HANGZHOU SILAN MICROELECTRONICS CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 19.45 CNY | -1.72% |
|
+1.41% | -14.81% |
| Apr. 30 | Hangzhou Silan Microelectronics Swings to Loss in Q1 | MT |
| Apr. 29 | Hangzhou Silan Microelectronics Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 32,802 | 76,751 | 46,433 | 37,991 | 32,366 | - | - |
| Enterprise Value (EV) 1 | 34,840 | 77,889 | 49,646 | 38,154 | 37,108 | 37,561 | 37,563 |
| P/E ratio | 500 x | 48 x | 44.3 x | -1,142 x | 33.4 x | 25.1 x | 21.9 x |
| Yield | 0.06% | 0.18% | 0.3% | - | 0.64% | 0.88% | 1.03% |
| Capitalization / Revenue | 7.66 x | 10.7 x | 5.61 x | 4.07 x | 2.86 x | 2.41 x | 2.12 x |
| EV / Revenue | 8.14 x | 10.8 x | 5.99 x | 4.09 x | 3.28 x | 2.8 x | 2.46 x |
| EV / EBITDA | 81 x | 34.4 x | 25.8 x | 44 x | 17.3 x | 13.8 x | 11.4 x |
| EV / FCF | - | 3,903 x | -36.9 x | -47.8 x | -135 x | -215 x | 94.9 x |
| FCF Yield | - | 0.03% | -2.71% | -2.09% | -0.74% | -0.47% | 1.05% |
| Price to Book | - | 12 x | 6.3 x | 3.16 x | 2.47 x | 2.74 x | 2.33 x |
| Nbr of stocks (in thousands) | 1,312,062 | 1,416,072 | 1,416,072 | 1,664,072 | 1,664,072 | - | - |
| Reference price 2 | 25.00 | 54.20 | 32.79 | 22.83 | 19.45 | 19.45 | 19.45 |
| Announcement Date | 3/12/21 | 3/28/22 | 3/30/23 | 4/8/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,281 | 7,194 | 8,282 | 9,340 | 11,322 | 13,407 | 15,284 |
| EBITDA 1 | 429.9 | 2,265 | 1,926 | 866.2 | 2,145 | 2,730 | 3,288 |
| EBIT 1 | -35.77 | 1,735 | 1,194 | -48.78 | 1,100 | 1,450 | 1,731 |
| Operating Margin | -0.84% | 24.11% | 14.41% | -0.52% | 9.71% | 10.82% | 11.32% |
| Earnings before Tax (EBT) 1 | - | 1,731 | 1,192 | -56.88 | 888.9 | 1,311 | 1,543 |
| Net income 1 | 67.6 | 1,518 | 1,052 | -35.79 | 783.5 | 1,114 | 1,412 |
| Net margin | 1.58% | 21.1% | 12.71% | -0.38% | 6.92% | 8.31% | 9.24% |
| EPS 2 | 0.0500 | 1.130 | 0.7400 | -0.0200 | 0.5824 | 0.7736 | 0.8886 |
| Free Cash Flow 1 | - | 19.96 | -1,346 | -797.7 | -275 | -175 | 396 |
| FCF margin | - | 0.28% | -16.26% | -8.54% | -2.43% | -1.31% | 2.59% |
| FCF Conversion (EBITDA) | - | 0.88% | - | - | - | - | 12.04% |
| FCF Conversion (Net income) | - | 1.31% | - | - | - | - | 28.05% |
| Dividend per Share 2 | 0.0160 | 0.1000 | 0.1000 | - | 0.1236 | 0.1709 | 0.1994 |
| Announcement Date | 3/12/21 | 3/28/22 | 3/30/23 | 4/8/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 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 | 1,972 | 2,001 | 2,184 | 2,059 | 2,038 | 2,066 | 2,409 | 2,424 | 2,440 | 2,465 | 2,846 | 2,934 | 3,063 | 3,120 | 3,527 |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | 532.6 | 516.7 | 517.1 | 610 | 655.5 |
| EBIT 1 | 932.4 | 303.5 | 384.1 | 189.5 | 316.5 | 233.7 | -293.6 | -184.6 | 195.7 | - | 286.1 | 287.3 | 266.3 | 349.3 | 394.9 |
| Operating Margin | 47.28% | 15.17% | 17.59% | 9.2% | 15.53% | 11.31% | -12.18% | -7.62% | 8.02% | - | 10.05% | 9.79% | 8.7% | 11.2% | 11.2% |
| Earnings before Tax (EBT) 1 | 927.6 | 303.1 | 383.7 | 190.2 | 315.3 | 233 | -293.6 | -188.7 | 192.5 | -85.62 | 254.1 | 246.9 | 244.2 | 306.3 | 346.3 |
| Net income 1 | 790.1 | 268.4 | 330.9 | 175 | 278 | 213.6 | -254.8 | -148 | 153.5 | -15.28 | 222.3 | 219.4 | 216.7 | 268.2 | 303.2 |
| Net margin | 40.07% | 13.42% | 15.15% | 8.5% | 13.64% | 10.34% | -10.58% | -6.11% | 6.29% | -0.62% | 7.81% | 7.48% | 7.08% | 8.6% | 8.6% |
| EPS 2 | 0.5800 | 0.1900 | 0.2300 | 0.1300 | 0.1900 | 0.1500 | -0.1800 | -0.1000 | 0.1100 | -0.009000 | 0.1000 | 0.1500 | 0.2100 | 0.1897 | 0.2020 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | 0.0500 | - | 0.1542 | - | - |
| Announcement Date | 3/28/22 | 4/29/22 | 8/22/22 | 10/28/22 | 3/30/23 | 4/28/23 | 8/18/23 | 10/26/23 | 4/8/24 | 4/29/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,038 | 1,138 | 3,213 | 163 | 4,742 | 5,194 | 5,197 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.741 x | 0.5026 x | 1.668 x | 0.188 x | 2.211 x | 1.903 x | 1.581 x |
| Free Cash Flow 1 | - | 20 | -1,346 | -798 | -275 | -175 | 396 |
| ROE (net income / shareholders' equity) | - | 30.8% | 15.3% | -0.47% | 7.26% | 9.57% | 9.59% |
| ROA (Net income/ Total Assets) | - | 12.8% | 6.85% | - | 3.5% | 3.8% | 5.3% |
| Assets 1 | - | 11,823 | 15,364 | - | 22,385 | 29,320 | 26,640 |
| Book Value Per Share 2 | - | 4.530 | 5.210 | 7.220 | 7.870 | 7.100 | 8.360 |
| Cash Flow per Share 2 | - | 0.7100 | 0.1400 | 0.1900 | 0.6000 | 0.6600 | 1.330 |
| Capex 1 | - | 940 | 1,550 | 1,115 | 812 | 1,252 | 1,295 |
| Capex / Sales | - | 13.06% | 18.72% | 11.93% | 7.17% | 9.34% | 8.47% |
| Announcement Date | 3/12/21 | 3/28/22 | 3/30/23 | 4/8/24 | - | - | - |
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
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
19.45
CNY
Average target price
22.15
CNY
Spread / Average Target
+13.88%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -14.81% | 4.56B | |
| +82.07% | 2,229B | |
| +35.24% | 641B | |
| +18.33% | 604B | |
| +4.07% | 250B | |
| +24.30% | 201B | |
| +6.96% | 166B | |
| +38.84% | 132B | |
| -40.64% | 131B | |
| +42.13% | 111B |
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