UNIGROUP GUOXIN MICROELECTRONICS CO., LTD.

Financials Unigroup Guoxin Microelectronics Co., Ltd.

Equities

002049

CNE000001M14

Semiconductors

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-07 pm EDT			5-day change	1st Jan Change
56.68 ^CNY	-3.29%		-3.11%	-15.97%

Apr. 25	Unigroup Guoxin Microelectronics Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 18	Unigroup Guoxin Microelectronics' 2023 Profit Falls 4%, Operating Income Rises 6%	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	30,851	81,198	136,534	111,995	56,875	47,794	-	-
Enterprise Value (EV) ¹	30,301	80,528	136,534	109,734	55,726	41,104	40,474	38,421
P/E ratio	76 x	101 x	69.9 x	42.7 x	22.6 x	18.3 x	12.1 x	11.6 x
Yield	0.13%	0.1%	0.14%	-	1.01%	0.51%	0.98%	1.21%
Capitalization / Revenue	8.99 x	24.8 x	25.6 x	15.7 x	7.52 x	6.16 x	4.36 x	4.18 x
EV / Revenue	8.83 x	24.6 x	25.6 x	15.4 x	7.37 x	5.3 x	3.69 x	3.36 x
EV / EBITDA	51.3 x	70.8 x	58.8 x	34.3 x	19.2 x	14.4 x	11.2 x	8.71 x
EV / FCF	-	-	-	-	36.6 x	14.8 x	10.6 x	-
FCF Yield	-	-	-	-	2.73%	6.75%	9.47%	-
Price to Book	7.37 x	16.4 x	18.8 x	11.8 x	4.99 x	3.55 x	2.65 x	2.35 x
Nbr of stocks (in thousands)	849,544	849,544	849,544	849,608	843,223	843,225	-	-
Reference price ²	36.31	95.58	160.7	131.8	67.45	56.68	56.68	56.68
Announcement Date	2/27/20	4/15/21	4/11/22	3/29/23	4/17/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,430	3,270	5,342	7,120	7,565	7,760	10,967	11,421
EBITDA ¹	590.5	1,137	2,322	3,198	2,896	2,861	3,601	4,411
EBIT ¹	457.7	940.3	2,141	2,882	2,720	2,903	4,019	4,163
Operating Margin	13.34%	28.75%	40.07%	40.48%	35.95%	37.41%	36.65%	36.45%
Earnings before Tax (EBT) ¹	456.2	936.5	2,176	2,881	2,720	2,830	4,272	4,531
Net income ¹	405.8	806.4	1,954	2,632	2,531	2,625	4,121	4,170
Net margin	11.83%	24.66%	36.57%	36.97%	33.45%	33.83%	37.58%	36.51%
EPS ²	0.4776	0.9492	2.300	3.090	2.989	3.090	4.688	4.907
Free Cash Flow ¹	-	-	-	-	1,522	2,776	3,831	-
FCF margin	-	-	-	-	20.12%	35.77%	34.93%	-
FCF Conversion (EBITDA)	-	-	-	-	52.55%	97.02%	106.39%	-
FCF Conversion (Net income)	-	-	-	-	60.15%	105.75%	92.96%	-
Dividend per Share ²	0.0486	0.0964	0.2321	-	0.6800	0.2900	0.5550	0.6833
Announcement Date	2/27/20	4/15/21	4/11/22	3/29/23	4/17/24	-	-	-

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	550	670	-	2,261	1,149	6,690	7,320	9,373
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	-	1,522	2,776	3,831	-
ROE (net income / shareholders' equity)	10.2%	17.7%	31.9%	31.1%	23.8%	18.7%	21.3%	20%
ROA (Net income/ Total Assets)	-	11.5%	20.3%	17.2%	-	13.6%	14.3%	14.8%
Assets ¹	-	7,014	9,610	15,329	-	19,301	28,729	28,250
Book Value Per Share ²	4.930	5.840	8.530	11.20	13.50	16.00	21.40	24.10
Cash Flow per Share ²	0.3100	0.4900	1.400	2.030	2.090	2.840	2.700	3.610
Capex ¹	513	550	415	306	250	334	334	326
Capex / Sales	14.95%	16.81%	7.77%	4.3%	3.3%	4.31%	3.05%	2.86%
Announcement Date	2/27/20	4/15/21	4/11/22	3/29/23	4/17/24	-	-	-

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 Unigroup Guoxin Microelectronics Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

56.68 CNY

Average target price

78.86 CNY

Spread / Average Target

+39.13%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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