Financials Suzhou Oriental Semiconductor Company Limited

Equities

688261

CNE100005XX8

Semiconductors

End-of-day quote Shanghai S.E. 06:00:00 2024-07-04 pm EDT 5-day change 1st Jan Change
37.97 CNY +5.33% Intraday chart for Suzhou Oriental Semiconductor Company Limited -3.93% -40.95%

Valuation

Fiscal Period: December 2022 2023 2024 2025
Capitalization 1 15,968 7,885 4,641 -
Enterprise Value (EV) 1 13,666 7,885 4,641 4,641
P/E ratio 55 x 56.5 x 19.2 x 17.5 x
Yield 0.62% 0.21% 0.53% 0.67%
Capitalization / Revenue 14.3 x 8.11 x 4.05 x 3.35 x
EV / Revenue 14.3 x 8.11 x 4.05 x 3.35 x
EV / EBITDA 48.4 x 50.5 x 30.1 x 25.6 x
EV / FCF 122 x -1,691 x 46 x 28.5 x
FCF Yield 0.82% -0.06% 2.18% 3.51%
Price to Book 5.63 x 2.76 x 1.46 x 1.35 x
Nbr of stocks (in thousands) 122,625 122,625 122,230 -
Reference price 2 130.2 64.30 37.97 37.97
Announcement Date 2/27/23 2/23/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 - 782.1 1,116 972.1 1,146 1,386
EBITDA 1 - 165.3 330.1 156.1 154.4 181
EBIT 1 - 168.8 326.9 150.3 249.7 302.9
Operating Margin - 21.58% 29.28% 15.46% 21.79% 21.86%
Earnings before Tax (EBT) 1 - 168.8 327.1 150.3 250.9 303.8
Net income 1 27.68 146.9 284.4 140.2 219.6 265.6
Net margin - 18.78% 25.47% 14.42% 19.16% 19.17%
EPS 2 0.3297 1.599 2.368 1.138 1.977 2.169
Free Cash Flow 1 - - 130.8 -4.663 101 163
FCF margin - - 11.71% -0.48% 8.81% 11.76%
FCF Conversion (EBITDA) - - 39.61% - 65.41% 90.08%
FCF Conversion (Net income) - - 45.98% - 45.99% 61.38%
Dividend per Share 2 - 0.1813 0.8110 0.1374 0.2000 0.2538
Announcement Date 6/17/21 2/24/22 2/27/23 2/23/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 S1 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2
Net sales 1 - 260.6 - 326.3 - - - 202.2 439.8
EBITDA - - - - - - - - -
EBIT - - - 95.21 - - - - -
Operating Margin - - - 29.18% - - - - -
Earnings before Tax (EBT) 1 - - - 95.44 - - - 6.333 -
Net income 1 47.74 69.04 116.8 84.32 71.13 29.01 31.51 8.545 -
Net margin - 26.49% - 25.84% - - - 4.23% -
EPS 2 0.4231 - 0.9945 0.6923 0.5824 0.2308 0.2615 0.0615 -
Dividend per Share - - - - - - - - -
Announcement Date 4/27/22 8/26/22 8/26/22 2/27/23 4/27/23 8/24/23 10/30/23 2/23/24 2/23/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt - - - - - -
Net Cash position - - 2,302 - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - - 131 -4.66 101 163
ROE (net income / shareholders' equity) - 29.8% 11.2% 4.93% 7.21% 7.9%
ROA (Net income/ Total Assets) - - 16% 4.72% - -
Assets 1 - - 1,778 2,969 - -
Book Value Per Share 2 - 6.150 23.10 23.30 26.10 28.10
Cash Flow per Share 2 - 1.420 1.160 0.5800 -0.6100 2.450
Capex 1 - 5.1 10.9 75.2 20 17
Capex / Sales - 0.65% 0.97% 7.74% 1.75% 1.23%
Announcement Date 6/17/21 2/24/22 2/27/23 2/23/24 - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
37.97 CNY
Average target price
48.24 CNY
Spread / Average Target
+27.04%
Consensus
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