Financials NSFOCUS Technologies Group Co., Ltd.

Equities

300369

CNE100001S32

Software

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-14 pm EDT			5-day change	1st Jan Change
6.07 ^CNY	-2.10%		-9.67%	-35.63%

Apr. 30	Zhongdianke Chengdu nd CETC Investment Holdings Nominate New Board Candidate	CI
Apr. 24	NSFOCUS Technologies Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	14,462	12,195	12,413	7,907	7,465	4,956	-	-
Enterprise Value (EV) ¹	13,384	11,591	11,777	7,063	7,465	4,956	4,956	4,956
P/E ratio	64.7 x	40.2 x	36 x	255 x	-7.67 x	29.1 x	16.3 x	20 x
Yield	0.33%	0.51%	0.42%	0.78%	-	-	-	-
Capitalization / Revenue	8.65 x	6.07 x	4.76 x	3.01 x	4.44 x	1.72 x	1.49 x	1.76 x
EV / Revenue	8.65 x	6.07 x	4.76 x	3.01 x	4.44 x	1.72 x	1.49 x	1.76 x
EV / EBITDA	42 x	27.3 x	24.1 x	43.1 x	-	21.4 x	11 x	10.4 x
EV / FCF	-	-	-123,675,895 x	-	-	-	-	-
FCF Yield	-	-	-0%	-	-	-	-	-
Price to Book	4.27 x	3.49 x	3.48 x	2.23 x	2.75 x	1.78 x	1.27 x	1.57 x
Nbr of stocks (in thousands)	798,118	798,101	782,646	774,408	791,635	799,309	-	-
Reference price ²	18.12	15.28	15.86	10.21	9.430	6.200	6.200	6.200
Announcement Date	2/28/20	2/25/21	4/14/22	4/27/23	4/24/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,671	2,010	2,609	2,629	1,681	2,879	3,336	2,816
EBITDA ¹	344.5	447.1	515.7	183.6	-	232.1	449.8	476.5
EBIT ¹	238.9	335.8	383.3	28.01	-1,044	52.62	295.9	283.8
Operating Margin	14.3%	16.7%	14.69%	1.07%	-62.12%	1.83%	8.87%	10.08%
Earnings before Tax (EBT) ¹	236.1	333.3	375.9	18.77	-1,046	48.62	292.1	279.8
Net income ¹	226.5	301.1	344.5	28.37	-977.1	170.5	303.3	250.5
Net margin	13.55%	14.98%	13.21%	1.08%	-58.13%	5.92%	9.09%	8.89%
EPS ²	0.2800	0.3800	0.4400	0.0400	-1.230	0.2133	0.3800	0.3100
Free Cash Flow	-	-	-100.4	-	-	-	-	-
FCF margin	-	-	-3.85%	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0600	0.0780	0.0670	0.0800	-	-	-	-
Announcement Date	2/28/20	2/25/21	4/14/22	4/27/23	4/24/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1	2022 Q2	2022 S1
Net sales ¹	-	507.8	834.4
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income	-115	-	-
Net margin	-	-	-
EPS	-0.1440	-	-
Dividend per Share	-	-	-
Announcement Date	4/28/22	8/26/22	8/26/22

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	1,078	604	636	844	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-100	-	-	-	-	-
ROE (net income / shareholders' equity)	6.99%	8.68%	9.98%	0.78%	-30.6%	1.57%	7.43%	7.97%
ROA (Net income/ Total Assets)	5.72%	7.12%	7.54%	-	-	-1.9%	-	-
Assets ¹	3,957	4,228	4,569	-	-	-8,976	-	-
Book Value Per Share ²	4.240	4.380	4.550	4.580	3.430	3.490	4.870	3.950
Cash Flow per Share ²	0.4300	0.5600	0.1000	0.0800	-0.2500	0.2300	0.2800	0.1700
Capex ¹	175	171	176	250	241	77.9	78.1	92.9
Capex / Sales	10.46%	8.48%	6.75%	9.49%	14.37%	2.71%	2.34%	3.3%
Announcement Date	2/28/20	2/25/21	4/14/22	4/27/23	4/24/24	-	-	-

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

Ratings for NSFOCUS Technologies Group Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6.2 CNY

Average target price

10.73 CNY

Spread / Average Target

+73.06%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

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