Company Valuation: Sai MicroElectronics Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 15,224 17,928 10,838 17,633 12,579 40,975
Change - 17.76% -39.55% 62.7% -28.66% 225.73%
Enterprise Value (EV) 1 14,838 15,618 9,959 17,736 12,950 40,110
Change - 5.26% -36.24% 78.09% -26.98% 209.72%
P/E 76.8x 79.2x -148x 172x -74x 27.8x
PBR 4.94x 3.53x 2.18x 3.42x 2.55x 6.08x
PEG - - 1x -1x 0x -0x
Capitalization / Revenue 19.9x 19.3x 13.8x 13.6x 10.4x 49.7x
EV / Revenue 19.4x 16.8x 12.7x 13.6x 10.7x 48.7x
EV / EBITDA 188x 310x -35.6x 1,632x -179x -64.9x
EV / EBIT 2,572x -366x -27x -147x -51.8x -50x
EV / FCF -53.7x -122x -5.98x -17.2x -46.1x 139x
FCF Yield -1.86% -0.82% -16.7% -5.8% -2.17% 0.72%
Dividend per Share 2 0.035 0.035 - 0.035 - 0.37
Rate of return 0.15% 0.14% - 0.15% - 0.66%
EPS 2 0.31 0.31 -0.1 0.14 -0.2322 2.012
Distribution rate 11.3% 11.3% - 25% - 18.4%
Net sales 1 765 928.5 785.8 1,300 1,205 824.1
EBITDA 1 78.84 50.42 -279.9 10.87 -72.34 -618.1
EBIT 1 5.768 -42.65 -369.1 -120.9 -249.9 -802.7
Net income 1 201.1 205.7 -73.36 103.6 -170 1,473
Net Debt 1 -386.2 -2,310 -879 102.7 371.1 -864.7
Reference price 2 23.82 24.56 14.78 24.04 17.18 55.96
Nbr of stocks (in thousands) 639,122 729,979 733,289 733,497 732,213 732,213
Announcement Date 3/16/21 A 3/30/22 A 3/28/23 A 3/26/24 A 3/19/25 A 3/26/26 A
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 3.49B
22.93x13.11x19.76x0.33% 5,536B
23.65x11.64x15.75x1.06% 2,069B
39.09x16.52x24.26x0.72% 1,726B
14.01x8.58x10.32x0.05% 1,162B
106.16x19.25x73.06x-.--% 993B
4.74x3.04x3.67x0.21% 913B
-45.24x9.06x25.22x-.--% 550B
212.29x46.21x94.26x-.--% 284B
Average 47.20x 15.93x 33.29x 0.3% 1,471B
Weighted average by Cap. 30.59x 13.23x 23.61x 0.42%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Sai MicroElectronics Inc.

Historical PBR trend

Valuation ratios - PBR - Sai MicroElectronics Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Sai MicroElectronics Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Sai MicroElectronics Inc.

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