Financials Fujian Foxit Software DevelopmentCo.,Ltd

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-23 pm EDT			5-day change	1st Jan Change
52.01 ^CNY	-3.90%		-4.83%	-25.54%

Apr. 28	Fujian Foxit Software Development Joint Stock Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 15	China stocks rise after new guidelines; HK shares drop	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	11,650	6,644	3,931	6,178	4,619	-	-
Enterprise Value (EV) ¹	11,650	6,644	3,931	6,178	4,619	4,619	4,619
P/E ratio	82.1 x	143 x	-2,270 x	-62.4 x	-175 x	126 x	48.6 x
Yield	0.33%	0.58%	0.8%	0.57%	-	-	-
Capitalization / Revenue	24.9 x	12.3 x	6.78 x	10.1 x	6.62 x	5.59 x	4.68 x
EV / Revenue	24.9 x	12.3 x	6.78 x	10.1 x	6.62 x	5.59 x	4.68 x
EV / EBITDA	80.5 x	81.4 x	-4,207 x	-48.6 x	-118 x	118 x	35.3 x
EV / FCF	95,272,543 x	-	-	-	-	-	-
FCF Yield	0%	-	-	-	-	-	-
Price to Book	3.88 x	2.34 x	1.55 x	2.5 x	1.82 x	1.79 x	1.7 x
Nbr of stocks (in thousands)	94,354	94,354	88,505	88,453	88,800	-	-
Reference price ²	123.5	70.41	44.41	69.85	52.01	52.01	52.01
Announcement Date	2/26/21	2/25/22	2/27/23	2/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	369	468.6	541.1	579.9	612.2	698.2	825.8	987.7
EBITDA ¹	-	144.7	81.65	-0.9344	-127.2	-39	39	131
EBIT ¹	-	132.2	52.31	-22.88	-145.8	-53.16	13.5	71.66
Operating Margin	-	28.21%	9.67%	-3.95%	-23.81%	-7.61%	1.63%	7.25%
Earnings before Tax (EBT) ¹	-	133.9	51.86	-2.968	-106	-20.23	42.72	105.6
Net income ¹	-	115.3	46.24	-1.744	-99.1	-27.5	37.72	98.1
Net margin	-	24.6%	8.54%	-0.3%	-16.19%	-3.94%	4.57%	9.93%
EPS ²	1.048	1.504	0.4911	-0.0196	-1.119	-0.2975	0.4125	1.070
Free Cash Flow	-	122.3	-	-	-	-	-	-
FCF margin	-	26.09%	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	84.5%	-	-	-	-	-	-
FCF Conversion (Net income)	-	106.06%	-	-	-	-	-	-
Dividend per Share ²	-	0.4082	0.4082	0.3571	0.4000	-	-	-
Announcement Date	4/28/20	2/26/21	2/25/22	2/27/23	2/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	122	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	11.3%	1.54%	-0.06%	-3.81%	-1.06%	1.44%	3.6%
ROA (Net income/ Total Assets)	-	6.34%	1.58%	-0.06%	-	-0.85%	1.4%	3.3%
Assets ¹	-	1,818	2,920	3,109	-	3,235	2,694	2,973
Book Value Per Share ²	-	31.80	30.10	28.70	27.90	28.60	29.00	30.50
Cash Flow per Share ²	-	1.470	0.5500	0.6200	-0.4100	0.5600	1.140	0.7400
Capex ¹	-	16.7	45.7	8.84	34.9	22.4	22.5	18.5
Capex / Sales	-	3.55%	8.45%	1.52%	5.71%	3.21%	2.72%	1.88%
Announcement Date	4/28/20	2/26/21	2/25/22	2/27/23	2/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

52.01 CNY

Average target price

90.32 CNY

Spread / Average Target

+73.66%

	1st Jan change	Capi.
FUJIAN FOXIT SOFTWARE DEVELOPMENTCO.,LTD	-25.54%	638M
MICROSOFT CORPORATION	+14.39%	3,197B
SYNOPSYS INC.	+14.08%	89.6B
CADENCE DESIGN SYSTEMS, INC.	+8.04%	80.08B
DASSAULT SYSTÈMES SE	-12.11%	55.52B
PALANTIR TECHNOLOGIES INC.	+22.36%	46.79B
THE TRADE DESK, INC.	+31.67%	46.34B
ATLASSIAN CORPORATION	-29.01%	43.95B
SEA LIMITED	+77.73%	41.34B
TAKE-TWO INTERACTIVE SOFTWARE, INC.	-3.95%	26.5B