Financials Shanghai Baosight Software Co.,Ltd.

Equities

600845

CNE000000C66

Software

End-of-day quote Shanghai S.E. 03:30:00 27/06/2024 am IST 5-day change 1st Jan Change
32.63 CNY -0.76% Intraday chart for Shanghai Baosight Software Co.,Ltd. -1.33% -19.76%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 31,684 67,083 80,806 76,744 96,917 79,028 - -
Enterprise Value (EV) 1 28,565 63,280 76,727 72,026 91,131 72,485 71,632 70,751
P/E ratio 42.7 x 60.9 x 49.9 x 40.4 x 45.9 x 29.8 x 23.8 x 19.1 x
Yield 1.22% 1.3% 1.64% 1.79% 2.05% 2.65% 3.25% 3.81%
Capitalization / Revenue 4.63 x 7.05 x 6.87 x 5.84 x 7.5 x 5.18 x 4.07 x 3.54 x
EV / Revenue 4.17 x 6.65 x 6.52 x 5.48 x 7.06 x 4.75 x 3.69 x 3.17 x
EV / EBITDA 24 x 32.9 x 31.4 x 25.2 x 27.5 x 19.6 x 16.5 x 13.9 x
EV / FCF - 55.8 x 65.2 x 32.2 x 40.8 x 24.6 x 27.6 x 15.7 x
FCF Yield - 1.79% 1.53% 3.1% 2.45% 4.06% 3.63% 6.36%
Price to Book 5.31 x 10.9 x 10.3 x 8.9 x 10.4 x 7.16 x 6.17 x 5.25 x
Nbr of stocks (in thousands) 27,75,216 28,11,887 28,45,717 28,45,711 28,84,071 28,84,410 - -
Reference price 2 13.52 28.34 32.49 31.11 40.67 32.63 32.63 32.63
Announcement Date 21/04/20 12/04/21 08/03/22 04/04/23 29/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,849 9,518 11,759 13,150 12,916 15,247 19,421 22,334
EBITDA 1 1,190 1,923 2,442 2,861 3,308 3,693 4,340 5,105
EBIT 1 1,004 1,481 2,004 2,390 2,818 3,348 4,146 5,097
Operating Margin 14.66% 15.56% 17.04% 18.18% 21.82% 21.96% 21.35% 22.82%
Earnings before Tax (EBT) 1 1,003 1,482 2,013 2,399 2,820 3,426 4,361 5,474
Net income 1 879.3 1,301 1,819 2,186 2,554 3,160 3,958 4,921
Net margin 12.84% 13.67% 15.47% 16.62% 19.77% 20.72% 20.38% 22.03%
EPS 2 0.3168 0.4652 0.6517 0.7694 0.8867 1.097 1.372 1.706
Free Cash Flow 1 - 1,133 1,177 2,233 2,232 2,943 2,598 4,497
FCF margin - 11.9% 10.01% 16.98% 17.28% 19.3% 13.38% 20.13%
FCF Conversion (EBITDA) - 58.93% 48.19% 78.06% 67.49% 79.69% 59.86% 88.09%
FCF Conversion (Net income) - 87.12% 64.68% 102.17% 87.42% 93.14% 65.64% 91.39%
Dividend per Share 2 0.1644 0.3698 0.5342 0.5556 0.8333 0.8634 1.061 1.244
Announcement Date 21/04/20 12/04/21 08/03/22 04/04/23 29/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 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
Net sales 1 - - 4,354 - 2,465 4,962 - 5,497 2,522 3,154 3,141 4,097 3,391 3,785 3,770 4,834
EBITDA - - - - - - - - - - - - - - - -
EBIT 1 - - - - 609.4 - - 676.8 573.6 771.5 737.4 735.2 655.7 850.6 843.1 829
Operating Margin - - - - 24.73% - - 12.31% 22.74% 24.46% 23.47% 17.94% 19.34% 22.47% 22.37% 17.15%
Earnings before Tax (EBT) - - - - - - - - - - - 738.2 - - - -
Net income 658.8 925.2 403.4 455 535.6 990.6 538.9 - - - - 682.5 - - - -
Net margin - - 9.26% - 21.73% 19.96% - - - - - 16.66% - - - -
EPS 2 - - - 0.1597 0.1410 - 0.1896 - 0.1743 0.2300 0.2467 0.2358 0.2042 0.3000 0.3100 0.2800
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 19/08/20 19/08/21 08/03/22 27/04/22 23/08/22 23/08/22 25/10/22 04/04/23 27/04/23 18/08/23 20/10/23 29/03/24 23/04/24 - - -
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 3,119 3,803 4,079 4,718 5,786 6,543 7,396 8,277
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 1,133 1,177 2,233 2,232 2,943 2,598 4,497
ROE (net income / shareholders' equity) 12.7% 19.2% 21.5% 23% 24.7% 24.7% 25.7% 27.1%
ROA (Net income/ Total Assets) 8.4% 10.7% 10.9% 11.7% 12.3% 13.8% 13.2% 12.4%
Assets 1 10,465 12,169 16,745 18,721 20,732 22,898 30,063 39,685
Book Value Per Share 2 2.550 2.600 3.170 3.490 3.920 4.560 5.290 6.220
Cash Flow per Share 2 0.3200 0.5200 0.6800 0.8900 0.9100 0.9400 1.260 1.390
Capex 1 604 333 752 288 376 420 395 394
Capex / Sales 8.82% 3.5% 6.39% 2.19% 2.91% 2.76% 2.03% 1.76%
Announcement Date 21/04/20 12/04/21 08/03/22 04/04/23 29/03/24 - - -
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
BUY
Number of Analysts
12
Last Close Price
32.63 CNY
Average target price
41.6 CNY
Spread / Average Target
+27.48%
Consensus
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