Company Valuation: Maxscend Microelectronics Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,09,008 61,009 75,268 47,947 43,587 58,355 - -
Change - -44.03% 23.37% -36.3% -9.09% 33.88% - -
Enterprise Value (EV) 1 1,06,349 59,736 74,269 49,075 45,257 56,938 57,357 54,280
Change - -43.83% 24.33% -33.92% -7.78% 25.81% 0.74% -5.36%
P/E 50.8x 57.1x 64.6x 119x -163x 333x 61.9x 73.6x
PBR 14.3x 7.03x 7.64x 4.7x 4.42x 5.29x 4.93x 4.61x
PEG - -1.1x 7.23x -1.8x 1x -2x 0x -4.6x
Capitalization / Revenue 23.5x 16.6x 17.2x 10.7x 11.7x 13.9x 9.97x 8.91x
EV / Revenue 22.9x 16.2x 17x 10.9x 12.1x 13.5x 9.8x 8.29x
EV / EBITDA 46.8x 50x 53.2x 51.6x 104x 70.5x 36.2x 34.5x
EV / EBIT 47.8x 54.5x 62.4x 135x -128x 283x 69.5x 59.4x
EV / FCF -62.2x -77.7x -641x -28.4x -66.7x 27.3x 49x 53.5x
FCF Yield -1.61% -1.29% -0.16% -3.52% -1.5% 3.66% 2.04% 1.87%
Dividend per Share 2 0.4375 0.17 0.224 0.102 - 0.0293 0.1963 -
Rate of return 0.21% 0.15% 0.16% 0.11% - 0.03% 0.19% -
EPS 2 4.017 2.003 2.182 0.7517 -0.5012 0.314 1.687 1.42
Distribution rate 10.9% 8.49% 10.3% 13.6% - 9.34% 11.6% -
Net sales 1 4,636 3,677 4,378 4,487 3,726 4,208 5,850 6,551
EBITDA 1 2,271 1,195 1,397 951.9 433.7 807.2 1,586 1,574
EBIT 1 2,225 1,096 1,189 364.1 -353.5 201.4 825 914.1
Net income 1 2,139 1,069 1,165 401.8 -268 -66.76 777.5 685
Net Debt 1 -2,659 -1,272 -999.2 1,127 1,670 -1,417 -998.1 -4,075
Reference price 2 204.25 114.30 141.00 89.70 81.48 104.50 104.50 104.50
Nbr of stocks (in thousands) 5,33,697 5,33,758 5,33,815 5,34,529 5,34,943 5,74,987 - -
Announcement Date 22/02/22 24/02/23 27/02/24 21/02/25 06/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
332.77x13.94x72.68x0.03% 884.36Cr
20.98x11.78x17.47x0.38% 4,78500Cr
25.27x11.99x16.31x1% 2,03800Cr
40.71x16.8x24.73x0.71% 1,75700Cr
14.19x8.66x10.49x0.05% 1,16600Cr
8.08x4.71x5.7x0.22% 1,16900Cr
100.68x17.57x65.84x-.--% 88TCr
-366.43x11.09x33x-.--% 64TCr
278.6x59.66x126.31x-.--% 36TCr
9.13x4.76x5.82x1.08% 30TCr
Average 46.40x 16.10x 37.83x 0.35% 1,31000Cr
Weighted average by Cap. 16.05x 13.09x 23.37x 0.44%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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