Financials Neusoft Corporation

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-06-05 pm EDT			5-day change	1st Jan Change
7.62 ^CNY	-5.81%		-2.31%	-17.62%

May. 08	Neusoft Corporation and ACCESS Europe GmbH Sign Global MoU to Supply Global In-Vehicle Intelligent Mobility Solutions to Automotive OEMs	CI
May. 02	Neusoft Xikang's Loss Narrows in 2023 Despite Revenue Drop	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	13,931	12,518	16,306	12,012	11,054	9,108	-	-
Enterprise Value (EV) ¹	13,931	12,518	16,306	12,012	11,054	9,108	9,108	9,108
P/E ratio	378 x	94.6 x	14 x	-34.3 x	154 x	31.8 x	20.2 x	15.1 x
Yield	-	-	-	-	1.41%	-	0.33%	-
Capitalization / Revenue	1.67 x	1.64 x	1.87 x	1.27 x	1.05 x	0.76 x	0.63 x	0.52 x
EV / Revenue	1.67 x	1.64 x	1.87 x	1.27 x	1.05 x	0.76 x	0.63 x	0.52 x
EV / EBITDA	70.8 x	37.1 x	10.6 x	453 x	27.3 x	13.7 x	9.33 x	7.84 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.61 x	1.55 x	1.76 x	1.32 x	1.19 x	0.96 x	0.92 x	0.87 x
Nbr of stocks (in thousands)	1,227,388	1,202,536	1,202,536	1,207,254	1,194,981	1,195,250	-	-
Reference price ²	11.35	10.41	13.56	9.950	9.250	7.620	7.620	7.620
Announcement Date	4/29/20	4/28/21	4/28/22	4/16/23	4/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	8,366	7,622	8,735	9,466	10,544	12,032	14,409	17,543
EBITDA ¹	196.9	337.5	1,545	26.53	405.4	664.5	976	1,162
EBIT ¹	-114.8	-54.96	1,158	-325.1	91.42	329.8	536.7	727
Operating Margin	-1.37%	-0.72%	13.26%	-3.43%	0.87%	2.74%	3.72%	4.14%
Earnings before Tax (EBT) ¹	-108.9	20.17	1,156	-331.7	92.52	328.9	536.6	725.2
Net income ¹	37.18	131.2	1,173	-342.9	73.91	293.6	458.6	609.8
Net margin	0.44%	1.72%	13.43%	-3.62%	0.7%	2.44%	3.18%	3.48%
EPS ²	0.0300	0.1100	0.9700	-0.2900	0.0600	0.2400	0.3767	0.5033
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	0.1300	-	0.0250	-
Announcement Date	4/29/20	4/28/21	4/28/22	4/16/23	4/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	0.43%	1.57%	13.2%	-3.62%	0.79%	3.05%	4.5%	5.68%
ROA (Net income/ Total Assets)	0.27%	0.85%	6.76%	-1.84%	-	1.5%	2.03%	2.6%
Assets ¹	14,031	15,470	17,356	18,589	-	19,572	22,617	23,453
Book Value Per Share ²	7.040	6.730	7.710	7.550	7.800	7.960	8.320	8.730
Cash Flow per Share ²	0.3300	0.4500	0.6300	0.5500	0.6600	0.7300	0.8500	0.6500
Capex ¹	454	331	298	736	358	487	495	703
Capex / Sales	5.43%	4.35%	3.41%	7.77%	3.39%	4.05%	3.44%	4.01%
Announcement Date	4/29/20	4/28/21	4/28/22	4/16/23	4/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7.62 CNY

Average target price

11.47 CNY

Spread / Average Target

+50.56%

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