CHENGDU TANGYUAN ELECTRIC CO.,LTD. Financials Chengdu Tangyuan Electric Co.,Ltd.
Equities
300789
CNE100003N35
Industrial Machinery & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18.19 CNY | -0.82% |
|
+1.85% | -19.30% |
| 04-26 | Tangyuan Electric Announces Profit Distribution Proposal for 2023 | CI |
| 04-25 | Chengdu Tangyuan Electric Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Capitalization 1 | 4,037 | 2,185 | 2,126 | 1,457 | 2,465 |
| Enterprise Value (EV) 1 | 3,586 | 1,703 | 1,629 | 1,010 | 2,140 |
| P/E ratio | 40.3 x | 33.8 x | 32.3 x | 16 x | 22.9 x |
| Yield | 0.41% | 0.59% | 0.93% | 1.86% | 1.3% |
| Capitalization / Revenue | 13.1 x | 8.12 x | 6.04 x | 3.36 x | 3.86 x |
| EV / Revenue | 11.6 x | 6.33 x | 4.63 x | 2.33 x | 3.35 x |
| EV / EBITDA | 41.9 x | 33.4 x | 23.6 x | 11.3 x | 17.7 x |
| EV / FCF | -45.7 x | 211 x | -154 x | -13.3 x | -45.5 x |
| FCF Yield | -2.19% | 0.47% | -0.65% | -7.51% | -2.2% |
| Price to Book | 5.79 x | 2.93 x | 2.63 x | 1.63 x | 2.5 x |
| Nbr of stocks (in thousands) | 107,600 | 107,600 | 107,600 | 108,457 | 109,369 |
| Reference price 2 | 37.52 | 20.31 | 19.76 | 13.44 | 22.54 |
| Announcement Date | 4/26/20 | 4/25/21 | 4/24/22 | 4/26/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 264.6 | 308.8 | 269 | 351.8 | 433.6 | 639.4 |
| EBITDA 1 | 84.91 | 85.64 | 50.99 | 69.02 | 89.19 | 120.7 |
| EBIT 1 | 82.83 | 83.48 | 48.44 | 65.66 | 82.22 | 103.6 |
| Operating Margin | 31.3% | 27.04% | 18.01% | 18.66% | 18.96% | 16.21% |
| Earnings before Tax (EBT) 1 | 89.17 | 90.91 | 69.72 | 74.36 | 94.69 | 115.4 |
| Net income 1 | 83.6 | 83.43 | 64.57 | 66.53 | 91.23 | 107.9 |
| Net margin | 31.59% | 27.02% | 24% | 18.91% | 21.04% | 16.87% |
| EPS 2 | 1.034 | 0.9306 | 0.6000 | 0.6112 | 0.8379 | 0.9834 |
| Free Cash Flow 1 | 14.56 | -78.47 | 8.079 | -10.56 | -75.87 | -47.02 |
| FCF margin | 5.5% | -25.41% | 3% | -3% | -17.5% | -7.35% |
| FCF Conversion (EBITDA) | 17.15% | - | 15.84% | - | - | - |
| FCF Conversion (Net income) | 17.42% | - | 12.51% | - | - | - |
| Dividend per Share | - | 0.1551 | 0.1197 | 0.1839 | 0.2500 | 0.2920 |
| Announcement Date | 8/11/19 | 4/26/20 | 4/25/21 | 4/24/22 | 4/26/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 144 | 451 | 482 | 498 | 448 | 325 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 14.6 | -78.5 | 8.08 | -10.6 | -75.9 | -47 |
| ROE (net income / shareholders' equity) | 37.8% | 17.4% | 8.95% | 8.55% | 10.7% | 11.7% |
| ROA (Net income/ Total Assets) | 14.5% | 8.19% | 3.41% | 4.13% | 4.37% | 4.68% |
| Assets 1 | 577 | 1,019 | 1,894 | 1,610 | 2,087 | 2,307 |
| Book Value Per Share 2 | 3.260 | 6.480 | 6.930 | 7.500 | 8.240 | 9.010 |
| Cash Flow per Share 2 | 1.780 | 2.330 | 2.900 | 3.180 | 2.590 | 2.760 |
| Capex 1 | 1.92 | 23.6 | 24.9 | 43.1 | 39.4 | 10.8 |
| Capex / Sales | 0.72% | 7.64% | 9.27% | 12.26% | 9.08% | 1.69% |
| Announcement Date | 8/11/19 | 4/26/20 | 4/25/21 | 4/24/22 | 4/26/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -19.30% | 275M | |
| +8.05% | 33.8B | |
| +24.67% | 8.62B | |
| +14.64% | 8.22B | |
| +27.75% | 5.8B | |
| -6.30% | 4.04B | |
| +17.08% | 3.8B | |
| +12.21% | 3.71B | |
| +24.12% | 3.69B | |
| -6.79% | 2.81B |
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