Financials ArcSoft Corporation Limited

Equities

688088

CNE100003MH9

Software

End-of-day quote Shanghai S.E. 06:00:00 2024-05-19 pm EDT 5-day change 1st Jan Change
31.84 CNY +0.92% Intraday chart for ArcSoft Corporation Limited -2.60% -22.42%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,184 28,388 17,676 9,030 16,464 12,759 - -
Enterprise Value (EV) 1 19,184 27,433 16,813 7,389 14,546 10,915 10,917 10,716
P/E ratio 90.9 x 113 x 126 x 161 x 187 x 88 x 59 x 53.1 x
Yield - 0.37% 0.45% 0.56% 0.54% 0.92% 1.38% 2.17%
Capitalization / Revenue 34 x 41.6 x 30.8 x 17 x 24.6 x 15.1 x 11.2 x 10.3 x
EV / Revenue 34 x 40.2 x 29.3 x 13.9 x 21.7 x 12.9 x 9.6 x 8.65 x
EV / EBITDA 83.7 x 96.9 x 150 x 88.5 x 106 x 80.5 x 58.3 x 42 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 7.68 x 10.5 x 7.04 x 3.54 x 6.16 x 4.68 x 4.5 x 4.19 x
Nbr of stocks (in thousands) 406,000 406,000 401,170 401,170 401,170 400,731 - -
Reference price 2 47.25 69.92 44.06 22.51 41.04 31.84 31.84 31.84
Announcement Date 2/28/20 2/19/21 2/25/22 2/22/23 2/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 564.5 683.2 573 531.6 670.3 846.8 1,137 1,238
EBITDA 1 229.1 283.1 111.9 83.51 137.5 135.6 187.1 255.2
EBIT 1 221.6 274.6 153.1 62.74 108.1 152.6 204.4 283.4
Operating Margin 39.26% 40.19% 26.71% 11.8% 16.13% 18.02% 17.97% 22.89%
Earnings before Tax (EBT) 1 244.2 274.2 152.9 62.08 108.2 152.6 204.4 283.4
Net income 1 206.8 251.5 140.8 56.37 89.62 131.9 177.9 243.4
Net margin 36.63% 36.81% 24.57% 10.6% 13.37% 15.58% 15.64% 19.66%
EPS 2 0.5200 0.6200 0.3500 0.1400 0.2200 0.3620 0.5400 0.6000
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 0.2600 0.2000 0.1250 0.2200 0.2933 0.4400 0.6900
Announcement Date 2/28/20 2/19/21 2/25/22 2/22/23 2/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 316.1 367.1 126.5 136.4 125.8 128.5 140.9 269.4 161.4 178.8 162.6 167.4 330.1 183.9 194.5 237 300.8 371.6
EBITDA - - - - - - - - - - - - - - - - - -
EBIT - 142.4 14.74 29.47 35.97 10.58 -13.27 -2.694 32.52 39.82 22.73 13.08 35.8 39.35 - - - -
Operating Margin - 38.79% 11.66% 21.6% 28.59% 8.23% -9.42% -1% 20.14% 22.27% 13.98% 7.81% 10.85% 21.4% - - - -
Earnings before Tax (EBT) - 141.7 - - - - -13.47 -3.103 - - - 12.49 35.1 - - - - -
Net income 118.4 133 - - - - 3.104 0.6392 - - - 7.958 39.58 - - - - -
Net margin 37.48% 36.23% - - - - 2.2% 0.24% - - - 4.75% 11.99% - - - - -
EPS 2 - 0.3500 0.0500 0.0600 0.0800 -0.0100 0.0100 - 0.0700 0.0500 0.0800 0.0200 0.1000 0.0900 0.1200 0.1600 0.1400 0.2000
Dividend per Share - - - - - - - - - - - - - - - - - -
Announcement Date 8/18/20 2/19/21 2/25/22 4/27/22 8/25/22 10/28/22 2/22/23 2/22/23 4/25/23 8/15/23 10/27/23 2/25/24 2/25/24 4/18/24 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - 954 862 1,641 1,918 1,844 1,842 2,044
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 12.7% 9.7% 5.37% 2.26% 3.42% 4.78% 6.21% 7.93%
ROA (Net income/ Total Assets) - 9.05% 5.11% 1.96% - 4.17% 5.4% 7.15%
Assets 1 - 2,780 2,756 2,874 - 3,168 3,294 3,405
Book Value Per Share 2 6.160 6.640 6.260 6.350 6.660 6.800 7.080 7.610
Cash Flow per Share 2 0.5100 0.3100 0.4700 0.1100 0.6300 0.4600 0.7000 0.7900
Capex 1 28.9 109 171 127 78.2 40.5 32.1 27.7
Capex / Sales 5.13% 16.01% 29.76% 23.93% 11.67% 4.78% 2.82% 2.24%
Announcement Date 2/28/20 2/19/21 2/25/22 2/22/23 2/25/24 - - -
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
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
31.84 CNY
Average target price
36.23 CNY
Spread / Average Target
+13.80%
Consensus
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