ASIAINFO TECHNOLOGIES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.11 HKD | -3.92% |
|
-5.07% | -17.42% |
| Mar. 20 | Jefferies Adjusts AsiaInfo Technologies’ Price Target to HK$11.09 From HK$12.65, Keeps at Buy | MT |
| Mar. 19 | AsiaInfo Technologies’ Profit Down in Fiscal 2023 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,749 | 8,586 | 9,586 | 11,294 | 7,319 | 6,419 | - | - |
| Enterprise Value (EV) 1 | 4,608 | 5,952 | 6,664 | 9,099 | 7,319 | 3,249 | 2,765 | 2,178 |
| P/E ratio | 14.1 x | 11.2 x | 12.3 x | 13.5 x | 13.7 x | 6.98 x | 6.45 x | 5.75 x |
| Yield | 3.18% | 3.09% | 3.28% | 2.95% | - | 5.88% | 6.59% | 7.25% |
| Capitalization / Revenue | 1 x | 1.43 x | 1.39 x | 1.46 x | 0.93 x | 0.76 x | 0.69 x | 0.62 x |
| EV / Revenue | 0.81 x | 0.99 x | 0.97 x | 1.18 x | 0.93 x | 0.38 x | 0.3 x | 0.21 x |
| EV / EBITDA | 8.23 x | 7.7 x | 7.02 x | 8.66 x | 6.66 x | 2.93 x | 2.28 x | 1.62 x |
| EV / FCF | 8.81 x | 8.87 x | 10.3 x | 18.1 x | - | 3.11 x | 2.78 x | 1.93 x |
| FCF Yield | 11.4% | 11.3% | 9.75% | 5.52% | - | 32.2% | 36% | 51.9% |
| Price to Book | 1.47 x | 1.32 x | - | - | - | 0.9 x | 0.83 x | 0.76 x |
| Nbr of stocks (in thousands) | 726,045 | 915,767 | 924,945 | 929,315 | 935,304 | 935,304 | - | - |
| Reference price 2 | 7.918 | 9.376 | 10.36 | 12.15 | 7.826 | 6.863 | 6.863 | 6.863 |
| Announcement Date | 3/23/20 | 3/23/21 | 3/7/22 | 3/7/23 | 3/18/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,721 | 6,020 | 6,895 | 7,738 | 7,891 | 8,464 | 9,272 | 10,346 |
| EBITDA 1 | 560.2 | 773.2 | 949.7 | 1,051 | 1,099 | 1,109 | 1,212 | 1,348 |
| EBIT 1 | 510 | 668.8 | 837.6 | 890.2 | 929.8 | 1,042 | 1,132 | 1,257 |
| Operating Margin | 8.91% | 11.11% | 12.15% | 11.5% | 11.78% | 12.31% | 12.21% | 12.15% |
| Earnings before Tax (EBT) 1 | 540.8 | 764.3 | 916.5 | 943.5 | 638.8 | 1,060 | 1,142 | 1,280 |
| Net income 1 | 408.8 | 662.1 | 785.7 | 824.4 | 533 | 916.3 | 992 | 1,113 |
| Net margin | 7.15% | 11% | 11.4% | 10.65% | 6.75% | 10.83% | 10.7% | 10.75% |
| EPS 2 | 0.5600 | 0.8400 | 0.8400 | 0.9000 | 0.5700 | 0.9833 | 1.063 | 1.193 |
| Free Cash Flow 1 | 523.2 | 671.1 | 650 | 502 | - | 1,046 | 995 | 1,130 |
| FCF margin | 9.15% | 11.15% | 9.43% | 6.49% | - | 12.36% | 10.73% | 10.92% |
| FCF Conversion (EBITDA) | 93.4% | 86.79% | 68.44% | 47.76% | - | 94.29% | 82.12% | 83.85% |
| FCF Conversion (Net income) | 127.99% | 101.35% | 82.72% | 60.89% | - | 114.15% | 100.3% | 101.56% |
| Dividend per Share 2 | 0.2520 | 0.2900 | 0.3400 | 0.3580 | - | 0.4033 | 0.4522 | 0.4977 |
| Announcement Date | 3/23/20 | 3/23/21 | 3/7/22 | 3/7/23 | 3/18/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 S1 | 2022 S2 |
|---|---|---|
| Net sales 1 | - | 4,629 |
| EBITDA | - | - |
| EBIT | - | - |
| Operating Margin | - | - |
| Earnings before Tax (EBT) | - | - |
| Net income | 191.8 | - |
| Net margin | - | - |
| EPS | 0.2000 | - |
| Dividend per Share | - | - |
| Announcement Date | 8/8/22 | 3/7/23 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,141 | 2,634 | 2,923 | 2,195 | - | 3,170 | 3,654 | 4,241 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 523 | 671 | 650 | 502 | - | 1,046 | 995 | 1,130 |
| ROE (net income / shareholders' equity) | 12.6% | 14% | 13.4% | 12.7% | - | 13.2% | 13.3% | 13.6% |
| ROA (Net income/ Total Assets) | 5.26% | 8.07% | - | - | - | 8.4% | 8.3% | 8.7% |
| Assets 1 | 7,769 | 8,207 | - | - | - | 10,909 | 11,952 | 12,789 |
| Book Value Per Share 2 | 5.380 | 7.120 | - | - | - | 7.600 | 8.280 | 9.090 |
| Cash Flow per Share 2 | 0.7500 | - | - | - | - | 0.6500 | 0.7300 | 0.7400 |
| Capex 1 | 23.1 | 39.4 | 31.3 | 47.2 | - | 126 | 111 | 130 |
| Capex / Sales | 0.4% | 0.65% | 0.45% | 0.61% | - | 1.48% | 1.2% | 1.26% |
| Announcement Date | 3/23/20 | 3/23/21 | 3/7/22 | 3/7/23 | 3/18/24 | - | - | - |
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
4
Last Close Price
6.863
CNY
Average target price
10.79
CNY
Spread / Average Target
+57.25%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -17.42% | 887M | |
| +11.31% | 87.43B | |
| +7.52% | 79.69B | |
| -12.24% | 56.79B | |
| +23.30% | 47.14B | |
| +32.46% | 46.62B | |
| -26.51% | 45.5B | |
| +81.90% | 42.31B | |
| -6.42% | 25.81B | |
| +21.21% | 22.27B |
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