Financials Qingdao Sentury Tire Co., Ltd.

Equities

002984

CNE1000046G0

Tires & Rubber Products

End-of-day quote Shenzhen S.E. 18:00:00 2024-06-26 EDT 5-day change 1st Jan Change
24 CNY -1.92% Intraday chart for Qingdao Sentury Tire Co., Ltd. -4.42% +16.46%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 16,495 23,109 20,003 21,314 24,498 - -
Enterprise Value (EV) 1 16,495 23,109 20,003 21,314 24,498 24,498 24,498
P/E ratio 15.5 x 30.9 x 25.7 x 15.1 x 11.2 x 9.82 x 8.24 x
Yield - 0.48% - 1.42% 1.86% 2.3% 2.34%
Capitalization / Revenue - 4.46 x 3.18 x 2.72 x 2.53 x 2.13 x 1.79 x
EV / Revenue - 4.46 x 3.18 x 2.72 x 2.53 x 2.13 x 1.79 x
EV / EBITDA - - 16.1 x 11 x 8.71 x 7.6 x 6.49 x
EV / FCF - -36.3 x -837 x 17.4 x 7.96 x 17.4 x 21.2 x
FCF Yield - -2.75% -0.12% 5.76% 12.6% 5.76% 4.71%
Price to Book - 3.48 x 2.75 x 1.87 x 1.84 x 1.6 x 1.38 x
Nbr of stocks (in thousands) 909,537 909,537 909,539 1,034,287 1,020,762 - -
Reference price 2 18.14 25.41 21.99 20.61 24.00 24.00 24.00
Announcement Date 2/1/21 2/14/22 2/20/23 2/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 5,177 6,292 7,842 9,691 11,525 13,662
EBITDA 1 - - 1,239 1,945 2,813 3,225 3,774
EBIT 1 - 728.3 864.8 1,471 2,229 2,585 3,049
Operating Margin - 14.07% 13.74% 18.76% 23% 22.43% 22.32%
Earnings before Tax (EBT) 1 - 775.4 852.5 1,471 2,228 2,581 3,045
Net income 1 980.6 753.4 800.9 1,369 2,102 2,412 2,850
Net margin - 14.55% 12.73% 17.45% 21.69% 20.93% 20.86%
EPS 2 1.171 0.8214 0.8571 1.364 2.144 2.444 2.913
Free Cash Flow 1 - -635.8 -23.9 1,227 3,076 1,412 1,155
FCF margin - -12.28% -0.38% 15.65% 31.74% 12.25% 8.45%
FCF Conversion (EBITDA) - - - 63.08% 109.33% 43.78% 30.61%
FCF Conversion (Net income) - - - 89.67% 146.31% 58.53% 40.53%
Dividend per Share 2 - 0.1214 - 0.2929 0.4462 0.5510 0.5621
Announcement Date 2/1/21 2/14/22 2/20/23 2/29/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - -636 -23.9 1,227 3,076 1,412 1,155
ROE (net income / shareholders' equity) - 12.9% 11.5% 16.4% 15.4% 15.5% 15.7%
ROA (Net income/ Total Assets) - - 7.45% 10.2% 11.9% 11.9% 12.3%
Assets 1 - - 10,755 13,386 17,626 20,225 23,102
Book Value Per Share 2 - 7.310 8.010 11.00 13.10 15.00 17.40
Cash Flow per Share 2 - - 1.130 2.270 2.390 3.010 2.920
Capex 1 - 1,467 1,052 1,140 1,502 1,749 1,711
Capex / Sales - 28.34% 16.72% 14.53% 15.5% 15.17% 12.52%
Announcement Date 2/1/21 2/14/22 2/20/23 2/29/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
24 CNY
Average target price
36.98 CNY
Spread / Average Target
+54.06%
Consensus

Annual profits - Rate of surprise

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