Financials Beijing eGOVA Co,. Ltd

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
15.66 ^CNY	-1.45%		-0.13%	-11.02%

Apr. 23	Beijing eGOVA Co,. Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 11	Beijing eGOVA Co,. Ltd Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,858	5,626	8,797	8,916	10,932	9,716	-	-
Enterprise Value (EV) ¹	4,858	5,626	8,797	8,916	10,932	9,716	9,716	9,716
P/E ratio	36.7 x	33.4 x	41.9 x	34.4 x	80 x	28 x	21.5 x	17.6 x
Yield	0.35%	0.34%	-	0.29%	0.28%	-	-	-
Capitalization / Revenue	3.86 x	3.98 x	-	5.84 x	9.01 x	5.73 x	4.59 x	3.83 x
EV / Revenue	3.86 x	3.98 x	-	5.84 x	9.01 x	5.73 x	4.59 x	3.83 x
EV / EBITDA	-	-	-	26.3 x	58.2 x	23.1 x	18.3 x	15.2 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2.06 x	1.81 x	-	2.34 x	2.69 x	2.21 x	2.01 x	1.8 x
Nbr of stocks (in thousands)	511,865	577,480	586,435	610,342	621,130	620,410	-	-
Reference price ²	9.492	9.742	15.00	14.61	17.60	15.66	15.66	15.66
Announcement Date	2/28/20	4/26/21	4/7/22	4/19/23	4/11/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,258	1,414	-	1,526	1,213	1,695	2,119	2,537
EBITDA ¹	-	-	-	339	187.7	420	530	641
EBIT ¹	141	168.7	-	280.7	132.5	371	480	590
Operating Margin	11.21%	11.93%	-	18.4%	10.92%	21.89%	22.65%	23.26%
Earnings before Tax (EBT) ¹	141	170.2	-	286.1	140.3	377	487	596
Net income ¹	130.7	158.7	206.7	254.6	134.4	348	452	555
Net margin	10.39%	11.22%	-	16.69%	11.08%	20.53%	21.33%	21.88%
EPS ²	0.2583	0.2917	0.3583	0.4250	0.2200	0.5600	0.7300	0.8900
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0333	0.0333	-	0.0417	0.0500	-	-	-
Announcement Date	2/28/20	4/26/21	4/7/22	4/19/23	4/11/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	5.74%	6.05%	-	6.98%	3.41%	7.9%	9.3%	10.3%
ROA (Net income/ Total Assets)	4.22%	4.43%	-	5.36%	-	6.4%	7.4%	8.1%
Assets ¹	3,099	3,584	-	4,748	-	5,438	6,108	6,852
Book Value Per Share ²	4.600	5.370	-	6.250	6.540	7.080	7.810	8.700
Cash Flow per Share ²	0.3600	0.3900	-	0.0900	0.2100	0.2200	0.0100	0.2000
Capex ¹	69.9	45.4	-	52	60.5	53	54	50
Capex / Sales	5.55%	3.21%	-	3.41%	4.99%	3.13%	2.55%	1.97%
Announcement Date	2/28/20	4/26/21	4/7/22	4/19/23	4/11/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

15.66 CNY

Average target price

22.39 CNY

Spread / Average Target

+42.98%

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