Financials China ZhengTong Auto Services Holdings Limited Deutsche Boerse AG

Equities

Market Closed - Deutsche Boerse AG Other stock markets 11:44:22 28/05/2024 am IST			5-day change	1st Jan Change
0.0225 ^EUR	-4.26%		-2.17%	-34.78%

10/04	China ZhengTong Auto Services Holdings Limited Announces Management Changes	CI
27/03	China ZhengTong Auto Services Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	6,092	1,952	1,946	1,721	860	651.6	-	-
Enterprise Value (EV) ¹	25,179	14,789	18,399	20,902	19,876	18,342	17,521	651.6
P/E ratio	9.17 x	-0.22 x	-0.53 x	-5.75 x	-0.94 x	-3.47 x	4.96 x	-11.4 x
Yield	3.68%	-	-	-	-	-	-	-
Capitalization / Revenue	0.17 x	0.11 x	0.09 x	0.08 x	0.04 x	0.02 x	0.02 x	0.02 x
EV / Revenue	0.72 x	0.84 x	0.88 x	0.92 x	0.82 x	0.68 x	0.61 x	0.02 x
EV / EBITDA	8.03 x	-1.77 x	-23.8 x	16.5 x	19.6 x	13.4 x	9.94 x	0.45 x
EV / FCF	1,93,34,502 x	-4,96,26,165 x	-3,64,06,426 x	-2,94,34,670 x	-	-	-	-
FCF Yield	0%	-0%	-0%	-0%	-	-	-	-
Price to Book	0.49 x	0.45 x	3.78 x	8.9 x	2.31 x	-22.7 x	1.26 x	-
Nbr of stocks (in thousands)	24,52,220	26,97,442	27,44,542	27,44,542	28,67,102	28,67,102	-	-
Reference price ²	2.484	0.7238	0.7089	0.6271	0.2999	0.2273	0.2273	0.2273
Announcement Date	30/03/20	01/04/21	29/03/22	30/03/23	27/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	35,138	17,501	20,986	22,607	24,132	27,000	28,678	30,491
EBITDA ¹	3,134	-8,335	-772.1	1,270	1,012	1,370	1,762	1,449
EBIT ¹	2,178	-9,306	-1,674	833.6	168.2	792.5	1,204	947.8
Operating Margin	6.2%	-53.17%	-7.98%	3.69%	0.7%	2.94%	4.2%	3.11%
Earnings before Tax (EBT) ¹	1,163	-10,363	-2,214	-130.3	-886.6	-219.4	191.7	-61.66
Net income ¹	663.9	-8,579	-3,622	-296.3	-891	-186.5	116.3	-56.91
Net margin	1.89%	-49.02%	-17.26%	-1.31%	-3.69%	-0.69%	0.41%	-0.19%
EPS ²	0.2710	-3.348	-1.338	-0.1090	-0.3190	-0.0655	0.0458	-0.0198
Free Cash Flow	1,302	-298	-505.4	-710.1	-	-	-	-
FCF margin	3.71%	-1.7%	-2.41%	-3.14%	-	-	-	-
FCF Conversion (EBITDA)	41.56%	-	-	-	-	-	-	-
FCF Conversion (Net income)	196.17%	-	-	-	-	-	-	-
Dividend per Share ²	0.0916	-	-	-	-	-	-	-
Announcement Date	30/03/20	01/04/21	29/03/22	30/03/23	27/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	19,086	12,836	16,453	19,181	19,016	17,690	16,870	-
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	6.09 x	-1.54 x	-21.31 x	15.1 x	18.79 x	12.91 x	9.574 x	-
Free Cash Flow	1,302	-298	-505	-710	-	-	-	-
ROE (net income / shareholders' equity)	5.41%	-104%	-157%	-84.4%	-	-125%	84.2%	-20.7%
ROA (Net income/ Total Assets)	1.49%	-23.6%	-13.4%	-1.1%	-	-	-	-
Assets ¹	44,528	36,427	27,063	26,930	-	-	-	-
Book Value Per Share ²	5.060	1.600	0.1900	0.0700	0.1300	-0.0100	0.1800	-
Cash Flow per Share	1.040	0.1400	-	-	-	-	-	-
Capex	1,782	644	661	869	-	-	-	-
Capex / Sales	5.07%	3.68%	3.15%	3.84%	-	-	-	-
Announcement Date	30/03/20	01/04/21	29/03/22	30/03/23	27/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

SELL

Number of Analysts

Last Close Price

0.2273 CNY

Average target price

0.2125 CNY

Spread / Average Target

-6.50%

	1st Jan change	Capi.
D'IETEREN GROUP	+15.21%	1.17TCr
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AUTONATION, INC.	+13.03%	683.48Cr
ASBURY AUTOMOTIVE GROUP, INC.	+3.32%	466.58Cr
ZHONGSHENG GROUP HOLDINGS LIMITED	-22.59%	435.11Cr
RUSH ENTERPRISES, INC.	-11.79%	345.13Cr
TUHU CAR INC.	-6.58%	274.76Cr
DOGUS OTOMOTIV SERVIS VE TICARET	+16.93%	202.44Cr
SONIC AUTOMOTIVE, INC.	+0.18%	191.82Cr