Financials Guangdong TCL Smart Home Appliances Co., Ltd.

Equities

002668

CNE100001D05

Appliances, Tools & Housewares

End-of-day quote Shenzhen S.E. 18:00:00 2024-05-30 EDT 5-day change 1st Jan Change
10.26 CNY -1.25% Intraday chart for Guangdong TCL Smart Home Appliances Co., Ltd. -0.48% +55.22%

Valuation

Fiscal Period: December 2020 2022 2023 2024 2025 2026
Capitalization 1 4,293 5,757 7,166 11,123 - -
Enterprise Value (EV) 1 4,293 5,757 7,166 11,123 11,123 11,123
P/E ratio -8.08 x 13.6 x 9.11 x 12.7 x 11.3 x 9.63 x
Yield - - - 0.78% 1.75% 2.92%
Capitalization / Revenue - - 0.47 x 0.65 x 0.65 x 0.51 x
EV / Revenue - - 0.47 x 0.65 x 0.65 x 0.51 x
EV / EBITDA - - 3.5 x 6.5 x 5.25 x 5.07 x
EV / FCF - - 3.1 x 7 x 6.34 x 5.61 x
FCF Yield - - 32.3% 14.3% 15.8% 17.8%
Price to Book - - 5.07 x 4.94 x 3.45 x 2.68 x
Nbr of stocks (in thousands) 1,084,111 1,084,111 1,084,111 1,084,111 - -
Reference price 2 3.960 5.310 6.610 10.26 10.26 10.26
Announcement Date 4/19/21 3/7/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2022 2023 2024 2025 2026
Net sales 1 - - 15,180 17,211 17,214 21,830
EBITDA 1 - - 2,046 1,710 2,118 2,192
EBIT 1 - - 1,787 1,959 2,205 2,546
Operating Margin - - 11.77% 11.38% 12.81% 11.67%
Earnings before Tax (EBT) 1 - - 1,778 1,958 2,197 2,542
Net income 1 -534.2 423.7 786.6 883.5 987 1,154
Net margin - - 5.18% 5.13% 5.73% 5.29%
EPS 2 -0.4900 0.3900 0.7256 0.8100 0.9100 1.065
Free Cash Flow 1 - - 2,311 1,588 1,755 1,982
FCF margin - - 15.23% 9.23% 10.2% 9.08%
FCF Conversion (EBITDA) - - 112.95% 92.87% 82.88% 90.42%
FCF Conversion (Net income) - - 293.84% 179.74% 177.81% 171.68%
Dividend per Share 2 - - - 0.0800 0.1800 0.3000
Announcement Date 4/19/21 3/7/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q2
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 230.5
Net margin -
EPS 2 0.2100
Dividend per Share -
Announcement Date 8/28/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2022 2023 2024 2025 2026
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - - 2,311 1,588 1,755 1,982
ROE (net income / shareholders' equity) - - 57.7% 39.3% 30.8% 27.9%
ROA (Net income/ Total Assets) - - - 5.5% 6.06% 5.1%
Assets 1 - - - 16,064 16,287 22,637
Book Value Per Share 2 - - 1.300 2.080 2.970 3.830
Cash Flow per Share 2 - - 2.580 1.890 2.060 -
Capex 1 - - 487 472 336 305
Capex / Sales - - 3.21% 2.74% 1.95% 1.39%
Announcement Date 4/19/21 3/7/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
10.26 CNY
Average target price
12 CNY
Spread / Average Target
+16.96%
Consensus

Annual profits - Rate of surprise

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