VANCHIP (TIANJIN) TECHNOLOGY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 45.32 CNY | -1.22% |
|
-0.07% | -30.81% |
| 25/04 | Vanchip Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 18/03 | Vanchip Technology Co., Ltd.(XSSC:688153) added to FTSE All-World Index | CI |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 15,009 | 27,390 | 18,958 | - | - |
| Enterprise Value (EV) 1 | 12,660 | 24,393 | 15,955 | 14,588 | 18,958 |
| P/E ratio | 262 x | 243 x | 45.2 x | 34.8 x | 28.3 x |
| Yield | - | 0.08% | 0.73% | 1.47% | 0.71% |
| Capitalization / Revenue | 6.56 x | 9.19 x | 5.06 x | 3.89 x | 3.63 x |
| EV / Revenue | 5.53 x | 8.18 x | 4.26 x | 3 x | 3.63 x |
| EV / EBITDA | 77.5 x | 102 x | 29.2 x | 14.6 x | 20.7 x |
| EV / FCF | - | 40 x | 70.9 x | 42.3 x | 39 x |
| FCF Yield | - | 2.5% | 1.41% | 2.37% | 2.56% |
| Price to Book | - | 6.79 x | 3.81 x | 3.45 x | 3.02 x |
| Nbr of stocks (in thousands) | 4,08,619 | 4,18,165 | 4,18,317 | - | - |
| Reference price 2 | 36.73 | 65.50 | 45.32 | 45.32 | 45.32 |
| Announcement Date | 26/02/23 | 24/02/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 2,288 | 2,982 | 3,744 | 4,868 | 5,228 |
| EBITDA 1 | - | 163.3 | 239.3 | 545.9 | 1,000 | 917 |
| EBIT 1 | - | 89.12 | 136.1 | 473.7 | 619.5 | 750.3 |
| Operating Margin | - | 3.9% | 4.56% | 12.65% | 12.73% | 14.35% |
| Earnings before Tax (EBT) 1 | - | 92.75 | 124.3 | 475.8 | 618 | 745 |
| Net income 1 | -68.66 | 53.39 | 112.3 | 415.1 | 546.1 | 668.8 |
| Net margin | - | 2.33% | 3.77% | 11.09% | 11.22% | 12.79% |
| EPS 2 | -0.1900 | 0.1400 | 0.2700 | 1.002 | 1.302 | 1.600 |
| Free Cash Flow 1 | - | - | 609.7 | 225 | 345 | 486 |
| FCF margin | - | - | 20.45% | 6.01% | 7.09% | 9.3% |
| FCF Conversion (EBITDA) | - | - | 254.74% | 41.21% | 34.49% | 53% |
| FCF Conversion (Net income) | - | - | 542.97% | 54.2% | 63.17% | 72.67% |
| Dividend per Share 2 | - | - | 0.0550 | 0.3300 | 0.6650 | 0.3200 |
| Announcement Date | 10/04/22 | 26/02/23 | 24/02/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 465.9 | 510.4 | 318 | 572.9 | 719.7 | 1,371 | 461.3 | 827.3 | 1,172 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 20.2 | -3.03 | -89.49 | 28.76 | 45.4 | 151.4 | -3.499 | 88.54 | 248.5 |
| Operating Margin | 4.33% | -0.59% | -28.14% | 5.02% | 6.31% | 11.05% | -0.76% | 10.7% | 21.2% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.0779 | -0.009100 | -0.2000 | 0.0300 | 0.1400 | 0.3000 | -0.0100 | 0.1900 | 0.5100 |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 27/10/22 | 26/02/23 | 26/04/23 | 30/08/23 | 26/10/23 | 24/02/24 | 25/04/24 | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | - | 2,348 | 2,997 | 3,003 | 4,371 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 610 | 225 | 345 | 486 |
| ROE (net income / shareholders' equity) | - | - | 2.84% | 6.89% | 10.3% | 11.2% |
| ROA (Net income/ Total Assets) | - | - | - | 4.4% | 6.9% | 7.5% |
| Assets 1 | - | - | - | 9,434 | 7,915 | 8,917 |
| Book Value Per Share 2 | - | - | 9.650 | 11.90 | 13.10 | 15.00 |
| Cash Flow per Share 2 | - | - | 1.780 | 1.310 | 4.080 | 1.550 |
| Capex 1 | - | - | 134 | 121 | 310 | 214 |
| Capex / Sales | - | - | 4.5% | 3.23% | 6.36% | 4.1% |
| Announcement Date | 10/04/22 | 26/02/23 | 24/02/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
45.32
CNY
Average target price
76.5
CNY
Spread / Average Target
+68.80%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -30.81% | 261.78Cr | |
| +21.67% | 6.04TCr | |
| -17.54% | 1.49TCr | |
| +14.70% | 1.11TCr | |
| +33.96% | 954.11Cr | |
| +3.69% | 855.09Cr | |
| -8.14% | 833.51Cr | |
| +41.27% | 825.69Cr | |
| -10.22% | 774.73Cr | |
| -17.92% | 644.58Cr |
- Stock Market
- Equities
- 688153 Stock
- Financials Vanchip (Tianjin) Technology Co., Ltd.
