Financials Great Microwave Technology Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-09 pm EDT			5-day change	1st Jan Change
47.94 ^CNY	-3.17%		+2.72%	-29.89%

Apr. 25	Great Microwave Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Feb. 25	Great Microwave Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	12,665	10,455	7,330	-	-
Enterprise Value (EV) ¹	12,665	10,455	7,330	7,330	7,330
P/E ratio	115 x	145 x	59.2 x	38 x	28.2 x
Yield	-	0.25%	0.67%	-	-
Capitalization / Revenue	52.2 x	36.9 x	18.2 x	13.2 x	10.1 x
EV / Revenue	52.2 x	36.9 x	18.2 x	13.2 x	10.1 x
EV / EBITDA	138 x	122 x	61.2 x	37.3 x	27.2 x
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	6.06 x	4.89 x	3.25 x	2.99 x	2.7 x
Nbr of stocks (in thousands)	152,894	152,894	152,894	-	-
Reference price ²	82.84	68.38	47.94	47.94	47.94
Announcement Date	2/27/23	2/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	190.6	242.6	283.5	403.8	555.9	727.4
EBITDA ¹	100.7	91.52	85.87	119.8	196.8	269.7
EBIT ¹	95.85	105.8	78.94	126.9	195.1	263.1
Operating Margin	50.3%	43.61%	27.84%	31.42%	35.1%	36.17%
Earnings before Tax (EBT) ¹	98.84	107.7	76.32	124.2	192.5	260.5
Net income ¹	98.84	107.7	76.32	124.2	192.5	260.5
Net margin	51.86%	44.41%	26.92%	30.77%	34.62%	35.81%
EPS ²	0.8643	0.7214	0.4700	0.8100	1.260	1.700
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	-	0.1700	0.3200	-	-
Announcement Date	4/6/22	2/27/23	2/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	24%	5.66%	3.62%	5.66%	8.17%	10.1%
ROA (Net income/ Total Assets)	-	8.07%	3.28%	7%	-	-
Assets ¹	-	1,336	2,324	1,775	-	-
Book Value Per Share ²	4.020	13.70	14.00	14.80	16.00	17.70
Cash Flow per Share ²	0.0400	0.1200	0.0600	0.5200	0.5100	0.4600
Capex ¹	9.22	33.7	46.6	48.1	54.2	58.7
Capex / Sales	4.84%	13.89%	16.44%	11.91%	9.75%	8.07%
Announcement Date	4/6/22	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

47.94 CNY

Average target price

62.3 CNY

Spread / Average Target

+29.96%

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