Financials Tongding Interconnection Information Co., Ltd.

Equities

002491

CNE100000VR5

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 18:00:00 2024-04-29 EDT 5-day change 1st Jan Change
4.38 CNY -9.13% Intraday chart for Tongding Interconnection Information Co., Ltd. -7.01% -16.41%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 9,941 8,240 5,041 6,003 5,584 6,445
Enterprise Value (EV) 1 12,169 10,672 6,526 7,687 6,196 6,689
P/E ratio 17.6 x -3.93 x 118 x -9.51 x 44.8 x 27.2 x
Yield 0.63% - - - - -
Capitalization / Revenue 2.24 x 2.33 x 1.41 x 2.02 x 1.68 x 1.92 x
EV / Revenue 2.74 x 3.02 x 1.82 x 2.58 x 1.87 x 2 x
EV / EBITDA 14.1 x -20.6 x 175 x -54.5 x 25.7 x 15.8 x
EV / FCF -14.1 x 50.9 x 35.4 x -24.3 x 8 x 25.4 x
FCF Yield -7.09% 1.97% 2.83% -4.12% 12.5% 3.94%
Price to Book 1.94 x 2.85 x 1.78 x 2.81 x 2.51 x 2.61 x
Nbr of stocks (in thousands) 1,261,553 1,246,635 1,235,545 1,220,213 1,229,995 1,229,995
Reference price 2 7.880 6.610 4.080 4.920 4.540 5.240
Announcement Date 19-04-24 20-04-27 21-04-27 22-04-27 23-04-28 24-04-26
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,445 3,539 3,586 2,977 3,316 3,349
EBITDA 1 865.9 -517.8 37.24 -141.1 240.8 423.8
EBIT 1 678.1 -746.7 -147.7 -322.1 140.1 325.9
Operating Margin 15.25% -21.1% -4.12% -10.82% 4.22% 9.73%
Earnings before Tax (EBT) 1 636.2 -2,241 87.82 -602.5 154.5 299.4
Net income 1 564.5 -2,123 43.59 -646.7 125.5 236.8
Net margin 12.7% -60% 1.22% -21.72% 3.78% 7.07%
EPS 2 0.4475 -1.683 0.0347 -0.5172 0.1013 0.1925
Free Cash Flow 1 -862.2 209.7 184.4 -316.6 774.7 263.4
FCF margin -19.4% 5.93% 5.14% -10.63% 23.36% 7.86%
FCF Conversion (EBITDA) - - 495.19% - 321.74% 62.14%
FCF Conversion (Net income) - - 423.02% - 617.56% 111.24%
Dividend per Share 2 0.0500 - - - - -
Announcement Date 19-04-24 20-04-27 21-04-27 22-04-27 23-04-28 24-04-26
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2,228 2,432 1,485 1,683 611 244
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.572 x -4.697 x 39.87 x -11.93 x 2.539 x 0.5761 x
Free Cash Flow 1 -862 210 184 -317 775 263
ROE (net income / shareholders' equity) 11.5% -51.5% 1.42% -25.7% 5.78% 10%
ROA (Net income/ Total Assets) 4.45% -4.93% -1.1% -2.8% 1.44% 3.43%
Assets 1 12,685 43,052 -3,945 23,107 8,737 6,899
Book Value Per Share 2 4.060 2.320 2.300 1.750 1.810 2.010
Cash Flow per Share 2 1.340 1.000 1.090 0.7300 1.040 0.9900
Capex 1 985 197 120 101 31.5 32
Capex / Sales 22.15% 5.57% 3.35% 3.39% 0.95% 0.95%
Announcement Date 19-04-24 20-04-27 21-04-27 22-04-27 23-04-28 24-04-26
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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