SHENZHEN TOPRAYSOLAR CO.,LTD. Financials SHENZHEN TOPRAYSOLAR Co.,Ltd.
Equities
002218
CNE1000009M6
Renewable Energy Equipment & Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.29 CNY | -2.66% |
|
-3.52% | -27.05% |
| 04-29 | SHENZHEN TOPRAYSOLAR Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 04-25 | SHENZHEN TOPRAYSOLAR Co.,Ltd. Proposes Final Dividend for the Year 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,400 | 3,709 | 6,429 | 9,552 | 6,813 | 6,351 |
| Enterprise Value (EV) 1 | 5,351 | 5,512 | 8,281 | 9,684 | 6,796 | 7,377 |
| P/E ratio | 39.3 x | 47.6 x | 38.8 x | 49 x | 71 x | 282 x |
| Yield | - | 0.83% | 0.67% | 0.52% | 0.62% | 0.44% |
| Capitalization / Revenue | 3.03 x | 3.52 x | 4.73 x | 6.71 x | 5.15 x | 5.64 x |
| EV / Revenue | 4.77 x | 5.23 x | 6.09 x | 6.8 x | 5.14 x | 6.55 x |
| EV / EBITDA | 13.6 x | 12.9 x | 15.4 x | 15.5 x | 14.4 x | 20.2 x |
| EV / FCF | -19.5 x | 28.8 x | 244 x | -34.8 x | 17.8 x | -59.6 x |
| FCF Yield | -5.12% | 3.48% | 0.41% | -2.88% | 5.62% | -1.68% |
| Price to Book | 1.18 x | 1.25 x | 2.08 x | 2.26 x | 1.61 x | 1.51 x |
| Nbr of stocks (in thousands) | 1,236,342 | 1,236,342 | 1,236,342 | 1,413,021 | 1,410,495 | 1,408,300 |
| Reference price 2 | 2.750 | 3.000 | 5.200 | 6.760 | 4.830 | 4.510 |
| Announcement Date | 4/17/19 | 4/22/20 | 4/15/21 | 4/21/22 | 4/21/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,121 | 1,054 | 1,361 | 1,424 | 1,323 | 1,127 |
| EBITDA 1 | 392.7 | 427.3 | 536.6 | 622.9 | 471.7 | 364.8 |
| EBIT 1 | 159.9 | 158.8 | 235 | 309.5 | 174.7 | 61.69 |
| Operating Margin | 14.26% | 15.06% | 17.27% | 21.74% | 13.21% | 5.47% |
| Earnings before Tax (EBT) 1 | 80.97 | 77.98 | 193.3 | 203.2 | 117.2 | 26.33 |
| Net income 1 | 88.91 | 77.94 | 165.7 | 195.4 | 96.24 | 23.11 |
| Net margin | 7.93% | 7.4% | 12.18% | 13.73% | 7.28% | 2.05% |
| EPS 2 | 0.0700 | 0.0630 | 0.1340 | 0.1380 | 0.0680 | 0.0160 |
| Free Cash Flow 1 | -274.1 | 191.7 | 33.89 | -278.7 | 382.2 | -123.8 |
| FCF margin | -24.46% | 18.19% | 2.49% | -19.57% | 28.89% | -10.99% |
| FCF Conversion (EBITDA) | - | 44.87% | 6.31% | - | 81.02% | - |
| FCF Conversion (Net income) | - | 245.99% | 20.44% | - | 397.09% | - |
| Dividend per Share | - | 0.0250 | 0.0350 | 0.0350 | 0.0300 | 0.0200 |
| Announcement Date | 4/17/19 | 4/22/20 | 4/15/21 | 4/21/22 | 4/21/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,951 | 1,803 | 1,852 | 132 | - | 1,026 |
| Net Cash position 1 | - | - | - | - | 16.3 | - |
| Leverage (Debt/EBITDA) | 4.968 x | 4.22 x | 3.451 x | 0.2118 x | - | 2.811 x |
| Free Cash Flow 1 | -274 | 192 | 33.9 | -279 | 382 | -124 |
| ROE (net income / shareholders' equity) | 3.11% | 2.67% | 5.47% | 5.34% | 2.28% | 0.55% |
| ROA (Net income/ Total Assets) | 1.65% | 1.57% | 2.3% | 2.85% | 1.54% | 0.56% |
| Assets 1 | 5,377 | 4,951 | 7,215 | 6,846 | 6,247 | 4,137 |
| Book Value Per Share 2 | 2.330 | 2.400 | 2.500 | 2.990 | 3.000 | 2.980 |
| Cash Flow per Share 2 | 0.4400 | 0.4700 | 0.4100 | 0.6200 | 0.9700 | 0.3600 |
| Capex 1 | 383 | 176 | 197 | 205 | 168 | 256 |
| Capex / Sales | 34.21% | 16.69% | 14.46% | 14.37% | 12.66% | 22.72% |
| Announcement Date | 4/17/19 | 4/22/20 | 4/15/21 | 4/21/22 | 4/21/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -27.05% | 658M | |
| +20.04% | 21.02B | |
| -20.09% | 19.38B | |
| -15.74% | 15.44B | |
| -14.30% | 13.59B | |
| -16.82% | 10.37B | |
| +17.75% | 7.33B | |
| -19.14% | 7.15B | |
| -33.78% | 6.36B | |
| +12.72% | 6.08B |
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