Valuation ZTE Corporation

Equities

End-of-day quote Shenzhen S.E. Other stock markets 18/09/2024			5-day change	1st Jan Change
23.65 ^CNY	+0.47%		-0.59%	-10.69%

10/09	ZTE Subscribes for Nine Wealth Management Products Worth 6.10 Billion Yuan	MT
05/09	ZTE Corporation and Orange Liberia Team Up to Complete Rural Network Deployment in Liberia	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,38,979	1,42,125	1,46,171	1,14,433	1,18,615	1,05,598	-	-
Change	-	2.26%	2.85%	-21.71%	3.65%	-10.97%	-	-
Enterprise Value (EV) ¹	1,42,872	1,41,743	1,35,290	1,03,837	90,208	75,567	72,960	68,487
Change	-	-0.79%	-4.55%	-23.25%	-13.13%	-16.23%	-3.45%	-6.13%
P/E ratio	29x	36.6x	22.8x	15.1x	13.5x	11.3x	10.3x	9.51x
PBR	5.19x	3.59x	3.08x	2.09x	1.86x	1.51x	1.37x	1.25x
PEG	-	-1.5x	0.4x	0.9x	0.9x	1.64x	1.12x	1.09x
Capitalization / Revenue	1.53x	1.4x	1.28x	0.93x	0.95x	0.81x	0.76x	0.71x
EV / Revenue	1.57x	1.4x	1.18x	0.84x	0.73x	0.58x	0.52x	0.46x
EV / EBITDA	13.5x	15.7x	10.5x	8.08x	6.4x	4.8x	4.4x	3.91x
EV / EBIT	18.9x	25.9x	15.6x	11.8x	9.84x	6.72x	5.93x	5.1x
EV / FCF	51.4x	37.6x	13.2x	39.2x	6.73x	8.77x	6.46x	10.8x
FCF Yield	1.95%	2.66%	7.58%	2.55%	14.9%	11.4%	15.5%	9.28%
Dividend per Share ²	0.2	0.2	0.3	0.4	0.683	0.7052	0.7642	0.8077
Rate of return	0.57%	0.59%	0.9%	1.55%	2.58%	2.98%	3.23%	3.42%
EPS ²	1.22	0.92	1.47	1.71	1.96	2.095	2.288	2.488
Distribution rate	16.4%	21.7%	20.4%	23.4%	34.8%	33.7%	33.4%	32.5%
Net sales ¹	90,737	1,01,451	1,14,522	1,22,954	1,24,251	1,30,197	1,38,975	1,47,721
EBITDA ¹	10,614	9,036	12,859	12,853	14,098	15,753	16,567	17,519
EBIT ¹	7,552	5,471	8,676	8,795	9,172	11,250	12,308	13,441
Net income ¹	5,148	4,260	6,813	8,080	9,326	10,064	10,838	11,782
Net Debt ¹	3,893	-381.7	-10,881	-10,596	-28,407	-30,031	-32,638	-37,111
Reference price ²	35.39	33.65	33.50	25.86	26.48	23.65	23.65	23.65
Nbr of stocks (in thousands)	42,27,429	46,10,461	47,26,548	47,36,113	47,83,252	47,83,252	-	-
Announcement Date	27/03/20	22/01/21	08/03/22	10/03/23	08/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield (Y)	Capi. ($)
ZTE CORPORATION	11.23x	0.58x	4.77x	+3.00%	1.48TCr
CISCO SYSTEMS, INC.	22.74x	3.83x	10.5x	+3.20%	20TCr
ARISTA NETWORKS, INC.	46.17x	15.73x	34.24x	-.--%	11TCr
MOTOROLA SOLUTIONS, INC.	51.02x	7.18x	22.88x	+0.87%	7.32TCr
FOXCONN INDUSTRIAL INTERNET CO., LTD.	14.73x	0.58x	10.15x	+3.59%	5.39TCr
GARMIN LTD.	28.66x	5.18x	20.97x	+1.76%	3.3TCr
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.	15.37x	1.89x	10.04x	+3.84%	3.26TCr
ERICSSON	33.02x	0.93x	7.08x	+3.63%	2.45TCr
NOKIA OYJ	15.7x	0.83x	4.98x	+3.66%	2.31TCr
ZHONGJI INNOLIGHT CO., LTD.	23.69x	4.88x	19.09x	+0.67%	1.81TCr
Average	26.23x	4.16x	14.47x	+2.42%	5.89TCr
Weighted average by Cap.	29.85x	5.92x	16.90x	+2.24%