NAURA TECHNOLOGY GROUP CO., LTD. Financials NAURA Technology Group Co., Ltd.
Equities
002371
CNE100000ML7
Semiconductor Equipment & Testing
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 293.4 CNY | -2.18% |
|
+2.21% | +19.39% |
| May. 15 | Behind the numbers: $142 billion in Chinese chip incentives |  |
| Apr. 30 | Naura Technology Group Co., Ltd. Proposes Final Dividend for 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 43,177 | 89,728 | 182,412 | 119,082 | 130,262 | 155,751 | - | - |
| Enterprise Value (EV) 1 | 42,534 | 87,717 | 173,355 | 112,656 | 123,708 | 145,794 | 143,490 | 137,314 |
| P/E ratio | 131 x | 165 x | 162 x | 50.6 x | 33.5 x | 28.4 x | 21.1 x | 16.7 x |
| Yield | 0.07% | 0.06% | 0.06% | 0.2% | 0.32% | 0.37% | 0.46% | 0.66% |
| Capitalization / Revenue | 10.6 x | 14.8 x | 18.8 x | 8.11 x | 5.9 x | 5.13 x | 4.07 x | 3.34 x |
| EV / Revenue | 10.5 x | 14.5 x | 17.9 x | 7.67 x | 5.6 x | 4.8 x | 3.75 x | 2.94 x |
| EV / EBITDA | 58.5 x | 84.9 x | 103 x | 33.3 x | 24.3 x | 21.6 x | 16.5 x | 12 x |
| EV / FCF | -38.3 x | 121 x | -142 x | -52.7 x | 321 x | 35.6 x | 37.6 x | 18.6 x |
| FCF Yield | -2.61% | 0.83% | -0.71% | -1.9% | 0.31% | 2.81% | 2.66% | 5.39% |
| Price to Book | 7.37 x | 13.2 x | 10.8 x | 6.03 x | 5.35 x | 5.38 x | 4.42 x | 3.46 x |
| Nbr of stocks (in thousands) | 490,647 | 496,446 | 525,654 | 528,550 | 530,144 | 530,941 | - | - |
| Reference price 2 | 88.00 | 180.7 | 347.0 | 225.3 | 245.7 | 293.4 | 293.4 | 293.4 |
| Announcement Date | 3/4/20 | 4/11/21 | 4/13/22 | 4/13/23 | 4/13/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,058 | 6,056 | 9,683 | 14,688 | 22,079 | 30,353 | 38,264 | 46,638 |
| EBITDA 1 | 727.2 | 1,033 | 1,682 | 3,387 | 5,081 | 6,738 | 8,692 | 11,414 |
| EBIT 1 | 420.6 | 669.2 | 1,236 | 2,867 | 4,448 | 6,212 | 8,197 | 10,676 |
| Operating Margin | 10.36% | 11.05% | 12.77% | 19.52% | 20.15% | 20.46% | 21.42% | 22.89% |
| Earnings before Tax (EBT) 1 | 439.3 | 684.2 | 1,253 | 2,854 | 4,466 | 6,399 | 8,598 | 10,898 |
| Net income 1 | 309 | 536.9 | 1,077 | 2,353 | 3,899 | 5,481 | 7,371 | 9,244 |
| Net margin | 7.61% | 8.87% | 11.13% | 16.02% | 17.66% | 18.06% | 19.26% | 19.82% |
| EPS 2 | 0.6708 | 1.094 | 2.147 | 4.448 | 7.336 | 10.34 | 13.88 | 17.53 |
| Free Cash Flow 1 | -1,112 | 726.3 | -1,224 | -2,136 | 385.3 | 4,092 | 3,814 | 7,401 |
| FCF margin | -27.39% | 11.99% | -12.64% | -14.54% | 1.75% | 13.48% | 9.97% | 15.87% |
| FCF Conversion (EBITDA) | - | 70.31% | - | - | 7.58% | 60.74% | 43.88% | 64.84% |
| FCF Conversion (Net income) | - | 135.26% | - | - | 9.88% | 74.67% | 51.74% | 80.06% |
| Dividend per Share 2 | 0.0630 | 0.1090 | 0.2050 | 0.4450 | 0.7800 | 1.071 | 1.354 | 1.923 |
| Announcement Date | 3/4/20 | 4/11/21 | 4/13/22 | 4/13/23 | 4/13/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,177 | 3,879 | 3,510 | 6,075 | 2,136 | 3,308 | 4,568 | 4,676 | 9,244 | 3,871 | 4,555 | 6,162 | 7,491 | 13,653 | 5,859 | 6,668 | 8,287 | 9,707 | 7,291 | 8,789 |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,654 | 1,681 | 1,987 | 1,812 | 2,176 |
| EBIT 1 | - | 418.4 | 357.3 | 791.8 | - | 741.7 | 1,121 | 714.4 | 1,836 | 729.1 | 1,415 | 1,222 | 1,082 | 2,304 | 1,334 | 1,627 | 1,857 | 1,670 | 1,512 | 2,264 |
| Operating Margin | - | 10.79% | 10.18% | 13.03% | - | 22.42% | 24.55% | 15.28% | 19.86% | 18.83% | 31.06% | 19.84% | 14.44% | 16.87% | 22.76% | 24.4% | 22.41% | 17.21% | 20.73% | 25.76% |
| Earnings before Tax (EBT) 1 | - | 426.1 | 362.4 | 803.3 | - | 745.5 | 1,125 | 692.1 | 1,817 | 731 | 1,418 | 1,224 | 1,092 | 2,316 | 1,336 | 1,662 | 1,814 | 1,642 | 1,771 | 2,412 |
| Net income 1 | 184.1 | 352.9 | 419.1 | 767.1 | - | 548.2 | 931.5 | 666.6 | 1,598 | 591.7 | 1,208 | 1,085 | 1,015 | 2,100 | 1,127 | 1,429 | 1,601 | 1,466 | 1,571 | 2,139 |
| Net margin | 8.46% | 9.1% | 11.94% | 12.63% | - | 16.57% | 20.39% | 14.26% | 17.29% | 15.28% | 26.51% | 17.61% | 13.55% | 15.38% | 19.23% | 21.42% | 19.32% | 15.11% | 21.55% | 24.34% |
| EPS 2 | - | 0.7200 | 0.8100 | 1.520 | 0.3926 | 1.040 | 1.760 | 1.260 | 3.020 | 1.118 | 2.280 | 2.030 | 1.910 | 3.940 | 2.124 | 2.433 | 2.568 | 2.861 | 2.615 | 3.594 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.639 | - | - |
| Announcement Date | 8/30/20 | 4/11/21 | 4/13/22 | 4/13/22 | 4/27/22 | 8/29/22 | 10/30/22 | 4/13/23 | 4/13/23 | 4/28/23 | 8/29/23 | 10/30/23 | 4/13/24 | 4/13/24 | 4/29/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 643 | 2,011 | 9,058 | 6,426 | 6,554 | 9,958 | 12,262 | 18,438 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -1,112 | 726 | -1,224 | -2,136 | 385 | 4,092 | 3,814 | 7,401 |
| ROE (net income / shareholders' equity) | 8.01% | 8.51% | 11.9% | 13% | 17.9% | 19.6% | 21% | 21.7% |
| ROA (Net income/ Total Assets) | 2.61% | 3.44% | 4.44% | 6.39% | - | 8.62% | 9.63% | 9.68% |
| Assets 1 | 11,858 | 15,627 | 24,286 | 36,803 | - | 63,593 | 76,579 | 95,499 |
| Book Value Per Share 2 | 11.90 | 13.70 | 32.10 | 37.40 | 46.00 | 54.50 | 66.30 | 84.80 |
| Cash Flow per Share 2 | -1.920 | 2.790 | -1.480 | -1.380 | 4.460 | 7.850 | 9.530 | 12.50 |
| Capex 1 | 170 | 659 | 447 | 1,408 | - | 2,636 | 2,648 | 4,761 |
| Capex / Sales | 4.2% | 10.88% | 4.61% | 9.59% | - | 8.69% | 6.92% | 10.21% |
| Announcement Date | 3/4/20 | 4/11/21 | 4/13/22 | 4/13/23 | 4/13/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
21
Last Close Price
293.4
CNY
Average target price
389.6
CNY
Spread / Average Target
+32.82%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +19.39% | 21.51B | |
| +75.79% | 42.38B | |
| +36.23% | 34.17B | |
| -19.14% | 27.22B | |
| +162.07% | 11.28B | |
| -1.06% | 11.28B | |
| -15.53% | 11.11B | |
| +40.29% | 6.39B | |
| -19.90% | 4.81B | |
| -27.29% | 4.57B |
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