Financials Shenzhen Jove Enterprise Limited

Equities

300814

CNE100004PY5

Semiconductors

End-of-day quote Shenzhen S.E. 03:30:00 17/05/2024 am IST 5-day change 1st Jan Change
28.73 CNY +3.35% Intraday chart for Shenzhen Jove Enterprise Limited +6.41% -14.75%

Valuation

Fiscal Period: December 2021 2022 2023
Capitalization 1 4,349 3,175 5,924
Enterprise Value (EV) 1 4,088 2,952 6,091
P/E ratio 37.5 x 32.8 x 225 x
Yield 0.65% 0.89% 0.34%
Capitalization / Revenue 3.02 x 2.07 x 4.77 x
EV / Revenue 2.84 x 1.92 x 4.91 x
EV / EBITDA 27.8 x 22.6 x 60.8 x
EV / FCF -33.5 x -106 x -15.1 x
FCF Yield -2.99% -0.94% -6.62%
Price to Book 4.12 x 2.81 x 5.41 x
Nbr of stocks (in thousands) 1,75,796 1,75,796 1,75,796
Reference price 2 24.74 18.06 33.70
Announcement Date 27/04/22 24/04/23 23/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 868.4 1,117 1,082 1,440 1,537 1,241
EBITDA 1 128.2 130.3 157.2 146.8 130.6 100.2
EBIT 1 92.33 92.58 115.3 106.5 74.51 34.12
Operating Margin 10.63% 8.29% 10.66% 7.39% 4.85% 2.75%
Earnings before Tax (EBT) 1 94.73 107.4 116.4 106.6 92.66 22.43
Net income 1 83.99 93.34 103 96.3 96.6 26.27
Net margin 9.67% 8.36% 9.52% 6.69% 6.29% 2.12%
EPS 2 1.530 1.290 0.7800 0.6600 0.5500 0.1500
Free Cash Flow 1 -3.952 -23.64 -91.91 -122.2 -27.75 -403.1
FCF margin -0.46% -2.12% -8.49% -8.48% -1.81% -32.48%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - 0.1600 0.1600 0.1130
Announcement Date 07/07/20 07/07/20 20/07/21 27/04/22 24/04/23 23/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - 167
Net Cash position 1 49.6 75 66.5 261 223 -
Leverage (Debt/EBITDA) - - - - - 1.668 x
Free Cash Flow 1 -3.95 -23.6 -91.9 -122 -27.7 -403
ROE (net income / shareholders' equity) 22.7% 19.8% 17.7% 11.4% 8.85% 2.28%
ROA (Net income/ Total Assets) 7.59% 6.4% 6.96% 4.65% 2.54% 1.04%
Assets 1 1,107 1,460 1,479 2,071 3,809 2,533
Book Value Per Share 2 7.480 4.010 4.790 6.000 6.420 6.230
Cash Flow per Share 2 1.210 0.9100 0.9100 1.330 1.510 1.010
Capex 1 47 70.6 92.5 165 199 214
Capex / Sales 5.42% 6.32% 8.55% 11.48% 12.92% 17.26%
Announcement Date 07/07/20 07/07/20 20/07/21 27/04/22 24/04/23 22/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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