Financials ENC Digital Technology Co., Ltd

Equities

603869

CNE1000022C0

IT Services & Consulting

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
7.55 CNY +2.03% Intraday chart for ENC Digital Technology Co., Ltd +9.26% -20.02%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 7,409 5,246 5,955 4,853 4,988 4,161
Enterprise Value (EV) 1 7,573 5,985 7,261 4,822 3,892 3,061
P/E ratio 27.6 x 13.9 x 27.7 x 325 x 251 x 210 x
Yield 1.18% 2.18% - 0.1% 0.15% -
Capitalization / Revenue 2.95 x 1.73 x 1.84 x 6.07 x 5.33 x 4.32 x
EV / Revenue 3.01 x 1.97 x 2.25 x 6.03 x 4.15 x 3.18 x
EV / EBITDA 18 x 11.6 x 16.4 x 430 x 51.5 x 151 x
EV / FCF -11.4 x -5.84 x -106 x -16.1 x 3.67 x 28.2 x
FCF Yield -8.79% -17.1% -0.94% -6.22% 27.2% 3.55%
Price to Book 2.02 x 1.33 x 1.5 x 1.22 x 1.25 x 1.06 x
Nbr of stocks (in thousands) 505,769 505,769 499,591 497,766 497,766 495,355
Reference price 2 14.65 10.37 11.92 9.750 10.02 8.400
Announcement Date 4/11/18 4/19/19 4/24/20 4/9/21 4/19/22 4/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 2,512 3,032 3,228 799.5 936.6 962.9
EBITDA 1 421.7 517.2 442 11.22 75.51 20.22
EBIT 1 339.7 423.3 306.9 -143 -6.143 -62.17
Operating Margin 13.52% 13.96% 9.51% -17.88% -0.66% -6.46%
Earnings before Tax (EBT) 1 340.7 435.2 228.2 20.84 8.795 8.779
Net income 1 269.6 377.8 214.7 16.95 22.21 17.87
Net margin 10.73% 12.46% 6.65% 2.12% 2.37% 1.86%
EPS 2 0.5310 0.7448 0.4300 0.0300 0.0400 0.0400
Free Cash Flow 1 -665.7 -1,024 -68.19 -300 1,060 108.7
FCF margin -26.5% -33.78% -2.11% -37.52% 113.13% 11.29%
FCF Conversion (EBITDA) - - - - 1,403.18% 537.55%
FCF Conversion (Net income) - - - - 4,771.48% 608.25%
Dividend per Share 2 0.1724 0.2266 - 0.0100 0.0150 -
Announcement Date 4/11/18 4/19/19 4/24/20 4/9/21 4/19/22 4/28/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 164 739 1,305 - - -
Net Cash position 1 - - - 30.9 1,096 1,100
Leverage (Debt/EBITDA) 0.3892 x 1.428 x 2.953 x - - -
Free Cash Flow 1 -666 -1,024 -68.2 -300 1,060 109
ROE (net income / shareholders' equity) 7.48% 9.41% 5.51% -0.59% 0.68% 0.5%
ROA (Net income/ Total Assets) 3.74% 4.04% 2.73% -1.32% -0.07% -0.78%
Assets 1 7,203 9,344 7,876 -1,285 -33,343 -2,295
Book Value Per Share 2 7.250 7.820 7.930 7.960 8.000 7.910
Cash Flow per Share 2 2.150 1.820 1.520 3.560 3.500 3.090
Capex 1 737 474 359 372 81.2 46.4
Capex / Sales 29.35% 15.62% 11.13% 46.51% 8.67% 4.82%
Announcement Date 4/11/18 4/19/19 4/24/20 4/9/21 4/19/22 4/28/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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