CHINASOFT INTERNATIONAL LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.71 HKD | -0.42% |
|
-4.27% | -21.37% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,433 | 19,881 | 24,080 | 17,148 | 14,591 | 11,238 | - | - |
| Enterprise Value (EV) 1 | 9,362 | 17,884 | 20,462 | 11,819 | 14,591 | 9,615 | 8,166 | 8,530 |
| P/E ratio | 13.1 x | 20.4 x | 21.6 x | 23.8 x | 21.7 x | 13.4 x | 10.4 x | 9.05 x |
| Yield | 0.51% | 0.34% | 0.32% | 0.83% | - | 1.79% | 2.23% | 3.29% |
| Capitalization / Revenue | 0.78 x | 1.41 x | 1.31 x | 0.86 x | 0.85 x | 0.58 x | 0.48 x | 0.44 x |
| EV / Revenue | 0.78 x | 1.27 x | 1.11 x | 0.59 x | 0.85 x | 0.5 x | 0.35 x | 0.33 x |
| EV / EBITDA | 8.08 x | 13.9 x | 17.4 x | 11.8 x | - | 7.12 x | 4.82 x | 4.72 x |
| EV / FCF | 14.4 x | 18 x | 30.3 x | 20.8 x | - | 12.3 x | -23.6 x | 8.93 x |
| FCF Yield | 6.94% | 5.55% | 3.3% | 4.81% | - | 8.14% | -4.23% | 11.2% |
| Price to Book | 1.62 x | 2.1 x | 2.11 x | 1.5 x | - | 0.98 x | 0.89 x | 0.84 x |
| Nbr of stocks (in thousands) | 2,399,053 | 2,730,779 | 2,908,770 | 2,859,500 | 2,679,983 | 2,580,249 | - | - |
| Reference price 2 | 3.932 | 7.280 | 8.278 | 5.997 | 5.444 | 4.355 | 4.355 | 4.355 |
| Announcement Date | 3/25/20 | 3/29/21 | 3/29/22 | 3/29/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,042 | 14,101 | 18,398 | 20,005 | 17,117 | 19,331 | 23,579 | 25,762 |
| EBITDA 1 | 1,158 | 1,284 | 1,177 | 1,000 | - | 1,350 | 1,694 | 1,806 |
| EBIT 1 | 960.7 | 1,113 | 955.8 | 730.6 | 701.7 | 1,058 | 1,354 | 1,442 |
| Operating Margin | 7.98% | 7.89% | 5.2% | 3.65% | 4.1% | 5.47% | 5.74% | 5.6% |
| Earnings before Tax (EBT) 1 | 799 | 1,035 | 1,252 | 829.9 | 733.9 | 990.5 | 1,312 | 1,512 |
| Net income 1 | 754.9 | 954.9 | 1,137 | 759.4 | 713.4 | 921.3 | 1,222 | 1,395 |
| Net margin | 6.27% | 6.77% | 6.18% | 3.8% | 4.17% | 4.77% | 5.18% | 5.42% |
| EPS 2 | 0.3005 | 0.3569 | 0.3840 | 0.2518 | 0.2506 | 0.3240 | 0.4206 | 0.4815 |
| Free Cash Flow 1 | 649.8 | 993.2 | 675 | 568.1 | - | 782.9 | -345.6 | 955 |
| FCF margin | 5.4% | 7.04% | 3.67% | 2.84% | - | 4.05% | -1.47% | 3.71% |
| FCF Conversion (EBITDA) | 56.11% | 77.38% | 57.35% | 56.8% | - | 57.98% | - | 52.89% |
| FCF Conversion (Net income) | 86.08% | 104.01% | 59.37% | 74.8% | - | 84.98% | - | 68.45% |
| Dividend per Share 2 | 0.0201 | 0.0245 | 0.0263 | 0.0497 | - | 0.0779 | 0.0972 | 0.1431 |
| Announcement Date | 3/25/20 | 3/29/21 | 3/29/22 | 3/29/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 | 2026 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,504 | 6,059 | 8,042 | 8,341 | 10,057 | 10,025 | 9,980 | 8,450 | 8,667 | 8,931 | 10,137 | 10,701 | 11,339 | 12,390 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 492.6 | 458.2 | 677.3 | 630.5 | 325.3 | 694.4 | 205.6 | 454.9 | 331.9 | 399.2 | 690.6 | 637.4 | 573 | 663 |
| Operating Margin | 7.57% | 7.56% | 8.42% | 7.56% | 3.23% | 6.93% | 2.06% | 5.38% | 3.83% | 4.47% | 6.81% | 5.96% | 5.05% | 5.35% |
| Earnings before Tax (EBT) | 408.8 | 442.2 | 592.6 | - | 675.9 | - | - | 342.4 | - | - | - | - | - | - |
| Net income 1 | 392.2 | 401.4 | 553.5 | 517.7 | 619.2 | 571.6 | 187.9 | 351 | 362.4 | 485 | 522 | 604 | 650 | 729 |
| Net margin | 6.03% | 6.62% | 6.88% | 6.21% | 6.16% | 5.7% | 1.88% | 4.15% | 4.18% | 5.43% | 5.15% | 5.64% | 5.73% | 5.88% |
| EPS 2 | 0.1570 | 0.1573 | 0.1996 | 0.1777 | 0.2063 | 0.1870 | 0.0648 | 0.1208 | - | 0.1600 | 0.1800 | 0.2100 | 0.2200 | 0.2500 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/25/20 | 8/26/20 | 3/29/21 | 8/23/21 | 3/29/22 | 8/29/22 | 3/29/23 | 8/17/23 | 3/28/24 | - | - | - | - | - |
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 | 71.8 | 1,997 | 3,618 | 5,329 | - | 1,623 | 3,072 | 2,708 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 650 | 993 | 675 | 568 | - | 783 | -346 | 955 |
| ROE (net income / shareholders' equity) | 12.2% | 12.5% | 11.2% | 6.41% | - | 7.49% | 8.58% | 9.56% |
| ROA (Net income/ Total Assets) | 7.13% | 8.01% | 7.58% | 4.48% | - | 5.08% | 5.98% | 6.5% |
| Assets 1 | 10,592 | 11,916 | 14,995 | 16,934 | - | 18,139 | 20,423 | 21,469 |
| Book Value Per Share 2 | 2.430 | 3.470 | 3.920 | 4.000 | - | 4.460 | 4.880 | 5.190 |
| Cash Flow per Share 2 | 0.2800 | 0.4100 | 0.3300 | 0.2500 | - | 0.2700 | 0.3000 | 0.3900 |
| Capex 1 | 105 | 159 | 287 | 197 | - | 223 | 196 | 191 |
| Capex / Sales | 0.87% | 1.13% | 1.56% | 0.98% | - | 1.15% | 0.83% | 0.74% |
| Announcement Date | 3/25/20 | 3/29/21 | 3/29/22 | 3/29/23 | 3/28/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
4.355
CNY
Average target price
6
CNY
Spread / Average Target
+37.77%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -21.37% | 1.56B | |
| -12.70% | 193B | |
| +2.65% | 169B | |
| +2.20% | 154B | |
| +5.96% | 101B | |
| +11.22% | 80.9B | |
| +25.63% | 77.58B | |
| -7.65% | 70.81B | |
| -21.03% | 52.48B | |
| -10.22% | 42.67B |
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