Financials Suzhou Oriental Semiconductor Company Limited

Equities

688261

CNE100005XX8

Semiconductors

End-of-day quote Shanghai S.E. 03:30:00 22/05/2024 am IST 5-day change 1st Jan Change
50.14 CNY +2.41% Intraday chart for Suzhou Oriental Semiconductor Company Limited +2.79% -40.02%

Valuation

Fiscal Period: December 2022 2023 2024 2025
Capitalization 1 15,968 7,885 4,718 -
Enterprise Value (EV) 1 13,666 7,885 4,718 4,718
P/E ratio 55 x 56.5 x 20 x 17.8 x
Yield 0.62% 0.21% 2.01% -
Capitalization / Revenue 14.3 x 8.11 x 3.88 x 3.02 x
EV / Revenue 14.3 x 8.11 x 3.88 x 3.02 x
EV / EBITDA 48.4 x 50.5 x 21.9 x 26.1 x
EV / FCF 122 x - 46.7 x 28.9 x
FCF Yield 0.82% - 2.14% 3.45%
Price to Book 5.63 x 2.76 x 1.49 x 1.37 x
Nbr of stocks (in thousands) 94,327 94,327 94,095 -
Reference price 2 169.3 83.59 50.14 50.14
Announcement Date 27/02/23 23/02/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 - 782.1 1,116 972.1 1,217 1,563
EBITDA 1 - 165.3 330.1 156.1 215.7 181
EBIT 1 - 168.8 326.9 150.3 269.5 302.9
Operating Margin - 21.58% 29.28% 15.46% 22.14% 19.39%
Earnings before Tax (EBT) 1 - 168.8 327.1 150.3 270.6 303.8
Net income 1 27.68 146.9 284.4 140.2 236.7 324
Net margin - 18.78% 25.47% 14.42% 19.45% 20.74%
EPS 2 0.4286 2.079 3.079 1.480 2.510 2.820
Free Cash Flow 1 - - 130.8 - 101 163
FCF margin - - 11.71% - 8.3% 10.43%
FCF Conversion (EBITDA) - - 39.61% - 46.82% 90.08%
FCF Conversion (Net income) - - 45.98% - 42.66% 50.3%
Dividend per Share 2 - 0.2357 1.054 0.1786 1.010 -
Announcement Date 17/06/21 24/02/22 27/02/23 23/02/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 S1 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2
Net sales 1 - 260.6 - 326.3 - - - 202.2 439.8
EBITDA - - - - - - - - -
EBIT - - - 95.21 - - - - -
Operating Margin - - - 29.18% - - - - -
Earnings before Tax (EBT) 1 - - - 95.44 - - - 6.333 -
Net income 1 47.74 69.04 116.8 84.32 71.13 29.01 31.51 8.545 -
Net margin - 26.49% - 25.84% - - - 4.23% -
EPS 2 0.5500 - 1.293 0.9000 0.7571 0.3000 0.3400 0.0800 -
Dividend per Share - - - - - - - - -
Announcement Date 27/04/22 26/08/22 26/08/22 27/02/23 27/04/23 24/08/23 30/10/23 23/02/24 23/02/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt - - - - - -
Net Cash position - - 2,302 - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - - 131 - 101 163
ROE (net income / shareholders' equity) - 29.8% 11.2% 4.93% 7.81% 7.9%
ROA (Net income/ Total Assets) - - 16% 4.72% 8.7% -
Assets 1 - - 1,778 2,969 2,721 -
Book Value Per Share 2 - 8.000 30.00 30.30 33.60 36.60
Cash Flow per Share 2 - 1.840 1.500 0.7500 -0.7900 3.180
Capex 1 - 5.1 10.9 75.2 15 17
Capex / Sales - 0.65% 0.97% 7.74% 1.23% 1.09%
Announcement Date 17/06/21 24/02/22 27/02/23 23/02/24 - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
50.14 CNY
Average target price
89.86 CNY
Spread / Average Target
+79.21%
Consensus
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