TIANJIN BENEFO TEJING ELECTRIC CO., LTD. Financials Tianjin Benefo Tejing Electric Co., Ltd.
Equities
600468
CNE000001832
Heavy Electrical Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.82 CNY | +1.47% |
|
+1.26% | -28.06% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,339 | 4,025 | 4,797 | 5,580 | 4,384 | 7,288 |
| Enterprise Value (EV) 1 | 3,829 | 3,773 | 4,369 | 5,315 | 4,095 | 6,994 |
| P/E ratio | 92.1 x | 71.7 x | 43.6 x | 53.3 x | 36.2 x | 61.4 x |
| Yield | - | - | 0.7% | 0.57% | 0.84% | 0.49% |
| Capitalization / Revenue | 3.2 x | 2.56 x | 2.18 x | 2.38 x | 1.96 x | 3.58 x |
| EV / Revenue | 2.82 x | 2.4 x | 1.99 x | 2.27 x | 1.83 x | 3.44 x |
| EV / EBITDA | 60 x | 39 x | 20.7 x | 25.8 x | 21.2 x | 40.2 x |
| EV / FCF | 578 x | 369 x | 14.9 x | -34.3 x | -1,703 x | -833 x |
| FCF Yield | 0.17% | 0.27% | 6.73% | -2.91% | -0.06% | -0.12% |
| Price to Book | 2.44 x | 2.39 x | 2.65 x | 2.95 x | 2.23 x | 3.55 x |
| Nbr of stocks (in thousands) | 1,135,559 | 1,087,735 | 1,087,735 | 1,087,735 | 1,087,735 | 1,087,735 |
| Reference price 2 | 3.821 | 3.700 | 4.410 | 5.130 | 4.030 | 6.700 |
| Announcement Date | 19-04-26 | 20-04-28 | 21-04-19 | 22-04-19 | 23-04-25 | 24-04-16 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,357 | 1,569 | 2,199 | 2,340 | 2,233 | 2,035 |
| EBITDA 1 | 63.8 | 96.77 | 211.4 | 205.9 | 193.1 | 174 |
| EBIT 1 | 16.41 | 47.62 | 149.7 | 143.8 | 134.9 | 117.1 |
| Operating Margin | 1.21% | 3.03% | 6.81% | 6.15% | 6.04% | 5.75% |
| Earnings before Tax (EBT) 1 | 63.62 | 78.54 | 160.1 | 145.4 | 153.8 | 150.4 |
| Net income 1 | 47.13 | 56.31 | 110 | 104.7 | 121 | 118.8 |
| Net margin | 3.47% | 3.59% | 5% | 4.48% | 5.42% | 5.84% |
| EPS 2 | 0.0415 | 0.0516 | 0.1011 | 0.0963 | 0.1112 | 0.1092 |
| Free Cash Flow 1 | 6.628 | 10.22 | 293.9 | -154.8 | -2.405 | -8.394 |
| FCF margin | 0.49% | 0.65% | 13.36% | -6.62% | -0.11% | -0.41% |
| FCF Conversion (EBITDA) | 10.39% | 10.56% | 138.97% | - | - | - |
| FCF Conversion (Net income) | 14.07% | 18.14% | 267.2% | - | - | - |
| Dividend per Share | - | - | 0.0310 | 0.0290 | 0.0340 | 0.0330 |
| Announcement Date | 19-04-26 | 20-04-28 | 21-04-19 | 22-04-19 | 23-04-25 | 24-04-16 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 510 | 251 | 428 | 265 | 289 | 294 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 6.63 | 10.2 | 294 | -155 | -2.4 | -8.39 |
| ROE (net income / shareholders' equity) | 2.85% | 3.51% | 6.65% | 5.95% | 6.4% | 5.87% |
| ROA (Net income/ Total Assets) | 0.37% | 0.99% | 2.7% | 2.47% | 2.26% | 1.89% |
| Assets 1 | 12,668 | 5,698 | 4,066 | 4,248 | 5,349 | 6,271 |
| Book Value Per Share 2 | 1.560 | 1.550 | 1.670 | 1.740 | 1.810 | 1.890 |
| Cash Flow per Share 2 | 0.2800 | 0.3200 | 0.5300 | 0.5300 | 0.5900 | 0.7100 |
| Capex 1 | 34.4 | 99 | 32 | 74 | 80.9 | 41.4 |
| Capex / Sales | 2.53% | 6.31% | 1.45% | 3.16% | 3.62% | 2.03% |
| Announcement Date | 19-04-26 | 20-04-28 | 21-04-19 | 22-04-19 | 23-04-25 | 24-04-16 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -28.06% | 715M | |
| +24.85% | 94.81B | |
| +52.31% | 26.9B | |
| +49.53% | 18.25B | |
| +28.15% | 10.65B | |
| -1.23% | 8.15B | |
| +10.94% | 8.14B | |
| +35.87% | 7.92B | |
| +155.35% | 7.15B | |
| +45.64% | 5.18B |
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