Financials Daheng New Epoch Technology Inc.

Equities

600288

CNE0000015K9

IT Services & Consulting

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
8.11 CNY -0.73% Intraday chart for Daheng New Epoch Technology Inc. +7.70% -28.73%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,014 5,119 4,455 5,849 5,298 4,971
Enterprise Value (EV) 1 2,590 4,677 3,918 5,314 4,812 4,324
P/E ratio 59.5 x 70.1 x 77.9 x 63.6 x 76.2 x 99.6 x
Yield 0.17% 0.07% 0.1% 0.47% 0.07% 0.11%
Capitalization / Revenue 0.9 x 1.55 x 1.92 x 2.31 x 2.28 x 2.13 x
EV / Revenue 0.77 x 1.41 x 1.69 x 2.09 x 2.07 x 1.85 x
EV / EBITDA 29.1 x 28.8 x 74.5 x 1,424 x 304 x -120 x
EV / FCF -266 x 196 x 56.3 x 464 x -77.2 x 56.9 x
FCF Yield -0.38% 0.51% 1.78% 0.22% -1.3% 1.76%
Price to Book 1.94 x 3.12 x 2.63 x 3.28 x 2.9 x 2.65 x
Nbr of stocks (in thousands) 436,800 436,800 436,800 436,800 436,800 436,800
Reference price 2 6.900 11.72 10.20 13.39 12.13 11.38
Announcement Date 4/2/19 4/27/20 4/15/21 4/19/22 4/25/23 3/28/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,342 3,306 2,315 2,537 2,322 2,332
EBITDA 1 89.03 162.3 52.55 3.731 15.82 -36.06
EBIT 1 48.88 123.1 12.57 -36.47 -17.44 -80.05
Operating Margin 1.46% 3.72% 0.54% -1.44% -0.75% -3.43%
Earnings before Tax (EBT) 1 116.2 142.6 69.8 82.18 78.01 39.45
Net income 1 50.64 73.09 57.23 91.94 69.54 49.91
Net margin 1.52% 2.21% 2.47% 3.62% 2.99% 2.14%
EPS 2 0.1159 0.1673 0.1310 0.2105 0.1592 0.1143
Free Cash Flow 1 -9.748 23.91 69.61 11.45 -62.35 75.96
FCF margin -0.29% 0.72% 3.01% 0.45% -2.69% 3.26%
FCF Conversion (EBITDA) - 14.73% 132.45% 306.8% - -
FCF Conversion (Net income) - 32.71% 121.63% 12.45% - 152.2%
Dividend per Share 2 0.0120 0.008000 0.0100 0.0632 0.008000 0.0120
Announcement Date 4/2/19 4/27/20 4/15/21 4/19/22 4/25/23 3/28/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 424 442 538 534 486 646
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -9.75 23.9 69.6 11.4 -62.4 76
ROE (net income / shareholders' equity) 3.69% 5.97% 4.03% 3.38% 2.98% 0.83%
ROA (Net income/ Total Assets) 0.97% 2.38% 0.23% -0.64% -0.31% -1.45%
Assets 1 5,237 3,065 25,056 -14,397 -22,747 -3,432
Book Value Per Share 2 3.560 3.750 3.880 4.090 4.180 4.290
Cash Flow per Share 2 1.300 1.350 1.410 1.380 0.9300 1.630
Capex 1 41.2 14.8 16.4 22.6 11.7 2.21
Capex / Sales 1.23% 0.45% 0.71% 0.89% 0.5% 0.09%
Announcement Date 4/2/19 4/27/20 4/15/21 4/19/22 4/25/23 3/28/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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