Financials State Power Rixin Technology Co., Ltd.

Equities

301162

CNE100005CG7

Software

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-19 pm EDT			5-day change	1st Jan Change
44.18 ^CNY	+0.27%		-9.00%	-14.84%

May. 10	State Power Rixin Technology Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 17 May 2024	CI
Apr. 29	Certain A Shares of State Power Rixin Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 29-APR-2024.	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	6,226	5,149	4,385	-	-
Enterprise Value (EV) ¹	6,226	4,434	4,385	4,385	4,385
P/E ratio	85.3 x	62.5 x	39.9 x	28.5 x	22.9 x
Yield	0.63%	0.87%	0.81%	1.04%	1.78%
Capitalization / Revenue	17.3 x	11.3 x	7.56 x	5.88 x	4.67 x
EV / Revenue	17.3 x	11.3 x	7.56 x	5.88 x	4.67 x
EV / EBITDA	90.6 x	53.6 x	36.8 x	27.6 x	23.4 x
EV / FCF	-	161,322,620 x	-	-	-
FCF Yield	-	0%	-	-	-
Price to Book	6.19 x	4.8 x	3.86 x	3.47 x	3.19 x
Nbr of stocks (in thousands)	99,250	99,250	99,250	-	-
Reference price ²	62.73	51.88	44.18	44.18	44.18
Announcement Date	4/11/23	4/12/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	359.5	456.2	579.7	745.4	938
EBITDA ¹	-	68.75	96.13	119.3	158.8	187.8
EBIT ¹	-	65.57	83.37	111.3	157.8	198.9
Operating Margin	-	18.24%	18.27%	19.2%	21.17%	21.21%
Earnings before Tax (EBT) ¹	-	65.57	83.47	111.3	157.8	199
Net income ¹	59.18	67.08	84.25	109.9	153.7	191.2
Net margin	-	18.66%	18.47%	18.97%	20.62%	20.38%
EPS ²	0.7929	0.7357	0.8300	1.108	1.548	1.927
Free Cash Flow	-	-	31.92	-	-	-
FCF margin	-	-	7%	-	-	-
FCF Conversion (EBITDA)	-	-	33.2%	-	-	-
FCF Conversion (Net income)	-	-	37.89%	-	-	-
Dividend per Share ²	-	0.3929	0.4500	0.3580	0.4580	0.7850
Announcement Date	4/27/22	4/11/23	4/12/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q2	2022 S1	2022 Q3	2023 S1
Net sales ¹	80.12	140.7	79.09	-
EBITDA	-	-	-	-
EBIT	-	-	-	-
Operating Margin	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-
Net income	15.77	21.07	-	33.15
Net margin	19.68%	14.97%	-	-
EPS	-	-	-	0.3300
Dividend per Share	-	-	-	-
Announcement Date	8/28/22	8/28/22	10/24/22	8/17/23

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	715	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	31.9	-	-	-
ROE (net income / shareholders' equity)	-	9.03%	8.14%	9.98%	12.3%	14.1%
ROA (Net income/ Total Assets)	-	8.03%	-	8.05%	9.16%	9.69%
Assets ¹	-	835	-	1,366	1,678	1,972
Book Value Per Share ²	-	10.10	10.80	11.40	12.70	13.80
Cash Flow per Share ²	-	0.6000	0.6800	0.4100	0.8900	1.060
Capex ¹	-	5.9	35.3	25.5	20.9	25.4
Capex / Sales	-	1.64%	7.75%	4.4%	2.81%	2.71%
Announcement Date	4/27/22	4/11/23	4/12/24	-	-	-

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 State Power Rixin Technology Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

44.18 CNY

Average target price

60.8 CNY

Spread / Average Target

+37.63%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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