Financials Triumph Science & Technology Co.,Ltd

Equities

End-of-day quote Shanghai S.E. Other stock markets 18:00:00 2024-05-09 EDT			5-day change	1st Jan Change
10.66 ^CNY	-2.38%		-2.65%	-20.03%

04-29	Triumph Science & Technology Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-19	Mainland China and Hong Kong stocks fall on Middle East tensions	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,256	8,953	8,728	12,592	10,070	-	-
Enterprise Value (EV) ¹	5,256	8,953	8,728	12,592	10,070	10,070	10,070
P/E ratio	43.5 x	56.9 x	51.3 x	117 x	46.3 x	30.2 x	24.2 x
Yield	-	0.85%	0.54%	0.38%	0.84%	1.22%	1.22%
Capitalization / Revenue	-	1.42 x	1.89 x	2.51 x	1.65 x	1.33 x	1.21 x
EV / Revenue	-	1.42 x	1.89 x	2.51 x	1.65 x	1.33 x	1.21 x
EV / EBITDA	-	17.9 x	15.3 x	23.3 x	13 x	10.1 x	7.62 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	3.36 x	2.14 x	3.09 x	2.36 x	2.22 x	2.04 x
Nbr of stocks (in thousands)	763,884	763,884	944,607	944,607	944,607	-	-
Reference price ²	6.880	11.72	9.240	13.33	10.66	10.66	10.66
Announcement Date	21-03-30	22-03-09	23-04-11	24-04-18	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	6,324	4,623	5,010	6,109	7,575	8,339
EBITDA ¹	-	501	571.7	541	775.8	994.7	1,321
EBIT ¹	-	282.9	272.8	204.6	371.5	560.2	726.8
Operating Margin	-	4.47%	5.9%	4.08%	6.08%	7.4%	8.72%
Earnings before Tax (EBT) ¹	-	282.3	274.6	202.4	344.8	521.2	665.3
Net income ¹	120.8	157.4	140.3	107.2	220.4	334	414.9
Net margin	-	2.49%	3.04%	2.14%	3.61%	4.41%	4.97%
EPS ²	0.1581	0.2061	0.1801	0.1135	0.2300	0.3525	0.4400
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.1000	0.0500	0.0500	0.0900	0.1300	0.1300
Announcement Date	21-03-30	22-03-09	23-04-11	24-04-18	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	5.91%	4.22%	2.54%	5.21%	7.42%	8.45%
ROA (Net income/ Total Assets)	-	2.11%	1.55%	-	2.1%	2.8%	2.9%
Assets ¹	-	7,455	9,067	-	10,496	11,927	14,305
Book Value Per Share ²	-	3.490	4.320	4.320	4.510	4.810	5.220
Cash Flow per Share ²	-	0.6400	0.4400	0.1400	1.490	-0.1800	2.070
Capex ¹	-	221	410	614	677	723	857
Capex / Sales	-	3.49%	8.88%	12.25%	11.08%	9.55%	10.27%
Announcement Date	21-03-30	22-03-09	23-04-11	24-04-18	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

10.66 CNY

Average target price

13.51 CNY

Spread / Average Target

+26.74%

	1st Jan change	Capi.
TRIUMPH SCIENCE & TECHNOLOGY CO.,LTD	-20.03%	1.39B
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E INK HOLDINGS INC.	+6.85%	7.41B
AUO CORPORATION	-3.58%	4.13B
CAIHONG DISPLAY DEVICES CO.,LTD.	+19.85%	4.02B
LG DISPLAY CO., LTD.	-16.17%	3.9B
INNOLUX CORPORATION	-6.99%	3.72B
TIANMA MICROELECTRONICS CO., LTD.	-24.60%	2.73B
LEYARD OPTOELECTRONIC CO., LTD.	-18.33%	1.71B