CHINA TELEVISION MEDIA, LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.06 CNY | -3.09% |
|
+1.42% | +56.23% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,313 | 5,293 | 4,733 | 4,534 | 3,929 | 5,107 |
| Enterprise Value (EV) 1 | 2,485 | 4,467 | 3,887 | 3,934 | 3,425 | 4,584 |
| P/E ratio | 28.9 x | 58.9 x | -44.2 x | -2,280 x | -60.2 x | 21.5 x |
| Yield | 1.04% | 0.53% | - | - | - | - |
| Capitalization / Revenue | 4.09 x | 6.19 x | 6.08 x | 3.82 x | 3.42 x | 4.58 x |
| EV / Revenue | 3.06 x | 5.22 x | 4.99 x | 3.31 x | 2.98 x | 4.11 x |
| EV / EBITDA | 14.6 x | 34.4 x | -27.9 x | 133 x | -49.1 x | 61.4 x |
| EV / FCF | 17.3 x | 126 x | 40.7 x | -43.5 x | -37.6 x | -851 x |
| FCF Yield | 5.77% | 0.79% | 2.46% | -2.3% | -2.66% | -0.12% |
| Price to Book | 2.81 x | 4.28 x | 4.31 x | 4.25 x | 3.93 x | 4.09 x |
| Nbr of stocks (in thousands) | 397,706 | 397,706 | 397,706 | 397,706 | 397,706 | 397,706 |
| Reference price 2 | 8.330 | 13.31 | 11.90 | 11.40 | 9.880 | 12.84 |
| Announcement Date | 19-04-26 | 20-04-16 | 21-04-16 | 22-04-15 | 23-04-20 | 24-04-19 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 810.9 | 855.8 | 778.3 | 1,188 | 1,149 | 1,115 |
| EBITDA 1 | 170.1 | 130 | -139.4 | 29.52 | -69.8 | 74.61 |
| EBIT 1 | 149.2 | 109.8 | -160.9 | 2.589 | -98.37 | 45.15 |
| Operating Margin | 18.4% | 12.83% | -20.67% | 0.22% | -8.56% | 4.05% |
| Earnings before Tax (EBT) 1 | 165.9 | 130.7 | -147.7 | 12.58 | -83.72 | 249.1 |
| Net income 1 | 114.5 | 89.89 | -107.1 | -2.095 | -65.29 | 237.3 |
| Net margin | 14.12% | 10.5% | -13.76% | -0.18% | -5.68% | 21.28% |
| EPS 2 | 0.2880 | 0.2260 | -0.2690 | -0.005000 | -0.1640 | 0.5970 |
| Free Cash Flow 1 | 143.4 | 35.33 | 95.48 | -90.48 | -91.03 | -5.388 |
| FCF margin | 17.68% | 4.13% | 12.27% | -7.62% | -7.92% | -0.48% |
| FCF Conversion (EBITDA) | 84.29% | 27.17% | - | - | - | - |
| FCF Conversion (Net income) | 125.19% | 39.3% | - | - | - | - |
| Dividend per Share 2 | 0.0870 | 0.0700 | - | - | - | - |
| Announcement Date | 19-04-26 | 20-04-16 | 21-04-16 | 22-04-15 | 23-04-20 | 24-04-19 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 828 | 826 | 846 | 600 | 504 | 523 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 143 | 35.3 | 95.5 | -90.5 | -91 | -5.39 |
| ROE (net income / shareholders' equity) | 10.6% | 7.63% | -9.44% | 0.55% | -6.2% | 20.5% |
| ROA (Net income/ Total Assets) | 6.23% | 4.27% | -6.28% | 0.1% | -3.84% | 1.73% |
| Assets 1 | 1,839 | 2,106 | 1,706 | -2,084 | 1,702 | 13,701 |
| Book Value Per Share 2 | 2.960 | 3.110 | 2.760 | 2.680 | 2.520 | 3.140 |
| Cash Flow per Share 2 | 2.080 | 2.080 | 2.130 | 1.830 | 1.560 | 1.560 |
| Capex 1 | 21.8 | 24.1 | 41.3 | 30 | 21.5 | 23.8 |
| Capex / Sales | 2.68% | 2.82% | 5.3% | 2.53% | 1.87% | 2.14% |
| Announcement Date | 19-04-26 | 20-04-16 | 21-04-16 | 22-04-15 | 23-04-20 | 24-04-19 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +56.23% | 1.1B | |
| +11.29% | 7.98B | |
| -6.98% | 6.06B | |
| +8.18% | 5.68B | |
| +2.16% | 4.45B | |
| +9.47% | 4.18B | |
| +14.85% | 3.77B | |
| -2.78% | 3.07B | |
| +15.03% | 2.92B | |
| +44.80% | 2.2B |
- Stock Market
- Equities
- 600088 Stock
- Financials China Television Media, Ltd.
