Financials Thunder Software Technology Co.,Ltd.

Equities

300496

CNE1000021D0

Software

End-of-day quote Shenzhen S.E. 06:00:00 2024-07-03 pm EDT 5-day change 1st Jan Change
44 CNY -1.83% Intraday chart for Thunder Software Technology Co.,Ltd. -2.20% -45.04%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 18,170 49,509 58,836 45,881 36,820 20,205 - -
Enterprise Value (EV) 1 18,170 47,740 57,486 41,278 32,256 15,407 15,456 15,076
P/E ratio 76.5 x 110 x 92.1 x 57.1 x 78.8 x 30 x 22.2 x 19.7 x
Yield - 0.19% 0.22% 0.34% 0.31% 0.73% 1.02% 1.22%
Capitalization / Revenue 9.95 x 18.8 x 14.3 x 8.43 x 7.02 x 3.3 x 2.62 x 2.25 x
EV / Revenue 9.95 x 18.2 x 13.9 x 7.58 x 6.15 x 2.52 x 2.01 x 1.68 x
EV / EBITDA 53.5 x 83.8 x 75.4 x 43.2 x 45.1 x 19.8 x 13.5 x 11.3 x
EV / FCF - - -178 x -2,230 x 104 x -46.6 x 87.6 x 26.4 x
FCF Yield - - -0.56% -0.04% 0.96% -2.15% 1.14% 3.79%
Price to Book 9.48 x 11.4 x 11.3 x 5.06 x 3.85 x 2.02 x 1.84 x 1.75 x
Nbr of stocks (in thousands) 402,515 423,150 425,055 457,436 459,911 459,200 - -
Reference price 2 45.14 117.0 138.4 100.3 80.06 44.00 44.00 44.00
Announcement Date 2/26/20 2/26/21 3/3/22 2/27/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,827 2,628 4,127 5,445 5,242 6,119 7,707 8,990
EBITDA 1 339.5 570 762.2 954.6 715.5 776.6 1,143 1,331
EBIT 1 246.4 462 654.2 771.2 428 586.6 983 1,022
Operating Margin 13.49% 17.58% 15.85% 14.16% 8.16% 9.59% 12.75% 11.37%
Earnings before Tax (EBT) 1 245.7 462 642.3 764.5 423.8 593.5 915.3 1,023
Net income 1 237.6 443.5 647.3 768.8 466.2 654.4 929.6 1,037
Net margin 13.01% 16.88% 15.68% 14.12% 8.89% 10.69% 12.06% 11.53%
EPS 2 0.5897 1.067 1.502 1.756 1.016 1.468 1.984 2.232
Free Cash Flow 1 - - -322.5 -18.51 309.5 -330.5 176.4 572
FCF margin - - -7.81% -0.34% 5.9% -5.4% 2.29% 6.36%
FCF Conversion (EBITDA) - - - - 43.25% - 15.43% 42.96%
FCF Conversion (Net income) - - - - 66.38% - 18.97% 55.17%
Dividend per Share 2 - 0.2200 0.3050 0.3370 0.2490 0.3209 0.4467 0.5381
Announcement Date 2/26/20 2/26/21 3/3/22 2/27/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 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 1,694 1,455 1,153 1,324 2,477 1,377 1,591 1,166 1,319 1,392 1,366 1,178 1,348 1,671 1,850 1,320 1,692
EBITDA - - 155.8 224.2 - 224.6 - - - - - - - - - - -
EBIT - 191.1 162.3 219.1 381.4 248.4 141.4 175.1 177 118.7 -106.1 84.47 - - - - -
Operating Margin - 13.14% 14.08% 16.55% 15.4% 18.03% 8.89% 15.01% 13.42% 8.53% -7.77% 7.17% - - - - -
Earnings before Tax (EBT) 1 - - - 219.4 381.3 242.7 140.5 173.8 175 182.9 -107.8 83.88 110 194 203 - -
Net income 1 277.2 - 155.8 236.9 392.7 246.4 129.7 168.4 219.6 218 -139.8 90.76 112 174 203 - -
Net margin 16.36% - 13.52% 17.89% 15.85% 17.89% 8.15% 14.44% 16.65% 15.67% -10.24% 7.7% 8.31% 10.41% 10.97% - -
EPS 2 - 0.4500 0.3607 0.5500 0.9109 0.5800 0.2700 0.3645 0.4800 0.4756 -0.3000 0.1973 0.2922 0.4274 0.3830 0.1865 0.2231
Dividend per Share 2 - - - - - - 0.3370 - - - 0.2490 - 0.0668 0.0668 0.0668 0.0851 0.0851
Announcement Date 7/29/21 3/3/22 4/28/22 8/23/22 8/23/22 10/24/22 2/27/23 4/25/23 8/15/23 10/20/23 3/19/24 4/24/24 - - - - -
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 - 1,768 1,350 4,603 4,564 4,798 4,749 5,129
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - -322 -18.5 309 -331 176 572
ROE (net income / shareholders' equity) 13.9% 15% 13.6% 12.2% 5.03% 6.68% 8.63% 9.19%
ROA (Net income/ Total Assets) 8.75% 10.6% 10.1% 8.56% 4.2% 4.67% 7.74% 7.77%
Assets 1 2,716 4,193 6,398 8,980 11,090 14,003 12,007 13,343
Book Value Per Share 2 4.760 10.20 12.20 19.80 20.80 21.80 23.90 25.20
Cash Flow per Share 2 0.3500 0.8100 0.3200 1.090 1.640 1.260 1.690 1.680
Capex 1 87.6 406 462 515 445 495 502 506
Capex / Sales 4.79% 15.43% 11.18% 9.46% 8.49% 8.09% 6.51% 5.63%
Announcement Date 2/26/20 2/26/21 3/3/22 2/27/23 3/19/24 - - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
44 CNY
Average target price
60.76 CNY
Spread / Average Target
+38.09%
Consensus
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  4. Financials Thunder Software Technology Co.,Ltd.