Financials Tianfeng Securities Co., Ltd.

Equities

601162

CNE100003F43

Investment Banking & Brokerage Services

End-of-day quote Shanghai S.E. 18:00:00 2024-06-27 EDT 5-day change 1st Jan Change
2.18 CNY -1.80% Intraday chart for Tianfeng Securities Co., Ltd. -4.39% -29.45%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 32,271 38,125 40,662 35,096 24,871 26,777
Enterprise Value (EV) 1 25,633 34,908 38,693 36,130 29,208 28,121
P/E ratio 97.3 x 125 x 87.1 x 57.9 x -15.9 x 77.3 x
Yield 0.11% 0.08% - 0.27% - -
Capitalization / Revenue 9.85 x 9.92 x 9.54 x 7.97 x 14.4 x 7.85 x
EV / Revenue 7.82 x 9.08 x 9.08 x 8.2 x 16.9 x 8.25 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 2.62 x 3.14 x 2.33 x 1.4 x 1.08 x 1.13 x
Nbr of stocks (in thousands) 5,180,000 5,180,000 6,665,967 8,665,757 8,665,757 8,665,757
Reference price 2 6.230 7.360 6.100 4.050 2.870 3.090
Announcement Date 19-04-15 20-04-28 21-04-27 22-03-30 23-04-27 24-04-29
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,276 3,843 4,261 4,406 1,732 3,409
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 428.8 462.3 888.2 701.9 -1,876 320.4
Net income 1 302.9 307.8 454.9 586.4 -1,509 307.2
Net margin 9.24% 8.01% 10.67% 13.31% -87.13% 9.01%
EPS 2 0.0640 0.0590 0.0700 0.0700 -0.1800 0.0400
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.007000 0.006000 - 0.0110 - -
Announcement Date 19-04-15 20-04-28 21-04-27 22-03-30 23-04-27 24-04-29
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 1,033 4,337 1,344
Net Cash position 1 6,639 3,217 1,969 - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 1.72% 2.34% 3.46% 2.49% -5.86% 1.73%
ROA (Net income/ Total Assets) 0.6% 0.74% 0.97% 0.67% -1.49% 0.42%
Assets 1 50,274 41,495 46,730 87,320 100,961 72,586
Book Value Per Share 2 2.380 2.340 2.620 2.900 2.670 2.730
Cash Flow per Share 2 0.6000 0.6600 0.8600 1.050 1.420 1.960
Capex 1 90.2 168 175 316 246 193
Capex / Sales 2.75% 4.37% 4.12% 7.18% 14.23% 5.67%
Announcement Date 19-04-15 20-04-28 21-04-27 22-03-30 23-04-27 24-04-29
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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