Projected Income Statement: Maxscend Microelectronics Company Limited

Forecast Balance Sheet: Maxscend Microelectronics Company Limited

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -2,659 -1,272 -999 1,127 1,670 -1,747 -1,903 -2,490
Change - 52.16% 21.46% 212.81% 48.18% -204.61% -8.93% -30.85%
Announcement Date 22/02/22 24/02/23 27/02/24 21/02/25 06/03/26 - - -
1CNY in Million
Estimates

Cash Flow Forecast: Maxscend Microelectronics Company Limited

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 2,858 1,711 2,010 1,808 782.8 565.2 746.4 657.3
Change - -40.15% 17.5% -10.03% -56.71% -27.8% 32.05% -11.93%
Free Cash Flow (FCF) 1 -1,709 -768.4 -115.8 -1,728 -679 2,083 800 1,015
Change - 55.03% 84.93% -1,391.99% 60.71% 406.76% -61.59% 26.88%
Announcement Date 22/02/22 24/02/23 27/02/24 21/02/25 06/03/26 - - -
1CNY in Million
Estimates

Forecast Financial Ratios: Maxscend Microelectronics Company Limited

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 48.98% 32.51% 31.9% 21.22% 11.64% 5.97% 18.73% 24.8%
EBIT Margin (%) 47.98% 29.82% 27.17% 8.11% -9.49% -16.53% 5.28% 13.39%
EBT Margin (%) 52.15% 29.62% 27.07% 8.5% -8.54% -18.5% 5.44% 8.29%
Net margin (%) 46.13% 29.07% 26.6% 8.96% -7.19% -16.82% 8.03% 7.58%
FCF margin (%) -36.85% -20.9% -2.65% -38.52% -18.22% 53.58% 14.89% 16.82%
FCF / Net Income (%) -79.88% -71.87% -9.94% -430.08% 253.35% -318.61% 185.51% 221.98%

Profitability

        
ROA 37.14% 11.99% 11.51% 3.28% -1.81% 1.36% 7.18% 1.2%
ROE 41.53% 13.12% 12.57% 4.02% -2.92% -5.67% 1.62% 3.6%

Financial Health

        
Leverage (Debt/EBITDA) - - - 1.18x 3.85x - - -
Debt / Free cash flow - - - -0.65x -2.46x - - -

Capital Intensity

        
CAPEX / Current Assets (%) 61.65% 46.52% 45.91% 40.3% 21.01% 14.54% 13.89% 10.89%
CAPEX / EBITDA (%) 125.88% 143.09% 143.91% 189.98% 180.5% 243.34% 74.14% 43.93%
CAPEX / FCF (%) -167.29% -222.62% -1,735.27% -104.65% -115.29% 27.13% 93.29% 64.76%

Items per share

        
Cash flow per share 1 2.154 1.765 3.548 0.1502 0.194 1.961 2.275 2.096
Change - -18.06% 101% -95.77% 29.16% 910.85% 16% -7.87%
Dividend per Share 1 0.4375 0.17 0.224 0.102 - - 0.1132 -
Change - -61.14% 31.76% -54.46% - - - -
Book Value Per Share 1 14.32 16.27 18.46 19.08 18.45 19.55 20.18 20.88
Change - 13.6% 13.49% 3.36% -3.28% 5.94% 3.21% 3.48%
EPS 1 4.017 2.003 2.182 0.7517 -0.5012 -1.153 0.6301 0.8186
Change - -50.14% 8.93% -65.55% -166.68% -130% 154.66% 29.92%
Nbr of stocks (in thousands) 533,697 533,758 533,815 534,529 534,943 574,987 574,987 574,987
Announcement Date 22/02/22 24/02/23 27/02/24 21/02/25 06/03/26 - - -
1CNY
Estimates
2026 *2027 *
P/E -62.5x 114x
PBR 3.68x 3.57x
EV / Sales 10.2x 7.35x
Yield - 0.16%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
B
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
13
Last Close Price
72.02CNY
Average target price
75.38CNY
Spread / Average Target
+4.67%

Quarterly revenue - Rate of surprise

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