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 45,395 - -
Change - -44.03% 23.37% -36.3% -9.09% 4.15% - -
Enterprise Value (EV) 1 1,06,349 59,736 74,269 49,075 45,257 43,978 44,200 41,320
Change - -43.83% 24.33% -33.92% -7.78% -2.83% 0.51% -6.52%
P/E 50.8x 57.1x 64.6x 119x -163x 251x 49.5x 68.5x
PBR 14.3x 7.03x 7.64x 4.7x 4.42x 4.13x 3.88x 3.8x
PEG - -1.1x 7.23x -1.8x 1x -2x 0x -2.5x
Capitalization / Revenue 23.5x 16.6x 17.2x 10.7x 11.7x 10.9x 8.19x 7.22x
EV / Revenue 22.9x 16.2x 17x 10.9x 12.1x 10.5x 7.98x 6.57x
EV / EBITDA 46.8x 50x 53.2x 51.6x 104x 58.9x 32.6x 28x
EV / EBIT 47.8x 54.5x 62.4x 135x -128x 218x 61.3x 45.2x
EV / FCF -62.2x -77.7x -641x -28.4x -66.7x 21.1x 55.3x 40.7x
FCF Yield -1.61% -1.29% -0.16% -3.52% -1.5% 4.74% 1.81% 2.46%
Dividend per Share 2 0.4375 0.17 0.224 0.102 - 0.0117 0.189 -
Rate of return 0.21% 0.15% 0.16% 0.11% - 0.01% 0.24% -
EPS 2 4.017 2.003 2.182 0.7517 -0.5012 0.314 1.594 1.152
Distribution rate 10.9% 8.49% 10.3% 13.6% - 3.74% 11.9% -
Net sales 1 4,636 3,677 4,378 4,487 3,726 4,181 5,540 6,289
EBITDA 1 2,271 1,195 1,397 951.9 433.7 746.6 1,354 1,475
EBIT 1 2,225 1,096 1,189 364.1 -353.5 201.4 721 914.1
Net income 1 2,139 1,069 1,165 401.8 -268 -95.23 710.7 587.8
Net Debt 1 -2,659 -1,272 -999.2 1,127 1,670 -1,417 -1,195 -4,075
Reference price 2 204.25 114.30 141.00 89.70 81.48 78.95 78.95 78.95
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
255.13x10.68x59.81x0.01% 683.13Cr
23.7x13.37x19.81x0.34% 5,42800Cr
46.2x18.9x27.82x0.63% 1,97900Cr
22.55x11.05x14.96x1.12% 1,94200Cr
12.55x7.6x9.19x0.06% 1,02900Cr
84.45x15.28x57.4x-.--% 79TCr
4.28x2.61x3.15x0.25% 77TCr
-43.87x8.78x24.5x-.--% 53TCr
215.45x47.31x96.37x-.--% 29TCr
32.54x11.8x21.88x2.08% 25TCr
Average 65.30x 14.74x 33.49x 0.45% 1,30200Cr
Weighted average by Cap. 30.41x 13.42x 22.71x 0.46%

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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