Financials Tianjin Printronics Circuit Corporation

Equities

002134

CNE1000000N3

Semiconductors

End-of-day quote Shenzhen S.E. 18:00:00 2024-05-22 EDT 5-day change 1st Jan Change
8.14 CNY -1.33% Intraday chart for Tianjin Printronics Circuit Corporation +1.62% -25.80%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,451 2,309 2,077 2,404 1,996 2,680
Enterprise Value (EV) 1 1,373 2,222 2,004 2,247 1,923 2,757
P/E ratio -24.6 x 188 x 320 x 89.3 x 116 x 99.7 x
Yield 6.78% - - - - -
Capitalization / Revenue 3.7 x 5.52 x 4.54 x 3.43 x 3.44 x 4.15 x
EV / Revenue 3.5 x 5.31 x 4.38 x 3.21 x 3.31 x 4.27 x
EV / EBITDA -64.6 x 52.1 x 83.7 x 51.5 x 42.5 x 44.3 x
EV / FCF 60.4 x 271 x -172 x 23.8 x -31.5 x -32.6 x
FCF Yield 1.65% 0.37% -0.58% 4.2% -3.18% -3.06%
Price to Book 3.83 x 5.89 x 5.22 x 5.64 x 4.51 x 5.93 x
Nbr of stocks (in thousands) 245,850 245,850 245,850 245,850 245,850 244,335
Reference price 2 5.900 9.390 8.450 9.780 8.120 10.97
Announcement Date 4/12/19 2/27/20 3/10/21 4/26/22 3/17/23 4/16/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 392.4 418.2 457.9 700.1 580.7 646.3
EBITDA 1 -21.25 42.63 23.94 43.6 45.23 62.28
EBIT 1 -54.9 10.24 6.292 29.38 29.18 36.34
Operating Margin -13.99% 2.45% 1.37% 4.2% 5.02% 5.62%
Earnings before Tax (EBT) 1 -59.17 12.64 6.676 26.82 16.38 27.69
Net income 1 -59.26 12.67 6.501 26.93 16.06 26.42
Net margin -15.1% 3.03% 1.42% 3.85% 2.77% 4.09%
EPS 2 -0.2400 0.0500 0.0264 0.1095 0.0700 0.1100
Free Cash Flow 1 22.73 8.208 -11.65 94.33 -61.08 -84.45
FCF margin 5.79% 1.96% -2.54% 13.47% -10.52% -13.07%
FCF Conversion (EBITDA) - 19.25% - 216.38% - -
FCF Conversion (Net income) - 64.78% - 350.3% - -
Dividend per Share 2 0.4000 - - - - -
Announcement Date 4/12/19 2/27/20 3/10/21 4/26/22 3/17/23 4/16/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - 76.2
Net Cash position 1 77.1 86.9 73 157 72.9 -
Leverage (Debt/EBITDA) - - - - - 1.223 x
Free Cash Flow 1 22.7 8.21 -11.7 94.3 -61.1 -84.5
ROE (net income / shareholders' equity) -14.5% 3.29% 1.65% 6.57% 3.7% 4.47%
ROA (Net income/ Total Assets) -5.63% 1.1% 0.67% 2.66% 2.36% 2.01%
Assets 1 1,053 1,156 972.8 1,014 681.6 1,316
Book Value Per Share 2 1.540 1.590 1.620 1.730 1.800 1.850
Cash Flow per Share 2 0.4200 0.3500 0.4000 0.6400 0.3600 0.5800
Capex 1 6.32 9.59 10.7 31.9 100 178
Capex / Sales 1.61% 2.29% 2.34% 4.55% 17.25% 27.57%
Announcement Date 4/12/19 2/27/20 3/10/21 4/26/22 3/17/23 4/16/24
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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