Financials Digiwin Software Co.,Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-07-11 pm EDT			5-day change	1st Jan Change
15.46 ^CNY	-1.90%		-2.28%	-27.45%

May. 24	Digiwin Software Co.,Ltd. Announces 2023 Final Profit Distribution on A Shares, Payable on 30 May 2024	CI
May. 20	Tranche Update on Digiwin Software Co.,Ltd.'s Equity Buyback Plan announced on February 22, 2024.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,938	7,198	6,346	4,063	5,696	4,142	-	-
Enterprise Value (EV) ¹	3,938	7,198	6,346	4,063	5,696	4,142	4,142	4,142
P/E ratio	39.3 x	60.6 x	57.1 x	30.7 x	38.7 x	23.2 x	18.9 x	14.4 x
Yield	-	-	-	0.65%	0.54%	0.84%	1.03%	-
Capitalization / Revenue	-	4.81 x	3.55 x	2.04 x	2.56 x	1.6 x	1.37 x	1.11 x
EV / Revenue	-	4.81 x	3.55 x	2.04 x	2.56 x	1.6 x	1.37 x	1.11 x
EV / EBITDA	-	31.5 x	29.1 x	16 x	20 x	12.5 x	10 x	7.71 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	4.77 x	3.83 x	2.22 x	2.78 x	1.86 x	1.7 x	1.51 x
Nbr of stocks (in thousands)	263,937	264,159	264,429	265,022	267,276	267,936	-	-
Reference price ²	14.92	27.25	24.00	15.33	21.31	15.46	15.46	15.46
Announcement Date	2/28/20	3/30/21	3/21/22	3/13/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	1,496	1,788	1,995	2,228	2,594	3,024	3,722
EBITDA ¹	-	228.2	217.9	253.7	285.4	331.4	412.5	537.2
EBIT ¹	-	166.4	160	196.9	228.4	269.8	327.8	430.9
Operating Margin	-	11.12%	8.95%	9.87%	10.25%	10.4%	10.84%	11.58%
Earnings before Tax (EBT) ¹	-	166.3	158.9	197.6	228.4	269.7	327.8	430.9
Net income ¹	100.1	121.4	112.2	133.6	150.3	180.3	219.7	289
Net margin	-	8.11%	6.27%	6.7%	6.74%	6.95%	7.27%	7.76%
EPS ²	0.3800	0.4500	0.4200	0.5000	0.5500	0.6667	0.8167	1.070
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	0.1000	0.1150	0.1300	0.1600	-
Announcement Date	2/28/20	3/30/21	3/21/22	3/13/23	4/26/24	-	-	-

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)	-	8.33%	7.03%	7.58%	7.66%	8.09%	9.02%	10.3%
ROA (Net income/ Total Assets)	-	5.28%	4.45%	4.82%	4.92%	5%	5.4%	6%
Assets ¹	-	2,299	2,522	2,774	3,056	3,606	4,068	4,817
Book Value Per Share ²	-	5.710	6.260	6.900	7.680	8.300	9.080	10.30
Cash Flow per Share ²	-	0.8500	1.200	0.7400	0.4000	1.310	0.8500	1.300
Capex ¹	-	6.91	60.7	42.3	247	85.4	120	33.3
Capex / Sales	-	0.46%	3.39%	2.12%	11.08%	3.29%	3.96%	0.89%
Announcement Date	2/28/20	3/30/21	3/21/22	3/13/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

15.46 CNY

Average target price

26.53 CNY

Spread / Average Target

+71.60%

	1st Jan change	Capi.
DIGIWIN SOFTWARE CO.,LTD.	-27.45%	571M
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ATLASSIAN CORPORATION	-23.72%	47.23B
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