Financials 360 SECU Shanghai S.E.

Equities

601360

Internet Services

End-of-day quote Shanghai S.E. 5-day change 1st Jan Change
- CNY -.--% Intraday chart for 360 SECU -.--% -.--%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 159,023 106,263 90,889 45,777 63,066 58,446 -
Enterprise Value (EV) 1 139,560 81,655 71,648 22,996 63,066 34,570 32,958
P/E ratio 26.7 x 36.5 x 97.8 x -21.1 x -129 x 51.4 x 41.9 x
Yield 0.23% - 0.79% - - 0.05% 0.16%
Capitalization / Revenue 12.4 x 9.15 x 8.35 x 4.81 x 6.96 x 5.47 x 4.97 x
EV / Revenue 10.9 x 7.03 x 6.58 x 2.42 x 6.96 x 3.24 x 2.8 x
EV / EBITDA 18.5 x 21.7 x 42.2 x -11.8 x -258 x 55.8 x 33.8 x
EV / FCF - - -327,374,456 x - - - -
FCF Yield - - -0% - - - -
Price to Book 5.54 x 2.89 x 2.58 x 1.47 x - 1.78 x 1.71 x
Nbr of stocks (in thousands) 6,764,055 6,764,055 7,145,363 6,999,558 6,999,558 6,999,558 -
Reference price 2 23.51 15.71 12.72 6.540 9.010 8.350 8.350
Announcement Date 4/23/20 4/21/21 4/21/22 4/21/23 4/19/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 12,841 11,615 10,886 9,521 9,055 10,678 11,761
EBITDA 1 7,532 3,765 1,699 -1,948 -244.5 619.9 974.4
EBIT 1 7,189 3,397 1,158 -1,906 -437.9 1,046 1,343
Operating Margin 55.98% 29.25% 10.64% -20.02% -4.84% 9.8% 11.42%
Earnings before Tax (EBT) 1 7,217 3,374 1,231 -1,911 -192.3 1,385 1,706
Net income 1 5,980 2,913 902.2 -2,204 -492.5 1,159 1,434
Net margin 46.57% 25.08% 8.29% -23.14% -5.44% 10.85% 12.19%
EPS 2 0.8800 0.4300 0.1300 -0.3100 -0.0700 0.1624 0.1994
Free Cash Flow - - -218.9 - - - -
FCF margin - - -2.01% - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.0530 - 0.1000 - - 0.004540 0.0132
Announcement Date 4/23/20 4/21/21 4/21/22 4/21/23 4/19/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - -
Net Cash position 1 19,463 24,608 19,241 22,781 - 23,876 25,489
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - -219 - - - -
ROE (net income / shareholders' equity) 22.7% 8.89% 2.51% -6.6% - 3.49% 4.16%
ROA (Net income/ Total Assets) 19% - 2.09% -5.46% - 2.9% 3.3%
Assets 1 31,550 - 43,151 40,328 - 39,969 43,453
Book Value Per Share 2 4.240 5.440 4.930 4.440 - 4.680 4.870
Cash Flow per Share 2 0.4100 0.2900 0.0200 0.0800 - 0.1600 0.2300
Capex 1 664 558 384 454 - 800 720
Capex / Sales 5.17% 4.8% 3.53% 4.77% - 7.49% 6.12%
Announcement Date 4/23/20 4/21/21 4/21/22 4/21/23 4/19/24 - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
8.35 CNY
Average target price
7.4 CNY
Spread / Average Target
-11.38%
Consensus

Annual profits - Rate of surprise