VANCHIP (TIANJIN) TECHNOLOGY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 49.42 CNY | +0.86% |
|
-6.79% | -24.55% |
| Apr. 25 | Vanchip Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Mar. 18 | Vanchip Technology Co., Ltd.(XSSC:688153) added to FTSE All-World Index | CI |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 15,009 | 27,390 | 20,673 | - | - |
| Enterprise Value (EV) 1 | 12,660 | 24,393 | 17,670 | 16,303 | 20,673 |
| P/E ratio | 262 x | 243 x | 49.3 x | 37.9 x | 30.9 x |
| Yield | - | 0.08% | 0.67% | 1.35% | 0.65% |
| Capitalization / Revenue | 6.56 x | 9.19 x | 5.52 x | 4.25 x | 3.95 x |
| EV / Revenue | 5.53 x | 8.18 x | 4.72 x | 3.35 x | 3.95 x |
| EV / EBITDA | 77.5 x | 102 x | 32.4 x | 16.3 x | 22.5 x |
| EV / FCF | - | 40 x | 78.5 x | 47.3 x | 42.5 x |
| FCF Yield | - | 2.5% | 1.27% | 2.12% | 2.35% |
| Price to Book | - | 6.79 x | 4.15 x | 3.77 x | 3.3 x |
| Nbr of stocks (in thousands) | 408,619 | 418,165 | 418,317 | - | - |
| Reference price 2 | 36.73 | 65.50 | 49.42 | 49.42 | 49.42 |
| Announcement Date | 2/26/23 | 2/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 2,288 | 2,982 | 3,744 | 4,868 | 5,228 |
| EBITDA 1 | - | 163.3 | 239.3 | 545.9 | 1,000 | 917 |
| EBIT 1 | - | 89.12 | 136.1 | 473.7 | 619.5 | 750.3 |
| Operating Margin | - | 3.9% | 4.56% | 12.65% | 12.73% | 14.35% |
| Earnings before Tax (EBT) 1 | - | 92.75 | 124.3 | 475.8 | 618 | 745 |
| Net income 1 | -68.66 | 53.39 | 112.3 | 415.1 | 546.1 | 668.8 |
| Net margin | - | 2.33% | 3.77% | 11.09% | 11.22% | 12.79% |
| EPS 2 | -0.1900 | 0.1400 | 0.2700 | 1.002 | 1.302 | 1.600 |
| Free Cash Flow 1 | - | - | 609.7 | 225 | 345 | 486 |
| FCF margin | - | - | 20.45% | 6.01% | 7.09% | 9.3% |
| FCF Conversion (EBITDA) | - | - | 254.74% | 41.21% | 34.49% | 53% |
| FCF Conversion (Net income) | - | - | 542.97% | 54.2% | 63.17% | 72.67% |
| Dividend per Share 2 | - | - | 0.0550 | 0.3300 | 0.6650 | 0.3200 |
| Announcement Date | 4/10/22 | 2/26/23 | 2/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 465.9 | 510.4 | 318 | 572.9 | 719.7 | 1,371 | 461.3 | 827.3 | 1,172 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 20.2 | -3.03 | -89.49 | 28.76 | 45.4 | 151.4 | -3.499 | 88.54 | 248.5 |
| Operating Margin | 4.33% | -0.59% | -28.14% | 5.02% | 6.31% | 11.05% | -0.76% | 10.7% | 21.2% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.0779 | -0.009100 | -0.2000 | 0.0300 | 0.1400 | 0.3000 | -0.0100 | 0.1900 | 0.5100 |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/27/22 | 2/26/23 | 4/26/23 | 8/30/23 | 10/26/23 | 2/24/24 | 4/25/24 | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | - | 2,348 | 2,997 | 3,003 | 4,371 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 610 | 225 | 345 | 486 |
| ROE (net income / shareholders' equity) | - | - | 2.84% | 6.89% | 10.3% | 11.2% |
| ROA (Net income/ Total Assets) | - | - | - | 4.4% | 6.9% | 7.5% |
| Assets 1 | - | - | - | 9,434 | 7,915 | 8,917 |
| Book Value Per Share 2 | - | - | 9.650 | 11.90 | 13.10 | 15.00 |
| Cash Flow per Share 2 | - | - | 1.780 | 1.310 | 4.080 | 1.550 |
| Capex 1 | - | - | 134 | 121 | 310 | 214 |
| Capex / Sales | - | - | 4.5% | 3.23% | 6.36% | 4.1% |
| Announcement Date | 4/10/22 | 2/26/23 | 2/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
49.42
CNY
Average target price
76.5
CNY
Spread / Average Target
+54.80%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -24.55% | 2.86B | |
| +14.78% | 57.58B | |
| -16.72% | 15.02B | |
| +16.63% | 11.4B | |
| +23.57% | 8.83B | |
| +4.26% | 8.68B | |
| +46.52% | 8.59B | |
| -9.47% | 8.21B | |
| -11.58% | 7.71B | |
| -14.44% | 6.74B |
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- Financials Vanchip (Tianjin) Technology Co., Ltd.