Financials Yangtze Optical Electronic Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-09 pm EDT			5-day change	1st Jan Change
22.63 ^CNY	-1.61%		-1.69%	-35.98%

Apr. 22	Yangtze Optical Electronic Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Mar. 21	Tranche Update on Yangtze Optical Electronic Co., Ltd.'s Equity Buyback Plan announced on February 8, 2024.	CI

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	4,389	4,340	2,769	-	-
Enterprise Value (EV) ¹	4,389	4,340	2,769	2,769	2,769
P/E ratio	31.5 x	295 x	30.4 x	20.2 x	14 x
Yield	-	-	1.02%	1.33%	-
Capitalization / Revenue	-	19.7 x	7.17 x	4.77 x	3.29 x
EV / Revenue	-	19.7 x	7.17 x	4.77 x	3.29 x
EV / EBITDA	-	112 x	23.9 x	15.8 x	11.5 x
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	-	3.56 x	2.12 x	1.9 x	1.68 x
Nbr of stocks (in thousands)	122,374	122,766	122,374	-	-
Reference price ²	35.86	35.35	22.63	22.63	22.63
Announcement Date	2/27/23	2/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	-	220.2	386.4	580.8	841.5
EBITDA ¹	-	38.82	115.9	175.3	240.4
EBIT ¹	-	18.95	99.84	149.3	211.5
Operating Margin	-	8.61%	25.84%	25.71%	25.13%
Earnings before Tax (EBT) ¹	-	13.83	98.66	147.8	209.3
Net income ¹	80.68	14.97	91.36	137.7	197.7
Net margin	-	6.8%	23.64%	23.72%	23.49%
EPS ²	1.140	0.1200	0.7450	1.122	1.613
Free Cash Flow	-	-	-	-	-
FCF margin	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share ²	-	-	0.2300	0.3000	-
Announcement Date	2/27/23	2/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-
Net Cash position	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow	-	-	-	-	-
ROE (net income / shareholders' equity)	-	1.26%	7.02%	9.62%	12.2%
ROA (Net income/ Total Assets)	-	1.13%	5.74%	8.64%	9.85%
Assets ¹	-	1,320	1,592	1,594	2,007
Book Value Per Share ²	-	9.930	10.70	11.90	13.40
Cash Flow per Share ²	-	0.1700	0.7700	0.8000	1.390
Capex ¹	-	84.8	121	166	134
Capex / Sales	-	38.52%	31.26%	28.65%	15.87%
Announcement Date	2/27/23	2/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

22.63 CNY

Average target price

32.81 CNY

Spread / Average Target

+44.98%

	1st Jan change	Capi.
YANGTZE OPTICAL ELECTRONIC CO., LTD.	-35.98%	383M
NVIDIA CORPORATION	+81.49%	2,212B
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED	+35.24%	641B
AMD (ADVANCED MICRO DEVICES)	+3.06%	246B
QUALCOMM, INC.	+25.89%	203B
TEXAS INSTRUMENTS INCORPORATED	+9.73%	170B
MICRON TECHNOLOGY, INC.	+42.07%	134B
INTEL CORPORATION	-40.60%	127B
ARM HOLDINGS PLC	+44.84%	112B
ANALOG DEVICES, INC.	+4.35%	103B