Financials Neusoft Corporation

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-28 pm EDT			5-day change	1st Jan Change
8.58 ^CNY	+4.00%		+12.75%	-7.24%

01:06pm	Neusoft Corporation Launches OneCoreGo® Global In-Vehicle Intelligent Mobility Solutions 5.0	CI
Apr. 23	Neusoft Corporation 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	13,931	12,518	16,306	12,012	11,054	10,255	-	-
Enterprise Value (EV) ¹	13,931	12,518	16,306	12,012	11,054	10,255	10,255	10,255
P/E ratio	378 x	94.6 x	14 x	-34.3 x	154 x	33 x	22.9 x	17.3 x
Yield	-	-	-	-	1.41%	0.47%	0.58%	-
Capitalization / Revenue	1.67 x	1.64 x	1.87 x	1.27 x	1.05 x	0.85 x	0.71 x	0.55 x
EV / Revenue	1.67 x	1.64 x	1.87 x	1.27 x	1.05 x	0.85 x	0.71 x	0.55 x
EV / EBITDA	70.8 x	37.1 x	10.6 x	453 x	27.3 x	13.1 x	10.5 x	8.32 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.61 x	1.55 x	1.76 x	1.32 x	1.19 x	1.08 x	1.03 x	0.99 x
Nbr of stocks (in thousands)	1,227,388	1,202,536	1,202,536	1,207,254	1,194,981	1,195,187	-	-
Reference price ²	11.35	10.41	13.56	9.950	9.250	8.580	8.580	8.580
Announcement Date	4/29/20	4/28/21	4/28/22	4/16/23	4/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	8,366	7,622	8,735	9,466	10,544	12,125	14,501	18,478
EBITDA ¹	196.9	337.5	1,545	26.53	405.4	784.3	981	1,233
EBIT ¹	-114.8	-54.96	1,158	-325.1	91.42	367.1	531.3	732.9
Operating Margin	-1.37%	-0.72%	13.26%	-3.43%	0.87%	3.03%	3.66%	3.97%
Earnings before Tax (EBT) ¹	-108.9	20.17	1,156	-331.7	92.52	367.2	531.3	730.3
Net income ¹	37.18	131.2	1,173	-342.9	73.91	316.6	456.7	601.7
Net margin	0.44%	1.72%	13.43%	-3.62%	0.7%	2.61%	3.15%	3.26%
EPS ²	0.0300	0.1100	0.9700	-0.2900	0.0600	0.2600	0.3750	0.4950
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	0.1300	0.0400	0.0500	-
Announcement Date	4/29/20	4/28/21	4/28/22	4/16/23	4/23/24	-	-	-

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)	0.43%	1.57%	13.2%	-3.62%	0.79%	3.25%	4.49%	5.57%
ROA (Net income/ Total Assets)	0.27%	0.85%	6.76%	-1.84%	-	1.46%	1.93%	-
Assets ¹	14,031	15,470	17,356	18,589	-	21,757	23,695	-
Book Value Per Share ²	7.040	6.730	7.710	7.550	7.800	7.940	8.310	8.680
Cash Flow per Share ²	0.3300	0.4500	0.6300	0.5500	0.6600	0.8200	0.7800	0.2600
Capex ¹	454	331	298	736	358	539	575	814
Capex / Sales	5.43%	4.35%	3.41%	7.77%	3.39%	4.44%	3.97%	4.4%
Announcement Date	4/29/20	4/28/21	4/28/22	4/16/23	4/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8.58 CNY

Average target price

11.4 CNY

Spread / Average Target

+32.84%

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