Financials Linewell Software Co., Ltd.

Equities

603636

CNE100001VK8

Integrated Hardware & Software

End-of-day quote Shanghai S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
8.74 CNY +0.81% Intraday chart for Linewell Software Co., Ltd. -3.53% -31.83%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,967 5,447 5,188 7,974 7,440 5,072 - -
Enterprise Value (EV) 1 5,967 5,447 5,188 7,974 7,440 5,072 5,072 5,072
P/E ratio 29.1 x 23.8 x 38.9 x 57.3 x 128 x 32.4 x 24.3 x 19 x
Yield - - - - - 0.57% 0.57% 0.57%
Capitalization / Revenue 4.33 x - 3.02 x 4.58 x - 2.63 x 2.24 x 1.88 x
EV / Revenue 4.33 x - 3.02 x 4.58 x - 2.63 x 2.24 x 1.88 x
EV / EBITDA 19 x - 27.9 x 31 x - 15.7 x 13.4 x 11.3 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 3.17 x - 2.01 x 3.02 x - 1.82 x 1.7 x 1.57 x
Nbr of stocks (in thousands) 526,684 585,723 580,361 580,361 580,361 580,361 - -
Reference price 2 11.33 9.300 8.940 13.74 12.82 8.740 8.740 8.740
Announcement Date 2/10/20 1/26/21 4/27/22 4/19/23 4/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,379 - 1,716 1,740 - 1,928 2,260 2,693
EBITDA 1 314 - 186 257.4 - 323 378 448
EBIT 1 251.6 - 150.7 159.9 - 179 233 299
Operating Margin 18.24% - 8.78% 9.19% - 9.28% 10.31% 11.1%
Earnings before Tax (EBT) 1 255.6 - 149.3 158.9 - 177 232 297
Net income 1 213.5 224.9 135.5 137.9 56.29 161 210 270
Net margin 15.48% - 7.89% 7.93% - 8.35% 9.29% 10.03%
EPS 2 0.3900 0.3900 0.2300 0.2400 0.1000 0.2700 0.3600 0.4600
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - 0.0500 0.0500 0.0500
Announcement Date 2/10/20 1/26/21 4/27/22 4/19/23 4/29/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 11.7% - 5.22% 5.23% - 5.7% 6.9% 8.2%
ROA (Net income/ Total Assets) 6.27% - 2.98% 2.79% - 2.4% 2.8% 3.2%
Assets 1 3,405 - 4,546 4,944 - 6,708 7,500 8,438
Book Value Per Share 2 3.580 - 4.450 4.550 - 4.810 5.130 5.550
Cash Flow per Share 2 -0.2300 - -0.2600 0.0800 - 0.7100 0.2500 0.3100
Capex 1 - - 77.7 100 - 184 122 82
Capex / Sales - - 4.53% 5.76% - 9.54% 5.4% 3.04%
Announcement Date 2/10/20 1/26/21 4/27/22 4/19/23 4/29/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
8.74 CNY
Average target price
13.33 CNY
Spread / Average Target
+52.52%
Consensus

Annual profits - Rate of surprise

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