Financials Jilin Sino-Microelectronics Co., Ltd.

Equities

600360

CNE0000017L3

Semiconductors

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
6.2 CNY +2.14% Intraday chart for Jilin Sino-Microelectronics Co., Ltd. +9.54% -14.25%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 5,998 3,863 6,353 7,980 8,719 6,328
Enterprise Value (EV) 1 5,716 3,468 5,587 8,155 9,795 7,377
P/E ratio 61.4 x 36.7 x 94.1 x 208 x 75.7 x 110 x
Yield 0.25% 0.68% 0.38% 0.18% 0.41% 0.28%
Capitalization / Revenue 3.67 x 2.26 x 3.83 x 4.64 x 3.95 x 3.24 x
EV / Revenue 3.5 x 2.03 x 3.37 x 4.75 x 4.43 x 3.78 x
EV / EBITDA 21.1 x 12.6 x 23.9 x 38.2 x 31.4 x 25.8 x
EV / FCF 61.1 x 34.5 x -10.9 x -9.06 x -17.4 x -53.6 x
FCF Yield 1.64% 2.9% -9.18% -11% -5.76% -1.87%
Price to Book 2.61 x 1.72 x 2.04 x 2.56 x 2.71 x 1.95 x
Nbr of stocks (in thousands) 751,588 751,588 963,971 960,295 960,295 960,295
Reference price 2 7.980 5.140 6.590 8.310 9.080 6.590
Announcement Date 2/9/18 4/26/19 4/29/20 4/28/21 4/28/22 4/27/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,635 1,709 1,656 1,719 2,210 1,953
EBITDA 1 270.8 276.2 233.8 213.5 311.5 286.4
EBIT 1 144.2 149.3 113.7 103.6 188.8 126.9
Operating Margin 8.82% 8.73% 6.87% 6.03% 8.54% 6.5%
Earnings before Tax (EBT) 1 104.3 119.6 61.25 30.61 117.9 52.48
Net income 1 94.85 106 65 34.18 115.7 57.75
Net margin 5.8% 6.2% 3.92% 1.99% 5.24% 2.96%
EPS 2 0.1300 0.1400 0.0700 0.0400 0.1200 0.0600
Free Cash Flow 1 93.53 100.5 -512.6 -900.4 -564.5 -137.7
FCF margin 5.72% 5.88% -30.95% -52.39% -25.54% -7.05%
FCF Conversion (EBITDA) 34.53% 36.39% - - - -
FCF Conversion (Net income) 98.6% 94.82% - - - -
Dividend per Share 2 0.0200 0.0350 0.0250 0.0150 0.0370 0.0185
Announcement Date 2/9/18 4/26/19 4/29/20 4/28/21 4/28/22 4/27/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - 175 1,076 1,049
Net Cash position 1 281 395 766 - - -
Leverage (Debt/EBITDA) - - - 0.821 x 3.454 x 3.661 x
Free Cash Flow 1 93.5 101 -513 -900 -565 -138
ROE (net income / shareholders' equity) 4.6% 4.93% 2.29% 1.08% 3.66% 1.85%
ROA (Net income/ Total Assets) 2.32% 2.2% 1.4% 1.09% 1.77% 1.16%
Assets 1 4,087 4,809 4,635 3,133 6,520 4,983
Book Value Per Share 2 3.060 2.990 3.220 3.250 3.350 3.380
Cash Flow per Share 2 2.270 2.350 2.570 1.770 1.550 1.490
Capex 1 58.3 187 667 1,091 997 325
Capex / Sales 3.56% 10.95% 40.29% 63.47% 45.11% 16.63%
Announcement Date 2/9/18 4/26/19 4/29/20 4/28/21 4/28/22 4/27/23
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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