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 40,824 - -
Change - -44.03% 23.37% -36.3% -9.09% -6.34% - -
Enterprise Value (EV) 1 106,349 59,736 74,269 49,075 45,257 39,407 39,629 36,749
Change - -43.83% 24.33% -33.92% -7.78% -12.93% 0.56% -7.27%
P/E 50.8x 57.1x 64.6x 119x -163x 226x 44.5x 61.6x
PBR 14.3x 7.03x 7.64x 4.7x 4.42x 3.71x 3.49x 3.42x
PEG - -1.1x 7.23x -1.8x 1x -1x 0x -2.2x
Capitalization / Revenue 23.5x 16.6x 17.2x 10.7x 11.7x 9.76x 7.37x 6.49x
EV / Revenue 22.9x 16.2x 17x 10.9x 12.1x 9.43x 7.15x 5.84x
EV / EBITDA 46.8x 50x 53.2x 51.6x 104x 52.8x 29.3x 24.9x
EV / EBIT 47.8x 54.5x 62.4x 135x -128x 196x 55x 40.2x
EV / FCF -62.2x -77.7x -641x -28.4x -66.7x 18.9x 49.5x 36.2x
FCF Yield -1.61% -1.29% -0.16% -3.52% -1.5% 5.29% 2.02% 2.76%
Dividend per Share 2 0.4375 0.17 0.224 0.102 - 0.0117 0.189 -
Rate of return 0.21% 0.15% 0.16% 0.11% - 0.02% 0.27% -
EPS 2 4.017 2.003 2.182 0.7517 -0.5012 0.314 1.594 1.152
Distribution rate 10.9% 8.49% 10.3% 13.6% - 3.74% 11.9% -
Net sales 1 4,636 3,677 4,378 4,487 3,726 4,181 5,540 6,289
EBITDA 1 2,271 1,195 1,397 951.9 433.7 746.6 1,354 1,475
EBIT 1 2,225 1,096 1,189 364.1 -353.5 201.4 721 914.1
Net income 1 2,139 1,069 1,165 401.8 -268 -95.23 710.7 587.8
Net Debt 1 -2,659 -1,272 -999.2 1,127 1,670 -1,417 -1,195 -4,075
Reference price 2 204.25 114.30 141.00 89.70 81.48 71.00 71.00 71.00
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.($)
226.09x9.43x52.78x0.02% 6.03B
21.88x12.32x18.28x0.37% 5,010B
22.11x10.78x14.65x1.15% 1,884B
42.4x17.37x25.57x0.68% 1,817B
12.67x7.68x9.29x0.06% 1,040B
5.44x3.11x3.74x0.32% 878B
97.19x16.85x62.32x-.--% 851B
-39.91x7.72x21.62x-.--% 466B
215.27x45.78x97.11x-.--% 278B
32.89x11.93x22.12x2.05% 255B
Average 63.60x 14.30x 32.75x 0.47% 1,248B
Weighted average by Cap. 30.43x 12.66x 22.00x 0.49%

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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