Valuation First Tractor Company Limited Shanghai S.E.
Stocks
601038
CNE100001JN7
Heavy Machinery & Vehicles
|
End-of-day quote
Shanghai S.E.
23/10/2026
|
5-day change | 1st Jan Change | ||
| 12.77 CNY | +3.99% |
|
+1.51% | -9.88% |
| 10/09 | First Tractor to Pay Out H1 Dividend | MT |
| 26/08 | First Tractor Recognizes 96 Million Yuan Fair-Value Loss on Financial Assets | MT |
Company Valuation: First Tractor Company Limited
Data adjusted to current consolidation scope
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Market Cap 1 | 11,571 | 9,548 | 12,426 | 13,459 | 13,313 | 11,807 | - | - |
| Change | - | -17.49% | 30.14% | 8.32% | -1.09% | -11.31% | - | - |
| Enterprise Value (EV) 1 | 11,571 | 9,548 | 12,426 | 13,459 | 11,852 | 9,339 | 8,046 | 6,646 |
| Change | - | -17.49% | 30.14% | 8.32% | -11.94% | -21.21% | -13.84% | -17.4% |
| P/E | - | - | - | - | 10.4x | 7.96x | 5.71x | 4.52x |
| PBR | - | - | - | - | - | - | - | - |
| PEG | - | - | - | - | - | 0.85x | 0.1x | 0.2x |
| Capitalization / Revenue | - | 0.77x | 1.08x | 1.13x | 1.23x | 0.94x | 0.85x | 0.72x |
| EV / Revenue | - | 0.77x | 1.08x | 1.13x | 1.1x | 0.74x | 0.58x | 0.41x |
| EV / EBITDA | - | 10.4x | 9.62x | 9.9x | 9.63x | 8.83x | 5.56x | 3.73x |
| EV / EBIT | - | 16.2x | 12.5x | 12.9x | 12.9x | 10.6x | 6.55x | 4.31x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | 0.1975 | 0.29 | 0.4 | 0.51 |
| Rate of return | - | - | - | - | 2.63% | 4.61% | 6.36% | 8.11% |
| EPS 2 | - | - | - | - | 0.7226 | 0.79 | 1.1 | 1.39 |
| Distribution rate | - | - | - | - | 27.3% | 36.7% | 36.4% | 36.7% |
| Net sales 1 | - | 12,455 | 11,534 | 11,904 | 10,823 | 12,555 | 13,941 | 16,286 |
| EBITDA 1 | - | 920.5 | 1,292 | 1,360 | 1,231 | 1,057 | 1,446 | 1,780 |
| EBIT 1 | - | 588 | 996.3 | 1,046 | 918.2 | 883.6 | 1,229 | 1,541 |
| Net income 1 | 438.2 | 681.1 | 997 | 922 | 812 | 897.6 | 1,181 | 1,454 |
| Net Debt 1 | - | - | - | - | -1,461 | -2,469 | -3,761 | -5,161 |
| Reference price 2 | 3.218 | 3.264 | 4.502 | 6.747 | 7.513 | 6.286 | 6.286 | 6.286 |
| Nbr of stocks (in thousands) | 11,23,645 | 11,23,645 | 11,23,645 | 11,23,645 | 11,23,645 | 11,23,645 | - | - |
| Announcement Date | 29/03/22 | 21/03/23 | 27/03/24 | 27/03/25 | 26/03/26 | - | - | - |
1CNY in Million2CNY
Estimates
P/E, Detailed evolution
| P/E (N) | EV / Sales (N) | EV / EBITDA (N) | Dividend Yield (N) | Capi.($) | ||
|---|---|---|---|---|---|---|
 | 25.67x | 4.41x | 19.7x | 0.9% | 32TCr | |
| 35.67x | 5.54x | 30.16x | 1.02% | 17TCr | |
| 14.94x | 1.12x | 7.27x | 5.14% | 6.3TCr | |
| 17.97x | 1.66x | 13.47x | 3.03% | 5.63TCr | |
| 29.17x | 4.12x | 17.18x | 0.46% | 4.57TCr | |
| 15.01x | 1.54x | 8.78x | 2.89% | 3.81TCr | |
| 10.94x | 1.04x | 10.37x | 4.78% | 3.41TCr | |
| 30.42x | 4.43x | 17.67x | 1.64% | 2.91TCr | |
| 12.36x | 0.4x | 4.17x | 3.98% | 2.61TCr | |
| Average | 21.35x | 2.69x | 14.31x | 2.65% | 8.69TCr | |
| Weighted average by Cap. | 25.26x | 3.76x | 18.90x | 1.79% |
Y-o-Y evolution of P/E
Historical PBR trend
Evolution Enterprise Value / Sales
Change in Enterprise Value/EBITDA
Year-on-year evolution of the Yield
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