Financials Gohigh Networks Co.,Ltd

Equities

000851

CNE0000009Q9

Computer Hardware

End-of-day quote Shenzhen S.E. 06:00:00 2024-07-14 pm EDT 5-day change 1st Jan Change
1.67 CNY +5.03% Intraday chart for Gohigh Networks Co.,Ltd +3.09% -71.55%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,320 5,246 6,753 6,817 5,602 6,797
Enterprise Value (EV) 1 4,723 6,231 7,799 6,777 5,005 6,920
P/E ratio 127 x 227 x -53.9 x 415 x 248 x -4.27 x
Yield - 0.35% - - - -
Capitalization / Revenue 0.47 x 0.46 x 0.96 x 0.8 x 0.82 x 1.15 x
EV / Revenue 0.51 x 0.55 x 1.11 x 0.79 x 0.73 x 1.17 x
EV / EBITDA 24.8 x -69.9 x -92.1 x -118 x -70.8 x -5.51 x
EV / FCF -4.65 x -4.56 x 13.3 x -865 x 85 x -9.85 x
FCF Yield -21.5% -21.9% 7.51% -0.12% 1.18% -10.1%
Price to Book 1.3 x 1.58 x 2.13 x 1.52 x 1.26 x 2.34 x
Nbr of stocks (in thousands) 907,630 907,630 907,630 1,140,032 1,164,752 1,157,860
Reference price 2 4.760 5.780 7.440 5.980 4.810 5.870
Announcement Date 4/22/19 4/27/20 4/14/21 4/13/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 9,265 11,410 7,018 8,548 6,858 5,931
EBITDA 1 190.1 -89.17 -84.66 -57.21 -70.72 -1,257
EBIT 1 165.4 -112 -110.1 -96.17 -107.8 -1,296
Operating Margin 1.79% -0.98% -1.57% -1.13% -1.57% -21.84%
Earnings before Tax (EBT) 1 94.59 33.76 -135.9 40.45 57.56 -1,584
Net income 1 33.96 23.12 -121.6 15.36 22.34 -1,556
Net margin 0.37% 0.2% -1.73% 0.18% 0.33% -26.23%
EPS 2 0.0374 0.0255 -0.1380 0.0144 0.0194 -1.373
Free Cash Flow 1 -1,015 -1,366 585.4 -7.835 58.89 -702.3
FCF margin -10.95% -11.98% 8.34% -0.09% 0.86% -11.84%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - 263.62% -
Dividend per Share - 0.0200 - - - -
Announcement Date 4/22/19 4/27/20 4/14/21 4/13/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 2.059
Net margin -
EPS 2 0.001800
Dividend per Share -
Announcement Date 4/28/22
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 402 985 1,047 - - 123
Net Cash position 1 - - - 40.2 597 -
Leverage (Debt/EBITDA) 2.117 x -11.05 x -12.36 x - - -0.0982 x
Free Cash Flow 1 -1,015 -1,366 585 -7.84 58.9 -702
ROE (net income / shareholders' equity) 1.58% 0.52% -3.68% 0.81% 0.86% -36.4%
ROA (Net income/ Total Assets) 1.22% -0.77% -0.71% -0.61% -0.67% -8.65%
Assets 1 2,777 -2,983 17,083 -2,531 -3,349 17,981
Book Value Per Share 2 3.660 3.660 3.490 3.940 3.820 2.510
Cash Flow per Share 2 1.880 0.6200 1.210 1.580 1.710 0.8300
Capex 1 130 92.7 208 172 187 417
Capex / Sales 1.41% 0.81% 2.96% 2.01% 2.72% 7.02%
Announcement Date 4/22/19 4/27/20 4/14/21 4/13/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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