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 41,876 - -
Change - -44.03% 23.37% -36.3% -9.09% -3.93% - -
Enterprise Value (EV) 1 1,06,349 59,736 74,269 49,075 45,257 40,459 40,682 37,801
Change - -43.83% 24.33% -33.92% -7.78% -10.6% 0.55% -7.08%
P/E 50.8x 57.1x 64.6x 119x -163x 232x 43.5x 63.2x
PBR 14.3x 7.03x 7.64x 4.7x 4.42x 3.81x 3.58x 3.51x
PEG - -1.1x 7.23x -1.8x 1x -1x 0x -2x
Capitalization / Revenue 23.5x 16.6x 17.2x 10.7x 11.7x 10x 7.3x 6.66x
EV / Revenue 22.9x 16.2x 17x 10.9x 12.1x 9.68x 7.09x 6.01x
EV / EBITDA 46.8x 50x 53.2x 51.6x 104x 54.2x 30x 25.6x
EV / EBIT 47.8x 54.5x 62.4x 135x -128x 201x 50.7x 41.4x
EV / FCF -62.2x -77.7x -641x -28.4x -66.7x 19.4x 50.9x 37.2x
FCF Yield -1.61% -1.29% -0.16% -3.52% -1.5% 5.15% 1.97% 2.69%
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% - 0.02% 0.26% -
EPS 2 4.017 2.003 2.182 0.7517 -0.5012 0.314 1.676 1.152
Distribution rate 10.9% 8.49% 10.3% 13.6% - 3.74% 11.3% -
Net sales 1 4,636 3,677 4,378 4,487 3,726 4,181 5,735 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 -353.5 201.4 802.3 914.1
Net income 1 2,139 1,069 1,165 401.8 -268 -95.23 759.7 587.8
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 72.83 72.83 72.83
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.($)
235.87x9.85x55.15x0.02% 628.91Cr
22.43x12.64x18.76x0.36% 5,13600Cr
22.58x11.03x14.99x1.13% 1,91900Cr
43.81x18.04x26.55x0.66% 1,88800Cr
13.19x8.02x9.69x0.06% 1,08400Cr
5.65x3.26x3.92x0.31% 90TCr
102.94x17.87x66.11x-.--% 90TCr
-268.96x9.07x26.81x-.--% 52TCr
234.64x49.97x105.99x-.--% 30TCr
6.46x3.33x4.03x1.29% 22TCr
Average 41.86x 14.31x 33.20x 0.38% 1,28700Cr
Weighted average by Cap. 22.42x 13.09x 22.99x 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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