Financials Precision Tsugami (China) Corporation Limited

Equities

1651

KYG7215M1006

Industrial Machinery & Equipment

Market Closed - Hong Kong S.E. 04:08:42 2024-06-28 EDT 5-day change 1st Jan Change
10.6 HKD +0.19% Intraday chart for Precision Tsugami (China) Corporation Limited +6.11% +13.37%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,971 2,107 2,966 2,775 2,652 3,754 - -
Enterprise Value (EV) 1 2,571 2,107 2,536 2,242 2,652 3,159 2,159 1,614
P/E ratio 8.11 x 13.5 x 7.56 x 4.16 x 4.58 x 6.59 x 5.7 x 5.75 x
Yield 3.95% 4.96% 4.27% 4.68% - 3.03% 3.17% 3.54%
Capitalization / Revenue 1.04 x 1.08 x 0.95 x 0.63 x - 1.01 x 0.94 x 0.91 x
EV / Revenue 0.9 x 1.08 x 0.81 x 0.51 x - 1.01 x 0.54 x 0.39 x
EV / EBITDA 5.02 x 8.3 x 4.37 x 2.31 x - 4.68 x 2.29 x 1.62 x
EV / FCF 12.5 x 85.4 x 12.6 x 6.75 x - 3.74 x 3.72 x 2.85 x
FCF Yield 8.01% 1.17% 7.95% 14.8% - 26.8% 26.9% 35.1%
Price to Book 2.1 x 1.43 x 1.69 x 1.25 x - 1.46 x 1.25 x 1.01 x
Nbr of stocks (in thousands) 381,370 381,226 380,804 380,804 380,804 380,554 - -
Reference price 2 7.790 5.526 7.788 7.288 6.964 9.865 9.865 9.865
Announcement Date 6/27/19 6/29/20 6/28/21 6/27/22 6/28/23 6/26/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,851 1,944 3,117 4,420 - 3,120 4,007 4,110
EBITDA 1 512.2 253.9 580.1 968.5 - 674.9 944 993.5
EBIT 1 469.3 208 535.8 913.5 - 616.1 887 911
Operating Margin 16.46% 10.7% 17.19% 20.67% - 19.75% 22.14% 22.16%
Earnings before Tax (EBT) 1 483.7 223.4 570.3 973.8 - 702.7 962 943.5
Net income 1 367.6 155.8 392 667.4 579.2 480 657 652.5
Net margin 12.89% 8.02% 12.57% 15.1% - 15.39% 16.4% 15.87%
EPS 2 0.9600 0.4100 1.030 1.750 1.520 1.260 1.730 1.715
Free Cash Flow 1 206 24.67 201.6 332.2 - 668 580.5 566.5
FCF margin 7.23% 1.27% 6.47% 7.52% - 22% 14.49% 13.78%
FCF Conversion (EBITDA) 40.23% 9.72% 34.76% 34.3% - 97.73% 61.49% 57.02%
FCF Conversion (Net income) 56.04% 15.83% 51.44% 49.78% - 149.44% 88.36% 86.82%
Dividend per Share 2 0.3080 0.2740 0.3327 0.3409 - 0.2990 0.3130 0.3490
Announcement Date 6/27/19 6/29/20 6/28/21 6/27/22 6/28/23 6/26/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 400 - 430 533 - 1,258 1,595 2,140
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 206 24.7 202 332 - 668 581 567
ROE (net income / shareholders' equity) 28.5% 10.8% 24.3% 33.5% - 17.4% 21.5% 19.8%
ROA (Net income/ Total Assets) 19.3% 7.98% 16.9% - - 12.4% 14.8% 16.6%
Assets 1 1,908 1,953 2,319 - - 3,605 4,439 3,931
Book Value Per Share 2 3.710 3.850 4.620 5.830 - 6.770 7.920 9.740
Cash Flow per Share 0.7200 - - 1.130 - - - -
Capex 1 66.9 151 99.1 97.3 - 51 60 54.5
Capex / Sales 2.35% 7.78% 3.18% 2.2% - 1.68% 1.5% 1.33%
Announcement Date 6/27/19 6/29/20 6/28/21 6/27/22 6/28/23 6/26/24 - -
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
2
Last Close Price
9.865 CNY
Average target price
10.21 CNY
Spread / Average Target
+3.46%
Consensus

Annual profits - Rate of surprise

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