Company Valuation: Maxscend Microelectronics Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 109,008 61,009 75,268 47,947 43,587 42,377 - -
Change - -44.03% 23.37% -36.3% -9.09% -2.78% - -
Enterprise Value (EV) 1 106,349 59,736 74,269 49,075 45,257 40,615 40,479 39,502
Change - -43.83% 24.33% -33.92% -7.78% -10.26% -0.34% -2.41%
P/E 50.8x 57.1x 64.6x 119x -163x -63.9x 107x 90x
PBR 14.3x 7.03x 7.64x 4.7x 4.42x 3.83x 3.6x 3.55x
PEG - -1.1x 7.23x -1.8x 1x -0x -1x 4.9x
Capitalization / Revenue 23.5x 16.6x 17.2x 10.7x 11.7x 10.9x 7.75x 6.92x
EV / Revenue 22.9x 16.2x 17x 10.9x 12.1x 10.5x 7.41x 6.45x
EV / EBITDA 46.8x 50x 53.2x 51.6x 104x 175x 37.5x 26.4x
EV / EBIT 47.8x 54.5x 62.4x 135x -128x -63.2x 121x 48.9x
EV / FCF -62.2x -77.7x -641x -28.4x -66.7x 19.5x 50.6x 38.9x
FCF Yield -1.61% -1.29% -0.16% -3.52% -1.5% 5.13% 1.98% 2.57%
Dividend per Share 2 0.4375 0.17 0.224 0.102 - - 0.1132 -
Rate of return 0.21% 0.15% 0.16% 0.11% - - 0.15% -
EPS 2 4.017 2.003 2.182 0.7517 -0.5012 -1.153 0.691 0.8186
Distribution rate 10.9% 8.49% 10.3% 13.6% - - 16.4% -
Net sales 1 4,636 3,677 4,378 4,487 3,726 3,878 5,466 6,124
EBITDA 1 2,271 1,195 1,397 951.9 433.7 232.3 1,078 1,496
EBIT 1 2,225 1,096 1,189 364.1 -353.5 -642.8 334.8 807.6
Net income 1 2,139 1,069 1,165 401.8 -268 -653.8 456.2 457.2
Net Debt 1 -2,659 -1,272 -999.2 1,127 1,670 -1,761 -1,897 -2,875
Reference price 2 204.25 114.30 141.00 89.70 81.48 73.70 73.70 73.70
Nbr of stocks (in thousands) 533,697 533,758 533,815 534,529 534,943 574,987 - -
Announcement Date 2/22/22 A 2/24/23 A 2/27/24 A 2/21/25 A 3/6/26 A - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-62.01x10.14x169.37x-.--% 6.12B
23.02x13.15x19.9x0.33% 5,563B
22.45x11.01x14.92x1.12% 1,975B
38.82x16.3x23.86x0.73% 1,703B
13.99x8.52x10.29x0.05% 1,148B
4.71x2.94x3.55x0.22% 891B
83.35x15.1x56.75x-.--% 780B
-41.53x8.35x23.23x-.--% 503B
201.33x43.75x89.24x-.--% 269B
Average 31.57x 14.36x 45.68x 0.27% 1,426B
Weighted average by Cap. 27.78x 12.69x 21.56x 0.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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