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 41,411 - -
Change - -44.03% 23.37% -36.3% -9.09% -4.99% - -
Enterprise Value (EV) 1 106,349 59,736 74,269 49,075 45,257 39,664 39,507 38,921
Change - -43.83% 24.33% -33.92% -7.78% -12.36% -0.39% -1.48%
P/E 50.8x 57.1x 64.6x 119x -163x -62.5x 114x 88x
PBR 14.3x 7.03x 7.64x 4.7x 4.42x 3.68x 3.57x 3.45x
PEG - -1.1x 7.23x -1.8x 1x -0x -1x 2.9x
Capitalization / Revenue 23.5x 16.6x 17.2x 10.7x 11.7x 10.7x 7.71x 6.86x
EV / Revenue 22.9x 16.2x 17x 10.9x 12.1x 10.2x 7.35x 6.45x
EV / EBITDA 46.8x 50x 53.2x 51.6x 104x 171x 39.2x 26x
EV / EBIT 47.8x 54.5x 62.4x 135x -128x -61.7x 139x 48.2x
EV / FCF -62.2x -77.7x -641x -28.4x -66.7x 19x 49.4x 38.3x
FCF Yield -1.61% -1.29% -0.16% -3.52% -1.5% 5.25% 2.02% 2.61%
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% - - 0.16% -
EPS 2 4.017 2.003 2.182 0.7517 -0.5012 -1.153 0.6301 0.8186
Distribution rate 10.9% 8.49% 10.3% 13.6% - - 18% -
Net sales 1 4,636 3,677 4,378 4,487 3,726 3,888 5,374 6,034
EBITDA 1 2,271 1,195 1,397 951.9 433.7 232.3 1,007 1,496
EBIT 1 2,225 1,096 1,189 364.1 -353.5 -642.8 283.5 807.6
Net income 1 2,139 1,069 1,165 401.8 -268 -653.8 431.2 457.2
Net Debt 1 -2,659 -1,272 -999.2 1,127 1,670 -1,747 -1,903 -2,490
Reference price 2 204.25 114.30 141.00 89.70 81.48 72.02 72.02 72.02
Nbr of stocks (in thousands) 533,697 533,758 533,815 534,529 534,943 574,987 - -
Announcement Date 22/2/22 24/2/23 27/2/24 21/2/25 6/3/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-64.1x10.5x175.34x-.--% 6.33B
22.5x12.75x19.31x0.34% 5,401B
22.96x11.27x15.28x1.1% 2,029B
39.53x16.6x24.38x0.71% 1,734B
14.14x8.62x10.41x0.05% 1,161B
5.31x3.39x4.09x0.2% 1,009B
91.16x16.49x62.61x-.--% 851B
-46.03x9.21x25.66x-.--% 558B
211.34x45.84x93.47x-.--% 282B
Average 32.98x 14.96x 47.84x 0.27% 1,448B
Weighted average by Cap. 28.35x 12.75x 22.16x 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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