share_log

研报掘金丨国信证券:予中科创达“优于大市”评级,合理估值76.4-81.7元

Research reports 丨 Guosen Securities: Thunder Software Technology is rated "outperform the market", with a fair value of 76.4-81.7 yuan.

Gelonghui Finance ·  Dec 3, 2024 16:45

Guosen's research report points out that Thunder Software Technology (300496.SZ) is a global leader in full-stack smart operating systems and intelligent products and technology, having deepened its focus on the smart operating system field for 16 years. Three core businesses: smart software, smart automobile, and internet of things are developing in synergy. In 2023, the revenues from smart software, smart automobile, and internet of things businesses were 1.416 billion, 2.337 billion, and 1.489 billion yuan respectively. The company has established a "IP + service + solution" integrated full-stack, three-dimensional, modular, standardized, and customized software product and solution, as well as a business model that relies on software as the core for soft and hard integrated product sales. Considering the company is facing short-term profit pressure, a PE of 75-80 times is given for 2024, and a reasonable valuation is expected to be between 76.4-81.7 yuan, with an "outperform market" rating.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment