STARPOWER SEMICONDUCTOR LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 79.36 CNY | +0.05% |
|
-2.92% | -38.62% |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 38,544 | 65,001 | 56,233 | 30,939 | 18,988 | - | - |
| Enterprise Value (EV) 1 | 38,468 | 62,134 | 54,032 | 30,075 | 17,616 | 17,347 | 17,118 |
| P/E ratio | 209 x | 154 x | 68.9 x | 34 x | 18.5 x | 14.7 x | 12.2 x |
| Yield | 0.14% | 0.18% | 0.44% | 0.88% | 1.51% | 1.65% | 2.12% |
| Capitalization / Revenue | 40 x | 38.1 x | 20.8 x | 8.45 x | 4.21 x | 3.3 x | 2.74 x |
| EV / Revenue | 39.9 x | 36.4 x | 20 x | 8.21 x | 3.91 x | 3.02 x | 2.47 x |
| EV / EBITDA | 162 x | 126 x | 54.7 x | 25.8 x | 13.5 x | 9.87 x | 7.99 x |
| EV / FCF | - | -3,194 x | -85.3 x | -16.5 x | 43.8 x | 47.8 x | 19.7 x |
| FCF Yield | - | -0.03% | -1.17% | -6.05% | 2.28% | 2.09% | 5.08% |
| Price to Book | 33.3 x | 13 x | 9.8 x | 4.81 x | 2.64 x | 2.3 x | 2.01 x |
| Nbr of stocks (in thousands) | 224,000 | 238,848 | 239,070 | 239,306 | 239,382 | - | - |
| Reference price 2 | 172.1 | 272.1 | 235.2 | 129.3 | 79.32 | 79.32 | 79.32 |
| Announcement Date | 4/8/21 | 3/11/22 | 4/7/23 | 4/7/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 779.4 | 963 | 1,707 | 2,705 | 3,663 | 4,510 | 5,753 | 6,918 |
| EBITDA 1 | 173.1 | 237.8 | 492.9 | 988.2 | 1,166 | 1,308 | 1,758 | 2,143 |
| EBIT 1 | 144.9 | 204.8 | 450.7 | 927.3 | 1,057 | 1,082 | 1,440 | 1,749 |
| Operating Margin | 18.58% | 21.26% | 26.41% | 34.28% | 28.85% | 23.99% | 25.03% | 25.28% |
| Earnings before Tax (EBT) 1 | 144.8 | 208.8 | 454 | 927.1 | 1,044 | 1,156 | 1,501 | 1,807 |
| Net income 1 | 135.3 | 180.7 | 398.4 | 817.6 | 910.5 | 996.7 | 1,304 | 1,567 |
| Net margin | 17.36% | 18.76% | 23.34% | 30.22% | 24.86% | 22.1% | 22.67% | 22.65% |
| EPS 2 | 0.8071 | 0.8214 | 1.764 | 3.414 | 3.807 | 4.277 | 5.414 | 6.494 |
| Free Cash Flow 1 | - | - | -19.45 | -633.5 | -1,820 | 402 | 362.6 | 869.5 |
| FCF margin | - | - | -1.14% | -23.42% | -49.69% | 8.91% | 6.3% | 12.57% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 30.74% | 20.63% | 40.57% |
| FCF Conversion (Net income) | - | - | - | - | - | 40.33% | 27.8% | 55.48% |
| Dividend per Share 2 | - | 0.2421 | 0.5007 | 1.026 | 1.141 | 1.196 | 1.309 | 1.678 |
| Announcement Date | 4/7/20 | 4/8/21 | 3/11/22 | 4/7/23 | 4/7/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 509.8 | 542.5 | 611.6 | 720.1 | 831.3 | 780.1 | 907.9 | 930.7 | 1,044 | 804.8 | 1,057 | 1,184 | 1,335 | 1,133 | 1,311 |
| EBITDA 1 | 164.8 | 175.6 | 194 | 232.5 | - | - | - | - | - | - | 297.6 | 331.9 | 380.7 | 321.2 | 384.7 |
| EBIT 1 | 145.8 | 179 | 230.6 | 269.5 | 248.2 | 242.6 | 229.3 | 243.6 | 306.7 | 197.2 | 255 | 289 | 303.2 | 282.2 | 322 |
| Operating Margin | 28.6% | 32.99% | 37.7% | 37.43% | 29.86% | 31.1% | 25.25% | 26.17% | 29.37% | 24.5% | 24.12% | 24.4% | 22.7% | 24.91% | 24.55% |
| Earnings before Tax (EBT) 1 | 144.3 | 179 | 230.6 | 269.6 | 248 | 242.7 | 247.4 | 260.2 | 293.7 | 197.2 | 273.5 | 303 | 324 | 317.5 | 354 |
| Net income 1 | 131.9 | 151.2 | 195.3 | 243.6 | 227.5 | 206.2 | 223.8 | 228.3 | 252.3 | 162.6 | 233.9 | 262.2 | 283.4 | 247.9 | 295.1 |
| Net margin | 25.86% | 27.88% | 31.93% | 33.83% | 27.36% | 26.43% | 24.65% | 24.53% | 24.16% | 20.2% | 22.13% | 22.14% | 21.22% | 21.88% | 22.5% |
| EPS 2 | 0.5786 | 0.6357 | 0.8143 | 1.014 | 0.9500 | 0.8643 | 0.9313 | 0.9536 | 1.057 | 0.6786 | 0.9137 | 1.038 | 1.114 | 0.8923 | 1.053 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | 1.141 | - | 0.5707 | - | 0.5540 | - | - |
| Announcement Date | 3/11/22 | 4/27/22 | 8/26/22 | 10/27/22 | 4/7/23 | 4/27/23 | 8/29/23 | 10/27/23 | 4/7/24 | 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 | - | 76.5 | 2,867 | 2,201 | 864 | 1,372 | 1,640 | 1,869 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | -19.5 | -634 | -1,820 | 402 | 363 | 870 |
| ROE (net income / shareholders' equity) | 27.2% | 17.3% | 24.7% | 15.3% | 15.1% | 14.1% | 16.1% | 17% |
| ROA (Net income/ Total Assets) | - | 15.8% | 11.5% | 12.9% | 11.7% | 10.8% | 13.2% | 13.6% |
| Assets 1 | - | 1,143 | 3,473 | 6,325 | 7,806 | 9,224 | 9,885 | 11,519 |
| Book Value Per Share 2 | 3.330 | 5.170 | 20.90 | 24.00 | 26.90 | 30.10 | 34.50 | 39.50 |
| Cash Flow per Share 2 | 0.5300 | -0.5600 | 1.490 | 2.800 | 1.600 | 3.340 | 4.240 | 5.490 |
| Capex 1 | 49.5 | 89.6 | 376 | 1,302 | 2,203 | 764 | 521 | 732 |
| Capex / Sales | 6.35% | 9.3% | 22.04% | 48.12% | 60.14% | 16.93% | 9.05% | 10.58% |
| Announcement Date | 4/7/20 | 4/8/21 | 3/11/22 | 4/7/23 | 4/7/24 | - | - | - |
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
D
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
79.32
CNY
Average target price
121.9
CNY
Spread / Average Target
+53.70%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -38.65% | 2.61B | |
| +165.30% | 3,229B | |
| +75.38% | 828B | |
| +55.28% | 807B | |
| +20.14% | 286B | |
| +43.21% | 231B | |
| +142.57% | 190B | |
| +17.42% | 182B | |
| +53.67% | 145B | |
| -31.16% | 147B |
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- Financials StarPower Semiconductor Ltd.
