Financials Shanghai United Imaging Healthcare Co., Ltd.

Equities

688271

CNE100005PN5

Advanced Medical Equipment & Technology

End-of-day quote Shanghai S.E. 06:00:00 2024-05-09 pm EDT 5-day change 1st Jan Change
131.5 CNY +0.57% Intraday chart for Shanghai United Imaging Healthcare Co., Ltd. -0.79% -4.01%

Valuation

Fiscal Period: December 2022 2023 2024 2025 2026
Capitalization 1 145,859 112,918 107,765 - -
Enterprise Value (EV) 1 135,816 105,394 98,467 97,187 95,128
P/E ratio 80.8 x 57.1 x 45.7 x 37.3 x 30.1 x
Yield 0.11% 0.18% 0.27% 0.28% 0.43%
Capitalization / Revenue 15.8 x 9.9 x 7.81 x 6.17 x 5.12 x
EV / Revenue 14.7 x 9.24 x 7.14 x 5.56 x 4.52 x
EV / EBITDA 61.7 x 42.7 x 37.9 x 29.6 x 24.5 x
EV / FCF -2,391 x -112 x 58.9 x 55.4 x 36.1 x
FCF Yield -0.04% -0.89% 1.7% 1.8% 2.77%
Price to Book 8.34 x 5.99 x 5.16 x 4.65 x 3.96 x
Nbr of stocks (in thousands) 824,158 824,158 819,441 - -
Reference price 2 177.0 137.0 131.5 131.5 131.5
Announcement Date 2/27/23 2/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 - 9,238 11,411 13,799 17,467 21,062
EBITDA 1 - 2,201 2,467 2,596 3,282 3,876
EBIT 1 - 1,928 2,142 2,629 3,327 3,994
Operating Margin - 20.87% 18.77% 19.05% 19.05% 18.96%
Earnings before Tax (EBT) 1 - 1,920 2,142 2,684 3,350 4,129
Net income 1 1,417 1,656 1,974 2,366 2,902 3,588
Net margin - 17.93% 17.3% 17.15% 16.62% 17.04%
EPS 2 1.960 2.190 2.400 2.876 3.529 4.376
Free Cash Flow 1 - -56.8 -943.2 1,672 1,754 2,634
FCF margin - -0.61% -8.27% 12.12% 10.04% 12.51%
FCF Conversion (EBITDA) - - - 64.42% 53.42% 67.97%
FCF Conversion (Net income) - - - 70.69% 60.42% 73.42%
Dividend per Share 2 - 0.2010 0.2500 0.3575 0.3717 0.5600
Announcement Date 7/28/22 2/27/23 2/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,687 3,380 2,213 3,058 5,271 2,161 3,978 2,350 3,438 2,798 5,196 3,043 -
EBITDA - - - - - - - - - - - - -
EBIT -65.84 908.4 363.2 348.5 577.8 117.4 - 400.4 - - - - -
Operating Margin -3.9% 26.88% 16.41% 11.39% 10.96% 5.43% - 17.04% - - - - -
Earnings before Tax (EBT) - - - 687.7 1,047 119.2 - 399.7 - - - - -
Net income - - - 608.1 937.8 126.5 - - - - - - -
Net margin - - - 19.88% 17.79% 5.85% - - - - - - -
EPS 2 - - - - - - - 0.4400 0.8500 0.4500 1.140 0.6600 0.9900
Dividend per Share - - - - - - - - - - - - -
Announcement Date 10/28/22 2/27/23 4/27/23 8/18/23 8/18/23 10/27/23 2/27/24 4/27/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - -
Net Cash position 1 - 10,043 7,524 9,298 10,578 12,636
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - -56.8 -943 1,673 1,754 2,635
ROE (net income / shareholders' equity) - 17.5% 10.8% 11.8% 12.7% 14.4%
ROA (Net income/ Total Assets) - 9.58% 7.97% 9.17% 9.55% 11.5%
Assets 1 - 17,283 24,770 25,811 30,389 31,201
Book Value Per Share 2 - 21.20 22.90 25.50 28.30 33.20
Cash Flow per Share 2 - 0.8300 0.1600 2.340 3.530 3.620
Capex 1 - 740 1,076 693 936 628
Capex / Sales - 8.01% 9.43% 5.02% 5.36% 2.98%
Announcement Date 7/28/22 2/27/23 2/27/24 - - -
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
13
Last Close Price
131.5 CNY
Average target price
155 CNY
Spread / Average Target
+17.89%
Consensus
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