DBAPPSECURITY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 49.62 CNY | -0.86% |
|
-11.96% | -55.25% |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 19,267 | 19,684 | 15,608 | 8,719 | 3,893 | - | - |
| Enterprise Value (EV) 1 | 18,061 | 18,505 | 14,802 | 8,400 | 2,859 | 2,684 | 2,782 |
| P/E ratio | 144 x | 1,393 x | -61.3 x | -24.4 x | -181 x | 30.1 x | 23.1 x |
| Yield | 0.08% | - | - | - | 0.04% | 0.56% | 0.4% |
| Capitalization / Revenue | 14.6 x | 10.8 x | 7.88 x | 4.03 x | 1.59 x | 1.26 x | 1.16 x |
| EV / Revenue | 13.7 x | 10.2 x | 7.48 x | 3.88 x | 1.17 x | 0.87 x | 0.83 x |
| EV / EBITDA | 102 x | 1,100 x | -63.8 x | -35.7 x | 47.6 x | 16.7 x | 8.91 x |
| EV / FCF | 118 x | -53.8 x | -38.6 x | -19.4 x | -18.3 x | 2,013 x | 103 x |
| FCF Yield | 0.85% | -1.86% | -2.59% | -5.17% | -5.46% | 0.05% | 0.97% |
| Price to Book | 11.5 x | 6.37 x | 5.37 x | 3.44 x | 1.41 x | 1.36 x | 1.32 x |
| Nbr of stocks (in thousands) | 74,074 | 78,505 | 78,826 | 78,626 | 78,466 | - | - |
| Reference price 2 | 260.1 | 250.7 | 198.0 | 110.9 | 49.62 | 49.62 | 49.62 |
| Announcement Date | 2/27/21 | 2/27/22 | 4/28/23 | 2/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,323 | 1,820 | 1,980 | 2,164 | 2,450 | 3,097 | 3,366 |
| EBITDA 1 | - | 177 | 16.82 | -232.1 | -235.3 | 60 | 160.6 | 312.1 |
| EBIT 1 | - | 139.8 | -40.84 | -325.3 | -362.9 | -20.1 | 133.2 | 171 |
| Operating Margin | - | 10.57% | -2.24% | -16.43% | -16.77% | -0.82% | 4.3% | 5.08% |
| Earnings before Tax (EBT) 1 | - | 130.9 | -44.11 | -330.3 | -365.1 | -23.45 | 123.3 | 177.7 |
| Net income 1 | 92.22 | 134.1 | 13.81 | -253.4 | -358.9 | -21.52 | 130 | 169.3 |
| Net margin | - | 10.14% | 0.76% | -12.8% | -16.58% | -0.88% | 4.2% | 5.03% |
| EPS 2 | - | 1.810 | 0.1800 | -3.230 | -4.550 | -0.2738 | 1.648 | 2.146 |
| Free Cash Flow 1 | - | 153.6 | -343.6 | -383.1 | -434 | -156 | 1.333 | 27 |
| FCF margin | - | 11.61% | -18.88% | -19.35% | -20.06% | -6.37% | 0.04% | 0.8% |
| FCF Conversion (EBITDA) | - | 86.79% | - | - | - | - | 0.83% | 8.65% |
| FCF Conversion (Net income) | - | 114.55% | - | - | - | - | 1.03% | 15.94% |
| Dividend per Share 2 | - | 0.2000 | - | - | - | 0.0184 | 0.2798 | 0.1962 |
| Announcement Date | 4/14/20 | 2/27/21 | 2/27/22 | 4/28/23 | 2/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 954.7 | 233.5 | 301.2 | 534.6 | 505 | 940.4 | 336.2 | 359.4 | 511.8 | 956.7 | 280.8 | 634.2 | 585.5 | 780.6 | 501.4 | 724.3 |
| EBITDA 1 | 364 | - | - | - | - | - | - | - | - | - | - | 2.757 | 12.2 | -2.97 | -44.81 | 19 |
| EBIT | 279.4 | -229.3 | -202.4 | - | -104.1 | 210.5 | -230.5 | -259.9 | -159.2 | - | - | - | - | - | - | - |
| Operating Margin | 29.27% | -98.21% | -67.22% | - | -20.62% | 22.39% | -68.56% | -72.31% | -31.11% | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | - | -203.3 | - | -104.3 | 209 | -230.4 | -260.1 | -159.8 | 285.2 | -201.4 | -0.5954 | 8.848 | 23.68 | -49.32 | 14.49 |
| Net income 1 | - | - | -181.4 | -371.5 | -85.4 | 203.5 | -189.5 | -219.2 | -126.9 | 176.7 | -200.4 | -0.0682 | 9.375 | 24.21 | -44.32 | 19.49 |
| Net margin | - | - | -60.23% | -69.5% | -16.91% | 21.64% | -56.36% | -60.99% | -24.79% | 18.47% | -71.36% | -0.01% | 1.6% | 3.1% | -8.84% | 2.69% |
| EPS 2 | 3.800 | -2.420 | -2.310 | - | -1.090 | 2.590 | -2.400 | -2.780 | -1.610 | 2.240 | -2.540 | -0.000860 | 0.1187 | 0.3066 | -0.5613 | 0.2468 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/27/22 | 4/22/22 | 8/21/22 | 8/21/22 | 10/27/22 | 4/28/23 | 4/28/23 | 8/15/23 | 10/27/23 | 2/23/24 | 4/25/24 | - | - | - | - | - |
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 | - | 1,205 | 1,179 | 806 | 319 | 1,035 | 1,210 | 1,111 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 154 | -344 | -383 | -434 | -156 | 1.33 | 27 |
| ROE (net income / shareholders' equity) | 14.6% | 8.37% | 0.68% | -8.48% | -12.1% | -0.51% | 4.33% | 6.46% |
| ROA (Net income/ Total Assets) | - | 5.79% | 0.38% | -5.14% | -7.2% | 0.05% | 1.87% | 3.3% |
| Assets 1 | - | 2,318 | 3,616 | 4,933 | 4,983 | -43,047 | 6,965 | 5,132 |
| Book Value Per Share 2 | - | 22.50 | 39.40 | 36.90 | 32.30 | 35.10 | 36.60 | 37.70 |
| Cash Flow per Share 2 | - | 3.780 | -0.7800 | -2.270 | -3.240 | 0.5400 | 1.600 | 1.840 |
| Capex 1 | - | 126 | 282 | 204 | 178 | 119 | 118 | 93.4 |
| Capex / Sales | - | 9.55% | 15.51% | 10.32% | 8.24% | 4.84% | 3.8% | 2.77% |
| Announcement Date | 4/14/20 | 2/27/21 | 2/27/22 | 4/28/23 | 2/23/24 | - | - | - |
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
13
Last Close Price
49.62
CNY
Average target price
83.3
CNY
Spread / Average Target
+67.87%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -55.25% | 544M | |
| +4.31% | 5.69B | |
| +34.23% | 1.44B | |
| -28.92% | 605M | |
| -15.31% | 406M | |
| -23.98% | 383M | |
| +4.93% | 329M | |
| +27.44% | 234M | |
| -35.91% | 211M | |
| +152.04% | 182M |
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- Financials DBAPPSecurity Co., Ltd.