Financials Shenzhen Changfang Group Co., Ltd.

Equities

300301

CNE100001CV5

Semiconductors

End-of-day quote Shenzhen S.E. 03:30:00 10/05/2024 am IST 5-day change 1st Jan Change
1.39 CNY -3.47% Intraday chart for Shenzhen Changfang Group Co., Ltd. -6.08% -16.77%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,876 2,971 3,635 2,939 1,462 1,319
Enterprise Value (EV) 1 3,413 3,687 4,218 3,204 1,832 1,454
P/E ratio -18.3 x -6.92 x -96 x -7.94 x -6.5 x -9.27 x
Yield - - - - - -
Capitalization / Revenue 1.83 x 1.84 x 2.79 x 1.84 x 2.01 x 2.43 x
EV / Revenue 2.17 x 2.28 x 3.24 x 2 x 2.51 x 2.67 x
EV / EBITDA 32.2 x -3,174 x 23.2 x 88.3 x -17.2 x -30.6 x
EV / FCF -261 x -96.4 x 87.5 x -17.6 x -24.1 x 10.6 x
FCF Yield -0.38% -1.04% 1.14% -5.68% -4.14% 9.42%
Price to Book 1.78 x 2.49 x 3.14 x 3.74 x 7.61 x 25.6 x
Nbr of stocks (in thousands) 7,90,109 7,90,109 7,90,109 7,90,109 7,90,109 7,90,109
Reference price 2 3.640 3.760 4.600 3.720 1.850 1.670
Announcement Date 15/04/19 27/04/20 26/04/21 29/04/22 28/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,574 1,617 1,303 1,599 728.4 543.9
EBITDA 1 106.1 -1.162 181.7 36.29 -106.2 -47.56
EBIT 1 -46.23 -135 59.34 -64.54 -185.5 -96.47
Operating Margin -2.94% -8.35% 4.55% -4.04% -25.47% -17.74%
Earnings before Tax (EBT) 1 -139.7 -474.5 -14.53 -270.1 -233.1 -139.5
Net income 1 -156.9 -429.5 -37.84 -370 -224.9 -142.3
Net margin -9.96% -26.56% -2.9% -23.14% -30.87% -26.16%
EPS 2 -0.1985 -0.5435 -0.0479 -0.4683 -0.2846 -0.1801
Free Cash Flow 1 -13.07 -38.25 48.2 -182.1 -75.93 137.1
FCF margin -0.83% -2.37% 3.7% -11.39% -10.42% 25.2%
FCF Conversion (EBITDA) - - 26.53% - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 15/04/19 27/04/20 26/04/21 29/04/22 28/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 -35.06
Net margin -
EPS 2 -0.0444
Dividend per Share -
Announcement Date 29/04/22
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 537 716 584 265 370 135
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.062 x -616.2 x 3.213 x 7.303 x -3.485 x -2.836 x
Free Cash Flow 1 -13.1 -38.3 48.2 -182 -75.9 137
ROE (net income / shareholders' equity) -5.29% -30.5% -3.22% -38.1% -73.7% -116%
ROA (Net income/ Total Assets) -0.79% -2.5% 1.24% -1.82% -9.92% -6.65%
Assets 1 19,817 17,191 -3,060 20,355 2,268 2,141
Book Value Per Share 2 2.050 1.510 1.460 1.000 0.2400 0.0700
Cash Flow per Share 2 0.4100 0.5000 0.3000 0.2700 0.1000 0.0400
Capex 1 105 65.4 64.6 59.1 16 3.77
Capex / Sales 6.65% 4.05% 4.96% 3.69% 2.2% 0.69%
Announcement Date 15/04/19 27/04/20 26/04/21 29/04/22 28/04/23 26/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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