% -1.68% -1.05% -
Price to Book 5.52 x 3.9 x 3.01 x 2.74 x 7.37 x 5.52 x 4.99 x 4.32 x
Nbr of stocks (in thousands) 283,733 281,379 319,136 318,920 320,209 320,209 - -
Reference price 2 15.60 11.32 11.07 10.86 31.16 25.60 25.60 25.60
Announcement Date 3/26/20 1/31/21 4/27/22 2/21/23 4/18/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 434.1 533.1 678.2 770.5 771.4 1,061 1,536 1,634
EBITDA 1 93.13 - - - 93.08 154 221 276
EBIT 1 65.04 32.35 53.95 69.71 75.02 80 147 144.5
Operating Margin 14.98% 6.07% 7.95% 9.05% 9.73% 7.54% 9.57% 8.85%
Earnings before Tax (EBT) 1 64.78 31.99 53.75 74.9 77.27 69.5 140.3 139.5
Net income 1 67.34 36.66 53.44 76.22 78.78 150.5 206.5 271.7
Net margin 15.51% 6.88% 7.88% 9.89% 10.21% 14.18% 13.44% 16.63%
EPS 2 0.2387 0.1322 0.1831 0.2739 0.2525 0.4733 0.6467 0.8450
Free Cash Flow 1 - - - -30.11 24.69 -138 -86 -
FCF margin - - - -3.91% 3.2% -13% -5.6% -
FCF Conversion (EBITDA) - - - - 26.53% - - -
FCF Conversion (Net income) - - - - 31.34% - - -
Dividend per Share 2 - - - 0.0500 0.0550 0.1100 0.1650 0.1900
Announcement Date 3/26/20 1/31/21 4/27/22 2/21/23 4/18/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - -30.1 24.7 -138 -86 -
ROE (net income / shareholders' equity) 8.72% 4.53% 6.3% 6.29% 6.01% 10.2% 12.6% 14.3%
ROA (Net income/ Total Assets) 7.18% 3.44% 3.84% - - 6.1% 7.3% 8.15%
Assets 1 938.5 1,066 1,392 - - 2,467 2,828 3,334
Book Value Per Share 2 2.820 2.900 3.680 3.970 4.230 4.640 5.130 5.920
Cash Flow per Share 2 0.0600 -0.2800 -0.2100 - 0.2200 -0.2900 0.3800 0.2900
Capex 1 30.8 21.5 54.1 54.8 45.3 46.7 49.3 67.5
Capex / Sales 7.1% 4.03% 7.97% 7.12% 5.87% 4.4% 3.21% 4.13%
Announcement Date 3/26/20 1/31/21 4/27/22 2/21/23 4/18/24 - - -
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
OUTPERFORM
Number of Analysts
2
Last Close Price
25.6
Average target price
-
Consensus

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. 603496 Stock
  4. Financials EmbedWay Technologies (Shanghai) Corporation