Financials Beijing StarNeto Technology Co., Ltd.

Equities

002829

CNE100002K62

Aerospace & Defense

End-of-day quote Shenzhen S.E. 03:30:00 14/05/2024 am IST 5-day change 1st Jan Change
15.98 CNY -10.02% Intraday chart for Beijing StarNeto Technology Co., Ltd. -23.39% -40.90%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,884 3,417 6,777 6,099 5,376 5,619
Enterprise Value (EV) 1 2,918 3,527 6,640 6,019 5,405 5,183
P/E ratio 150 x 272 x 61.7 x 37.9 x 24.7 x 100 x
Yield - - 0.23% 0.38% 1.05% -
Capitalization / Revenue 7.17 x 9.78 x 10.1 x 7.94 x 5 x 7.29 x
EV / Revenue 7.25 x 10.1 x 9.9 x 7.84 x 5.03 x 6.72 x
EV / EBITDA 58.9 x 145 x 36.4 x 31 x 20.2 x 63.9 x
EV / FCF -16.7 x -24.2 x 40.6 x -428 x -51.4 x -68.4 x
FCF Yield -6% -4.13% 2.46% -0.23% -1.94% -1.46%
Price to Book 3.39 x 3.94 x 6.54 x 5.66 x 4.05 x 2.91 x
Nbr of stocks (in thousands) 1,92,269 1,88,551 1,88,346 1,85,623 1,87,574 2,07,809
Reference price 2 15.00 18.12 35.98 32.86 28.66 27.04
Announcement Date 23/04/19 15/04/20 22/04/21 29/03/22 19/04/23 25/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 402.3 349.5 670.5 768.1 1,074 770.9
EBITDA 1 49.5 24.26 182.3 194.3 267.1 81.14
EBIT 1 32.66 5.807 162.9 174.9 249 65.86
Operating Margin 8.12% 1.66% 24.3% 22.78% 23.18% 8.54%
Earnings before Tax (EBT) 1 43.09 16.07 152.4 193.3 265.1 60.39
Net income 1 18.51 12.02 110.1 161.1 215.5 53.98
Net margin 4.6% 3.44% 16.42% 20.97% 20.05% 7%
EPS 2 0.1000 0.0667 0.5833 0.8667 1.158 0.2700
Free Cash Flow 1 -175.1 -145.7 163.5 -14.05 -105.1 -75.77
FCF margin -43.53% -41.68% 24.38% -1.83% -9.78% -9.83%
FCF Conversion (EBITDA) - - 89.66% - - -
FCF Conversion (Net income) - - 148.47% - - -
Dividend per Share - - 0.0833 0.1250 0.3000 -
Announcement Date 23/04/19 15/04/20 22/04/21 29/03/22 19/04/23 25/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2
Net sales 1 - 126.8
EBITDA - -
EBIT 1 - 17.24
Operating Margin - 13.59%
Earnings before Tax (EBT) - -
Net income 21.14 -
Net margin - -
EPS 2 0.1167 0.1000
Dividend per Share - -
Announcement Date 25/04/23 17/08/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 33.7 109 - - 29.6 -
Net Cash position 1 - - 137 80.7 - 436
Leverage (Debt/EBITDA) 0.6812 x 4.497 x - - 0.1107 x -
Free Cash Flow 1 -175 -146 163 -14 -105 -75.8
ROE (net income / shareholders' equity) 4.66% 1.3% 13.1% 15.1% 17.9% 3.25%
ROA (Net income/ Total Assets) 1.24% 0.23% 6.33% 5.91% 7.24% 1.59%
Assets 1 1,498 5,168 1,740 2,725 2,978 3,391
Book Value Per Share 2 4.420 4.610 5.500 5.800 7.070 9.280
Cash Flow per Share 2 0.8500 0.4400 1.720 1.240 1.040 1.910
Capex 1 34 8.14 30.7 8.99 3.78 13.1
Capex / Sales 8.45% 2.33% 4.58% 1.17% 0.35% 1.7%
Announcement Date 23/04/19 15/04/20 22/04/21 29/03/22 19/04/23 25/04/24
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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