Financials Gohigh Networks Co.,Ltd

Equities

000851

CNE0000009Q9

Computer Hardware

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
4.33 CNY +3.59% Intraday chart for Gohigh Networks Co.,Ltd +6.13% -26.24%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 5,558 4,320 5,246 6,753 6,817 5,602
Enterprise Value (EV) 1 5,624 4,723 6,231 7,799 6,777 5,005
P/E ratio 30.4 x 127 x 227 x -53.9 x 415 x 248 x
Yield - - 0.35% - - -
Capitalization / Revenue 0.62 x 0.47 x 0.46 x 0.96 x 0.8 x 0.82 x
EV / Revenue 0.63 x 0.51 x 0.55 x 1.11 x 0.79 x 0.73 x
EV / EBITDA 44.1 x 24.8 x -69.9 x -92.1 x -118 x -70.8 x
EV / FCF -10.3 x -4.65 x -4.56 x 13.3 x -865 x 85 x
FCF Yield -9.66% -21.5% -21.9% 7.51% -0.12% 1.18%
Price to Book 1.57 x 1.3 x 1.58 x 2.13 x 1.52 x 1.26 x
Nbr of stocks (in thousands) 911,155 907,630 907,630 907,630 1,140,032 1,164,752
Reference price 2 6.100 4.760 5.780 7.440 5.980 4.810
Announcement Date 3/26/18 4/22/19 4/27/20 4/14/21 4/13/22 4/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 8,976 9,265 11,410 7,018 8,548 6,858
EBITDA 1 127.6 190.1 -89.17 -84.66 -57.21 -70.72
EBIT 1 99.4 165.4 -112 -110.1 -96.17 -107.8
Operating Margin 1.11% 1.79% -0.98% -1.57% -1.13% -1.57%
Earnings before Tax (EBT) 1 244.4 94.59 33.76 -135.9 40.45 57.56
Net income 1 179.3 33.96 23.12 -121.6 15.36 22.34
Net margin 2% 0.37% 0.2% -1.73% 0.18% 0.33%
EPS 2 0.2008 0.0374 0.0255 -0.1380 0.0144 0.0194
Free Cash Flow 1 -543.6 -1,015 -1,366 585.4 -7.835 58.89
FCF margin -6.06% -10.95% -11.98% 8.34% -0.09% 0.86%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - 263.62%
Dividend per Share - - 0.0200 - - -
Announcement Date 3/26/18 4/22/19 4/27/20 4/14/21 4/13/22 4/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 2.059
Net margin -
EPS 2 0.001800
Dividend per Share -
Announcement Date 4/28/22
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 66.3 402 985 1,047 - -
Net Cash position 1 - - - - 40.2 597
Leverage (Debt/EBITDA) 0.5198 x 2.117 x -11.05 x -12.36 x - -
Free Cash Flow 1 -544 -1,015 -1,366 585 -7.84 58.9
ROE (net income / shareholders' equity) 5.57% 1.58% 0.52% -3.68% 0.81% 0.86%
ROA (Net income/ Total Assets) 0.78% 1.22% -0.77% -0.71% -0.61% -0.67%
Assets 1 22,985 2,777 -2,983 17,083 -2,531 -3,349
Book Value Per Share 2 3.890 3.660 3.660 3.490 3.940 3.820
Cash Flow per Share 2 2.370 1.880 0.6200 1.210 1.580 1.710
Capex 1 304 130 92.7 208 172 187
Capex / Sales 3.38% 1.41% 0.81% 2.96% 2.01% 2.72%
Announcement Date 3/26/18 4/22/19 4/27/20 4/14/21 4/13/22 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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